Maybank USD account review [2026] Malaysia: Features, fees and more

Maybank’s USD account supports US Dollar and other major currencies. Look at this review for its features, fees and account requirements

Key takeaways

• Maybank’s USD account (which is the Master Foreign Currency Accounts), helps businesses to receive and hold USD
• Maybank’s Master Foreign Currency Account (MFCA) supports 16 foreign currencies, but businesses need a separate domestic account for MYR
• WorldFirst’s World Account offers local USD and MYR receiving details and conversions between USD, MYR and CNH for cross-border transactions

The Maybank USD account is actually the Master Foreign Currency Account (MFCA), which allows customers to hold foreign currencies including USD.¹  Businesses can maintain multiple currencies within one account or open separate accounts for individual currencies. But the MFCA does not support MYR, so businesses wanting access to both USD and MYR need to maintain a separate Maybank business account.¹

This review covers the account’s features, fees, eligibility and application process, alongside the World Account by WorldFirst, a multi-currency account that holds both currencies in one account.

What is the Maybank USD account?

Maybank’s Master Foreign Currency Account (MFCA) is a foreign currency account designed for holding 16 foreign currencies.¹  It supports USD alongside other major currencies.¹  Maybank also offers the Shariah-compliant Master Foreign Currency Account-i, which operates under Islamic financing principles.²

→  Learn how to open a USD account in Malaysia

Maybank MFCA at a glance

Pros and considerations of the Maybank USD account

Key features of the Maybank USD account

Receive and pay in foreign currencies

Maybank’s multi-currency account supports 16 currencies, including USD, AUD, CAD, CNH, EUR, GBP, HKD, JPY, NZD and SGD, alongside other currencies.¹ Customers can hold multiple foreign currencies within their account or maintain separate accounts by currency.¹

Maybank provides transfers between eligible savings, current and MFCA accounts.¹ Transfers have a minimum of RM0.01 and a maximum of RM50,000 per transaction. A transaction charge equivalent to US$4 also applies.¹

Online banking access

Existing MFCA customers can access their accounts online through Maybank2u to buy or sell foreign currencies, transfer funds and view transaction history.³ Maybank also provides security enhancements for its MAE app and Maybank2u website, alongside cybersecurity tips to help customers protect their accounts from online threats.³

Deposit protection

The Malaysia Deposit Insurance Corporation (PIDM) protects eligible deposits up to RM250,000 per depositor, subject to its rules and coverage conditions.¹

Maybank USD account fees

*Fees checked in October 2026

Who is eligible for the Maybank USD account?

Maybank’s business account eligibility and documentation requirements depend on the applicant’s legal structure and account type.¹ Eligible business structures may include Sdn Bhd companies, partnerships, sole proprietorships, associations, clubs, societies and cooperatives.¹

How to open a Maybank USD account

1. Contact Maybank: Confirm the applicable MFCA product, minimum deposit requirements, fees and documentation for the business.
2. Prepare your documents: Gather the business registration documents, identification and authorised signatory information required for the account type.
3. Visit a branch: Submit the application and supporting documents for Maybank’s verification and account opening process.

The World Account: A multi-currency payments provider for Malaysian businesses

WorldFirst provides Malaysian businesses with the World Account, a multi-currency account with local receiving details for USD and MYR. Businesses can receive and hold funds in USD or MYR, convert between USD, MYR and CNH, and make payments in these three currencies. The account also supports payouts from 130+ marketplaces and payment gateways, including Amazon, TikTok Shop and Stripe.

Key features of the World Account

• Receive international payments in USD and MYR through local account details that businesses can share with customers and payment platforms
• Hold funds in USD or MYR without converting them immediately
• Send money overseas in USD, MYR or CNH to suppliers, contractors and other recipients
• Convert funds between USD, MYR and CNH within the World Account at no cost
• Collect international payouts from 130+ marketplaces and payment gateways, including Amazon, Etsy, Stripe, Shopee and Shopify
• Pay suppliers for 1688.com purchases through World Pay, the authorised international payment provider for 1688.com
• Place Firm Orders for USD, MYR and CNH payments

FAQs

1. Is the Maybank USD account the same as the Master Foreign Currency Account?

Yes. Maybank’s USD account in Malaysia is the same as the Master Foreign Currency Account, which supports USD alongside other foreign currencies.¹ Customers can maintain multiple currencies or separate accounts by currency.¹

2. Does the Maybank USD account hold MYR too?

No. MFCA supports foreign currencies only.1 Businesses needing MYR need to maintain a separate Maybank domestic business current account.¹

3. How much does the Maybank US Dollar account cost?

Maybank lists a minimum investment of RM1,000.¹  But specific account opening, international payment and currency conversion fees are not published on the public MFCA landing page.

Sources

1. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/accounts/current/mfca.page
2. https://www.maybank2u.com.my/maybank2u/malaysia/en/business/deposits/deposit_account/master_foreign_currency_account_i.page
3. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/online_banking_security.page?