Malaysia

Foreign Exchange Administration (FEA) Rules

Dear Valued Customers,

Pursuant to the Foreign Exchange Administration (FEA) Rules issued by Bank Negara Malaysia (BNM);


(A) FOR RESIDENTS

A resident individual or entity (group of entity) with Domestic Ringgit Borrowing status are permitted to invest in foreign currency (FCY) asset with the following sources and limits;

For resident individual, sole proprietor or general partnership

  • Up to RM1 million equivalent in aggregate per calendar year using FCY funds sourced from Trade Multi Currency Account (MCA) (EXPA) and/or sourced from conversion of ringgit.

For resident entity (and other resident entities within the same group of entities with parent-subsidiary relationship)

  • Up to RM50 million equivalent in aggregate per calendar year using FCY funds sourced from Trade Multi Currency Account (MCA) (EXPA) and /or from conversion of ringgit.

(B) FOR NON-RESIDENTS

For Non-Residents having ringgit account with RHB, it is limited to RM10,000.00 transactions (accumulated) per account per day and/or RM10,000.00 per cheque issued. The limit imposed for transactions without supporting documents or purpose of transaction, as stated below;

(i) Separate RM10,000 limit for Debit and Credit

  • Limits based on inward and outward transactions, separately (ie: RM10,000 Debit and RM10,000 Credit). The limit is gross of RM10,000 per channel (ie: Cheque, ATM, OR any Electronic means). Example: Customer can perform RM10,000 via ATM and can perform another RM10,000 via Internet Banking for the same account on the same day.
  • No transaction limit applicable for Non-Resident Exempted Group (NEG) (Excluded Account)

(ii) Verification for first accumulated value of RM10,000

  • For the first RM10,000 not required supporting documents or purpose of transaction.
  • For any amounts beyond RM10,000 customer is required to produce supporting documents or purpose of transaction.


RHB reserves the right not to process transactions that do not meet the above requirements.

Kindly read and understand the FEA Rules from BNM’s website at http://www.bnm.gov.my and by clicking on the ‘Foreign Exchange Administration’ tab to ensure all activities performed for your accounts maintained with RHB Group comply with FEA Rules at all times.

For further enquiries, please contact our Call Centre or visit any of our nearest branches.