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 Maybank Inward TT Ruling from 27 March, New ruling to hold all incoming TT

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TSsainod
post Mar 21 2017, 02:02 PM, updated 7y ago

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For all your guys who frequently get incoming TT.

Maybank from March 27, has implemented this new ruling see below :

» Click to show Spoiler - click again to hide... «



MAYBANK : FAQ


Open for discussion : especially those using overseas brokers for investment.


For Reading : BNM Regulation

This post has been edited by sainod: Mar 21 2017, 03:36 PM
jack2
post Mar 21 2017, 03:07 PM

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damn
duckaton
post Mar 21 2017, 03:20 PM

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what is the threshold amount?

TSsainod
post Mar 21 2017, 03:33 PM

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QUOTE(duckaton @ Mar 21 2017, 03:20 PM)
what is the threshold amount?
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It says all TT, no mention of a threshold.
theevilman1909
post Mar 21 2017, 03:41 PM

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doh.gif

bad news if cannot give "satisfactory" reason & documents
SUSPink Spider
post Mar 21 2017, 05:51 PM

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My estranged ex wife wanna repay me my loan to her, cilaka mana ada document?
aeiou228
post Mar 21 2017, 06:00 PM

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Just in time before GE to cut overseas funding to local political parties ?
bee993
post Mar 21 2017, 06:34 PM

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Damn so i ownself transfer from sg oso kena answer this? Wtpuak
nexona88
post Mar 21 2017, 07:05 PM

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What such damn ruling is that..

If I get donation or some gift.. I write that.. Can be accepted huh??

jack2
post Mar 21 2017, 07:18 PM

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QUOTE(nexona88 @ Mar 21 2017, 07:05 PM)
What such damn ruling is that..

If I get donation or some gift.. I write that.. Can be accepted huh??
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i dont think so
Ramjade
post Mar 21 2017, 08:30 PM

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What happen to the money then if answer is not satisfactory?
This is crazy news. They don't want people to convert foreign currency into RM?

I thought converting foreign currencu to ringgit is good for the ringgit? No? hmm.gif

This post has been edited by Ramjade: Mar 21 2017, 09:00 PM
nexona88
post Mar 21 2017, 09:01 PM

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I think this got to do with foreign funding on political parties?? hmm.gif

Remembered previously its such big issues...
But now already low profile.
Ramjade
post Mar 21 2017, 09:06 PM

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QUOTE(nexona88 @ Mar 21 2017, 09:01 PM)
I think this got to do with foreign funding on political parties?? hmm.gif

Remembered previously its such big issues...
But now already low profile.
*
I think time to experiment with bitcoins...

This post has been edited by Ramjade: Mar 21 2017, 09:07 PM
pisces88
post Mar 21 2017, 09:16 PM

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Dun use maybank lo
Ramjade
post Mar 21 2017, 09:21 PM

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QUOTE(pisces88 @ Mar 21 2017, 09:16 PM)
Dun use maybank lo
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It's BNM ruling. No running away. All banks in malaysia will comply.
pisces88
post Mar 21 2017, 09:28 PM

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QUOTE(Ramjade @ Mar 21 2017, 09:21 PM)
It's BNM ruling. No running away. All banks in malaysia will comply.
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Oh god. Western union?
NightHeart
post Mar 21 2017, 09:43 PM

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Not surprised, it started with the requirement to provide with satisfactory relevant information and documents to support the FTT for all outgoing FTT since Jan'17.

BTW, for those who have been regularly FTT to overseas, how long it takes for your funds to appear in the receiver's bank account?
SUSlowya
post Mar 21 2017, 11:06 PM

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QUOTE(Ramjade @ Mar 21 2017, 08:30 PM)
What happen to the money then if answer is not satisfactory?
This is crazy news. They don't want people to convert foreign currency into RM?

I thought converting foreign currencu to ringgit is good for the ringgit? No? hmm.gif
*
more ringgit in supply/circulation means ringgit lose value.

This is an artificial control.
Hansel
post Mar 22 2017, 03:11 AM

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QUOTE(bee993 @ Mar 21 2017, 06:34 PM)
Damn so i ownself transfer from sg oso kena answer this? Wtpuak
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If you look at Appendix 1 inside the below link :-

http://www.maybank2u.com.my/WebBank/FAQ_ITT.pdf

...there is a section called : Own Fund Transfer, with the following details :-

Own Fund Transfer
 Declaration by Resident (Investment in Foreign Currency Asset Onshore and Offshore);
 Statement account or CDD on the customer.
Note: Payment is to be received in Trade MFCA, Investment MFCA or RM Account.

1) Under the declaration, is it just a standard declaration form, or some other docs ?

2) What sort of statement account is in the second one, and what is CDD ?

Edited by adding : must we provide BOTH of the documents above, or just one of the two ?

This post has been edited by Hansel: Mar 22 2017, 03:19 AM
bee993
post Mar 22 2017, 11:16 AM

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Haiz...i only know now i need to go money changer to convert my sgd to myr...dunwan go thru this hassle.

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