Please be informed that effective 10 July 2017, in line with the Foreign Exchange Administration Rules ("FEA") issued by Bank Negara Malaysia ("BNM"), a person or an entity classified as "Non-Exempted Group" ("NEG")* may only issue or deposit cheques in Malaysian Ringgit up to the amount equivalent of RM 10,000 per cheque into or from a Ringgit denominated external account.

Maybank reserves the right not to process any such cheque:

  • Should the transacted amount exceed RM10,000 per cheque and/or
  • The purpose of issuing or depositing the cheque is not within the permitted usage and source of funds as per the FEA Rules.

*NEG is classified as non-residents of Malaysia who have an external account except for the following group of customers:

  • a consulate;
  • a high commission;
  • an embassy;
  • an individual who participates in My Malaysia 2nd Home ("MM2H") programme; or
  • an individual who is working or studying in Malaysia including the individual's spouse, child or parent who is staying in Malaysia.

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