MM2H Fixed Deposit Requirements
MM2H applicants are required to place fixed deposits with a licensed Malaysian bank. We help clients understand the banking process, prepare required documents and coordinate with suitable Malaysian banking channels where available. This guide covers all major banks, CIMB document requirements, UOB wealth positioning and essential banking preparation steps.
Each MM2H category requires a specific fixed deposit amount placed with a licensed Malaysian bank
The fixed deposit must remain in place for the duration of the MM2H pass term
Partial withdrawals may be permitted for specific purposes such as property purchase, medical expenses or children's education
Interest rates vary by bank and term — typically between 2.5% and 4.0% annually
Banking services are subject to each institution's compliance and KYC requirements
CIMB requires Conditional Approval Letter, original passport, approved Social Visit Pass and Malaysian residential address proof for MM2H FD placement
UOB positions MM2H services around account opening, wealth advice and privilege banking support for global citizens
MM2H Fixed Deposit Tiers by Category
USD 1,000,000
20 years
USD 500,000
15 years
USD 150,000
5 years
USD 32,000
10 years
Fixed deposit amounts are indicative and subject to official MM2H policy changes. Please verify current requirements with your advisor.
Banks Supporting MM2H Applicants
Bank of China Malaysia
Strong international banking network with Chinese-language support for MM2H applicants. Offers dedicated MM2H fixed deposit accounts and cross-border wealth management services.
CIMB Bank
One of Malaysia's largest banks with comprehensive MM2H fixed deposit products. CIMB requires MOTAC Conditional Approval Letter, original passport, approved Social Visit Pass and proof of Malaysian residential address for MM2H FD placement.
UOB Malaysia
Regional bank positioning MM2H services around account opening, wealth advice and privilege banking support for global citizens. Strong Singapore-Malaysia cross-border remittance infrastructure.
OCBC Malaysia
Established regional bank offering MM2H fixed deposit solutions and wealth advisory for international clients. Premier banking tier available for higher deposit levels.
HSBC Malaysia
Global bank with premium banking services for international clients, including MM2H applicants. Premier tier offers global account visibility and international transfer benefits.
Maybank
Malaysia's largest bank by assets, offering extensive branch networks and MM2H-compatible fixed deposit products. Strong Islamic banking options for Muslim clients.
Public Bank
Strong Malaysian bank known for property lending and fixed deposit products suitable for MM2H clients. Competitive deposit rates and reliable local branch presence.
What CIMB Requires for MM2H FD Placement
CIMB states that MM2H fixed deposit placement requires specific supporting documents. Being prepared with these items before arriving in Malaysia will save significant time.
Conditional Approval Letter from MOTAC (Ministry of Tourism, Arts and Culture)
Original passport of the MM2H applicant
Approved Social Visit Pass (for endorsement period)
Proof of Malaysian residential address
Additional documents may be requested at the bank's discretion
UOB Positioning for Global Citizens
UOB positions its MM2H service around account opening, wealth advice and privilege banking support — not just a transaction, but a relationship for global families.
Account opening with dedicated MM2H client onboarding
Wealth advisory services for global citizens relocating to Malaysia
Privilege banking tier with personalised relationship management
Cross-border remittance and FX services for family fund transfers
Access to UOB regional network across ASEAN markets
Choosing the Right Bank for Your Profile
| Bank | Best For | Key Advantage |
|---|---|---|
| Bank of China Malaysia | Chinese-speaking applicants | Cross-border wealth & Mandarin support |
| CIMB | Local presence & digital banking | Largest local network, SEZ/SFZ support |
| UOB | Singapore-linked families | Privilege banking, regional remittance |
| OCBC | Wealth-focused clients | Premier tier, FX services |
| HSBC | Global account holders | Premier global transfers & visibility |
| Maybank | Broad local access | Largest branch network, Islamic options |
| Public Bank | Property-linked clients | Strong property lending, competitive rates |
We are not a bank. Final account opening, fixed deposit placement and banking services are subject to each bank's internal compliance review and approval. Interest rates and terms are subject to change. CIMB and UOB requirements and positioning are based on publicly available information at the time of publication.
Discuss Your Banking Preparation
Our advisors can help you understand banking requirements, evaluate bank options and prepare documents before your Malaysia arrival.
View Full Banking Guide