Money answers for Malaysia
Each question has a short answer. The link opens the full card, then the official page.
What protects a bank deposit in Malaysia?
PIDM protects an eligible deposit in Malaysia automatically, up to RM250,000 per depositor at each member bank, and you do not apply or pay for that cover.
What identity does a bank accept from a foreigner in Malaysia?
Bank Negara's verification guidance says a bank should accept only an official and valid foreign passport issued by a foreign government, and a visa to enter Malaysia where one applies.
Can a non-resident investor open a ringgit account in Malaysia?
Bank Negara says a non-resident investor is free to open a ringgit account or a foreign-currency account with a licensed onshore bank in Malaysia.
How do I see my own credit report in Malaysia?
CCRIS is the credit record Bank Negara Malaysia keeps from reports by participating institutions, and the central bank says it is not a blacklist.
Where do I file an income tax return in Malaysia?
Lembaga Hasil Dalam Negeri is the agency that assesses income tax on an individual in Malaysia, and the return for a year of assessment is filed on the Hasil site.
What does SOCSO cover for an employee in Malaysia?
PERKESO runs the social security schemes for an employee in Malaysia, including the employment injury scheme and the invalidity scheme.
Who must contribute to the EPF in Malaysia?
A person who is an employee under the EPF Act 1991 must contribute to the Employees Provident Fund in Malaysia, including a permanent, contract, part-time, temporary, or probationary employee.
How do I protect myself from a bank scam in Malaysia?
Bank Negara Malaysia says it does not collect personal banking details by email, text, or a phone call, and that banks in Malaysia do not ask for those details when they contact you.
Are public holidays the same in every state in Malaysia?
The official government portal of Malaysia says a federal public holiday is declared by the federal government and applies in every state.
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Money
Plain answers to everyday money questions, with official links. Not advice.
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