Is there any hidden fees for RHB Multicurrency Account? Other than the RM12 debit card fee annually?

Anything about minimum balances, penalty etc?

Can you exchange currency instantly?

E.g. rm3k from MYR to USD, and then immediately back to MYR?

Is the interest rate updated daily or by the second?

It is for Smart Account purposes. Lose RM20 but gain 1.6% bonus interest (if I understand correctly)

This post has been edited by contestchris: Sep 12 2025, 11:47 AM

1. How do they deduct the RM20? From the MCA or from your linked CASA?

2. Can the account be closed in a year's time without any penalty?

I have done it. In at 4.212 (RM3,001.50), out at 4.184 (RM2,981.10). Lost RM19.95. Hopefully gain back at least triple.

Anyone use RHB MCA without activating debit card? Will they force you to activate?

With credit cards, the first annual fee / service tax is only charged at card activation.

I wonder if the same will apply.

It might be a loophole, it's been 4 days and they still didn't charge it, meanwhile I've already done my transaction.

RHB Smart Account