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There will be no TT charges involved to transfer the funds. However, beneficiary bank/agent will charge a fee from the total amount payable to the beneficiary. The fee ranges from country to country.

Cancellation and/or amendments cannot be done after a transaction is submitted/confirmed . However, should there be any genuine reasons for cancellation and/or amendments, Kenanga Investment Bank shall not be liable for any potential foreign exchange losses. All potential losses shall be borned by customer.

Yes. A remittance/confirmation advised MT103 will be issued and it can be downloaded from the KenangaFX platform.

There will be no minimum or maximum amount to transact. However, the maximum limit is subject to FEN Notice 3-Investment in Foreign Currency Asset as well as the daily maximum transfer limit of your personal/corporate bank account.

The Foreign Exchange Notice (FEN) rules are a set of Foreign Exchange Regulations set out by Bank Negara Malaysia (BNM). This FEN rules will apply if you have any Domestic Ringgit Borrowing(s) or non-Domestic Ringgit Borrowing.

For Resident Individuals, Sole Proprietors and General Partnerships
Should you have any Domestic Ringgit Borrowing(s),your annual investment in foreign currency assets (inclusive of those performed with other licensed onshore banks) limit will be capped at RM1mio per calendar year. Likewise, if you are free from Domestic Ringgit Borrowing(s), there will be no capped to your annual investment in foreign currency assets.

*Domestic Ringgit Borrowing(s) is defined as having more than 1 car(s) or housing loan(s).

For Resident Entities
Should you have any Domestic Ringgit Borrowing(s), your annual investment in foreign currency assets (inclusive of those performed with other licensed onshore banks) limit will be capped at RM50mio per calendar year (includes any other resident entity within its group of entities with parent-subsidiary relationship which has a Ringgit Borrowing). Likewise, if you are free from Domestic Ringgit Borrowing (s), there will be no capped to your annual investment in foreign currency assets.

KenangaFX account accept both online and offline payment. Online banking like FPX is available while offline payment like IBG,RENTAS,DUITNOW, funds from Client Trust Account (CTA) and funds from deposits are available.

All foreign funds remittances are done by SWIFT straight-through processing. However, the actual time for the beneficiary/recipient to receive the funds depends on the respective beneficiary/recipient(‘s) agent bank.

Please contact our Customer Care Service Centre at 603 - 2172 2911 or email us at [email protected]