外汇政策快速指南

Types of External Accounts and Permitted Sources & Uses of Funds

A Ringgit account maintained by a non-resident

Type of External Account (EA)	EA maintained ……….	Limits/restrictions on the sources and uses of funds
Exempted	Personally by a foreign individual that is working or studying in Malaysia or participating in the Malaysia: My Second Home Programme (MM2HP); Jointly between foreign individual(s) that are working or studying in Malaysia or participating in the MM2HP; or Jointly between a foreign individual employed/studying in Malaysia with his/her spouse, child or parent who are staying in Malaysia.	No limitation/restriction
Non-Exempted	Personally by a foreign individual that are not working or studying in Malaysia or not participating in the MM2HP; Jointly between foreign individual(s) that are not working or studying in Malaysia or not participating in the MM2HP; or Jointly between foreign individual(s) employed/studying in Malaysia or participating in the MM2HP with one (1) or more foreign individual(s) that are not working or studying in Malaysia or not participating in the MM2HP.	Refer to Table 1 below
Non-Exempted	By foreign entities	Refer to Table 1 below

Table 1 - Permitted Sources and Uses of Funds of a Non-Exempted External Account

Sources

Uses

Proceeds from sale of foreign currency (FCY) on Spot Basis to:
- a licensed onshore bank (LOB); or
- a Licensed Money Changer

Drawdown or repayment of an approved Ringgit (RM) Borrowing in accordance with FEP Notice 2
Cash deposit of up to RM10,000 per transaction for any purpose¹

Receipt or inward transfer of up to RM10,000 per transaction for any purpose¹ via:
- automated teller machine (ATM); or
- other electronic means²

Receipt in RM for purposes in accordance with Foreign Exchange Policy (FEP) Notice 4
Transfer between same account holder

Transfer in RM between Non-Resident Financial Institutions (NRFIs) which are China Foreign Exchange Trade System (CFETS) members for settlement of trade in goods or services with a Resident

Payments or outward transfer of up to RM10,000 per transaction for any purpose¹ via:
- ATM; or
- other electronic means²

Outward clearing of up to RM10,000 per cheque for any purpose¹
Payment in RM for purposes in accordance with Part B: Payment in RM and Part F: Opening and Maintaining of Account of FEP Notice 4
Transfer between same account holder
Transfer in RM between NRFIs which are CFETS members for settlement of trade in goods or services with a Resident

¹any transaction beyond the prescribed threshold of RM10,000 must be supported with documentary proof of

permitted purposes under FEP Notice 4

²including internet banking, mobile banking, mobile payments or electronic money