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products & services :: consumer deposit products > maybank individual foreign currency account
Maybank Individual Foreign Currency Account

Residents or non-residents can now open and maintain Foreign Currency Account (FCA) with any of our branches. The FCA is available in more than 10 major currencies.

It provides you an additional option to save consistently in the currency of your choice for whatever purposes - your child's education overseas, travel, investment etc. It also benefits Malaysian residents employed abroad and earning regular income from overseas or non-residents who are employed in Malaysia.

FCA lets you purchase or retain receivables in major currencies to protect against currency fluctuations.

Foreign Currency Account
You will require a minimum of USD1,000 or the equivalent to open an account.

Individuals and Non-Individuals (Company) of Foreign Currency Account customers are entitled to enjoy interest* on Foreign Currency Deposits under US Dollar (USD), Australian Dollar (AUD), Euro (EUR) and Pound Sterling (GBP) currencies subject to a minimum balance outstanding as follows :

Currency
Interest Rate
Minimum Balance to earn Interest
Individuals
Non-Individuals
AUD 3.0% p.a
AUD3,000
AUD10,000
EUR 1.5% p.a
EUR3,000
EUR10,000
GBP 2.0% p.a
GBP3,000
GBP10,000
USD 0.5% p.a
USD3,000
USD10,000

* Subject to 5% withholding tax

Placement
A minimum deposit of USD5,000 or the equivalent is required to earn interest. The placement period can be for 1, 2, 3, 4, 5, 6, 9 or 12 months.

Eligibility
Non-residents
Malaysian residents

Features & Benefits
Minimise the risk of forex rate fluctuations
No annual fee

FCA is available for the following major currencies:
• Arab Emirates Dirham
• Australian Dollar
• Canadian Dollar
• Euro Dollar
• 
HongKong Dollar

• 
Japanese Yen
• New Zealand Dollar
• Qatar Riyal

• 
Sterling Pound
• Swiss Francs
• Singapore Dollar

• Thai Bhat
• 
US Dollar

Note: To open an account in other currencies, you may enquire
         at our branches.
 
  FCA is available at all Maybank branches nationwide
The security of banking with Malaysia's leading bank
The convenience of remittance facilities at any of our branches as well as 900 correspondent banks worldwide

FCA Plus. More Benefits.
With our Foreign Currency Account (FCA), you've been enjoying the ease and economy of foreign fund transfers. But now, we're offering you even more benefits with that!. From 22nd June, 2006 with a minimum balance of RM5,000 (equivalent) in your FCA, you will qualify for FCA Plus, the account that meets your financial needs while you enjoy these exclusive privileges.

FREE Personal Accident Insurance Coverage
  Receive Personal Accident Insurance Coverage absolutely free! And the more you save, the more coverage you get.
     
   
FCA Balance Death and Permanent Disablement Benefits due to Accidents Accident Medical Expenses Benefits Compassionate Cash for Accidental Death
RM5,000 to
RM20,000
RM25,000 RM200 per accident. Aggregate RM2,000 RM1,000
RM20,001 to
RM50,000
RM50,000 RM300 per accident. Aggregate RM3,000 RM1,500
Above
RM50,000
RM75,000 RM300 per accident. Aggregate RM3,000 RM1,500
    Coverage age limit: 18-65 years old. Terms and conditions apply.
     
  ENJOY 25% DISCOUNT on service charge for Traveller’s Cheque
You are eligible for 25% discount on service charge for Traveller’s Cheques valued above RM2,000.
     
  ENJOY 25% DISCOUNT on service charge for Telegraphic Transfers
You are eligible for 25% discount on service charge for Telegraphic Transfers in any amount.
Subject to debiting FCA account.

To find out more, call us at 1-300 88 66 88 or visit our branches.
Questions? Our FAQ may help.

 
  •  Fixed Deposit Account
  •  Gold Savings Passbook Account
  •  Maybank Individual Foreign Currency Account
  •  Maybank Premier Club Account
  •  Maybank Premier 1
  •  Personal Current Account
  •  Savings Account
  •  Yippie Club Savings Account
  •  Rates
  •  Exchange Gold Wafers at selected branches
  •  Kijang Emas Gold Coins
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