Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Anyone know about foreign FD?

views
     
Kantao
post Jun 24 2007, 01:09 AM

Getting Started
**
Junior Member
50 posts

Joined: Sep 2006
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
Kantao
post Jun 24 2007, 10:52 PM

Getting Started
**
Junior Member
50 posts

Joined: Sep 2006
QUOTE(cherroy @ Jun 24 2007, 04:44 PM)
I knew a foregin bank which I familar with, they can do that but not sure on others, mostly foreign banks can if not mistaken, local banks rules on it might be varied.
*
may i know which foreign bank u familar with it? Citibank, Standard Charterd, HSBC or Dustche Bank?

Have u dealing the foreign transaction which no involve MYR with them b4? like used USD to TT or bank draft to other party in USD.

How they charge u? Only bank service charges(normally is RM25+) or have forex exchange charges inside? 10s.
Kantao
post Jun 25 2007, 10:39 PM

Getting Started
**
Junior Member
50 posts

Joined: Sep 2006
QUOTE(cherroy @ Jun 25 2007, 03:36 PM)
I had asked the RM (relationship manager) of UOB, Citibank and OCBC, they can do it but charges don't know, haven't made before.
Don't think have forex charges if your FD is in USD and remit or TT as USD, not 100% sure, better ask them.
*
10s 4 info. wll try to find out.

 

Change to:
| Lo-Fi Version
0.0402sec    0.65    7 queries    GZIP Disabled
Time is now: 2nd December 2025 - 07:04 AM