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Malaysia

Type Description
Direct to Bank Method Direct credit to bank account in Malaysia Ringgit (MYR).

Supported sender type – Individual and Corporate

Supported beneficiary type - Individual and Corporate
Transaction Turnaround Time T+0 Malaysia Banking day for transaction processed and received before 2.00pm GMT +8 time

T+1 Malaysia Banking day for transaction processed and received after 2.00pm GMT +8 time

Transaction status will update at T+2 and T+3 after cut-off

Subjected to Singapore office timing and funds being received
Area availability Malaysia nationwide
Amount received Beneficiary received net amount as specified by sender
Transaction Limit Maximum per transaction MYR 999,999.00

Minimum per transaction MYR 1.00

Daily Limit MYR 999,999.00

Compliance accumulated limit MYR 100,000.00 per day per beneficiary

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
Remarks Israel Nationality is not allowed to transact

Non Residence account is limited to only MYR 10,000.00 per transaction per day

Transaction status will be updated after 1.5 Malaysia Banking day after the transaction is sent to bank