QUOTE(GodTier @ Jan 9 2019, 11:33 PM)
Is there any kind of malaysia bank account that receives foreign currency without converting to MYR, and able to withdraw in foreign currency without/minimum fees?
Or any oversea bank account that malaysian can have, to receive foreign currency and able to withdraw in same foreign currency without/minimum fees?
Malaysia banks can only received foreign currency. You cannot withdraw out foreign currency. You want that, across the Causeway the 3 local banks offer such multi currency account with ability to withdraw in whatever currency you want at a fee.
QUOTE(GodTier @ Jan 10 2019, 04:40 AM)
The normal foreign currency account offered by maybank cimb etc?
Any comparison that which bank always has the highest rate?
Can the foreign currency fund pledge into fixed deposit? How much is the interest rates?
Any fees to transfer into MYR within same bank?
All banks exchange rates sucks. Forget about getting high interest rate for your foreign currency.
Interest rate range from 1%-5% depending on currency and banks.
No fees but high mark up price so your interest earned from foreign FD is more or less wipe put when you convert to RM.
My personal pick, Transferwise Borderless Account and DBS multiplier (from SG) or Interactive broker (best exchange rate but monthly USD10 fee if you have less than USD100k with them).