As Malaysians transact more than ever before, alrajhi bank Malaysia today launches Hi MY alrajhi Save & Earn, a multi-reward campaign designed to celebrate and supercharge the nation’s shift to digital banking–just as it rolls out its fully refreshed MY alrajhi app.

Digital payments are booming; online banking grew 24% last year, with mobile banking now accounting for 62% of all online transactions–up from 50% in 2023. Meanwhile, the average Malaysian conducts 409 e-payments annually, more than one per day, marking a 19% year-on-year rise in 2024. Against this backdrop, MY alrajhi combines intuitive design with enhanced features that make saving, paying, and managing money effortless.

“Today’s launch comes at a pivotal moment in Malaysia’s digital journey,” said Syahrul Ishak, Chief Executive Officer of alrajhi bank Malaysia. “With the revamped MY alrajhi app, we are not just offering convenient banking; we are also rewarding every customer’s step towards a more connected financial life. Hi MY alrajhi Save & Earn amplifies that promise–because every ringgit saved or spent should bring you closer to your goals”.

Campaign Highlights
New and existing customers can unlock higher returns and global spending perks with alrajhi bank Malaysia’s exclusive term deposit rates and overseas cashback:

• Special Term Deposit-i Rates – Secure rates up to 3.80% per annum when you place Term Deposits via the app from 25 June to 31 August 2025. The special TD-i rates are available up to a total cap of RM500 million or until 31 August 2025, whichever is earlier.
• Spend Overseas & Earn – Enjoy 1% cashback on all foreign currency spending using your alrajhi bank Malaysia debit card, online or in-store.

Welcome rewards for new customers
For those new to alrajhi bank Malaysia, the campaign brings in a warm hello with the following welcome treats:
1. RM18 cash reward when you open your first DuitPlus Savings Account-i and maintain a minimum RM500 month-end balance in your first month.
2. RM5 cashback when you make your first DuitNow QR payment of at least RM20 to any merchant within the same month.

Ongoing rewards for DuitPlus Savings Account-i users
The campaign is packed with monthly opportunities to save and earn with everyday transactions:
1. DuitNow QR & Earn – Up to RM5 cashback monthly for QR payments to merchants of RM10 or more.
2. Link & Earn – A RM5 one-time cashback when you link your DuitNow ID to your DuitPlus Savings Account-i and receive a successful credit transaction.
3. Transfer & Earn – Enjoy RM2 cashback monthly for making 2 or more interbank fund transfers (minimum RM50 each) for credit card or financing payments.
4. JomPAY & Earn – Get up to RM15 for registering 3 new JomPAY billers and making at least one JomPAY transaction to each, monthly.

With a first-come, first-served cap on each offer, Malaysians are encouraged to start transacting sooner. Ready to turn every Ringgit into a win? Download the all-new MY alrajhi app today and let your everyday banking reward you.