Fidelity Asia Bank (FAB) in Malaysia

[Silvio]

Apparently they open personal\corporate accounts for non-residents.

They have some correspondent bank issues which I guess is not a good sign, has anybody here opened with them?

 

[Spinat]

You mean Home for how long did they have problems with the correspondent bank? do you know what the issue is?

 

[Silvio]

"Kindly be informed that FAB is now facing challenge in corresponding bank relationship where it effects the entire banks’ outward payment processing, as such outward remittance is only available in EUR currency whilst inward remittance is still business as usual ( available currency: USD/EUR/GBP ). Outward remittance processing shall take around 1 to 2-weeks turnaround time as we are seeking assistance from our parent bank’s intermediary bank to help us process."