Banking in Malaysia

Best banks in Malaysia for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Malaysia. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Malaysia

Foreigners generally need a passport plus proof of address and usually an employment pass, MM2H visa or a local reference; some banks offer non-resident foreign-currency accounts. Exact requirements vary by bank and branch.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Malaysia: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.