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.