In recent years, the intensification of digital integration of the financial sector has catalysed the rise of digital-only banks, fundamentally reforming the delivery and consumption of financial services. In Malaysia, the awarding of digital banking licenses by Bank Negara Malaysia (BNM) represents a pivotal milestone in the nation’s financial transformation. While digital-only banking promises enhanced convenience, cost-efficiency, and broader financial inclusion, however consumer acceptance remains a critical uncertainty. This study examines Malaysians’ readiness for digital-only banking by analysing the determinants of acceptance and adoption. Specifically, it investigates the impact of perceived usefulness, perceived ease of use, trust, perceived risk and personal innovativeness on the behavioural intention to adopt digital-only banking.