Yes, it is possible to open a bank account in Malaysia as a non-resident. You just need to provide the necessary paperwork, which as you see, does not require proof of address in Malaysia. If you choose a foreign bank, you can even start the process from abroad.
Can I open Malaysia Maybank account online?
It’s the only e-wallet with banking features that you’ll ever need! Sign up for MAE and get your e-wallet and bank account activated fully online. Download the Maybank app now. A Savings account you can manage completely online.
Can I open a bank account online without going to the bank in Malaysia?
In theory, it is possible to open a Malaysian bank account online. Both Maybank and CIMB, for example, offer limited products which can be arranged with no need to visit a branch in person – but there’s a catch. For these accounts you must have an ‘existing relationship’ with the bank.
How can a foreigner open a bank account?
The foreign national is required to furnish copies of the following documents to open the bank account:
- Valid foreign passport.
- Valid Indian visa ( it should be a longterm visa: valid for more than 182 days).
- Copy of Foreigners Registration Office (FRO) permit.
- Overseas address proof.
- Indian address proof.
Can I open a bank account online as a foreigner?
Anyone who opens an account may need a Social Security number or an individual taxpayer identification number. Although many banks allow customers to open their accounts online, nonresidents may need to visit a branch to finish their applications.
How can a foreigner open a Maybank account?
Required Primary Documents
- Valid Passport (if IC is produced as a Primary document)
- Valid driving licence.
- Utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account.
- Letter of employment.
- Credit card.
How much is needed to open a Maybank account?
RM20 is all you need to start earning interest. No service or maintenance charge required.
Which bank is best in Malaysia?
Top Banks in Malaysia
- The Top Banks in Malaysia Include: Malayan Banking Berhad – Maybank. …
- CIMB Bank. CIMB Bank is the consumer banking unit of the CIMB Group. …
- Public Bank Berhad. Founded in 1966, Public Bank Berhad is one of the largest banks in Malaysia, as well as in Southeast Asia. …
- RHB Bank. …
- OCBC Bank (Malaysia) Berhad.
Can I open a bank account without going to the bank?
There’s no need to visit a branch to open a bank account anymore. You can open a bank account, deposit money and set up automatic payments all from the comfort of your home. Once you’ve applied, just wait for the card to be sent to you in the mail, activate the account and you’re good to go.
How much do I need to open a Citibank account in Malaysia?
|Minimum opening balance||RM 20|
|Daily cash withdrawals||Up to RM 10,000 for Citibanking/Citi Priority customers and RM20,000 for Citigold customers|
|Interbank funds transfer (Interbank GIRO)||RM0.10 per transaction Notice: This will be waived (effective 24th March 2015) until further notice.|
Can a foreigner open a bank account in Malaysia?
Can I open a bank account in Malaysia as a non-resident? Yes, it is possible to open a bank account in Malaysia as a non-resident. You just need to provide the necessary paperwork, which as you see, does not require proof of address in Malaysia. If you choose a foreign bank, you can even start the process from abroad.
What countries allow noncitizens to open bank accounts?
5 Best Countries to Open Offshore Bank Accounts
- 5 Best Countries to Open Offshore Bank Accounts. …
- Cayman Islands. …
- Switzerland. …
- Singapore. …
- Germany. …
Which bank allows online account opening?
Compare Savings Account Rates and Types of All Banks
|Bank Name||Interest Rate|
|Yes Bank Savings Account Opening Online||4.00% – 5.50%|
|DBS Bank Savings Account Opening Online||3.00% – 4.00%|
|SBI Savings Account Opening Online||2.70% – 2.70%|
|HDFC Bank Savings Account Opening Online||3.00% – 3.50%|