I’ve been using the services of RHB Bank for over 2 years now. I had to open an account with them when my present company used them to bank in our monthly salaries. They were okay in the beginning until they started implementing a service charge for the My1 account if your average balance falls below RM5,000/mth. They’ll take off RM5 each month if that happens and while that doesn’t seem like all that much, it works out to a hefty RM60 a year! I’ve now found out that most banks do that nowadays which is quite a pain as we shouldn’t be charged for keeping our money with them!

Service wise though, the bank is pretty okay. I like their online system which allows you to even place FDs online which is very helpful for people like us who can’t make it to the bank on their normal working hours.

So pros and cons I guess. If you can keep your monthly balance above RM5,000 then it isn’t too bad a bank!