Master Foreign Currency Account

Master Foreign Currency Account (MFCA) is an account that supports multiple foreign currency. MFCA is divided into Investment Master Foreign Currency Account (Investment MFCA) and Trade Master Foreign Currency Account (Trade MFCA)

Minimum deposit:
USD1,000 or equivalent (for individuals)

* Eligible for protection by PIDM

All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates

Benefits

Note:
For Trade MFCA, 75% of all export proceeds of goods credited via Inward Telegraphic Transfer (IWTT) will be credited back into customer's MYR account. Please refer to terms and conditions for details.


Services in Maybank2u

From AccountTo AccountRemarks
Savings Account / Current AccountMFCAAllowed
MFCASavings Account/ Current AccountAllowed
MFCAMFCAAllowed

Service Availability

Transaction transfer limit

Fees and Charges

CurrencyCharges in Other Currencies
USDUSD 4.00
GBPGBP 2.50
AUDAUD 5.50
JPYJPY 400
HKDHKD 35.00
EUREUR 3.50
SGDSGD 6.00
NZDNZD 6.00
CADCAD 5.50
DKKDKK 24.00
SEKSEK 30.00
AEDAED 14.00
QARQAR 14.00
THBTHB 115.00
CHFCHF 5.00
CNYCNY 35.00


Currently, there are 16 currencies available for MFCA

Currency DenominationAbbreviation
Australian DollarAUD
Japanese YenJPY
Sterling PoundGBP
US DollarUSD
Hong Kong DollarHKD
New Zealand DollarNZD
Canadian DollarCAD
Danish KronerDKK
Swedish KronerSEK
Swiss FrancCHF
EuroEUR
Singapore DollarsSGD
Arab Emirates DirhamAED
Qatar RiyalQAR
Thai BhatTHB
Chinese Yuan RenminbiCNY


Who can apply


Interest rates

Currency Interest rates
Minimum balance to earn interest
Individuals Non-individuals
AUD 1.00% p.a. AUD3,000 AUD10,000
CNY 0.45% p.a. CNY20,000 CNY60,000
*With effect from 15 July 2010      


Placement

A minimum deposit of USD5,000 or equivalent is required to earn interest. The placement period can be from 1 - 12 months subject to currencies

View FCA/MFCA Deposit Rates


FCA Plus

With a minimum balance of RM5,000 (or equivalent) in your MFCA, qualify for FCA Plus, the account that meets your financial needs while you enjoy exclusive privileges.


Benefits

Insurance Coverage

MFCA Balance
Death and Permanent Disablement benefits due to accidents
Accident medical expenses benefits
Compassionate
RM5,000 - RM20,000
RM25,000
RM200 per accident. Aggregate RM2,000
RM1,000
RM20,001 - 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
 *Terms & Conditions apply

 

Required documents

For Personal/Joint accounts

Please choose a branch located near your home or place of work.


Fees & charges*

Service charge for credit/debit transaction depending on the currencies otherwise USD$4 or its equivalent will be levied

* The Malaysian Goods & Services Tax (GST) will be imposed on all fees/charges charged by the Bank where applicable effective 1st April 2015 at the current prevailing rate.

View all banking fees

 

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