Most Popular Student-Friendly Banks in Malaysia for International Students

11 September 2025

Starting your study journey in Malaysia is exciting, but one of the most important first steps is setting up a student bank account. A reliable bank provides a simple way to track your money from abroad to pay tuition fees, living costs, or receiving money from family back home. Malaysia has a well-developed and efficient banking system, and some banks even provide special services for international students. These services include (but are not only limited to) low opening deposits, easy online banking products, and fast international money transfers—that facilitate international student life so that it’s less stressful.

At BCES Admissions Abroad, we recognize that financial security is equally as crucial as making the right university choice. As much as we offer admission assistance, we also assist students in day-to-day matters like making the right student-friendly banks in Malaysia. Here is all you need to make the best decision.

Why International Students Should Choose Student-Focused Banks

Banking isn’t merely keeping an account—it’s convenience, security, and affordability. The proper bank makes sure you can concentrate on education without stressing over complex transactions or subtle charges. The ideal banks for students provide:

• Low or no minimum balance requirements
• Low-cost and quick international money transfers.
• 24/7 mobile and online banking.
• A vast ATM network throughout Malaysia.
• Clear policies and low service fees.

Choosing the right one saves time, lessens financial burden, and enhances your student life overall.

Best Student-Friendly Banks for International Students in Malaysia

1. Maybank

Since it is Malaysia’s largest bank, Maybank is also the preferred choice of international students. Its huge ATM and branch network means that it is easy to make transactions on a daily basis. The student accounts have low opening deposits, fast remittance facilities, and a simple-to-use app, making it suitable for financial management and university fee payments.

2. CIMB Bank

CIMB is particularly popular for its robust digital banking capabilities. International money transfers are low in cost, account opening processes are straightforward, and debit cards are easily accepted in Malaysia and overseas. For those interested in speedy mobile banking, CIMB is an excellent choice.

3. RHB Bank

RHB is gaining popularity among young customers. It provides simple account opening, competitive rates for transfers, and from time to time, student promotions like offers on lifestyle items. Its affordability and convenience ensure that it is an attractive option for international students in Malaysia.

4. Hong Leong Bank

Hong Leong emphasizes ease of access and affordability. Students like its minimal transaction charges, seamless mobile services, and speedy cross-border transactions. The bank is particularly trusted for handling international remittance without unnecessary delays.

5. Public Bank

Public Bank is renowned for its good customer service. It offers student-specific accounts with minimal minimum deposits, a broad network of branches, and reliable transaction of tuition fees and foreign remittances.

Documents You’ll Need to Open a Student Account

Before visiting the bank, prepare these essentials:

• A valid passport with your student visa.
• Your university offers a letter or student ID.
• Proof of local address, such as a rental agreement or utility bill.
• An initial deposit (usually RM 250–RM 500 depending on the bank).

How to Pick the Right Bank as an International Student

Consider these factors before deciding:

• The distance of the closest branch or ATM to your residence or school.
• International money transfer fees, as you might receive remittances from overseas.
• Online banking facilities for convenience of transactions.
• Benefits such as cashback, discounts, or fee waivers for students.

Malaysia is a great place to pursue higher studies, and only having to deal with one bank would only make it easier for you.  Whether you value Maybank’s nationwide presence, CIMB’s advanced digital services, or Public Bank’s trusted customer care, these student-friendly banks can support your financial needs while you focus on achieving your academic goals. If you would like expert assistance for studying abroad in Malaysia, please connect with BCES Admissions Abroad at +91 9319996330 and put us to work for you on every aspect of your overseas education.