While AEON Bank launched with a whole list of attractive features back in May, most of its offerings have come to an end. The digital bank’s profit rate of 3.88%, as well as the ability to get three AEON points for every RM1 spent, were part of its launch promo, which recently just ended on 31 August 2024.
With the new promo, which will last until 31 December 2024, the profit rate for AEON Bank customers has been reduced to 3%. Moreover, the profit rate is now only applicable for funds in savings pots, while funds in a user’s Savings Account-i are no longer eligible for the interest.
For those who enjoyed earning points using the digital bank’s debit card, this news might be disappointing for you. Customers can now only earn one point for every RM1 spent instead of three points. As for new users, the signup bonus of 3,000 points has been reduced to 1,000 points and the Points Programme membership fee waiver has been scrapped.
It’s not all bad news, however, as AEON Bank did add some extra perks to replace the previous ones. Through the debit card, users can get two hours of free parking at AEON Malls, along with a waiver for the 1% service fee for overseas transactions and a RM5 processing fee for international cash withdrawals instead of RM10.
[UPDATE: 4:48 PM, 4 September 2024] We would like to correct one part of our article. AEON Bank’s Savings Account-i still offers a profit rate of 0.88%, instead of offering no profit as previously stated.
(Source: AEON Bank)
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