Manage your foreign currency requirements.

Details

There are many reasons why you would need a Foreign Currency Deposit. Whether you are looking for an investment opportunity, to pay for your child's education overseas, an international business venture or if you earn a regular income in foreign currency, this account is the perfect answer. You can choose to invest in either or both:

  • Foreign Currency Savings Account that gives you the flexibility to access your funds anytime as there is no lock-in period (Eligible for protection by PIDM)
  • Foreign Currency Fixed Deposit Account that earns you attractive interest rates with a choice of tenure from 1 week to 12 months (Eligible for protection by PIDM)

With over 150 years of banking expertise in over 70 countries across Asia Pacific, the Middle East, Africa, Europe and the Americas, you'll have peace of mind in knowing your funds are in good hands.

What are the benefits of Foreign Currency Deposits?

More Savings with Preferential Rates

Leverage on our preferential exchange rates* giving you even better mileage with your foreign currency. It's a win-win situation.

* Please speak to us for a preferential exchange rate

More Possibilities, More Opportunities

With 10 major currencies to choose from, you'll have more opportunities to diversify

  • Australian Dollar
  • Canadian Dollar
  • Euro Dollar
  • Hong Kong Dollar
  • Japanese Yen
  • New Zealand Dollar
  • Pound Sterling
  • Singapore Dollar
  • Swiss Franc
  • US Dollar

Higher Flexibility

Whether you want to maintain or remit your funds in your selected foreign currency or convert at a favourable exchange rate, you can be assured that help is at hand for whatever your needs.

Convenience

For those who are always on the move, you'll be able to view your transaction details via Online Banking anytime, anywhere.

FAQs

    • Who is classified as a Resident or a Non-Resident?

      A resident is classified as:

      • Malaysian citizens, excluding those who hold a foreign PR and reside abroad
      • Non-citizens of Malaysia who have obtained PR status and resides in Malaysia

      A non-resident is classified as:

      • Any person other than a resident
      • A Malaysian citizen with PR abroad and resides abroad
    • How do I open a Foreign Currency Deposit?

      The same procedure applies as opening a normal savings or fixed deposit account. However, in order to open a Foreign Currency Fixed Deposit Account, you must first open a Foreign Currency Savings Account.

    • Are there any restrictions when you open a Foreign Currency Deposit?

      No, there are no restrictions. Residents and non-residents are free to open Foreign Currency Deposit for any purpose.

    • What are the benefits of opening a Standard Chartered Foreign Currency Deposit?
      • Save on foreign exchange losses that would arise from the exchange conversion process
      • Get preferential FOREX rates from our dedicated Retail Treasury Desk Dealers
      • Earn attractive interest rates on your deposits
      • Flexible placement tenures for your funds

Learn more »


Terms and Conditions apply. The Bank reserves the right to amend the facilities, and terms and conditions without notice.

Member PIDM

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Call our hotline for further information.

1300 888 888

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Alternatively, please complete our contact form and we will be in touch as soon as possible.

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Disclaimer

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