FOREIGN CURRENCY CALL ACCOUNT-i (qard)

A foreign currency account that answers all your trading needs

Why you will love this

Based on the Shariah principle of Qard

Foreign currency account available in seven foreign currencies of your choice

Transact in a currency suited for your business needs

Who can apply

All businesses including SMEs as defined by SME Corporation Malaysia

Our Foreign Currency Call Account-i is available in seven foreign currencies for your transacting needs.

FEATURES AND BENEFITS
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Cost effective and efficient

Transact directly with the currency of your choice.

Transact directly with the currency of your choice.

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Integrate your business abroad

Broaden your business boundaries.

Broaden your business boundaries.

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Manage and monitor your transactions easily

Get an overview of your account information and balances in real-time, and receive e-Alerts of your transactions, incoming and outgoing funds with OCBC OneTouch on the OCBC Malaysia Business Mobile Banking app.

Get an overview of your account information and balances in real-time, and receive e-Alerts of your transactions, incoming and outgoing funds with OCBC OneTouch on the OCBC Malaysia Business Mobile Banking app.

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Digital banking anytime

Satisfy your banking needs 24/7 on mobile and desktop with OCBC Velocity, our award-winning digital business banking platform, and the OCBC Malaysia Business Mobile Banking app.

Satisfy your banking needs 24/7 on mobile and desktop with OCBC Velocity, our award-winning digital business banking platform, and the OCBC Malaysia Business Mobile Banking app.

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Seamless local and overseas payments

Choose from a variety of methods to expedite funds transfers. For international transfers, remit funds quickly with Telegraphic Transfer (TT) or demand draft for non-urgent transfers.

Choose from a variety of methods to expedite funds transfers. For international transfers, remit funds quickly with Telegraphic Transfer (TT) or demand draft for non-urgent transfers.

INITIAL DEPOSIT
SETTLEMENTS IN RENMINBI (RMB)

Settle trade deals with your Chinese trading partners in Renminbi (RMB).

Chinese trading partners

Renminbi (RMB) Cross-Border Trade Settlement

Under China’s Renminbi Trade Settlement Pilot Programme, you can now
settle trade deals with your Chinese trading partners in Renminbi (RMB)
instead of US dollars. At OCBC Bank and OCBC Al-Amin, we offer you a
fresh level of convenience to carry out all your trade needs denominated in
RMB.


Products and services offered


OCBC Bank and OCBC Al-Amin branches

  • Insurance and Payment of Letter of Credit in RMB
  • Bank Guarantee (Payment Guarantee for Goods and Services)
  • Inward and Outward Remittances
  • Advising, Confirmation and Export Bill for Payment under Letter of Credit in RMB
  • Documentary Collection (Import and Export)
  • Chinese Yuan (CNY) Foreign Currency Account opening

OCBC Velocity

  • Inward and Outward Remittances
  • Letter of Credit
  • Bank Guarantee

Terms and conditions apply.


Telegraphic Transfer (TT) Remittance in RMB

For more info on TT

Fees and charges

Before you apply

Eligibility requirements

Business registration
All businesses, including SMEs as defined by SME Corporation Malaysia, are welcomed to apply.
Required business documents

Fees and charges

Service fee: US$20 or equivalent every 6 months.

Terms and conditions

Protected by PIDM up to RM250,000 for each depositor.

This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000.

  1. Deposit protection is automatic.
  2. PIDM protects depositors holding deposits with banks.
  3. There is no charge to depositors for deposit insurance protection.
  4. Should a bank fail, PIDM will promptly reimburse depositors over their deposit.

For more information, refer to the PIDM information brochures that are available at our counter or visit www.pidm.gov.my.


  Transaction Banking Terms and Conditions (EN)


  Transaction Banking Terms and Conditions (BM)


  Al-Amin Accounts and Services Main Terms and Conditions (EN)


  Al-Amin Accounts and Services Main Terms and Conditions (BM)


READY TO APPLY?

Get your Foreign Currency Call Account-i with us.

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OUR AWARDS AND ACCOLADES

Malaysia International Cash Management Bank of the Year 2021

ABF Wholesale Banking Awards.

ABF Wholesale Banking Awards.

Best Cash Management Bank in Malaysia 2021

Alpha Southeast Asia Best FI Awards.

Alpha Southeast Asia Best FI Awards.

Best Payments and Collections Solution Provider 2021

The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards.

The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards.