At KAF Digital Bank (KAF DB), we offer tiered savings accounts tailored to meet your financial needs. Whether you choose the Basic Savings Account-i or upgrade to the Premium Savings Account-i, we guarantee you'll have a top-notch banking experience. 

Here's an overview of the tier levels, with the required information for each account type, and the distinct features and limits associated with them.

Tier Levels

Basic Savings Account-i: Default upon onboarding.

Premium Savings Account-i: Requires document submission.

Information Required for Basic Savings Account-i

• Email address 
• Full name
• NRIC / Passport number 
• Residential / Mailing Address
• Date of Birth 
• Nationality
• Contact Number 
• Monthly income level 
• Occupation 
• Nature of occupation 
• Occupation industry
• Name of employer
• Purpose of opening account
• Source of funds 

Documents Required for Premium Savings Account-i 

• Document submission related to occupation, nature of occupation, industry type, name of employer, purpose of opening account, and source of funds.

Tier Upgrading

• Upon account activation, you will get Basic Savings Account-i.
• If you opt to Premium account, you may upgrade your account to Premium Savings Account-i by providing and uploading supporting documents.
• Upgrading is voluntary and initiated by the customer.
• All successful applications are upgraded to the respective tiers.
• Unsuccessful applications remain in the same tier.

Tier Downgrading 

• Downgrading is done manually by KAF Digital Bank.
• You need to call the KAF Digital Bank Customer Service (Our WIRA) and we will process it manually.

Distinguish by every Tier 

Debit (Outgoing funds) Limit Calculation 

Debit limit is derived from the total spending, transactions, and transfers, including but not limited to:

• Intrabank transfer (KAF DB to KAF DB)
• DuitNow ID transfer
• DuitNow QR peer-to-peer
• DuitNow QR to merchant
• DuitNow interbank transfer
• Online and overseas transactions (VISA card / Card-Not-Present transactions)
• POS terminal / physical card transaction (VISA card / Card-Present transactions)

Choosing the right savings account at KAF Digital Bank means finding a balance that suits your financial lifestyle. Our tiered system ensures that whether you’re just starting with our Basic Savings Account-i or opting for the enhanced features of the Premium Savings Account-i, your banking needs are met with convenience and security. Upgrade or downgrade as needed, knowing that KAF Digital Bank is here to support your financial journey.