AEON Bank: Malaysia’s Islamic digital bank
How AEON Bank’s Savings Account-i and promotional Savings Pot rate work, who can apply, and the fees AEON publishes.
Eligibility
The official FAQ, in one place, says you must be 18 or older, hold no existing AEON Bank Savings Account-i, and be either:
1) Malaysian, or 2) a Japanese AEON employee with PR status who has lived in Malaysia for at least 182 days, or 3) a Japanese AEON employee who does not reside in Malaysia but has a valid work visa or permit.
Malaysians use a MyKad or MyTentera. The Japanese-employee route uses a passport. This is a narrow official exception — it is not a general PR or foreigner product. Ordinary PR holders should not assume they can apply.
Activation on the official deposit page is described as a minimum RM1 transfer. A separate FAQ also describes an RM20 amount that must stay in Savings Account-i for the account to remain active and cannot be spent (you may withdraw it when you close). Read both answers on the official FAQ before you fund the account.
Profit rates and the RM20 detail
| Product | Promotional profit rate | Prevailing profit rate |
|---|---|---|
| Savings Account-i | — | 0.25% p.a. |
| Savings Pot | 3.00% p.a. | 0.25% p.a. |
Source: aeonbank.com.my/deposit. The 3.00% column is labelled as a promotion. The page did not display an end date — confirm it on AEON’s deposit page.
There is no fee to open a Savings Account-i, according to the FAQ. Closing within three months of opening costs RM20.
Cooling-off, financing and support
After you change your mobile number, bound device or password, AEON places you in a 12-hour cooling-off period. During that window you cannot make outgoing DuitNow transfers, DuitNow QR payments, or debit-card transactions (including ATM withdrawals). You can still receive funds.
Personal financing is a separate product: AEON Bank Personal Financing-i. AEON Credit Service is a different company.
Official support: +603-4816 8888, customer.support@aeonbank.com.my.
FAQs
Is AEON Bank Shariah-compliant?
Yes. It is licensed as an Islamic digital bank under the Islamic Financial Services Act 2013.
Can I apply if I am not a Malaysian citizen?
Only if you fit the official Japanese AEON-employee exceptions in the FAQ. There is no general foreigner route stated there.
Is the 3.00% rate guaranteed?
No. The official table labels it as a promotional profit rate on Savings Pots. The prevailing rate listed for Pots is 0.25% p.a.