New cashback twist, RHB Multi Currency Visa Debit Card targets frequent travelers

RHB Bank is sharpening its travel offering with the RHB Multi Currency Visa Debit Card, a multi-currency wallet card aimed at Malaysians who spend and withdraw cash overseas without hefty foreign exchange markups.

Edited by ad hoc news New Releases & Launches Desk. Reviewed before publication on 06/16/2026 at 2:09 AM ET. Details in the imprint.

RHB Bank is quietly leaning into travel spending with its RHB Multi Currency Visa Debit Card, a debit card linked to a multi-currency account that lets customers hold foreign currencies and spend overseas with lower foreign exchange friction. The product is pitched at Malaysians who regularly travel or shop online in foreign currencies and want more control over conversion rates than a standard debit card normally allows. According to the official materials, the card works with a multi-currency account that can hold several foreign currencies alongside the Malaysian ringgit balance, letting users switch and spend in supported currencies directly when traveling abroad or paying on foreign websites on RHB Bank's product information page.

How the RHB Multi Currency Visa Debit Card works and who it targets

The RHB Multi Currency Visa Debit Card is tied to the bank's multi-currency account, which offers sub-accounts in a range of major currencies in addition to the base Malaysian ringgit balance. Customers can transfer funds into foreign currency pockets ahead of a trip, locking in an exchange rate at the point of conversion and then spending abroad from that currency balance, rather than relying on the card network's dynamic conversion rate at the time of purchase. That structure is designed to appeal especially to frequent travelers, international students and consumers who shop on platforms that charge in US dollars, euros or other foreign currencies. RHB positions the multi-currency setup as a way to better manage travel budgets and reduce the uncertainty of fluctuating exchange rates across multiple trips and online purchases.

The card itself is issued on the Visa network, allowing point-of-sale and online transactions wherever Visa debit is accepted worldwide, as well as ATM withdrawals abroad. Because the transaction in a supported destination currency is debited straight from the relevant foreign currency pocket, customers can potentially avoid or reduce typical cross-border transaction fees and foreign exchange markup that would otherwise be applied to a standard ringgit-denominated card purchase. The bank also promotes the ability to monitor and manage these different currency balances from its digital channels, integrating multi-currency usage with its broader online and mobile banking experience. In practice, that means customers can top up, convert, and move funds between currencies without visiting a branch, which may be an important convenience factor for younger, digitally oriented travelers who manage their finances primarily via apps and web banking.

RHB has been highlighting digital capabilities and security features across its retail offering, including mobile banking enhancements such as biometric authentication using fingerprint and Face ID for access to its RHB Mobile Banking App, which is also relevant for managing multi-currency balances on the go. This type of biometric login is intended to add a layer of protection for sensitive actions like initiating currency conversions, reviewing overseas card transactions and controlling card settings through the app, in contrast to older authentication methods that relied heavily on passwords and simple one-time passwords sent via SMS as highlighted on RHB's official Facebook communication. At the same time, the bank is promoting savings behavior and deposit products to fund these multi-currency and travel-oriented services, for example via campaigns that reward customers for building up deposits, although the multi-currency card itself focuses more on how those funds are deployed once customers travel or transact in foreign currencies.

On the foreign exchange side, RHB publishes multi-currency deposit and conversion rates against the Malaysian ringgit, and the bank notes that the rates shown on its public channels are indicative and subject to change throughout the day. Those rates serve as a reference point for customers considering when to convert ringgit into foreign currencies within their multi-currency accounts, which in turn supply the spending power behind the Multi Currency Visa Debit Card when used abroad. Travelers timing their conversions can monitor how major currencies such as the US dollar or euro move relative to the ringgit, then decide when to allocate more funds into those pockets ahead of upcoming trips or online purchases, recognizing that the posted rates may differ from the exact rate applied at the moment of conversion for their specific transaction according to RHB's treasury rate overview. For customers planning extended stays overseas or recurring cross-border expenses, the ability to spread conversions over time may be a practical tool to manage currency risk and budgeting.

Within RHB Bank's broader retail strategy, the Multi Currency Visa Debit Card extends the bank's positioning in cross-border payments and digital banking by connecting its deposit base to travel and e-commerce use cases. The offering complements traditional savings and current accounts, wealth products and domestic payment services, reinforcing RHB's image as a full-service Malaysian bank that can support customers both at home and when they are overseas. For internationally minded consumers comparing banking options within Malaysia, the multi-currency card and account combination provides another data point alongside credit card rewards, foreign exchange remittance services and digital banking usability. Shares of RHB Bank's parent entity, RHB Bank Berhad (MYL1066OO009), last traded on Bursa Malaysia at MYR 5.32 on 06/13/2026.

RHB Multi Currency Visa Debit Card key facts

• Product: RHB Multi Currency Visa Debit Card
• Manufacturer: RHB Bank Berhad
• Category: New Release/Launch - banking card and multi-currency account
• Launch date: Not explicitly disclosed; offered as an active product in RHB's current multi-currency lineup
• MSRP / Price: Card and account fees subject to RHB Bank's prevailing tariff schedule in Malaysian ringgit
• Availability: Offered to eligible retail customers in Malaysia via RHB branches and digital channels
• Target audience: Frequent travelers, overseas students and consumers making regular foreign currency purchases
• Key differentiator / USP: Ability to hold and spend multiple foreign currencies directly from linked sub-accounts, aiming to reduce foreign exchange uncertainty and enhance control over cross-border spending.

This article was a.i.-assisted and editorially reviewed. Product information without warranty; prices and availability may change at short notice. Not investment advice and not a buy or sell recommendation. Trading involves risk up to and including the total loss of invested capital.