My MM2H has been approved and I was told by my agent that as an American citizen, there are really only 3 banks who will want to deal with me for the FD: HSBC, Maybank and one other bank who's name I forget.
What are the pluses and minuses of doing the FD at these banks? Is there any other advice or tips one can give about doing the FD or banks?
Note: I have no dealings with HSBC in the USA - I would think I should be more concerned about HSBC's stability in another global financial crisis / downturn than a big regional Asian bank like Maybank that's not active in Western countries/Europe.
I do have a 10 year visa for China and travel there + around the region - I was told that if I have a Maybank, HSBC etc accounts, it sounded like I could use their ATM machines where ever they have an ATM presence in China/SE Asia.
Otherwise, my USA bank charges me $2 + a percentage at ATM machines. I use HSBC ATMs in Malaysia after a bad experience at an empty CIMB ATM debiting my account....