083 Foreign Currency Account (Foreign Currency Current Account)

Introduction	介绍	Pengenalan
Ever since our investors can start investing using foreign currencies (previous post), I have been studying banks' Foreign Currency Account (FCA). This is because new injection & future redemption in foreign currencies must be done through FCA.	自从知道顾客可以用其他货币来投资基金后，我就一直在研究各家银行的外币户头。这是因为投资款以及将来的赎回款都必须通过外币户头过账。	Semenjak tahu behawa pelabur boleh melabur menggunakan matawang asing, saya mula kaji Foreign Currency Account (FCA) setiap bank. Ini disebabkan segala pelaburan dan penebusan harus dilakukan melalui FCA.
Comparison of FCA	外币户头比较	Perbandingan FCA
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Maybank CIMB RHB Public Hong Leong Min Deposit USD1,000 or equivalent (for individuals) ? USD1,000.00 or its equivalent for individuals USD1,000 or its equivalent in other foreign currencies is required $5,000 AUD / SGD Transaction charges USD4.00 - - USD1.06 RM10.60 or its equivalent Reproduction of Statements for Foreign Currency Current Account for period up to 1 year - RM10.60 (upfront) RM2.12 (additional page) - - Hong Leong Reproduction of Statements for Foreign Currency Current Account for period exceeding 1 year - RM31.80 (upfront) RM2.12 (additional page) - - Hong Leong Handling fee for debit/credit entries (excluding transfers/placements into Foreign Currency Fixed Deposit accounts & rectification entries) - USD2.12 or RM equivalent per entry - USD1.06 Hong Leong Service charge / Account Maintenance Fee - USD10.60 or RM equivalent half yearly - USD21-20 (or its equivalent in RM) per annum per customer RM31.80 or its equivalent every half year ( June & December)* Withdrawal in foreign currency? No At certain branch only ? No No
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