My work don't involve paypal.

Thank you. I posted in most of the related thread there before opening this thread. Unfortunately no one shared which bank has the best rate for converting foreign currency to RM.

Not sure what you're saying there but I do get paid in either GBP, EUR, USD mainly.

For my purpose, I don't need to transfer RM to foreign currency but only vice versa. Although seems like the banks only allow fund conversion foreign -> RM by the counter though.
Reason for opening a MCA is that before, my salary was sent in foreign currency and for some reason before it got into my local bank, it was already converted and then sent via RENTAS and I lost some few hundred to few thousands somewhere. So, by having a MCA, the amount of monies won't have any discrepancies and I only need to monitor the exchange rate of the bank before converting the funds to RM if that make any sense.

Thank you. So Maybank can do conversion transactions online? Sounds good. I guess I'll go check it out.

hi rjb123
is it the Citibank FOREIGN CURRENCY CALL ACCOUNT that you have ?
i am planning to have a USD foreign account to receive $$ from etrade account (just a normal RSU/ESPP account)  and then TT to other US trading (ameritrade etc)
not sure if it is doable

any minimum amount to hold and any annual charges or penalty if fall below a threshold limit ?