Anyone know about foreign FD?
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 Jan 4 2018, 10:53 PM
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#1
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Senior Member
2,378 posts Joined: Dec 2005  
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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 |
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Jan 5 2018, 10:35 AM
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#2
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Senior Member
2,378 posts Joined: Dec 2005
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QUOTE(Amanda85 @ Jan 5 2018, 10:30 AM) Maybank give me the same excuse, while HLB needs referral. Hey thank you there...its helpful. Ill give it a try.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.  |
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Mar 26 2024, 09:23 PM
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#3
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Senior Member
2,378 posts Joined: Dec 2005
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anyone of you place FC FD in Maybank?
I've been told need minimum 5000USD equivalent to place FD. I wanted to know once FD is matured, i need to do the placement again over the counter or i can do auto invest? any idea? Thx |
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