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 Anyone know about foreign FD?

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Amanda85
post Jan 5 2018, 10:30 AM

Scuderia Ferrari
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2,232 posts

Joined: May 2006
From: Petaling Jaya


QUOTE(ryansxs @ Jan 4 2018, 10:53 PM)
Guys, i need some advice.
Maybank told me to open foreign currency account you need a reason, such as kid studying in US or something. Can someone tell me if this is a rule for all the bank?

Please advice any bank that i can easily open a foreign currency account easily.

TY
*
Maybank give me the same excuse, while HLB needs referral.

You can try Public Bank, I placed AUD FD with them without any hassle. they don't ask you much question. Minimum placement for any currency must be equivalent to RM10k. The only problem is that you can only withdraw back in RM, not in foreign currency. As the bank rate are lousy, you have to take these into account.

Good luck.

This post has been edited by Amanda85: Jan 5 2018, 10:32 AM

 

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