Thursday, October 29, 2009

Withdraw Paypal to Malaysian Bank Accounts

Good news for Malaysian Paypal users. We may now withdraw our Paypal funds to bank accounts in Malaysia. Previously we may only do that to our "selected" debit cards, with some amount of charges. With this new features, if we withdraw more than RM400 the transaction fee will be zero. Less than that Paypal will charge us RM3, which is still cheaper compared to withdrawing via Debit Card - now fixed to RM20 per withdrawal regardless of any amount. There's a but to that. Even though the transaction fee is zero, Paypal may charge currency exchange conversion fee of 2.5% from USD to MYR. Hey... nothing is free lah!



You may want to know the SWIFT Code for the banks.

AFFIN BANK BERHAD – PHBMMYKL
ALLIANCE BANK MALAYSIA BERHAD – MFBBMYKL
AMBANK BERHAD - ARBKMYKL
BANK ISLAM MALAYSIA BERHAD - BIMBMYKL
BANK KERJASAMA RAKYAT BERHAD - BKRMMYK1
BANK MUAMALAT BERHAD - BMMBMYKL
BANK OF AMERICA - BOFAMY2X
BANK SIMPANAN NASIONAL - BSNAMYK1
CIMB BANK BERHAD - BSNAMYK1
CITIBANK BERHAD - CITIMYKL
DEUSTCHE BANK - DEUTMYKL
EON BANK BERHAD - EOBBMYKL
HONG LEONG BANK BERHAD - HLBBMYKL
HSBC BANK MALAYSIA BERHAD - HBMBMYKL
MALAYAN BANKING BERHAD - MBBEMYKL
OCBC BANK (M) BERHAD - OCBCMYKL
PUBLIC BANK BERHAD - PBBEMYKL
RHB BANK BERHAD - RHBBMYKL
STANDARD CHARTERED BANK MSIA BHD - SCBLMYKX
THE ROYAL BANK OF SCOTLAND BERHAD (RBS) - ABNAMYKL
UNITED OVERSEAS BANK - UOVBMYKL

I take this as good news. The bad news is I don't have that much fund in Paypal to withdraw.

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