Non-resident traveler can bring into or out from Malaysia up to USD 10,000 equivalent of Malaysian Ringgit.
There is no restriction for a non-resident traveler to bring into or out from Malaysia any amount of foreign currency, including traveler’s cheques.
There are numbers of authorised money changers in the city, especially at the ground floor in the shopping centers, such as at the Centre Point, Warisan Square and Wisma Merdeka.
Money changers in the Kota Kinabalu accepts all major currencies such as USD, EUR, GBP, HKD, AUD, SGD…
Money changers, Banks Forex Kiosks or Hotels Forex Booths offer similar exchange rates, you might gain a few cents here and there, but on the whole it won’t be much. Hotels will normally tend to charge more commission. Forex booths in the airport normally offer the worst rates.
ATM, Debit Cards & Credit Cards
There are a lot ATM (Maestro/Cirrus card) machines in the city that you can use your ATM card to withdraw MYR. You can easily find international banks (HSBC, CitiBank, Standard Chartered) or local banks (Maybank, Public Bank) ATM machines to get out cash as needed.
Credit cards (VISA & Master) are widely accepted in most established shops and restaurants. AMEX may not be well accepted compared to VISA and Master. Remember to inform you banks that you are traveling so that your cards won’t be blocked. Do practice basic security rules to protect your cards.