Multi Currency Account

RHB Multi Currency Account is an interest-bearing account that offers customers the opportunity to hold up to 16 foreign currencies in ONE account.

This account is specifically designed for you to make short and long-term deposits, withdrawals in Ringgit and remittance in foreign currencies. It's ideal for both residents and non-residents, and it's available at any RHB branch in Malaysia.

You can view the latest currency rates here.

BENEFITS	Managing a diversified currency portfolio right here in Malaysia Earning high interest on short/long-term deposits Avoiding double conversions for receivables and remittances from and to other countries Potential foreign exchange gain depending on the market condition Consolidated monthly statement No Bank Negara registration ID required for ringgit conversion to foreign currency maintained in Malaysia
WIDE RANGE OF FOREIGN CURRENCIES	USD US Dollar JPY Japanese Yen GBP Pound Sterling EUR Euro AUD Australian Dollar HKD Hong Kong Dollar SGD Singapore Dollar CHF Swiss Franc CAD Canadian Dollar NZD New Zealand Dollar ZAR South African Rand THB Thailand Baht IDR Indonesia Rupiah AED Arab Emirates Dirham SAR Saudi Riyal CNY Chinese Renminbi
TYPE OF ACCOUNT	Company Accounts Export Proceeds Account (EXPA) For exporter only, to retain unlimited export proceeds from the sale of physical goods, without conversion into Ringgit Malaysia, which can be directly used for paying overseas and foreign debits. Non-Export Proceeds Account (NEPA) For non-exporter to receive unlimited proceeds from all types of non-export invoices, consultation charges, services fees, royalty fees, dividends, rentals or any investment abroad proceeds; and No limit for residents on conversion from Ringgit to foreign currency if domestic borrowing is limited to ONE housing loan and ONE vehicle loan, if not subject to conversion limit of RM 50 million p.a. Individual Accounts Education & Employment Account (EDEA) Sources of funds from ringgit conversion or from overseas sources; For parents/individuals to manage educational funds in foreign countries; For resident individuals who are employed overseas to retain overseas salaries and investment funds from abroad; For non-residents employed in Malaysia to retain foreign currency salary received from overseas or in Malaysia, inclusive of ringgit conversion; and At any time, this account's outstanding balance cannot exceed USD150,000 in Malaysia, USD150,000 in Labuan Offshore and USD50,000 in overseas banks. Individual (INDA) For individuals to invest in foreign currency either from conversion of ringgit or proceeds from overseas; and No limit for residents on conversion from Ringgit to foreign currency if domestic borrowing is limited to ONE housing loan and ONE vehicle loan, if not subject to RM 1,000,000 p.a.
DOCUMENTS REQUIRED	Company Accounts Complete application and declaration form & 2 specimen signatures; and Company/board resolution, M&A, Cert. Of Incorporation & Form 24 & 49. Individual Accounts Complete application and declaration form & 2 specimen signatures; Identity card and/or passport; For education purpose, to provide enrolment letter; or For employment, to provide working visa.
TYPE OF TRANSACTION	Conversion of foreign currency to another foreign currency; Conversion from foreign currency into ringgit account; Deposit overseas source of funds; Ringgit conversion to foreign currencies allowed; Sales/purchases of telegraphic transfer, demand draft and travellers cheque at competitive rates; and Acceptance of foreign currency cheques.
DEPOSIT ACCOUNT TYPES	Call Deposit Minimum initial call deposit of USD1,000.00 or its equivalent for individuals USD5,000.00 or its equivalent for companies Interest rate calculated daily and credited at month end; No minimum withdrawal amount required. Term Deposit Similar to fixed deposit; Tenure ranging from 1 week to 12 months; Minimum initial term deposit requirement USD2,000.00 or its equivalent for individual USD10,000.00 or its equivalent for companies Interest paid upon maturity.
FEES AND CHARGES	Telegraphic Transfer - * USD10.00 * Subject to change
OTHER TERMS AND CONDITIONS	All foreign currencies transaction is to be in the form of telegraphic transfer, drafts, foreign cheques and/or transfer to/from ringgit account; No foreign currency cash is allowed; No limits are applicable for non-resident account type.