How to Open a Bank Account in Malaysia as a Student

Recommended Banks

• Maybank: The largest bank. Best mobile app (MAE) and ATMs are everywhere.
• CIMB: Very student-friendly and easy to open.
• Bank Islam: Great for those who strictly want Shariah-compliant banking without mixing funds.

Documents You Need

You CANNOT open an account with just a passport. You must bring:
1. Original Passport
2. Student Verification Letter (from your Uni)
3. Offer Letter
4. Minimum Deposit (usually RM 250)

Wise (Transferring Money)

We highly recommend setting up a Wise account. It allows your parents to send money from home to your Malaysian bank account with much lower fees than traditional swift transfers.

Ready to Start Your Journey?

Neogoals is here to help you every step of the way. Chat with us on WhatsApp for a free consultation today!