I would like to ask about RHB Smart Account, as I am considering whether to open this current account or not.


I already have a RHB Basic Savings Account, and its RHB debit card is without annual fee (withdrawals limited to 8 times in a month).


Can I choose not to tag my RHB debit card to RHB Smart Account, to avoid debit card annual fee?


Well, if I want to withdraw money from my RHB Smart Account, I would prefer to use RHBNow internet banking website transfer money to my RHB Basic Savings Account, or to my savings accounts in other bank via Instant Fund Transfer. In other words, I do not need to withdraw money via ATM, directly from RHB Smart Account.


thank you for your information.

This post has been edited by kart: Aug 23 2020, 03:58 PM

Thanks for your answer, !@#$%^.


Well, I am interested in only Deposit Interest of 1.80% p.a. and Base Interest Rate of 0.05% p.a.


Is there any difference between RHB Smart Account and RHB Smart Account-i? Are we getting the same 1.80% p.a. and 0.05% p.a. interest rate from either RHB Smart Account or RHB Smart Account-i?

This post has been edited by kart: Aug 23 2020, 04:12 PM

Regarding the deposit interest, the minimum holding period of RM 2000 which is deposited into RHB Smart Account is not mentioned in the terms and conditions.

So, is it possible to withdraw RM 2000 after RM 2000 is deposited into RHB Smart Account, and we are still entitled to the Deposit Interest of 1.80% p.a.?


smartfreak previously mentioned that the pay interest 0.5% p.a. is granted, when RM 1 is paid three times to same biller. As such, it is also possible to get pay interest 0.5% p.a.

This post has been edited by kart: Aug 23 2020, 04:25 PM

Thanks for your answer, smartfreak. Both your and !@#$%^'s advices are very useful.


Alright, I just have to carefully think, before opening RHB Smart Account. There are caveats for this account (as we all know):

- Half yearly service charge of RM10.00 is levied if monthly average balance is less than RM1,000.00 in preceding 6 months.

- RM 20 fee is imposed on account closure within 3 months from the date it is opened (in case that I may need to close RHB Smart Account, if I do not manage to get the desired savings interest).

This post has been edited by kart: Aug 24 2020, 09:47 PM

If I have conventional basic savings account and then open RHB Smart Account Islamic, will RHB Bank send Islamic debit card to me via post?

Good, I prefer such outcome. I would not want RHB to send me via post a debit card which I do not intend to use.

As long as I transfer RM 2000 once a month via instant fund transfer to RHB Smart Account, it should be easy for me to get 1.85% savings interest.

Thank you very much for your clarification.

For RHB Smart Account, do we get eStatement for this current account once a month, or once every 3 months?

For RHB Smart Account, the Deposit Interest of 1.80% p.a. and Pay Interest of 0.5% p.a. are calculated, based on daily account balance calculated from 1st till last day of the month, or from 15th till 14th of next month?

Thank you for your information.

Someone did mention before that it is not profitable for banks to open savings accounts.

As such, some bank branches may choose to impose such weird and unnecessary requirements, to deter the less knowledgeable customers from opening savings accounts.

Deleted

This post has been edited by kart: Dec 24 2020, 07:49 AM

For RHB Smart Account and RHB Smart Account-i:

https://www.rhbgroup.com/others/highlights/...nt-i/index.html



This post has been edited by kart: Jan 6 2021, 04:00 PM

As per RHB's latest T&C (updated 17 Jan 2021), there is no change to the features of RHB Smart Account / RHB Smart Account-i, right?

As I quickly glanced through the new T&C, the new interest rate is not stated.

Thank you for sharing your finding.


Sigh, when OPR increases, banks will be quick to increase the loan interest rate.


However, for Conditional High Yield Savings Account such as RHB Smart Account, it is rather convenient for RHB Bank to 'forget' increasing the bonus interest rate, as per the newly-revised terms and conditions of RHB Smart Account.