Opening a bank account in Malaysia

Hi Julien,

I'm trying to open a bank account myself. I have been advised MayBank as they offer good services and have the most offices around KL.

I first need to get my work visa though as that's essential to opening a bank account.

Sorry, can't help you on your other questions.

Working in Malaysia with valid work permit / employer letter
Studying in Malaysia with valid student pass / letter acceptance for Institution of Learning
Participate in Malaysia My Second Home (MM2H) with conditional approval from Malaysia Immigration Department to open acct
Own a property in Malaysia not purchased under MM2H program
Own business registered in Malaysia where foreigner is a sole proprietor/partner/shareholder/director
Spouse & child of foreigners where the foreigner meets any 1 of the following criteria
Working in Malaysia with valid work permit
Studying in Malaysia with valid student pass
Participate in MM2H
Own Property in Malaysia
Own business registered in Malaysia
Possess a valid passport with multiple visit to Malaysia of min 10 visit in a year.

The Initial deposit of opening a Savings Account will be RM250.00 and RM1000.00 for current account.

You will require a letter of authorization from your employer/sponsor and the banks minimal deposit. It takes a few days to get banking approval but most can be open in the same day if visa and passport are in order.

Hi,

I live alone in Malaysia and all my salary is being paid in Malaysia, I asked my bank (HSBC Premier) if I could give a power of attorney to my parents or sisters in the event something were to happen and I needed someone else to access my funds here...  and the answer was no... also opening a joint account would not work as they would need a proper visa.. an another bank card also not possible.

Does anyone here have any experience in this field? Or a bank that does allow this for expats?

Thanks!