Guide for Renounced Malaysian to update Malaysia’s Bank Account Details
Once you renounce your Malaysian Citizenship, there are many other official documents need to be updated with official new status. For example, existing bank and property related documents. I finally went down to Malaysia bank to update my details since it is not allowed to be done via online system.
I was holding Public Bank Berhad Malaysia bank and here are the tips and procedures that you need to take note in the process of updating your details:
Things To Bring:
1. Borang K
2. Certificate of your Citizenship
3. Latest Passport & Current Nationality NRIC
4. Bank Passbook
P/S: For those who opened a bank account before year 2015, you need to bring your passbook along for the updates.
Be sure to get the documents ready before heading down to the bank. Once you get your Queue number, wait patiently for the customer service representative. The officer will provide you with the forms to sign and updates. He/She will then pass to the back-end operation to update. I was told that the updating will take 1-2 working days.
And you are all set to continue using the bank account.
Also, here are things you need to be aware:
1. You need to go back to the same bank branch where you first opened your account to update your particulars. This is applicable for those who have Public Bank Berhad. So, you might need to double check with other banks.
2. In the event your passport is renewed, you will need to head down back to the bank to update because the account details stated the Passport Number for foreigners.
3. In the event you have other bank-related accounts eg. Fund Investment, Gold Investment and it was opened in different branches, you need to go back to that branch for processing.
4. You are unable to make any transactions online if you did not update your particulars under your bank account. This applies to expired debit cards as well.
Hope this helps and do share your experience. It would be nice to update the information here and share with the rest to avoid unnecessary issues.
21 Comments on "Guide for Renounced Malaysian to update Malaysia’s Bank Account Details"
Hi Hazel,
I’m in the midst of waiting for the approval of my renunciation. May I know in reality roughly how long was your waiting time before getting approved? I’m aware that they mentioned the process can takes up to 8 months but there’s a 6 months period from ICA. Thank you and appreciate your reply!
Hi Eelaine
Once you rennounce, it will takes 3-5 workings to get the form MY-RN1 for you to go to ICA to proceed with your citizenship.
Borang K will take 8 months to 1 year to receive. You can read the details here. https://hazeldiary.com/2020/12/guide-on-how-process-to-renounce-malaysia-citizenship-and-conversion-of-singapore-citizenship/
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Hi Hazel,
I’m a little confused about the Borang K.
ICA gives a timeline of 6 months to complete the renunciation process but the Borang K takes 8 months to be ready. That will definitely exceed ICA’s deadline. So, an extension with ICA is required? Or did I interpret wrongly?
The other question I’ve is regarding travelling. I can imagine travelling will be very restricted due to the renunciation of Malaysia citizenship and application / issuance of the SG passport. I most certainly want to travel, can’t imagine not doing so for 8 months or more. What is the window period for travelling?
Thanks.
Hi Siang Wee
Please read through the process on my post here – https://hazeldiary.com/2020/12/guide-on-how-process-to-renounce-malaysia-citizenship-and-conversion-of-singapore-citizenship/
You can travel even before u collect the Borang K. Borang K is the last step. you can refer to the link i share for more information
I just gotten my Borang K after 14 months of wait. You will have your Singapore passport to travel overseas and to Malaysia my dear.
Hi, for renounciation of citizenship at msia embassy do we still need to email msia high comm or walk in is allowed already?
Hi YH
Walk-in can already
To update bank account details, we need the borang K.. which means for the 8 months until we receive borang K, we cannot update bank details yet? So we just leave it as is until we collect the borang K?
Hi Deborah
Ya.. we need the Borang K to submit to bank for their record.Yes i leave it as it is until i got the Borang K to update
Would that mean, I cannot close and withdraw my EPF account until I have my Borang K with me?
I may already have my Singapore citizenship by then.
Hi Janice
We need to get the Borang K then only can close EPF account.
Hi Hazel,
Thanks for your reply. Noted on the EPF.
While waiting for 8months for Borang K, life goes on here in Singapore as a Sporean, able to travel with Sg passport.
So, I would assume, since I havent done anything to my Malaysian bank accounts (still waiting for BorangK) and its still open, I still can do online transactions and also withdraw money with my ATM card when I visit JB for the weekend?
No change in the bank accounts and EPF till we furnish Malaysian banks wth the Borang K.
Am I right to say that, Hazel?
EPF interest, FD funds will still continue to gain interest till the Borang K is given to all banks to officially change our nationality?Then,only we need to close our EPF and we can carry on wth our FD tenures. No changes, right?
Please advice Hazel or anyone else.
Hi Janice
yes the online transactions and withdrawal still as per normal.
The EPF interest i doubt so. Not sure on this.
Noted.
Thank you, Hazel. 🙂
Hi Hazel,
Another query here on renunciation at MHC.
In the list of forms to be submitted to MHC, it also states to submit:
No. 5)Singapore Pink IC / National Service IC / Blue IC
– original and 2 photocopies.
Hazel, does it mean, we have to submit our BLUE IC( PR IC) to MHC?
Will MHC return our Spore PR IC to us there and then or when we come back to collect receipt payment and Borang MY-RN1 in 3days’ time?
We will require to bring our Spore IC(PR blue IC) to ICA on our apoointment day in intact condition, isnt it?
Please advise as you have gone through this process already.
Hi Hazel,
Regarding The Borong K, may know how long can collect the original form?
Coz i already change my IC nearly 1 years but Borong K still not yet received any information.
Please advise
Thank you
Thank you
Hi New
My Borang K took me 8 months to collect while my friend took more than a year. Perhaps you can email and ask them the status.
Hi Hazel
How would we be notified on the collection of Borang K? Email from High Comm or a letter via post?
TIA ☕
Hi Kay
The High Comm will sent you via post mail after 8 months – 12 months. If not, you can email them to follow up.
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Hi Hazel,
I have question about our bank accounts in Malaysia. Will it be difficult for us to transfer money to Singapore after updating our bank record from Malaysian to Singaporean?
Any additional charges for that?
I just received my approved Borang K, and I need to withdraw my EPF money.
Hope someone here can share their experience.
Thanks.
Hi Jessie
I did not try to transfer money to Singapore after updating the bank record. It is remain as it is as of now.
For EPF withdrawal, you need to go to KWSP.