Opening a Bank Account
Regarding Fixed Deposit Account Setup
Once your application is approved, you must open a fixed deposit account in USD that meets the MM2H program’s requirements.
After maintaining the fixed deposit for one year, you are allowed to withdraw up to 50% of the principal amount for purposes such as purchasing property, medical care, or children's education.
If you decide to terminate your stay in Malaysia early, you may withdraw the full deposit, but you must first apply for and obtain approval from the Ministry of Tourism.
How much do you need to deposit?
Platinum Group: Must have a $1 million regular savings account Gold Group: Must have a $500,000 regular savings account Silver Group: Must have a $150,000 regular savings account Financial Zone Group: 50 years and older must have a $32,000 regular savings account; 21-49 years old must have a $65,000 regular savings account
How can we assist you?
Local banks in Malaysia primarily communicate in English or Malay, and banking documents are also provided in these two languages.
Our company provides a dedicated representative to accompany you throughout the bank account opening process, assisting with form completion and communication with bank staff.
In addition to the fixed deposit account required under the “Malaysia My Second Home” program, we can also assist you in opening personal savings or corporate accounts if needed.