Features & Benefits
HLB Foreign Currency Account is ideal for Malaysian working abroad, parent with child studying abroad, expatriates, as well as those who travel frequently or have business overseas.
This savings account protects you against exchange rate fluctuation and avoid double exchange rate conversions for foreign remittances.
KINDLY BE REMINDED:
The operations, sources and uses of funds to and from a Foreign Currency Account (“FCA”) shall be governed in accordance with the Investment Foreign Currency Asset (“IFCA”) under the Foreign Exchange Notices issued by Bank Negara Malaysia (“BNM”)
Protected by PIDM up to RM250,000 for each depositor.
- Education
- Employment (Expatriates/ Malaysians employed overseas)
- Business
- Investment
- Travel
All FCA current accounts with minimum credit balances will be paid interest as follows:
| Currency Minimum Balance |
Interest Rates (% p.a.) |
|---|---|
| AUD 1,000 |
0.00 |
| CAD 1,000 |
0.00 |
| EUR 1,000 |
0.00 |
| GBP 500 |
0.00 |
| HKD 6,000 |
0.00 |
| JPY 100,000 |
0.00 |
| SGD 1,000 |
0.00 |
| NZD 1,000 |
0.00 |
| USD 1,000 |
0.00 |
| CNH 7,000 |
0.00 |
Note:
- Rates subject to change without prior notice from the Bank.
Applicable to Business & Corporate Banking customers only
(w.e.f. 1 July 2020) USD current account with minimum credit balance will be paid interest as follows:
| Currency Minimum Balance |
Interest Rates (% p.a.) |
|---|---|
| USD 1,000 |
0.10 |
| Currencies | Min. Opening Amount |
|---|---|
| US Dollar (USD) | $1,000 |
| Canadian Dollar (CAD) | $1,000 |
| Austalian Dollar (AUD) | $1,000 |
| British Pound (GBP) | £1,000 |
| Chinese Renminbi (CNH) | 10,000元 |
| European Euro (EUR) | €1,000 |
| Hong Kong Dollar (HKD) | $10,000 |
| Japanese Yen (JPY) | 100,000¥ |
| New Zealand Dollar (NZD) | $1,000 |
| Singapore Dollar (SGD) | S$1,000 |
Foreign Currency Current Account (Waived for Wadi’ah Foreign Currency Current Account-i until end of August 2017)
| Fees and Charges Description |
Fees/Charges* |
|---|---|
| Transaction Fee |
RM10.00 or its equivalent |
| Service Charge |
RM30.00 or its equivalent every half year (June & December) FCA service charges are waived for all new and active Dual Currency Investments (DCI) customers |
*Subject to Government Tax, if applicable
Important notice
Please click HERE for the exhaustive list of fees and charges.
