Where must you place the MM2H fixed deposit?
MOTAC specifies a licensed local financial institution for the MM2H deposit. Separate programme approval, bank onboarding and deposit evidence.
The short answer
MOTAC’s FAQ says the MM2H fixed deposit must be held with a local financial institution licensed under the Financial Services Act 2013 or the Islamic Financial Services Act 2013. That describes the institution’s regulatory status. You still need to confirm the actual bank process, required evidence and conditions applying to your participation.
What kind of institution does MOTAC specify?
The official deposit-location FAQ (external website) points to locally licensed financial institutions under the Financial Services Act 2013 or Islamic Financial Services Act 2013. Do not assume that money held in any account, overseas branch or investment product satisfies this requirement simply because its provider uses a familiar banking brand.
This article does not recommend a bank or establish that a particular product qualifies. The correct questions are about the institution, the account arrangement and the evidence required by the programme. Obtain those answers before relying on a product description or promotional interest rate.
Which questions belong to the programme and which to the bank?
The programme question concerns what deposit arrangement and supporting evidence are acceptable for the participant’s category. The bank question concerns its account-opening, identity-checking, funding and operating procedures. An answer from one side does not automatically resolve the other side’s requirements.
Prepare separate question lists. Ask the operator what official evidence must be produced and at what stage. Ask the bank which documents it needs, who must attend and how it will describe the deposit on its confirmation. Record the answers rather than assuming all banks use the same process.
How should you plan a transfer?
Map the source of funds, transfer destination, expected currency conversion and any verification steps before setting a payment deadline. Treat exchange rates, fees and bank processing estimates as items to confirm with the actual providers. A programme threshold is not a bank’s complete transaction quotation.
Verify payment instructions through an established channel. Do not transfer programme money to an intermediary’s personal account merely because a message says it will later be placed in a bank. Seek appropriate advice where ownership, tax reporting or the source of funds requires professional assessment.
What records will help later?
Keep the bank’s accepted deposit evidence and relevant programme correspondence in a secure private file. Record where originals are held and who needs access. The fixed-deposit guide explains why committed money should be separated from ordinary moving costs.
Finally, ask about withdrawal and closure procedures before assuming the funds can finance another obligation. Partial withdrawal during participation and full release after cancellation are different questions. Use the withdrawal guide to prepare a focused enquiry; it does not promise that a bank will release money on demand.
Related questions readers ask
Does any savings product qualify?
Do not assume so. Confirm the institution, deposit arrangement and programme evidence for the actual participation.
Does a good interest rate settle the decision?
No. Product suitability, programme conditions and the bank’s operating process also need checking.
Can MM2H.org receive the deposit?
No. The publication does not collect or hold applicants’ programme deposits.
Explore your programme options.
Read the programme guides and compare the four federal options to plan your next questions.
Explore MM2H programmes Compare the four federal programmesSources & further checking
- MOTAC FAQ: Where must you place the MM2H fixed deposit? (opens in new tab) (external website)
Source consulted: 12 November 2026. Recheck current information before acting.
- MOTAC MM2H programme and official documents (opens in new tab) (external website)
Source consulted: 12 November 2026. Recheck current information before acting.
General editorial information, not immigration, legal, tax or financial advice. Suggest a correction.