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Does that mean all my scheduled transfers will be rejected? What should I do if I still want to maintain a schedule transfer?

Scheduled transfers that will be rejected are those which are above RM10,000 per transaction and if you are a Non-Resident under the Non-Exempted group.

 

For Non-Residents under the Non-Exempted group, scheduled transfers are only allowed up to RM10,000. If you wish to transfer above RM10,000, you will need to visit any CIMB branch and bring along supporting documents as proof of purpose of transfer (e.g. Invoice) that is allowed under the Foreign Exchange Policy Notices.

 

Refer here for details on which purposes are allowed and which corresponding documents are required.

 

If your scheduled transfer(s) does not exceed RM10,000 per transaction, then it will not be rejected.

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