|Cash-out Method||Direct credit to bank account in Malaysia Ringgit (MYR). Supported beneficiary account type – individual and company.|
|Transaction Turnaround Time||
Subjected to Singapore office timing and funds being received
|Area availability||All Malaysian banks nationwide|
|Validation / Verification||Account validation with beneficiary name, beneficial bank name, bank code and bank account number|
|Amount received||Beneficiary received net amount as specified by Sender|
Maximum per Transaction MYR 150,000.00
Minimum per Transaction MYR 120.00
Daily Limit MYR 999,999.00
Compliance accumulated limit MYR 100,000.00 per day
Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
|Service Charge||Transaction fee will not be refunded upon submitted to the banks.|
|Cancellation Process||Cancellation is on best effort basis.|
Israel Nationality is not allowed to transact.
Non Residence account is limited to only MYR 10,000 per transaction per day. Transaction status will be updated after 1.5 Malaysia Banking day after the transaction is sent to bank.