Maybank — largest bank in Malaysia, most branches, widest ATM network. Good for MM2H holders and long-stay expats. CIMB — strong digital banking, competitive for everyday banking. Public Bank — large network and well-regarded for reliability.
The MM2H programme requires participants to maintain a Fixed Deposit. The specific amount depends on your MM2H category (Silver/Gold/Platinum) and is set at application — it must be placed in a Malaysian bank. Maybank and CIMB are commonly used for MM2H fixed deposits. Confirm current requirements at mm2h.gov.my →
Passport · Malaysia visa (Employment Pass, MM2H pass, or relevant long-stay visa) · Proof of address in Malaysia · Letter from employer or MM2H conditional approval letter (depending on visa type). Visit in person — most Malaysian banks do not yet support fully digital non-resident account opening.
DuitNow is Malaysia's real-time funds transfer service. Transfer using mobile number or IC/passport number. Free for most transfers. Widely used for local payments and receiving salary. Register through your bank's app or online banking once your account is active.
Use Wise or OFX for GBP to MYR. Both support direct deposit to major Malaysian banks. See the UK to Malaysia transfers guide →
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