KUALA LUMPUR: RHB Islamic Bank today signed a strategic partnership with Brainy Bunch International Montessori to inculcate the habit of saving money in children.
In a statement today, RHB Islamic said the partnership will see a three month long Current Account Savings Account (CASA) Campaign Promotion for students as well as parents and staff of Brainy Bunch through the RHB Children Account-i and RHB Smart Account-i.
The RHB Children Account-i and the RHB Smart Account-i are Islamic accounts under the Commodity Murabah (cost plus profit) concept. These accounts can be opened online with a minimum of RM20.00 and RM1,000.00 respectively.
RHB Islamic managing director Datuk Adissadikin Ali said, “RHB is a bank that focuses on driving financial literacy in our pursuit to nurture our future generation, therefore, the collaboration with Brainy Bunch is an effort to inculcate the habit of savings among children, a step that would help them better manage their finances in the future.”
“RHB Islamic aims to obtain 3,100 more new accounts for the RHB Children Account-i and RHB Smart Account-i throughout the campaign period. With the RHB Children Account-i that was recently introduced, parents can assist their children in opening an account with minimal deposit,” he said.
Brainy Bunch Sdn Bhd founder and chief executive officer Mohd Fadzil Hashim said the strategic partnership with RHB augurs well with the company’s massive expansion nationwide.
“Access to dedicated banking services and financing will assist us to be more efficient and help us to maintain and upgrade our services to parents and our students.
“Parents need to open a bank account for their children in order to receive this offer. The coin box will motivate our students to learn the importance of savings and ‘Sadaqah’,” he said.
New Islamic account holders will be eligible to a sign up gift with a minimum placement of RM200.00.
The partnership will see RHB providing sufficient back-ups to Brainy Bunch to facilitate the opening of junior savings account onsite and merchant terminals at Brainy Bunch’s main campus as well as high volume branch campuses.
RHB is also providing its e-commerce platform to facilitate internet payments by parents and vendors at Brainy Bunch’s campuses.
The Easy Payment Scheme will be offered to parents for payment of school fees and incidental cost.
Brainy Bunch will also be get to enjoy RHB’s Corporate Employees Privilege Scheme for 700 of its staff force.
RHB has also approved financing line to Brainy Bunch to finance the construction of its main campus in Putrajaya and branch campus in Ampang Point.