Understand what you are reading before you sign up. Search a term or browse by topic.
One protection or transaction limit applied to balances or activity combined under the rule, rather than separately to each pocket or account.
Several savings pockets at the same member bank do not each create a new PIDM limit.
The standard account return before any promotional bonus. This is different from a lending reference rate.
An offer of 2% base plus 1% bonus totals 3%, if you qualify.
A bank’s standard published rate for a product, outside a special campaign or personalised offer.
A fixed deposit may renew at the board rate, which can be lower than the promotional rate.
An extra return available only when you meet the stated conditions.
Keeping funds for the full tenure may be necessary to earn the bonus.
The most cashback you can receive within the stated period.
5% cashback capped at RM10 stops rewarding you after RM200 of eligible spending.
Earning a return on earlier earnings as well as on your original money.
If interest stays in the account, later interest may be calculated on a slightly larger balance.
A waiting period before a banking action becomes available. Its purpose, restrictions and length depend on the bank and action.
After a security-detail change, some outgoing payments may be blocked even though money can still come in.
Permission for an organisation to collect payments from your account under an agreed arrangement.
A utility provider collects your bill. Check the amount and how to cancel the instruction.
An account status that may apply after a stated period without customer-initiated activity. It can affect access or fees under the account terms.
Check what counts as activity, when a fee starts and how to reactivate or close the account.
A Malaysian transfer service that can use a registered identifier, such as a mobile number, to find the receiving account.
Check the displayed recipient name before confirming payment.
An overseas merchant or ATM converts a foreign-currency charge into ringgit before it reaches your bank. The offered exchange rate can include an extra margin.
Compare the ringgit amount with paying in the local currency and letting your card network and bank convert it.
A fixed deposit placed electronically; eIFD-i is the Islamic version. The exact contract, tenure, early-withdrawal rule and return still come from the bank’s product terms.
A campaign may accept only a new placement made through online banking during its offer period.
A rate intended to reflect borrowing cost more meaningfully than a flat headline rate. EIR is used for interest; EPR for Islamic profit. Check the product’s calculation and fee treatment.
Compare total repayments and EIR or EPR for the same amount and tenure.
Electronic know-your-customer: checking your identity remotely when you open or use an account.
You may be asked to photograph your MyKad and take a selfie in the official app.
A purchase or payment that counts under an offer’s rules.
A promotion may exclude e-wallet top-ups or government payments.
A deposit placed for a chosen period under agreed interest or Islamic profit terms. The “-i” identifies an Islamic banking product; it does not mean a different insurance limit by itself.
Withdrawing before maturity can reduce or remove the return. Read the product terms.
Interest calculated using the original loan amount rather than only the balance still owed.
A flat rate and an effective rate with the same percentage do not mean the same cost.
An online payment service that moves money from a participating bank account to a merchant or service provider.
A bank may use FPX to verify and fund a new account; keep the receipt if the account is not credited.
Money that meets a bank’s definition of newly brought-in funds.
A transfer from another bank may qualify; moving money between your own accounts at the same bank may not.
A gift a bank may choose to give. Under a Qard savings account, it is discretionary rather than a promised return.
A past hibah payment does not mean the same amount or rate will be paid next month.
A rebate that reduces the bank’s remaining sale profit in an Islamic financing settlement or other situation covered by the terms.
Ask for a dated settlement figure showing the rebate rather than estimating it yourself.
A scheduled interbank transfer that follows processing windows. It is different from an instant DuitNow Transfer.
Check the transfer method on your receipt before using an IBG arrival timetable.
A Malaysian bill-payment service that uses a biller code and reference numbers supplied by the biller.
Check all reference numbers before confirming because they tell the biller whose account to credit.
A period during which withdrawing or ending a product early can affect your return or trigger a charge.
Check whether early access is allowed and what you would lose.
Malaysia’s deposit insurer. Eligible deposits at member banks are protected within defined limits if a member bank fails.
Protection is generally up to RM250,000 per depositor per member bank; eligible Islamic and conventional deposits have separate limits.
Maturity is the end of a fixed deposit’s agreed period. Renewal means placing the money into a new tenure, often at the rate available then rather than the old campaign rate.
Check whether principal and earnings are paid out or renewed automatically.
A shared Malaysian ATM network that lets customers use participating banks’ machines, subject to the bank’s access and fee rules.
A withdrawal can be possible at another bank’s ATM but still carry a fee.
The amount you must keep to meet a particular account or reward condition.
Falling below it may affect fees or rewards, depending on the terms.
An Islamic sale contract in which an asset is sold at a disclosed cost plus profit. Banks can use it within a Tawarruq arrangement for deposits or financing.
The contract structure does not by itself tell you the everyday profit rate, access rules or total financing cost.
A service that may let you withdraw cash at a participating merchant when making a MyDebit purchase, subject to availability and limits.
Ask the merchant whether the service is available and check your bank’s charge before relying on it.
A secret code used once to confirm an action. A bank, police officer or NSRC agent should not ask you to read it to them.
Never tell a caller an OTP, even if they claim to work for your bank.
Bank Negara Malaysia’s policy interest rate. A loan’s reference rate may move after an OPR change, but the contract says how and when your rate or payment changes.
Do not assume that every savings or loan rate moves by exactly the same amount as the OPR.
Per year. A rate is annual even when earnings are paid daily.
RM1,000 at 3% p.a. earns roughly RM30 over a full year, before compounding.
A temporary amount a merchant reserves on your card before the final charge is known. The unused amount is released under the card and merchant rules.
A petrol pump may reserve more than the fuel purchased, temporarily reducing the balance you can spend.
The original amount deposited or borrowed, before interest, profit or fees.
If you borrow RM5,000, the starting principal is RM5,000.
A bank summary of a product’s key features, costs, risks and obligations. Read it with the full terms and your personalised offer.
For a loan, compare the PDS figures with the repayment schedule before accepting.
The rate used to describe returns or financing costs for an Islamic banking product, subject to its contract.
Check whether the displayed savings profit rate is indicative, promotional or contractually agreed.
A loan contract. In a Qard-based bank deposit, you lend money to the bank and the bank must repay the principal under the account terms.
The bank may give discretionary hibah, but you cannot assume a fixed savings return.
A contractual right allowing a bank to use money it holds for you to reduce an amount you owe it, subject to the agreement and applicable notice.
Before relying on a savings balance for bills, understand whether a lender can apply it to arrears.
An instruction you set for the bank to make recurring payments.
Transfer RM200 to your savings account on the same date each month.
Shariah-compliant protection based on participants contributing to a shared fund. In financing, check whether it is required, optional, what it covers and who receives a benefit.
Do not confuse borrower takaful with a guarantee that protects the lender against loss.
An Islamic arrangement using a sequence of commodity sales to create a deposit return or financing amount. The product terms still determine the rate, fees and access.
Ask what you earn or repay in ringgit; the contract name alone does not answer that.
The length of a deposit or financing arrangement.
A six-month deposit tenure and a five-year loan tenure describe different commitments.
An agency arrangement in which you appoint another party to carry out a stated task. A disclosed agency fee may apply.
In commodity financing, the bank may be appointed to conduct transactions on your behalf.
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Definitions simplify the concepts; the exact product contract controls. PIDM definition: official deposit-protection guidance. Qard and hibah: KAF’s official explanation. Promotion examples are illustrative unless explicitly linked to an offer.