Anyone know about foreign FD?
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 May 31 2023, 08:42 PM
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#1
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Senior Member
785 posts Joined: Mar 2012 
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QUOTE(Mr Gray @ May 26 2023, 06:52 PM) For those who are thinking of investing in foreign currency FD and don't mind doing so in the domestic banks, I think RHB MCA account is really a good option. Do you know if RHB MCA or any MCA can be used to receive Google Adsense income specifically? Wise doesn't work for me, and I am getting high inward TT / conversion fee on local currency bank account. |
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Jun 11 2023, 08:11 PM
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#2
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Senior Member
785 posts Joined: Mar 2012
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QUOTE(Mr Gray @ Jun 11 2023, 05:59 PM) I see no reason why u can't. Go ahead and open RHB MCA account I actually sent an email to inquire, and it recommended me to open a Non-Export Proceeds Account (NEPA) MCA account. Now I am not sure if an individual is able to open it, or if it has to be a company. I have already sent another email to ask, or if I can't wait, I will go directly to the branch. Thanks for your reply nonetheless. |
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Jun 11 2023, 10:32 PM
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#3
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Senior Member
785 posts Joined: Mar 2012
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QUOTE(Mr Gray @ Jun 11 2023, 08:47 PM) Of course individual can open it. Link 404. When I open at an RHB branch, I can select between the two options. INDA or NEPA. https://www.rhbgroup.com/personal/deposits/...ount/index.html Clearly stated here on the website too. INDA/NEPA Just go an RHB branch and open it. The working link: https://www.rhbgroup.com/personal/deposits/...view/index.html only got 2 types there - EDEA and INDA. The links mentioned NEPA https://www.rhbgroup.com/islamic/deposits/m...ount/index.html and https://www.rhbgroup.com/business/sme-banki...ount/index.html stated it was for non-individuals or companies. That's why I am a bit confused. FYI, currently PBB required invoice / receipt each time when there is foreign inward TT, it doesn't come automatically, so I think I better clarify with RHB's policy first. |
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Jun 19 2023, 02:22 PM
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#4
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Senior Member
785 posts Joined: Mar 2012
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QUOTE(Mr Gray @ Jun 12 2023, 04:53 AM) It's best that u just go a branch and talk to RHB rep. Business account / NEPA got no debit card and thus no special counter rate.Even if only non-individual is allowed to do that, what's stopping you from incorporate as an enterprise or LLP? If your income from AdSense is getting significant every month, perhaps it makes more sense to incorporate? Anyway, I opened an individual account and try to see if I can receive the payment, the staff got no idea as well. |
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