RHB Business Account review [2027]: Features, fees and more

Get the details on fees, eligibility and international payment features of the RHB Business account in this review

Key takeaways

• RHB Business Current Account offers conventional and Shariah-compliant options, with online banking through RHB Reflex
• The current account requires an initial deposit of RM1,000 or RM3,000, depending on the business type
• The World Account by WorldFirst is a multi-currency account for sending, holding, converting and receiving international funds

RHB Business Current Account allows business users to conduct international and domestic transactions via conventional and Shariah-compliant accounts.¹ It also offers cheque facilities, multi-user access controls through RHB Reflex and more.¹  But, the account comes with an initial deposit starting at RM1,000, and carries a RM5 monthly fee when the daily average balance falls below this level.^1,2

What is the RHB Business Current Account?

RHB Bank Berhad is a Malaysian financial institution within the RHB Banking Group.⁴ Its RHB Business Current Account supports everyday business banking for sole proprietors, partnerships and private limited companies.¹  Businesses can choose between conventional and Islamic account variants, access online banking through RHB Reflex and receive monthly statements.^1,2  Eligible deposits are protected by PIDM up to RM250,000 per depositor.¹

Types of RHB business accounts

1. RHB Business Current Account

The RHB Business Current Account supports daily transactions and cash flow tracking for Malaysian businesses.¹  It connects with RHB Reflex for online banking, while the optional Reflex Premium Plus package provides additional accounting and HR integrations.¹  The minimum initial deposit is RM1,000 for sole proprietorships and RM3,000 for other businesses and companies.¹

Businesses can also receive monthly e-Statements or can download monthly statements through RHB Reflex Business Internet Banking.¹  Physical statements are also available from their home branch.¹

2. RHB Business Current Account-i

The Islamic variant provides business current account services in accordance with Islamic banking principles.²  It offers the same features as the business current account but for businesses seeking Shariah-compliant banking alongside digital access through RHB Reflex.²

3. RHB Multi-Currency Account

RHB’s separate Multi-Currency Account allows businesses to hold up to 33 foreign currencies including USD, AUD, EUR, GBP, HKD, SGD and precious metals, including Paper Gold and Paper Silver, under one account.⁵  Businesses can convert supported currencies and use call or term deposit options, subject to the applicable terms.⁵  Users must note that opening a business Multi-Currency Account requires a Ringgit savings or current account with the same branch.⁵

An RHB Multi-Currency Visa Debit Card is also available with the multi-currency accounts.⁵  There are two types of multi-currency accounts users can choose from⁵:

• Individual (INDA – Investment Multi Currency Account): For residents and non-residents to retain overseas funds, hold foreign currency for investments, and set aside money for education or overseas salaries
• Individual Export Proceeds Account (INEX – Trade Multi Currency Account): For residents and non-residents to retain export proceeds. This account is not eligible for the Multi-Currency Visa Debit Card

→ Know more about the RHB Multi-Currency Account

4. RHB Reflex and Reflex Premium Plus

RHB Reflex is the bank’s online cash management platform for business banking.⁶  It supports account enquiries, international fund transfers, bill payments, collections and payment notifications, with mobile access through the RHB Reflex app.⁶ Users can also make multiple payments to suppliers or creditors simultaneously, with API and file import options for payment processing.⁶  Reflex Premium Plus adds business tools, including accounting, HR and payroll integrations.⁷  It also includes access to RHB Merchant Terminal, RHB Corporate Card and RHB Insurance.⁷

Quick look: Pros and cons of the RHB Business Current Account

RHB Business Current Account fees and service charges

*Fees checked in October 2026

Key features of the RHB Business Current Account

Online banking and digital payments

RHB Reflex provides online access to account balances, transaction activity, fund transfers, bill payments and collections.⁶ Its mobile app supports business banking on iOS and Android.⁸ Businesses can also use RHB Reflex DuitNow QR to collect payments from participating banks and e-wallets.⁶

→ Learn more about international payment methods in this guide

Multi-user access and approval workflows

RHB Reflex supports corporate users with assigned access rights.⁶  Businesses can configure roles such as administrator, data entry user, authoriser and inquirer via RHB Reflex.⁶

Debit card and cheque book

RHB’s business banking offering includes access to debit card and cheque book facilities, subject to the account variant and applicable terms.^1,5

How to open an RHB Business Current Account

1. Submit the application: Complete the online application and provide the requested business details.
2. Prepare documents: Depending on the entity, these may include business registration records, identification documents, a board resolution and the required account opening forms.
3. Visit a branch: Some applicants may have to make one branch visit for thumbprint verification and submission of additional documents.
4. Fund the account: Deposit RM1,000 for sole proprietors or RM3,000 for other businesses and companies when opening the RHB current account for business.

The World Account: A multi-currency account provider for Malaysian businesses

The World Account is a multi-currency account by WorldFirst, an international payments provider which can work with a Malaysian business bank account for cross-border payment flows. Businesses can receive funds through local USD and MYR receiving accounts, hold balances in those currencies, convert supported currencies and send payments in USD, MYR and CNH. The multi-currency account also supports payouts from 130+ marketplaces and payment gateways.

Key features of the World Account

• Receive international payments in USD and MYR through dedicated local account details that let customers pay you as they would a local business
• Accept payouts from 130+ marketplaces, e-commerce platforms and payment gateways, including Amazon, Lazada, Shopee and Stripe
• Hold incoming USD and MYR balances without converting them immediately
• Convert funds between USD, MYR and CNH as needed
• Send international payments in USD, MYR and CNH
• Pay suppliers on 1688.com through World Pay, the authorised international payment provider for 1688.com
• Use Firm Orders to place orders for USD, MYR and CNH currency conversions

FAQs

1. What is the minimum deposit for an RHB Business Account?

The initial deposit is RM1,000 for sole proprietors and RM3,000 for other businesses and companies.¹

2. Can I open an RHB Business Account online?

Eligible new customers can submit an application through RHB’s online portal.1 One branch visit is required for thumbprint verification and additional documents.³

3. Does RHB offer a Multi-Currency Account?

Yes. RHB offers a business Multi-Currency Account supporting up to 33 foreign currencies and precious metals, subject to its terms and eligibility requirements.⁵

Sources

1. https://www.rhbgroup.com/business/sme-banking/deposits/current-account/index.html
2. https://www.rhbgroup.com/others/service-charges/index.html
3. https://www.rhbgroup.com/smeonline/index.html
4. https://www.rhbgroup.com/others/about-us/who-we-are/index.html
5. https://www.rhbgroup.com/personal/deposits/multi-currency-account/overview/index.html
6. https://www.rhbgroup.com/business/reflex/index.html
7. https://www.rhbgroup.com/business/internet-banking/reflex-premium-plus/index.html
8. https://www.rhbgroup.com/-/media/Microsites/myreflex/files/RHBReflexSecurePlusReferenceGuideV10.pdf

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.