Student Preferential FX Rate is designed for students and their family members to benefit from the Special Foreign Exchange Rates on all educational foreign exchange remittances.

Who is entitled for the Student Preferential FX Rates?

• Students studying overseas
• Students in local colleges with Foreign University affiliation
• Students in Twinning Programmes (e.g. 2+1 or 2+2 programmes)
• Post Graduate Programmes (e.g. MBA through Malaysian Institute of Management)
• Professionals (CPA Annual Membership / Examination Fees)
• Parents / Family Members / Guardian who are supporting the student's education costs
• Colleges / Educational Institutions (which offer courses to students under Foreign University affiliation and Twinning Programmes)
• Foreign Students / Lecturers in Malaysia

Types of payments eligible for the Student Preferential FX Rates

• School / Tuition Fees
• Examination Fees
• Professional Membership Fees
• Students' Accommodation / Living Expenses

What are the key currencies ?

• US Dollar
• Australian Dollar
• Canadian Dollar
• British Pound
• New Zealand Dollar
• Euro
• Indian Rupee
• Japanese Yen
• Singapore Dollar
• Other currencies are available upon request

What are the documents required to apply for the Student Preferential FX Rates?

• Standard Remittances Form and
• Valid Student ID; or
• Letter of Acceptance from College; or
• Student Visa; or
• Other relevant supporting documents

Terms & Conditions for the Student Preferential FX Rates

• Standard Terms & Conditions of Remittances
• Name of the student(s) or educational institute (as provided in the supporting documents) to be the sole beneficiary
• Form P / Form R for remittances valued more than RM50,000 equivalent in the chosen foreign currency (as per Bank Negara Malaysia Guidelines)

Where can I apply for the Student Preferential FX Rates?

• RHB Bank Branches
• RHB Bureau de Change

Open an RHB Bank account