Docs

Malaysia

Bank account

TypeDescription
Direct to Bank methodDirect credit to bank account in Malaysia Ringgit (MYR).
Supported beneficiary account type – individual and company.
Supported Sender type - Individual and company.
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.
Area availabilityMalaysia nationwide
Validation / Verification· No account validation or verification available.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction MYR 999,999.00
Minimum per Transaction MYR 1.00
Daily Limit MYR 999,999.00
Compliance accumulated limit MYR 200,000.00 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.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
RemarksIsrael Nationality is not allowed to transact.
Non Residence account is limited to only MYR 10,000 per transaction per day.
Transaction status will be updated after 1.5 Malaysia Banking day after the transaction is sent to bank.
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1 Affin Bank Berhad 6000001
2 Affin Islamic Bank Berhad 6000002
3 Agro Bank 6000003
4 Alliance Bank Berhad 6000004
5 Alliance Islamic Bank Berhad 6000005
6 Al-Rajhi Banking and Investment Corporation (M) 6000006
7 AMBank Islamic 6000007
8 AMBank Berhad 6000008
9 Bank Islam Malaysia Berhad 6000009
10 Bank Kerjasama Rakyat Berhad 6000010
11 Bank Muamalat Malaysia Berhad 6000011
12 Bank of America Malaysia Berhad 6000012
13 Bank Simpanan Nasional Berhad 6000014
14 BNP Paribas (M) Bhd 6000015
15 BNP Paribas (M) Bhd (Islamic) 6000016
16 CIMB Bank Berhad 6000017
17 CIMB Islamic Bank 6000018
18 Citibank 6000019
19 Deutsche Bank Malaysia Berhad 6000021
20 Hong Leong Bank Bhd 6000022
21 Hong Leong Islamic Bank Bhd 6000023
22 HSBC Amanah Malaysia 6000024
23 HSBC Bank Berhad 6000025
24 Indust & Comm Bank of China (M) Berhad 6000026
25 JP Morgan Chase Bank Berhad 6000027
26 Kuwait Finance House Malaysia Berhad 6000028
27 Malayan Banking Berhad 6000029
28 MayBank Islamic Berhad 6000030
29 Mizuho Bank (M) Berhad 6000031
30 OCBC AL-AMIN Bank Berhad 6000032
31 OCBC Bank Berhad 6000033
32 Public Bank Bhd 6000034
33 Public Islamic Bank Bhd 6000036
34 RHB Bank Berhad 6000037
35 RHB Islamic Bank Berhad 6000038
36 Standard Chartered Bank 6000039
37 Standard Chartered SAADIQ Bhd 6000040
38 Sumitomo Mitsui Banking Corporation (M) Bhd 6000041
39 United Overseas Bank (M) Bhd 6000043
40 Agrobank (Islamic) 6000046
41 Bank Simpanan Nasional (Islamic) 6000048
42CIMB Investment Bank Berhad 6000052

Real time transfer

TypeDescription
Direct to Bank methodDirect credit to bank account in Malaysia Ringgit (MYR).
Supported beneficiary account type – individual and company.
Supported Sender type - Individual and company.
Transaction Turnaround Time· Real-time: 24x7 (within 15 minutes).

If hits partner screening issue:
. T+0 Malaysia working day for transaction processed and received before 5.00pm GMT +8 time
. T+1 Malaysia working day for transaction processed and received after 5.00pm GMT +8 time
For example:
. A transaction hit screening issue and before 5pm, transaction will be marked to final screening status and process the transaction within the same transaction day.
. A transaction hit screening issue and after 5pm, transaction will be marked to final screening status and process the transaction in next working day.
Area availabilityMalaysia nationwide
Validation / Verification· Real-time account verification and validation with account holder name.
· It is highly recommended that using the Get_Validation method to get the beneficiary name before Do_Transfer method.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitInternal Account (Resident):
Maximum per Transaction MYR 1,000,000.00
Minimum per Transaction MYR 1.00
Compliance accumulated limit MYR 200,000.00 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.

External Account (Non Resident):
Maximum per Transaction per day MYR 10,000.00
Minimum per Transaction MYR 1.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
RemarksIsrael Nationality is not allowed to transact.
Do_Transfer bAccType Value10

Supported bank

NoNameIssuer Bank
1Affin Bank Berhad6000001
2Affin Islamic Bank Berhad6000002
3Agro Bank6000003
4Alliance Bank Berhad6000004
5Alliance Islamic Bank Berhad6000005
6Al-Rajhi Banking and Investment Corporation (M)6000006
7AMBank Islamic6000007
8AMBank Berhad6000008
9Bank Islam Malaysia Berhad6000009
10Bank Kerjasama Rakyat Berhad6000010
11Bank Muamalat Malaysia Berhad6000011
12Bank of America Malaysia Berhad6000012
13Bank Simpanan Nasional Berhad6000014
14BNP Paribas (M) Bhd6000015
15CIMB Bank Berhad6000017
16CIMB Islamic Bank6000018
17Deutsche Bank Malaysia Berhad6000021
18Hong Leong Bank Bhd6000022
19Hong Leong Islamic Bank Bhd6000023
20HSBC Amanah Malaysia6000024
21HSBC Bank Berhad6000025
22Indust & Comm Bank of China (M) Berhad6000026
23JP Morgan Chase Bank Berhad6000027
24Kuwait Finance House Malaysia Berhad6000028
25Malayan Banking Berhad6000029
26MayBank Islamic Berhad6000030
27Mizuho Bank (M) Berhad6000031
28OCBC AL-AMIN Bank Berhad6000032
29OCBC Bank Berhad6000033
30Public Bank Bhd6000034
31Public Islamic Bank Bhd6000036
32RHB Bank Berhad6000037
33RHB Islamic Bank Berhad6000038
34Standard Chartered Bank6000039
35Standard Chartered SAADIQ Bhd6000040
36Sumitomo Mitsui Banking Corporation (M) Bhd6000041
37United Overseas Bank (M) Bhd6000043
38Bank of Tokyo-Mitsubishi UFJ (M) Berhad6000054
39Touch N Go6000053
40Bank of China (Malaysia) Berhad6000056
41China Construction Bank (Malaysia) Berhad6000057