Multi Currency Account, which bank are recommended?
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 Sep 30 2023, 08:40 PM
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#1
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Senior Member
3,485 posts Joined: Jan 2003 
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QUOTE(rahsk @ Nov 14 2022, 12:57 PM) Hello, I saw this RHB multi currency fd promo https://www.rhbgroup.com/treasury-rates/mul...osit/index.html is there a permanent thread for RHB MCA?If I was to invest in this USD FD , what are your reviews on this? Any potential risks I should be careful about?  This post has been edited by Medufsaid: Sep 30 2023, 08:42 PM |
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Dec 23 2023, 08:08 PM
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#2
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Senior Member
3,485 posts Joined: Jan 2003
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QUOTE(abcn1n @ Oct 21 2023, 02:42 PM) BTW, do you now have only 1 debit card (ie MCA debit card now combined with ATM debit card). Officer told me that I had to combine them into 1 card after combining MCA debit + ATM debit into 1 card, do i still have to pay annual RM20 fee? |
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Sep 25 2025, 10:18 AM
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#3
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Senior Member
3,485 posts Joined: Jan 2003
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contestchris i think it won't matter as you'll still get charged annual debit card fees
otherwise, it'll be a good loophole right? order debit card but don't activate. don't get charged and yet enjoy good forex rates |
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Sep 26 2025, 09:39 AM
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#4
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Senior Member
3,485 posts Joined: Jan 2003
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QUOTE  if you alway have .100k deposit, you may exchange RM3000 to USD each month, you will get extra 1.6% each month (rm131.50), then exchange it back, it lose rm20 only. am i correct? if you dont exchang it back you can plan foreign weelky term deposit got high interest too 4%/annual. (min placement usd2k) of course lah it have some risk on currency up n down  |
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