Bank "Lien" Letter

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hi,

On renewal you'll need a letter from the bank (on bank notepaper, signed, dated and stamped - the stamp is just to make it look classier) that confirms the FD, and places a lien on it. I'm not sure if this is the same letter as required when making a new MM2H application? Anyone know?

However, this is a sample of the letter so yours will be pretty much the same :

Ketua Pengarah
Jabatan Imigresen Malaysia

dd/mm/yyyy

Dear Sir,

RE: Malaysia My Second Home Programme. Fixed Deposit (FD) or General Investment Account-i (GIA) Placement

We refer to the above mentioned programme and wish to inform that the participant named below has placed with us the FD or GIA as required by you.

Name of Participant :
Passport Number :
Nationality :
Amount of FD :
Tenure :
Expiry Date :
Account Number :

We also advise that we have placed our LIEN on the Fixed Deposit advice, which will only be lifted upon the participant producing a letter from your department authorising the withdrawal.

If anyone has anything that varies much from this then please post so that we can get comparisons.

regards, Scott


ED : 09 June 2011
This sample letter has been updated, and the Item updated.
Refer new Topic Bank Lien Letter as below
Bank Lien Letter & Lien on FDs.

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hi,

For those not familiar with the word "lien" here's the Oxford definition :

lien

  • noun Law a right to keep the property of another person until a debt owed by that person is discharged.

  — ORIGIN Old French loien, from Latin ligamen ‘bond’.


What it means is that you can't touch the FD without getting permission. And, as you are still the only one that can touch it, it still means that no-one else can touch it either. 

regards, Scott
 

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Hi Scott,

The original letter I got from the bank was in Malay, so can't compare.
Guess I will just go to the bank and ask them to write me a new letter.

Regards!

Stephan

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hi, Steph,

That's a really good idea. I'd like to have a couple of alternatives just for the record.

Did the bank stamp your FD with "on Lien to us?"

regards, Scott

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The only stamps on my FD are the ones by the MM2H officers, in red reading MM2H. Guess the "lien" thing must have been in the letter as it did contain the numbers of the FD accounts (got one for 60 and one for 90 thousand)

Regards,

Stephan

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hi, Steph,

I've also got the MM2H stamp on the FD. I think that the folks at Immigration have been doing this for about 3 or 4 years because it wasn't being done 5 years ago.

The "lien" stamp from the bank was something new to me. But it makes no difference as the letter also covers it.

I suppose it's the usual thing that some banks do and some banks don't. A guy at my local Maybank once told me that they were required to stamp MM2H on these FD's, then the bank officer said, "we had a stamp once but now we can't find it."

 

regards, Scott