Here is some information for sending money to Malaysia:
Can I send more than the transaction limit in a day?
Yes, you can. If you send more than the limit, we will require some supporting documents from you to verify the purpose of your transaction.
Transaction limit for non-resident bank account
Please note that if you’re sending money to a non-Malaysia resident bank account, the recipient can only receive MYR 10,000/day. So if you’re sending more than MYR 10,000 in a day, the amount received by the recipient will be split into several days.
For example, you’re sending MYR 25,000 to your recipient with a non-resident bank account in one transaction. Your recipient will receive the money completely in 3 days:
MYR 10,000 in day 1
MYR 10,000 in day 2
MYR 5,000 in day 3
Things to note before sending money via e-Wallet (Touch ‘n Go)
In the case of sending money to Malaysia via e-Wallet, there are some things to keep in mind. Kindly check the complete requirements here.
Additional Information
- For SWIFT (USD):
Make sure that your recipient’s bank account currency is in USD.
Make sure that you already have your recipient’s IBAN (if any) and SWIFT Code, as they are required for transactions via SWIFT.
- What is IBAN?
- What is SWIFT Code?The recipient's full name registered in the bank account must be in alphabet letters, including numbers if any (example: VentureTech 365 Ltd).
Some recipient banks might charge a fee which will deduct the amount received.