Educational Deposit Account (EDEA)

Manage your overseas expenses, easier and smarter


Educational Deposit Account (EDEA)

This account helps students manage overseas educational expenses by offering savings in the foreign currency account in Malaysia as well as optimising interest earnings in foreign currency deposits.

Who is entitled for the EDEA Account?
  • Students currently studying overseas and Parents / Guardians of students scheduled for overseas education
  • Students in local colleges with Foreign University affiliation
  • Students in Twinning Programmes (e.g. 2+1 or 2+2 programmes)
  • Post Graduate Programmes (e.g. MBA through Malaysian Institute of Management)
  • Professionals (CPA Annual Membership / Examination Fees)
  • Parents / Family Members / Guardian who are supporting the student's education costs
  • Colleges / Educational Institutions (which offer courses to students under Foreign University affiliation and Twinning Programmes)
  • Foreign Students / Lecturers in Malaysia
  • Expatriates in Malaysia

Types of payments eligible for the EDEA Account
  • School / Tuition Fees
  • Examination Fees
  • Professional Membership Fees
  • Students' Accommodation / Living Expenses

What are the key currencies available for the EDEA Account?
  • US Dollar
  • Australian Dollar
  • Canadian Dollar
  • British Pound Sterling
  • Euro
  • Singapore Dollar
  • Japanese Yen
  • Hong Kong Dollar
  • Swiss Franc
  • New Zealand Dollar
  • Thai Baht
  • South African Rand
  • Indonesian Rupiah
  • Saudi Riyal
  • Arab Emirates Dirham

What are the documents required to apply for the EDEA Account?
  • Standard Remittances Form and
  • Valid Student ID; or
  • Letter of Acceptance from College; or
  • Student Visa; or
  • Other relevant supporting documents

Where can I apply for the EDEA Account?