Can foreigners open a bank account in Malaysia?What information is needed?

Due to the transaction needs between Chinese e-commerce companies and Malaysians, many Chinese people have asked:

1. Can I open a bank account with Bank Malaysia and Public Bank?
2. So how to transfer funds from Malaysia to Bank of China?

How do Chinese people apply for a bank account in Malaysia?

Foreigners can indeed go to any bank in Malaysia to open an account.

• A student or work permit can be used.
• The only condition is that you are not using a tourist visa to enter Malaysia.
• Without a student pass or work permit, or Malaysia's second home program... Bank accounts are not allowed in Malaysia.

What information do I need to open a bank account in Malaysia?

If you are on a non-tourist visa: you must obtain a letter of recommendation from a relevant company, organization, or department in order to open a bank account in Malaysia.

How to write a recommendation letter for opening a bank account in Malaysia?Please click the link below to view ▼

🔗Malaysia bank account application 2026: How to write a recommendation letter for opening a bank account?

• Otherwise, it is difficult to open a Malaysian bank account.

Can Malaysian funds be transferred to Bank of China?

• It's simple, both Public Bank and Maybank, can use internet banking for wire transfers.
• However, the exchange rate will be lower than the underground bank, and it will take about 3 to 4 days.

Industrial and Commercial Bank of China Multi-Currency Credit Card

The bank card of Bank of China in Malaysia cannot be withdrawn directly in China because it has two systems.

It is recommended that you open a multi-currency credit card at the Industrial and Commercial Bank of China:

• Kuala Lumpur, Malaysia also has ICBC headquarters.
• Just convert to USD and save it to your account.
• In China, you can withdraw money immediately, which is very convenient.
• To apply for an ICBC credit card, you can go to the local ICBC and ask for information according to your needs.

How can I open a bank account in China using Alipay and WeChat Pay verified in Malaysia?

Please click the link below to view ▼

🔗Can foreigners open a bank account in China? Malaysians can open a bank account in China