Banks in Malaysia — Compare & Open an Account

12 banks banks in Malaysia where you can open an account. Compare by bank type, eligible visa and features.

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1

The bank with the most branches and ATMs, easy to use for daily living accounts

Major local bankEveryday bankingMany branches & ATMsStrong mobile app

2

Reliable foreigner account opening and strong mobile app banking

Major local bankStrong mobile appEveryday bankingMany branches & ATMs

3

Strong in fixed deposits, popular with MM2H and retiree communities

Major local bankFixed depositsEveryday bankingMany branches & ATMs

4

Bank with relatively high savings rates and user-friendly mobile app

Major local bankSavings ratesStrong mobile appEveryday banking

5

A bank focused on digital banking

Major local bankEveryday bankingMany branches & ATMs

6

The preferred local bank after the top 4 banks

Mid-size local bankEveryday bankingFixed deposits

7

Foreign bank with strong international money transfer and overseas usage capabilities

Foreign bankOverseas remittanceMulti-currencyPremier banking

8

Foreign bank specialising in international accounts and business banking

Foreign bankMulti-currencyBusiness-friendlyPremier banking

9

Fixed deposits, wealth management, and a bank of choice for education expat families

Foreign bankFixed depositsEducation familiesMulti-currency

10

Foreign bank well-suited for use alongside Singapore operations

Foreign bankMulti-currencyOverseas remittancePremier banking

Shariah-compliant bank with a system that does not use interest

Islamic bank

Mobile app-only digital bank (for Malaysian citizens)

Digital bankStrong mobile appSavings rates