Savings Account

• applicants under 50 need a savings account or fixed deposit of US$75,000 or RM300,000 in a bank in Malaysia
• applicants over 50 need a savings account or fixed deposit of US$40,000 or RM150,000
  OR
  they need to show evidence of a monthly income over US$2500 or RM10,000.

Applicants placing fixed deposits in a savings account can withdraw part of the money of the savings account after one year, but the money needs to be spend again inside Malaysia:

• to buy a car in Malaysia,
• to buy a house in Malaysia
• to buy shares in Malaysia.

Unfortunately, you cannot take out money from your savings account to by one of those beautiful dresses made in Malaysia...

Before April 2006, the amount of Money in your savings account was lower, yet you also needed a "sponsor". The sponsor is no more needed as the guaranty of money that comes in Malaysia is now solely yore responsibility and it is visibly there when you apply for your Malaysia My second Home.

Be aware: during your stay under the Malaysia My Second Home Visa, you are not allowed to work anywhere in Malaysia unless approved by the government.

As long as your Malaysia My Second Home Visa is valid, at least US$15,000 or RM60,000 has to be in your savings account.