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
For resident entity (and other resident entities within the same group of entities with parent-subsidiary relationship)
(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
(ii) Verification for first accumulated value of RM10,000
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.