Cashback promotion for online account opening 

Get RM90 Cashback
with the AmOnline App!

Step 1

Open a current or savings account/-i via the AmOnline App.

Step 2

Maintain a Monthly-Average-Balance of RM1,000 in your account for 3 consecutive months

 

Rewards Up for Grabs

A total of RM900,000 cashback to be given away to 10,000 winners throughout the campaign!

 

Campaign Period: 1 August 2023 to 31 March 2024.

 

  1. This campaign is open to all New AmBank/AmBank Islamic Retail Banking customers.
  2. Customer must maintain a Monthly-Average-Balance (MAB) of RM1,000 for three (3) consecutive months to be entitled for the RM90 Cashback
  3. Cashback is fulfilled on a first-come-first-served basis.

 

Click here for full terms and conditions

 

Download the AmOnline app today!

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Freque​ntly Asked Questions
Click to read

​​
1. Who is eligible for this campaign?

This campaign is open to all new to AmBank/AmBank Islamic customers.

2. What are the Current/Savings Account/-i that are available on the AmOnline App?

You may sign up for any of the Account/-i of your choice from the list below:

  1. TRUE Savers Account/TRUE Savers Account-i
  2. eFlex Savings Account/ eFlex Savings Account-i
  3. AmPartner Account
  4. AmStar Current Account/AmStar Current Account-i
  5. AmWafeeq Savings Account-i
3. How do I participate in this campaign?

  1. Sign up for a Current/Savings Account/-i via the AmOnline App and
  2. Maintain a Monthly-Average-Balance (MAB) of RM 1,000 for 3 consecutive months.

(Only Applicable to Customers Onboarded from 1 November 2023 Onwards)

Example:
Customer opens a TRUE Savers Account/TRUE Savers Account-i via AmOnline on 10 November 2023

 

MAB of at least Ringgit Malaysia One Thousand (RM1,000-00) for three (3) consecutive months

Monthly Result

Nov’23

RM1,000

Qualified

Dec’23

RM2,000

Qualified

Jan’24

RM10,000

Qualified

RM90 in Cashback

Qualified

4. What happens if I failed to meet the Monthly-Average-Balance (MAB) in either of the first 3 consecutive months from the account opening?

(Only Applicable to Customers Onboarded from 1 November 2023 Onwards)

Example:
(i) Customer opens an AmWafeeq Savings Account-i via AmOnline on 10 December 2023

 

MAB of at least Ringgit Malaysia One Thousand (RM1,000-00) for three (3) consecutive months

Monthly Result

Nov’23

RM100,000

Qualified

Dec’23

RM500

Disqualified

Jan’24

RM20,000

Qualified

RM90 in Cashback

DISQUALIFIED

5. How is the Monthly-Average-Balance (MAB) calculated?

The MAB is calculated based on the below:

*Number of Days in the Month in the first participating month would be pro-rated based on the remaining days of the month upon successful onboarding and account opening of the customer.

Date Of Successful Onboarding

Number Of Days for MAB Calculation for First Participating Month

1 November 2023

30 days

15 December 2023

17 days

28 January 2024

4 days

6. How many winners will there be in this campaign?

A total prize pool of RM540,000-00 will be given to the first 6,000 winners throughout the campaign. Cashback will be fulfilled on a first-come, first-served basis.

7. When will the cashback be credited?

Within 4 weeks after the criteria is met.

8. What would the Participation Period be if I open my account via AmOnline App?

The Campaign shall run according to the following periods and their corresponding Participating Month.

Customer Onboarding Month

Participating Month

1 Aug – 31 Aug (2023)

August (2023), September (2023) & October (2023)

1 Sept – 30 Sept (2023)

September (2023), October (2023) & November (2023)

1 Oct – 31 Oct (2023)

October (2023), November (2023) & December (2023)

1 Nov – 30 Nov (2023)

November (2023), December (2023) & January (2024)

1 Dec – 31 Dec (2023)

December (2023), January (2024) & February (2024)

1 Jan – 31 Jan (2024)

January (2024), February (2024) & March (2024)

1 Feb – 29 Feb (2024)

February (2024), March (2024) & April (2024)

1 Mar – 31 Mar (2024)

March (2024), April (2024) & May (2024)

9. I opened my account via AmOnline App during the period of 1st August 2023 – 31st October 2023. What is the criteria to be eligible for the cashback?

If you signed up for an eligible account via the AmOnline App during the period of 1st August 2023 – 31st October 2023 you will need to:

  1. Sign up for a Current/Savings Account/-i via the AmOnline App,
  2. Maintain a Monthly-Average-Balance (MAB) of RM 1,000 for 3 consecutive months and
  3. Performs a minimum of one (1) bill payment monthly for three (3) consecutive months (applicable to bill payments for billers listed on AmOnline Bill Payment webpage or JomPAY billers)

Example:

(i) Customer opens a Basic Savings Account/ Basic Savings Account-i via AmOnline on 30th August 2023.

 

 

MAB of at least Ringgit Malaysia One Thousand (RM1,000-00) for three (3) consecutive months

Performs a minimum of one (1) bill payment monthly for three (3) consecutive months

Monthly Result

Aug’23

RM1,000

Qualified

Sept’23

RM2,000

Qualified

Oct’23

RM10,000

Qualified

RM90 in Cashback

QUALIFIED

 

 

(ii) Customer opens an AmWafeeq Savings Account-i via AmOnline 1st August 2023

 

 

MAB of at least Ringgit Malaysia One Thousand (RM1,000-00) for three (3) consecutive months

Performs a minimum of one (1) bill payment monthly for three (3) consecutive months

Monthly Result

Aug’23

RM1,000

Qualified

Sept’23

RM100

Disqualified

Oct’23

RM10,000

Qualified

RM90 in Cashback

DISQUALIFIED

 

 

(iii) Customer opens a AmWafeeq Savings Account-i via AmOnline 15th October 2023

 

 

MAB of at least Ringgit Malaysia One Thousand (RM1,000-00) for three (3) consecutive months

Performs a minimum of one (1) bill payment monthly for three (3) consecutive months

Monthly Result

Oct’23

RM5,000

Qualified

Nov’23

RM20,000

Qualified

Dec’23

RM10,000

X

Disqualified

RM90 in Cashback

DISQUALIFIED

 

Skip the queue and open an account/-i on the AmOnline app today!
 
Launch your AmOnline app and follow the step-by-step below:
step-by-step

 

Enjoy these promotions when you open a current or savings account/-i with us!

 
 
Get higher returns up to 6.50% p.a. with a TRUE Savers Account/-i
 
 
Win a Mercedes EQS, holiday getaway or cash vouchers with an AmWafeeq Savings Account-i
 
 
Seize your golden opportunity when you deposit fresh funds with AmBank!
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