Malaysia
Be U
Bank Islam Malaysia’s digital brand. PIDM follows Bank Islam. Migrating into BIMB Mobile.
4.3
6.7Mixed
activeNeobankHalal banking
- HQ
- Kuala Lumpur
- Fee
- Islamic current / savings SKUs — confirm live
AEON Bank
Malaysia’s Islamic digital bank. BNM licence. Not the Japanese AEON Bank Ltd.
Tap a star to jump to reviews
6.6Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Islamic digital bank (Bank Negara Malaysia). Still read the entity on the statement.
If it fails?
PIDM on eligible deposits at the licensed bank — confirm PIDM membership on the live legal page
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Digital-bank SKU — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.6
/10 · Mixed
Score AEON Bank Malaysia as a BNM Islamic digital bank. Do not mix it with AEON Bank Ltd in Japan (FSA), which is a different company. PIDM follows the Malaysian licence. This is not a travel IBAN.
What it is
AEON Bank (M) launched in 2024 as Malaysia’s first Islamic digital bank under BNM. It sits in the AEON retail group. Japan also has AEON Bank, Ltd., an FSA bank with a 2025 AML improvement order — that is a separate file. This desk scores the Malaysian digital bank.
Best for: Malaysian residents who want a BNM Islamic digital bank, not a wallet.
Last checked 2026-08-28. Not advice.
What it does well
- +Named BNM digital bank
- +Islamic product set
- +Group distribution
- +Not an EMI
What to watch
- −Malaysia-only
- −Young bank
- −Not AEON Bank Japan
- −App still settling
Who holds the money
The account
- Platforms
- iOS · Android
- Account types
- Islamic current / savings · biz
- Partner bank
- AEON Bank (M) Berhad
- Minimum balance
- RM 0
- Lowest monthly fee
- Digital-bank SKU — confirm live
- Who can open
- Malaysian residents
- Availability
- Malaysia
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal · Business · Halal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- AEON Bank lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
PIDM on eligible deposits at the licensed bank — confirm PIDM membership on the live legal page
Who holds the money: AEON Bank (M) Berhad
- Bank Negara MalaysiaIslamic digital bank · Malaysia
Fees
- Monthly
- Digital-bank SKU — confirm live
- FX markup
- Not a travel card
- ATM
- Network schedule
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- ✓Halal
- Sharia-compliant current/savings
- BNM digital-bank licence
- App-only
- Biz SKU
- AEON ecosystem
Score
- Safety25%
- 7.8
- Fees20%
- 7.4
- Features15%
- 6.6
- App15%
- 7.2
- Global15%
- 3.2
- Support10%
- 6.4
Change log
Full logLicence
BNM Islamic digital bank — not Japan AEON Bank Ltd
AEON Bank (M) Berhad. PIDM membership is the safety line. Separate company from the Japanese FSA bank.
Available in
Straight answers
FAQ
01Is AEON Bank a bank?
AEON Bank holds a banking-style licence (Bank Negara Malaysia). Still read the legal entity on the statement, not the app icon.
02How is money protected?
PIDM on eligible deposits at the licensed bank — confirm PIDM membership on the live legal page
03Where is AEON Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with AEON Bank.
04Card and wallets?
AEON Bank lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open AEON Bank remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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activeNeobank
- HQ
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