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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 |
Compliance Limit: Any amount
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 |