RHB Bank Information
RHB Bank is an integrated Malaysian bank founded in 1983 and its core businesses are structured into five business pillars, namely Group Community Banking, Group Wholesale Banking, Group Shariah Business, Group International Business and Group Insurance. RHBs presence currently spans 7 countries in the ASEAN region in Thailand, Laos, Cambodia, Singapore, Brunei, Malaysia and Indonesia. It provides banking and financial services to personal, business and Islamic clients.
Furthermore, the bank is well regulated byLFSA (Labuan Financial Services Authority), which guarantees a certain level of legal compliance and customer protection.
Pros and Cons
Is RHB Bank Legit?
RHB Bank is regulated by LFSA (Labuan Financial Services Authority) currently, assuring investors about its compliance to industry standards and financial rules.
What Can I Trade on RHB Bank?
RHB Bank offers a wide range of financial services to different customer groups.
Includes deposit accounts (current, savings, fixed, multi-currency), credit cards, and financing options like home, personal, and auto loans. Investment choices cover unit trusts, structured products, metals and bonds. Insurance options range from life to general insurance.
Investors can bank with them by online banking, mobile banking, self-service banking or counter.
- Business Banking: Provides business accounts, financing solutions (like SME loans), commercial cards, merchant terminals, and trade financing etc.
- Islamic Banking: Features Shariah-compliant accounts, financing (home, auto, business), investments (unit trusts, structured products), and takaful insurance.
- Foreign Exchange: Offers investment, hedging, and real-time FX services.
- Other Services: Includes trade financing, asset management, and SME sustainability resources, etc.
Trading Platform
Apart from online banking via the web, RHB Bank also provides a Mobile App that can be used on iOS and Android phones.
To use the app, your devices should not be jail-broken or rooted, you must have a stable internet connection, and run on the latest operating system—iOS 14.0 or above for Apple devices, and Android 9.0 or above for Android devices.
The app is said to be accessible worldwide as long as you have a stable internet connection. New users need to register via the app or the RHB online banking website with an RHB debit, credit or prepaid card.
Regular maintenance of the app will occur daily from 12:00 AM to 12:10 AM (GMT+8). If your registered mobile number is outdated, you need to visit a local RHB branch to update it.
Customer Support Options
You can contact RHB Bank through various methods, including phone, email, and social media. For specific contact details for different business units and branches, visit https://www.rhbgroup.com/others/contact-us/index.html.
To find a branch or ATM, use the RHB branch locator.
The Bottom Line
RHB Bank, a well-integrated financial institution based in Malaysia, extends its services across seven ASEAN countries. It offers a comprehensive range of banking and financial solutions tailored to personal, business and Islamic clients. The bank's operations are further strengthened by regulations from the Labuan Financial Services Authority (LFSA). Generally speaking, RHB Bank is trustworthy for you to try to engage in new financial activities.
FAQs
Is RHB Bank safe?
Yes, the bank is well regulated by LFSA, which guarantees some level of customer protection and security.
Is RHB Bank good for beginners?
Yes, the bank's services cover personal, business and corporate. Beginners can start with a bank card.
What trading platform does RHB Bank have?
RHB Bank offers an online banking terminal and a mobile app available on iOS and Android phones.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
