Maybank Usd Account, Master Foreign Currency Account (MFCA) is an account that supports multiple foreign currency. MFCA is divided into Investment Master Foreign Currency Account (Investment MFCA) and Trade Master Foreign Currency Account (Trade MFCA)
Minimum deposit:
USD1,000 or equivalent (for individuals)
* Eligible for protection by PIDM
All interest / dividend rates quoted may change without prior notice. Please contact the nearest Maybank branch for the latest rates
Benefits
- Available in more than 11 major currencies: Australian Dollar, Canadian Dollar, Chinese Renminbi, Euro Dollar, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Sterling Pound, Swiss Francs, Singapore Dollar, and US Dollar
- An alternative form of investment/savings in the currency of your choice, particularly for your child’s education overseas, travel, etc
- Economical: enjoy reduced costs on fund transfers and losses during currency conversions
- Stable: minimise the risk of currency fluctuations
- Enjoy interest on Foreign Currency Deposits for Australian Dollar (AUD) of 1.00% p.a. and Chinese Renminbi (CNY) of 0.45% p.a., subject to a minimum balance outstanding. The interest rate is subject to changes
- Enjoy the convenience of remittance facilities at any of our branches as well as correspondent banks worldwide
- Free Personal Accident Insurance Coverage
Note:
For
Trade MFCA, 75% of all export proceeds of goods credited via Inward
Telegraphic Transfer (IWTT) will be credited back into customer’s MYR
account. Please refer to terms and conditions for details.
Services in Maybank2u
- Easy access to account details and transaction history for MFCA individual/joint account holders with Maybank2u access.
*This is not available for small business, partnership or sole proprietorship accounts - Allow customer to perform funds transfer from Master Foreign Currency Account (MFCA) to own account.
| From Account | To Account | Remarks |
| Savings Account / Current Account | MFCA | Allowed |
| MFCA | Savings Account/ Current Account | Allowed |
| MFCA | MFCA | Allowed |
Service Availability
- Monday to Friday from 10:00am to 6:00pm
- Not available on Saturday, Sunday and Public Holiday
- Real time transaction
Transaction transfer limit
- Minimum of RM0.01 and maximum of RM50K per transaction
Fees and Charges
- Transaction charges is equivalent USD4.00
| Currency | Charges in Other Currencies |
| USD | USD 4.00 |
| GBP | GBP 2.50 |
| AUD | AUD 5.50 |
| JPY | JPY 400 |
| HKD | HKD 35.00 |
| EUR | EUR 3.50 |
| SGD | SGD 6.00 |
| NZD | NZD 6.00 |
| CAD | CAD 5.50 |
| DKK | DKK 24.00 |
| SEK | SEK 30.00 |
| AED | AED 14.00 |
| QAR | QAR 14.00 |
| THB | THB 115.00 |
| CHF | CHF 5.00 |
| CNY | CNY 35.00 |
Currently, there are 16 currencies available for MFCA
| Currency Denomination | Abbreviation |
| Australian Dollar | AUD |
| Japanese Yen | JPY |
| Sterling Pound | GBP |
| US Dollar | USD |
| Hong Kong Dollar | HKD |
| New Zealand Dollar | NZD |
| Canadian Dollar | CAD |
| Danish Kroner | DKK |
| Swedish Kroner | SEK |
| Swiss Franc | CHF |
| Euro | EUR |
| Singapore Dollars | SGD |
| Arab Emirates Dirham | AED |
| Qatar Riyal | QAR |
| Thai Bhat | THB |
| Chinese Yuan Renminbi | CNY |
Who can apply
- Malaysian residents
- Non-residents
Interest rates
| Currency | Interest rates | Minimum balance to earn interest | |
| Individuals | Non-individuals | ||
| AUD | 1.00% p.a. | AUD3,000 | AUD10,000 |
| CNY | 0.45% p.a. | CNY20,000 | CNY60,000 |
| *With effect from 15 July 2010 |
Placement
A minimum deposit of USD5,000 or equivalent is required to earn interest. The placement period can be from 1 – 12 months subject to currencies
FCA Plus
With a minimum balance of RM5,000 (or equivalent) in your MFCA, qualify for FCA Plus, the account that meets your financial needs while you enjoy exclusive privileges.
Benefits
- Free Personal Accident Insurance Coverage (for Malaysians aged 18 to 65 years old only; for joint account, the coverage is extended to only the primary account holder)
- MFCA holders with a minimum balance of RM5,000 or its equivalent in the MFCA at the time of transaction, are entitled for the FCN special rates
Insurance Coverage
| MFCA Balance | Death and Permanent Disablement benefits due to accidents | Accident medical expenses benefits | Compassionate |
| RM5,000 – RM20,000 | RM25,000 | RM200 per accident. Aggregate RM2,000 | RM1,000 |
| RM20,001 – RM50,000 | RM50,000 | RM300 per accident. Aggregate RM3,000 | RM1,500 |
| Above RM50,000 | RM75,000 | RM300 per accident. Aggregate RM3,000 | RM1,500 |
| *Terms & Conditions apply |
Required documents
For Personal/Joint accounts
- Original Identity Card (IC) for Malaysians and Passports for foreigners. For passport, other supporting documents that may be required are valid working/student permit, valid visa, letter of confirmation from Employer/Education Institutions (whichever is relevant)
Please choose a branch located near your home or place of work.
Fees & charges*
Service charge for credit/debit transaction depending on the currencies otherwise USD$4 or its equivalent will be levied
* The Malaysian Goods & Services Tax (GST) will be imposed on all fees/charges charged by the Bank where applicable effective 1st April 2015 at the current prevailing rate.