1
Maybank
The bank with the most branches and ATMs, easy to use for daily living accounts
Major local bankEveryday bankingMany branches & ATMsStrong mobile app
Banks in Malaysia Strong in Overseas Remittance
5 banks banks in Malaysia where you can open an account. Compare by bank type, eligible visa and features.
If you frequently send money home or deal in foreign currencies, choose a bank strong in overseas remittance and multi-currency accounts. Foreign banks offer global transfer networks, while major local banks make in-app transfers easy. Compare Malaysian banks with remittance and multi-currency support by eligible visa, features and reviews.
7
HSBC Malaysia
Foreign bank with strong international money transfer and overseas usage capabilities
Foreign bankOverseas remittanceMulti-currencyPremier banking
8
Standard Chartered
Foreign bank specialising in international accounts and business banking
Foreign bankMulti-currencyBusiness-friendlyPremier banking
9
UOB Malaysia
Fixed deposits, wealth management, and a bank of choice for education expat families
Foreign bankFixed depositsEducation familiesMulti-currency
10
OCBC Bank
Foreign bank well-suited for use alongside Singapore operations
Foreign bankMulti-currencyOverseas remittancePremier banking
FAQ
- Q. Can I open a Malaysian bank account on a tourist visa?
- A. Generally no. Due to tighter anti-money-laundering rules, account opening requires a long-term visa such as an Employment Pass (EP), student visa, guardian visa or MM2H. On a tourist visa, services that work without an account — Wise, or TNG eWallet with DuitNow QR — are the practical option.
- Q. Can I open an account from abroad before arriving?
- A. Generally no. Foreigners must visit a branch in person for a new account. As an exception, HSBC may allow non-resident opening with a conditional approval letter after an MM2H visa application. Prepare your documents in advance so you can open an account soon after arrival.
- Q. What documents do I need to open an account?
- A. The standard set is: (1) original passport, (2) long-term visa, (3) proof of address (tenancy agreement, utility bill, etc.) and (4) a Malaysian mobile number. Banks generally also ask for a letter from your employer or school, so prepare one in advance.
- Q. Can I remit via Japanese megabanks (MUFG, SMBC, Mizuho)?
- A. They do not offer personal accounts. All three have branches in Malaysia, but corporate-only. For personal overseas transfers, use a local or foreign bank account, or a remittance service such as Wise.
