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What is the transaction limit for a Non-Resident under the Non-Exempted Group?

A Non-Resident individual under the Non-Exempted Group is only allowed to perform a Fund Transfer of up to RM10,000 per transaction. For transactions above RM10,000, a Non-Resident individual will need to visit a CIMB branch to produce supporting documents and as proof of purpose of transaction.

 

This transaction limit of RM10,000 applies to Non-Residents under the Non-Exempted Group only. For Non-Residents under the Exempted Group, there will be no transaction limit hence customers can proceed to perform transactions above RM10,000 per transaction.

 

In the table below is the list of approved purposes of transactions and examples of documents that can be used as proof of purpose:

No

Purpose

Examples of documents to support transaction

1.

Between immediate family (parents, spouse, children and siblings only)

Marriage certificate, birth certificate, identity cards, passports

2.

Employment overseas

Letter of offer from employer, letter from employer confirming employee identity and status of employment, work permit, payslip

3.

Loan repayment

Letter of offer or loan agreement, loan repayment schedule, promissory note

4.

Goods and services

Invoice, bill of lading, purchase order, delivery order, supply contract, service / tenancy / rental agreement, payment advice

5.

Ringgit asset, including any income and profit due

Sale and purchase agreement, receipt for purchase or sale, tenancy / rental agreement, dividend payment notice

6.

Payment of any security or financial instrument (conventional and Islamic), payment of commodity murabahah transaction through resident commodity trading service provider, payment of derivative with a resident futures broker

Letter of account opening, contract notes with due dates, resident broker invoices to the buyer / customer

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