Malaysian Ringgit (MYR) Payment Guides
Overview
| Payment Type | SWIFT (Priority) | Local (Regular) |
|---|---|---|
| Cut off time (UK Time) | n/a | 4:30 pm |
| Delivery time frame | n/a | 0 days |
| Maximum payment size | n/a | MYR 100,000 |
| Payment Scheme | n/a | IBG |
| Destination countries | n/a | Malaysia |
| Traces | n/a | No |
| Recalls | n/a | No |
| Ultimate payer displayed? | n/a | No |
Required Details
Local (Regular) Payment
Local MYR is a restricted currency. For more information, please visit our FAQ.
| Field | Individual | Company | Permitted Data | Notes |
|---|---|---|---|---|
| Beneficiary Entity Type | ✓ | ✓ | ‘individual’ or ‘company’ only | |
| Beneficiary First Name | ✓ | ✕ | 1-255 characters* | |
| Beneficiary Last Name | ✓ | ✕ | 1-255 characters* | |
| Beneficiary Company Name | ✕ | ✓ | 1-255 characters* | |
| Beneficiary Address | ✓ | ✓ | 1-255 characters* | |
| Beneficiary City | ✓ | ✓ | 1-255 characters* | |
| Beneficiary Country | ✓ | ✓ | 1-255 characters* | |
| Account Number | ✓ | ✓ | 1-16 digits | We validate that the account number provided is a valid one. We do not currently perform checks against the account name. |
| BIC SWIFT | ✓ | ✓ | Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters | |
| Payment Purpose Code | ✓ | ✓ | List of available payment purpose codes available here | |
| Payment Currency | ✓ | ✓ | 3 letter ISO currency code | |
| Payment Amount | ✓ | ✓ | Numeric amount | |
| Payment Reference | ✓ | ✓ | 1-255 characters* | |
| Payment Reason | ✓ | ✓ | 1-255 characters* | |
| Payer Entity Type | ✓ | ✓ | ‘individual’ or ‘company’ only | |
| Payer First Name | ✓ | ✕ | 1-255 characters* | |
| Payer Last Name | ✓ | ✕ | 1-255 characters* | |
| Payer Company Name | ✕ | ✓ | 1-255 characters* | |
| Payer Address | ✓ | ✓ | 1-255 characters* | |
| Payer City | ✓ | ✓ | 1-255 characters* | |
| Payer Country | ✓ | ✓ | 2 letter ISO country code | |
| Payer Date of Birth | ✓ | ✕ | ISO 8601 format (YYYY-MM-DD). |
* Please note that non ASCII characters will be transformed to ASCII equivalent or removed on a best endeavours basis in order to comply with the restrictions of the domestic payment scheme.
