AmBank Group has introduced a new campaign offering a 2% per annum bonus rate on its Foreign Currency Current Account (FCCA) and Foreign Currency Current Account-i (FCCA-i).
The campaign applies to accounts denominated in USD, AUD, and GBP, and runs from 23 February 2026 to 31 July 2026. To qualify, customers must open the account through AmOnline, the bank’s online banking platform.
How The Bonus Works
Customers who open a new FCCA or FCCA-i in USD, AUD, or GBP via AmOnline during the campaign period will earn a 2% p.a. bonus rate on balances above 1,000 units of the respective currency. Balances of 1,000 units or below do not qualify for the bonus.
The bonus is calculated daily based on the account’s end-of-day balance, meaning customers earn the promotional rate for each day their balance remains above the 1,000-unit threshold.
The calculation basis differs by currency. For AUD and GBP accounts, interest is calculated on a 365-day basis, while USD accounts are calculated on a 360-day basis, in line with standard US dollar market convention.
Bonus Credited In Ringgit
The promotional bonus is not credited directly into the foreign currency account. Instead, AmBank converts the earned amount into Malaysian Ringgit (MYR) using the monthly average exchange rate and credits it into the customer’s MYR account in the following month.
For example, a USD5,000 balance would generate USD100 annually at a 2% rate, or approximately USD8.33 per month before conversion. A larger balance of USD250,000 would generate USD5,000 annually, with the equivalent amount converted monthly into MYR.
Campaign Duration And Eligibility
The bonus rate applies from the date the account is opened until 31 July 2026. After that, the account will revert to the prevailing board rate.
Customers who open their accounts earlier in the campaign period will qualify for a longer duration of the promotional rate. An account opened in March would earn the bonus through July, while one opened in June would receive it for roughly two months.
The campaign is open to all individual retail banking customers who open a new FCCA or FCCA-i in the eligible currencies via AmOnline during the promotional period. AmBank Group employees and their immediate family members are also eligible. Both conventional and Syariah-compliant account options are available.
Putting The 2% Rate In Context
A 2% p.a. bonus rate on a current account is relatively uncommon, as such accounts typically offer minimal returns. In this case, the promotional bonus forms the primary return component.
The overall benefit depends on currency exposure. Customers who already hold USD, AUD, or GBP, or who have upcoming commitments in those currencies, may find the campaign more relevant. Those converting MYR into foreign currency specifically to participate would need to consider exchange rate movements, which could offset or exceed the 2% bonus.
The account can be opened through AmOnline, and full campaign terms and conditions are available on AmBank’s website. For further enquiries, customers may contact AmBank’s Corporate Services Contact Centre at 03-2178 8888, available daily from 7am to 11pm, or email customercare@ambankgroup.com.
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