I called one TT company this morning and talking to some bankers on how to bring money to Malaysia...
This daily 10K limit is really a big inconvenience for foreigners... I am wondering in future if we need to bring money out of Malaysia, what kind of trouble will the foreigners like to be subjected to..
I still don't have good solution.. Is it easier to TT money into foreign bank like HSBC or local bank like Maybank, RHB, Public etc?
Hi Arsenal, if I remember correctly, you bought a unit at HH. We have telegraphic transferred a few times to HH without any problem and will continue to do so, I think just as long as the Money Exchange company you engage is licensed and authorized, there shouldn't be much problem.
T/T to your own account in foreign bank also has the 10K limit, so unless your wife is Malaysian and has a Malaysian account, or you should just telegraphic transfer to HH directly.
4 things to note when transfering to HH.
1) When you applied for t/t, you will fill up the application form, remember to write your unit number, name & contact number, and precinct. (we only mentioned name and contact number, they had to verify the unit and purchase price to check the down payment amount)
2) Make a copy of the app form you have filled up and ask for statement/receipt if possible. (we didn't)
3) Follow up with Angie from the marketing department or customer care office. I don't think it is her jobscope, but she helped us anyway, I've never gone to the customer care office so I do not know how they operate.
4) Within the week, a staff will call you to ask for a statement (I can't remember what is this statement called). But you can request from the t/t agency (they will fax to you). This is a proof/statement from Public Bank that tells you they have received the amount from you, payable to HH. Then you need to bring this copy to the marketing department or customer care office. (opens only on weekdays). And once they have verified, they will issue you a receipt/invoice and send a letter to inform you they have received the down payment.
Hope this helps.