With the Shariah-compliant Foreign Currency Account-i (FCA-i), you can transfer funds overseas easily and safely with our wide network of branches as well as corresponding banks worldwide. FCA-i is based on the Shariah principle of Mudharabah (profit sharing). This account offers you the convenience of transacting in foreign currencies.

Features & Benefits:

• Initial deposit of
  – individual: USD1,000 or its equivalent
  – non-individual: any amount
• Available in 19 currencies
• 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 dividends calculated daily and credited monthly
• Enjoy the convenience of remittance facilities at any of our branches as well as 700 correspondent banks worldwide
• Account holder will be issued with monthly statements
• Discounts on traveller's cheques and telegraphic transfers
• Enjoy free Personal Accident Takaful coverage with the following account balance:
  
  

  Account Balance	Death / PD	Medical Expenses	Coverage
  RM5,000 – RM20,000	RM25,000	RM200 per accident / RM2,000 aggregate	RM1,000
  RM20,001 – RM50,000	RM50,000	RM300 per accident / RM3,000 aggregate	RM1,500
  Above RM50,000	RM75,000	RM300 per accident / RM3,000 aggregate	RM1,500

• Withdrawal can be made through transfer including telegraphic transfer, bank draft or conversion through normal current account

Who Can Apply:

• Individuals and non-individuals, depending on the type of FCA applied for

  Types of FCA-i available:

  Type of FCA-i	Type of Applicant
  Export Proceeds	For resident exporters and Approved International Procurement Centre (AIPC).
  Other Receivables	- For resident individuals and corporations (with or without domestic borrowings). - For non-residents individuals and corporations.
  Education and Employment Abroad	For resident individuals

  
  

Required documents:

For Personal/Joint accounts

• Original Identity Card (IC) for Malaysians and Passports for foreigners

Please also bring along any of the following secondary supporting documents:-

• Valid Passport (if IC is produced as a Primary document)
• Valid driving licence
• Utility bills (e.g. water/electricity/telephone bills, Quit Rent, Assessment Notice) in the name and address of the customer opening the account
• Letter of employment
• Credit card

Please choose a branch located near your home or place of work.

Charges & Fees:

• Service charge for credit/debit transaction (depending on the currency): USD$4 or its equivalent
• No charges, yearly or otherwise at the moment for opening a Foreign Currency Account-i. However, a service charge will be levied for each credit or debit transaction

How to Apply:

• At Maybank / Maybank Islamic Branches

*Terms and conditions apply