Better manage foreign funds online with no unnecessary fees.
Imagine a world where your bank account is your global wallet. With ZERO fees, you can now grow your savings at GREAT Forex e-Rates with Alliance XChange (online FCA/FCFD) via allianceonline (personal online banking).
Types of Account
Alliance XChange Account (online foreign currency account; FCA)
This is an online interest-bearing foreign currency denominated current account (FCA) which offers up to 9 foreign currencies (USD, GBP, AUD, SGD, EUR, JPY, NZD, HKD and CAD).
What's more?
Alliance XChange Fixed Deposit (online foreign currency fixed deposit; FCFD)
This is an online foreign currency fixed deposit account which offers 7 different foreign currencies (USD, GBP, AUD, SGD, EUR, NZD and CAD).
Well, what are you waiting for? Open an Alliance XChange account/fixed deposit today at allianceonline (personal online banking).
Note: Protected by PIDM up to RM250,000 for each depositor. View PIDM brochure in your preferred language here.
Open an Alliance XChange Current Account/Fixed Deposit (Online FCA/FCFD) NOW!
Interest Rate (%p.a.)
The revised rates will take effect from 29 June 2020.
Effective Date: 29 June 2020
Click here if you cannot view the Terms & Conditions in below section.
The product proposition of Alliance XChange account removes the pains that many foreign currency account holders or potential foreign currency account holders face today:
Individual customers who are aged 18 years and above with an active Alliance Bank MYR Current/Saving(s) account (conventional account only) and had successfully registered for allianceonline.
The account can only be opened via allianceonline. Account opening is completed upon successful debiting of the MYR Current/Saving(s) account and crediting the funds into the Alliance XChange account base on prevailing FX exchange rate.
Initial deposit starts from 500 in foreign currency denomination, for example USD 500 except for Japanese Yen at JPY 20,000. Alliance XChange Fixed Deposit would be 2,500 in foreign currency denomination, e.g. USD2, 500.
Subsequent deposit from an MYR Current/Saving(s) account into Alliance XChange account starts from RM100.
Alliance XChange transactions can only be performed via allianceonline from 9.30 am to 4.30 pm. on business days in Kuala Lumpur.
There are various uses of a foreign currency account including:
Operation of a foreign currency account is subject to the Foreign Exchange Administration Rules as determined by the Foreign Exchange Administration (FEA) Department of Bank Negara Malaysia (BNM). For more info, visit BNM website. [Click here]
Yes. You can enjoy special Forex Rates called e-Rates when you convert online.
Yes. You can still choose to perform a transaction at the branch, e.g. sending/receiving a Foreign Telegraphic Transaction, currency conversion and account closing. All prevailing standard rates, fees and charges for OTC transactions at the branch shall apply. Please note that e-Rates are only applicable for transactions done with allianceonline.
Interest will be credited at the end of every month and paid in the respective foreign currency.
Latest interest rates can be obtained at Alliance Bank branches or website. [Click here]
This is a "ZERO FEE" account. No fees will be charged for account opening and maintenance of the account.
Withdrawals can only be made through the following methods:
There shall be no currency notes and coins transacted or dealt with in respect to the account.
No. You will not have to convert back to MYR, and the Telegraphic fund Transfer is straight through from the Alliance XChange account. You only need to pay for cable charges and all standard remittance commission charges. For fees and charges on remittances, kindly [Click here].
Call us up at 03-5516 9988 (Personal) / 1-300-80-3388 (Business) and we'll be happy to help you out.