RHB Debit Card that comes with Overdraft Facility

RHB ada produk overdraft baru yang didatangkan untuk pelanggan debit card RHB.
Kelebihannya caj cash pengeluaran duit overdraft (seakan kad kredit) menggunakan kad debit yang MURAH (RM1 untuk setiap pengeluaran!! 


Sangat sesuai untuk individu yang menggunakan teknik OD+CC.
Interestnya pula seakan kad kredit - 15% p/a.


Sangat bahaya digunakan tanpa kawalan, tapi berguna untuk orang yang memanipulasi OD+CC.

Frequently Asked
Questions

• What is the RHB Debit Card
  that comes with Overdraft Facility?It is a clean overdraft facility that comes with
  a debit card. No collateral is required
• Who is eligible for RHB Debit Card that comes with Overdraft Facility?Anyone who is 21 years old and above with minimum income of RM36,000 per annum is eligible.
• What debit card can I tag to the account? The account can be tagged to either CashConnect MasterCard or Visa Debit Card. Both debit cards offer 0.5% cash back on retail spend (except e-debit). It can be used to withdraw cash via any ATM worldwide and can be used to make purchases at retail outlets, restaurants, and petrol stations and at any Master or Visa accepted merchants.
  When debit card is used, funds are automatically deducted from customer’s Current   Account  linked to the card.
• How do I get a RHB Debit Card that comes with Overdraft Facility?
  • Visit a RHB Bank branch nearest to you.
  • Fill up RHB Debit Card that comes with OD application form for application of Debit Card and overdraft
  • Fill up a Account Opening Form (IMP008A) when you open the Current Account.
• If I choose to change my current account linked to Cash Connect MasterCard or Visa Debit Card, what should I do? You are NOT allowed to change the Current Account for RHB Debit Card that comes with Overdraft Facility
• Where can I use my Debit Card that comes with the Overdraft Facility? You can use your Cash Connect Debit Card at any Merchant, which accepts Master Visa at over 29 million locations worldwide. You can also use your Cash Connect Debit Cards at any merchant with the MEPS logo accepted at over 26,000 locations locally, via your ATM PIN.
  For ATM transaction, you can use it at any ATM machine that displays the MEPS or Plus logo overseas.
  
• What are the benefits of having RHB Debit Card that comes with Overdraft Facility?
  • Convenience to pay for goods or services worldwide at 29 million merchant outlets that carry the Master or Visa logo within the selected daily spending limit of the cardholder.
  • Cash withdrawal transactions from ATMs subject to availability of funds in the designated Current Account and customers daily withdrawal limit.
  • The Cash Connect Debit cardholder will enjoy 0.5% cash back on any retail (except e-debit purchases) and the cash back will be credited into the designated Current account on monthly basis.
• What is my spending Limit on the Cash Connect Debit Card? For security control, cardholders are provided with an option to choose a daily spending limit for their retail purchases under the Master / Visa platform which is signature-based as follows:
  • RM1,000
  • RM3,000 (default)
  • RM5,000
  • Up to the available balance in the account (inclusive of OD)
  For withdrawal at ATM (defaulted ATM limit is RM3,000 for Debit Card) , the daily maximum limit is RM5,000 and customer may change his/her spending and ATM limit at the branch
  
• What are the charges imposed by the Bank for RHB Debit Card that comes with Overdraft Facility The charges are:
  1. Interest charge on OD: 15% per annum
  2. Over OD limit interest : 24% per annum
  3. Issuance fee of debit card : Waived
  4. Annual fee of debit card:
     RM20 for CashConnect Master
     RM20 for CashConnect Visa
  5. Card Replacement Fee: RM15
  6. Cash Withdrawal at MEPS ATMs: RM1.00 (per withdrawal)
  7. Cash Withdrawal at all other ATMs via Master/Visa network: RM8.00 (per withdrawal)
  8. Stamp duty on OD facility: As per Stamp Duty Act 1949
  9. Stamp duty of cheque book: RM0.15 per leave
• When can I start using my Overdraft Facility?A letter will be sent to you upon approval of your overdraft. You can utilize the overdraft upon receipt of the letter.  You can start using the overdraft via your Cash Connect Debit Card and / or cheque.
• Is there a repayment amount which I have to pay for the overdraft facility?Yes. You have to pay the interest charged on the utilized overdraft amount for the month. If there is no minimum repayment for 3 months, the overdraft facility will be recalled.
• How long does it take to receive a Cash Connect Debit Card?For personalized card, you will get your debit card within 14 business days via mail to your mailing address, or from the branch / centre where you applied for the debit card.
• When will my PIN Mailer arrive?For personalized card, RHB Card Centre will send the PIN mailer (separately from card) via mail to your mailing address upon card issuance.
• What should I do if I forget my Cash Connect Debit Card PIN?Visit your nearest RHB Bank branch to change the Debit Card.
• Can I open a joint current account and apply for the Overdraft facility?No. You cannot open a joint account to apply for this facility. This Overdraft Facility is for account in one name only.
• What should I do upon receipt of Cash Connect Debit Card?
  • Please visit any RHB ATM to change the PIN for activation on both ATM withdrawal and retail spend. You will then be able to use the Cash Connect Debit Card to utilize your Overdraft Facility.
  • Alternatively, you may contact our Call Centre at 03-9206 8118 to activate the retail spend on Cash Connect Debit Card immediately and change the ATM PIN later at any RHB ATM for activation on ATM withdrawal.
• What should I do if my Cash Connect Debit Card is lost or stolen?Notify our Call Centre at 03-92068118 immediately to block your Debit Card. A replacement card will be issued to you at your request and the replacement card fee of RM15.00 will be charged to your Current Account.
• Under what circumstances holding of funds transactions are required to be performed  to my current account?
  • Hotel – Amount depends on the duration of stay whereby upon check-in, pre-authorization amount will be charged. Upon checkout, the pre-authorization amount will be reversed and the actual amount will be charged.
  • Petrol transaction at the pump (outdoor) – Pre-authorization amount is RM200 but some petrol operators allow the cardholder to select the amount at the pump. Pre-authorization amount will be charged to customer’s banking account during the fill-up. The pre-authorization amount will then be reversed and the actual filled-up amount will be charged to customer’s bank account once the bank receives the actual filled-up amount from the acquiring bank. Average pre-authorization holding day is 14 days.
• What if my account balance is insufficient for renewal charges?If your account balance is insufficient to make payment for the renewal charges, your Cash Connect Debit Card usage will be blocked until the annual charge is successfully debited to your account.
• Can I use the Cash Connect Debit Card (& Overdraft facility) outside of Malaysia?Yes. You can use your RHB Debit Card that comes with Overdraft Facility abroad anywhere you see the Visa logo displayed at the shop. The card can be used for retail purchases at any Visa merchant and cash withdrawals any time at any ATM with the Visa logo. For usage of the MEPS ATM access, you need to activate the overseas flag prior to your departure. The activation process can be done through our 24-hour customer service center at 03-92068118.
• How to I terminate this overdraft facility?You have to go to any RHB branch and provide a letter of instruction to terminate the facility. You can only terminate this facility when there is no outstanding overdraft in your account.
• Can I use Easy Payment Plan (EPP) facility for purchases with my RHB Debit Card?No, the EPP is not applicable for Debit Card.

http://www.rhb.com.my/cards/benefits/life_is_like_a_game/Life-Like-A-Game-Application-Form.pdf

Posted in: Overdraft