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Deposits

Master Foreign Currency Account

Banking in the currency of your choice. MFCA allows you to receive and make payments in foreign currencies without needing to convert to and from your MYR account

  • MINIMUM BALANCE TO MAINTAIN

    RM0

Why should I apply for this account


Receive and make payments in the currency of your choice. We have all the major currencies such as US Dollar, Pound, Euro, Australian Dollar and more.

Reduce foreign exchange risk by making your business transaction using the currencies of your choice.

*Protected by PIDM up to RM250,000 for each depositor

*Click here for PIDM’s DIS Brochure

Anything else I need to know?


We are making life even easier for you by allow you to manage multiple currencies in one account with a single account number to remember. Thats the advantage of the Master Foreign Currency Account. We do also provide the flexibility to the customer to open one account for each currency if required.

How to apply


Well, first are you a registered Business / Company / Association / Club / Society / Cooperatives with an introducer available?

And please note the minimum deposit of USD1,000 or equivalent.

Ok? Then we can move on to the documents we'll need with your application.

Please provide your Memorandum and Articles of Association certified by the Licensed Company Secretary of the company. A Certificate of Incorporation (original copy must be sighted). A Certificate to Commence Business, (for public limited companies, the original copy must be sighted).

A complete list of Directors and Secretary with home addresses (Form 49).
A Resolution of the Board of Directors to open and operate the account.
And other relevant documents upon requested by the Bank.

And that's it! Scroll down to the bottom of the page for more details on how to apply now.

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