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 Conditional High Yield Savings Account

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7498
post Feb 3 2021, 05:15 PM

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149 posts

Joined: May 2017
RHB Smart Account / Smart Account-i, which one to choose?

Is there min amount for the 3 bills paid online?

I already have a RHB savings account, can I avoid getting a new debit card for this smart account?

This post has been edited by 7498: Feb 3 2021, 05:17 PM
7498
post Feb 4 2021, 08:17 AM

Getting Started
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Junior Member
149 posts

Joined: May 2017
QUOTE(mamamia @ Feb 3 2021, 05:30 PM)
1. Both account same, either one will do

2. no min amount
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QUOTE(DragonReine @ Feb 3 2021, 05:41 PM)
1) Smart is conventional account, Smart-i is under Islamic Banking (Shariah compliant) with Commodity Murabahah (cost plus profit) concept. Functionally both are identical (to make sure Islamic and conventional are competitive). However if your source of funds/income for your account is "non halal" (example: business is selling alcohol or pork), then they will most likely decline you from opening Smart-i, and will direct you to open Smart conventional instead.

2) No minimum amount.

3) You can negotiate with bank to opt out during account creation. Since you have existing relationship you don't necessarily need another card.
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Thank you so much guys for answering my questions. biggrin.gif

 

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