QUOTE(cherroy @ Jun 8 2007, 10:49 AM)
Only PBBank impose that rule, for others bank, you don't have to convert back, you can renew or withdraw in foreign currency or convert to other type of currency.
As i know for PBB FCFD you do not need to convert back at maturity, it can be auto renew.Its just that right now PBB offer additional 1% & PBB system will only auto renew FD at normal rate, hence if you under promotional rate for the 1st maturity u will need to go to the counter to do the renewal manually.
For withdraw the foreign currency or convert to other type of currency, this are something like forex trading not a foreign currency deposit. Can u tell me which bank are provide this kind of services?
Presently if u 1 to TT or transfer the foreign currency to local or foreign bank, u must have foreign currency current a/c or use the MYR to convert.
Do the bank accept us using foreign currency to do the TT/Bank Draft?
This post has been edited by Kantao: Jun 24 2007, 01:35 AM
Jun 24 2007, 01:09 AM

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