Malaysia-based RHB Banking Group has expanded its debit card product portfolio by launching two multicurrency debit cards.
Beside Malaysian ringgit, the newly launched Visa debit cards offers access to 13 foreign currencies.
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The foreign currencies supported by the cards include US dollar, Australian, New-Zealand and also Canadian dollars, Euro, Japanese Yen, Pound Sterling, Swiss Franc, Hong-kong dollar, South African Rand, Saudi Riyal, Singapore dollar and Thai Baht.
Furthermore, the debit cards, RHB Multi Currency Visa Debit Card and RHB Premier Multi Currency Visa Debit Card, charge zero conversion or transaction fees for the above mentioned foreign currencies.
Malaysia RHB Group
However, to obtain the multi-currency debit card interested customers will have to open RHB multi-currency account, with a minimum deposit of $1,000.
RHBGroup managing director Datuk Khairussaleh Ramli was quoted by TheStarOnline as saying: “RHB is the first Malaysian bank to introduce the debit card and targets to issue 15,000 of the cards in the first year.
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By GlobalData“The debit card will empower our customers’ lifestyles and provide a gateway for the various financial needs without the hassle of having to open accounts in different countries.”
Malaysia Visa country manager Ng Kong Boon was quoted by TheStarOnline as saying: “Customers would enjoy competitive exchange rates on 13 foreign currencies when they use the debit cards, without any conversion charge or transaction fees.”
