Asia · MYR · 4 routes

Payouts to Malaysia

Route catalog · MY

Choose a payout method

Supported currencies

MYR

Cutoff & delivery timing

INSTANT

Realtime, 24X7 up to 10 Mn via DuitNow (List of DuitNow supporting banks available)

T+2 with cutoff of 15:00 local time via GIRO (List of GIRO banks available) < 1 Mn MYR

Same Day with a cutoff of 12:45 local time via RENTAS (List of RENTAS banks available) > 10, 000 MYR

Scroll horizontally to compare supported modes

Transaction limit per end-user	B2B	B2P	P2P	P2B
Max	No limit	No limit	No limit	No limit
Min	Not specified	Not specified	Not specified	Not specified

Route details

Select a supported mode

Beneficiary statement narrative

Statement Narrative is passed to the Beneficiary Bank and depends on Beneficiary Bank if it appears in the Beneficiary statement narration. In case no Statement Narrative is provided by user, Sender Name will be passed to Beneficiary Bank as Statement Narrative.

Network participant

Bank

Channels

All banks in Malaysia

Routing code

SWIFT

Proof of payment

Upon request, Proof of Payment for a transaction can be made available.

Notes

Banks maintain a daily limit of MYR 10,000 if the beneficiary bank account holder is not a resident of Malaysia.

Transactions received between 11:00 PM and 1:00 AM local time (3:00 PM–5:00 PM UTC) will be processed at 1:00 AM due to the daily EOD closure at beneficiary banks.

Mandatory data requirements

Remitter

Remitter Name
Remitter Account Type
Remitter Country Code
Remitter Address
Remit Purpose Code
Remitter Identification Type
Remitter Identification Number

Beneficiary

Beneficiary Name
Beneficiary Country Code
Beneficiary Account Type
Beneficiary Account Number

Routing

Routing Code Type 1 - SWIFT Code
Routing Code Value 1

Supporting documents

Remitter Beneficiary Relationship
Nature of Business
Duration of Contract
Commercial Agreement
Current Invoice

Beneficiary account type

CORPORATE

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