Malaysian Ringgit (MYR) Payment Guides

Overview

Payment TypeSWIFT (Priority)Local (Regular)
Cut off time (UK Time)n/a4:30 pm
Delivery time framen/a0 days
Maximum payment sizen/aMYR 100,000
Payment Schemen/aIBG
Destination countriesn/aMalaysia
Tracesn/aNo
Recallsn/aNo
Ultimate payer displayed?n/aNo

Required Details

Local (Regular) Payment

Local MYR is a restricted currency. For more information, please visit our FAQ.

FieldIndividualCompanyPermitted DataNotes
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 digitsWe 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.

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