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USA Stock Discussion v8, Brexit: What happens now?
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win44
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 Jul 25 2016, 02:40 PM
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Today i ran into some problems trying to fund my broker account in USA. The Maybank (over the counter) told me that i cant send funds overseas for foreign investment purpose without Bank negara approval. They said i need necessary documents, such as S&P and Stamped documents such as offer letter from the foreign investment entity. I just want to wire 2500 USD from my foreign currency account to my USA broker account. But they wont allow. I looked at Bank negara FAQ, http://www.bnm.gov.my/microsites/fxadmin/n...1_Residents.pdfno mention of restriction Anyone encounter this before? |
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win44
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Jul 26 2016, 04:46 PM
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QUOTE(danmooncake @ Jul 26 2016, 12:56 PM) Wow... such more paperwork for just $2500 ?? Funny, it not even million or tens of thousands, perhaps now BNM is too zealous or nervous, and they're putting in all sorts of bureaucracy to discourage money transfer out from the country. It must be after that Money-Laundering fiasco by you-know-who.  Just tell them it is "donation"...  Oh ya! i should have said it is a donation! |
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win44
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Mar 21 2017, 02:38 PM
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Hi Sifus,
When i tried transferring some funds on Maybank2u, it is asking for "Fed Wire" number.
Is this the same as ABA/Routing number?
I also have the SWIFTCODE of the bank, but no place to key it in on maybank2u transfer page.
Google was useless here.
so.. Fed wire number?
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win44
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Mar 21 2017, 04:25 PM
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This post has been edited by win44: Mar 21 2017, 04:26 PM
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win44
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Mar 21 2017, 04:26 PM
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QUOTE(AVFAN @ Mar 21 2017, 02:55 PM) To USA broker account. Chicago. |
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win44
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Mar 23 2017, 10:35 AM
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I managed to successfully transfer from maybank online. The option is there, international TT.
Just need to declare in a dropdown lise: what is the purpose for transfer.
Anything under rm50k is ok i think.
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