Oct 28, 2009
How to link PayPal to Malaysia Bank Account?
Latest Breaking news! Here’s the latest update on PayPal Supporting Malaysian Ringgit (MYR), now, the final piece of the puzzle is finally completed. You can officially link up your PayPal Account (Start selling online now) to a Malaysia Banks (or Overseas banks operating in Malaysia, basically via the MEPS network).
Step 1 – Login to your PayPal Account, Go to Profile > Add / Edit Bank Account
Step 2 – Fill in the account details. If you are not sure about the Bank Name and the MEPS bank routing code (aka SWIFT code, a special code required when you do Telegraphic Transfer), just click on the details link. Seems like there are 21 banks on the list. (Including Bank of America !? never know BOA have a Malaysia branch)
Step 3 – Confirm the details and you are done!
Step 4 – You will receive an email notification on PayPal too upon successful update.
Malaysia Bank Routing Code (also known as SWIFT Code)
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Here are the bank numbers for some of the major banks in Malaysia.
Bank Name – MEPS Bank Routing Code
AFFIN BANK BERHAD – PHBMMYKL
ALLIANCE BANK MALAYSIA BERHAD – MFBBMYKL
AMBANK BERHAD - ARBKMYKL
BANK ISLAM MALAYSIA BERHAD - BIMBMYKL
BANK KERJASAMA RAKYAT BERHAD - BKRMMYK1
BANK MUAMALAT BERHAD - BMMBMYKL
BANK OF AMERICA - BOFAMY2X
BANK SIMPANAN NASIONAL - BSNAMYK1
CIMB BANK BERHAD - CIBBMYKL
CITIBANK BERHAD - CITIMYKL
DEUSTCHE BANK - DEUTMYKL
EON BANK BERHAD - EOBBMYKL
HONG LEONG BANK BERHAD - HLBBMYKL
HSBC BANK MALAYSIA BERHAD - HBMBMYKL
MALAYAN BANKING BERHAD - MBBEMYKL
OCBC BANK (M) BERHAD - OCBCMYKL
PUBLIC BANK BERHAD - PBBEMYKL
RHB BANK BERHAD - RHBBMYKL
STANDARD CHARTERED BANK MSIA BHD - SCBLMYKX
THE ROYAL BANK OF SCOTLAND BERHAD (RBS) - ABNAMYKL
UNITED OVERSEAS BANK - UOVBMYKL
Around the blogosphere
Fund Paypal Kini Boleh Di Keluarkan Ke Bank Tempatan
Trosworld: Withdraw Paypal funds to your Malaysia Bank Account
Keluarkan Duit PayPal anda ke BANK MALAYSIA
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i was wondering how much does it cost to register a company in Malaysia and make a bank account for that company so i can link my Malaysian paypal account to my Malaysian bank account under my business name? and please make the followings clear:
in how many ways i can verify my Malaysian paypal account? for example in usa they will need:
-bank accoun
-credit or debit card
-social security number…
i nak tanya.. baru create paypal nie.. i bizz online.. so, camne buyer nak bayar? bagi no acc ape?
xpaham
I made a purchase of A Double Live DVD from London and paid using my Maybank credit card to Paypal on 10.6.10 and my Transaction ID: IRJ2669346662592L.Paypal acknowledge the payment but the seller did not provide any shipping details. Can you help.
boleh bantu saya,macam mana kita nak check akaun kita,apabila akaun kita ditambah nilai
david – no cost, free of charge
mas – use your bank account number. eg: Public Bank have 10 digit on their account number. Use it & register it on your paypal. then you can withdraw anytime. Usually it will take 4-5 days to be available on our local bank.
arin – you can check it manually by log in online or through your atm bank
How much is the charges for transferring from paypal to my Maybank account?
Please advice.
Thanks.
@ david, cost of register a company in Malaysia, Try google it.
i dun think u can use bank account to verify for now, must use a credit or debit card – see details step by step at
http://www.paypal-apac.com/sg/verification-process.html
@mas, if you want to accept payment by paypal, simplest is to give your paypal email to your customers, ask them send money. or you can create “request fund” or invoice in paypal, just ask for your customer emails.
if you are selling stuffs online, maybe you want to consider sign up webShaper Stores, a full fledge, search engine friendly ecommerce solution which you can easily setup paypal into the checkout process.
@Wlfred Ragam, have you tried contacted the merchant on this?
@arin, don’t think PayPal can “tambah nilai” now. Our x-colleague malcolm got a good post here. read it!
http://www.malcolmwong.com/2009/10/24/add-funds-to-paypal-from-credit-card-or-debit-card/
@bantu: thanks for the help.
@kln – The minimum amount you can transfer is RM40. Additionally, if you choose to transfer amounts less than RM400, there’ll be a RM3 service charge. There is no charge for amounts of RM400 or more.
Refer here for more details:
https://www.paypal-apac.com/my/launch/index_main.html
Awesome. Thanks for sharing! =)
[...] Over 20 Malaysian Banks PayPal Accepts Ringgit Malaysia and its Benefits to Malaysian PayPal Users How to Link PayPal to Your Malaysian Bank Account This entry was posted in Biz Productivity, Blog and tagged 2009, e-commerce, malaysia, tips. [...]
Can i register paypal if i dont have a credit card?
Hey thanks for sharing. I have just linked my paypal to my cimb account but sad to know that we cannot add funds to the account. Would be great if we could tho.
Hi, I am still new to biz online. Got a question on Paypal.
Currently, my PayPal is done in USD. If I link it to my bank account in Malaysia, do I have to change the currency to RM first?
By accepting RM on PayPal, will that cause confusion to international buyers?
Thanks.
To Admin,
Congrats to Paypal for one step forward! What about a Malaysian who has say a Maybank Account (Current) and he wishes to transfer some fund (add fund) from his Maybank Account to Paypal. Can this functionality be enabled by Paypal? I think Paypal disallows “Add fund” at the moment. If this’add fund’function (either transfer from credit card or a Malaysian bank account)can be allowed, it will be convenient to many others.
Your feedback is appreciated.
Richard Lee
I am a holder of paypal account uk. Since i already back in Malaysia, can I change my profile exspecially address and bank account, coz i have already tried to change but..cannot.. please help..tq
@F_amir, you are most welcome
@adzrul, yes, you can. but you can’t verify it (which is important), so you can use it to send MORE money, and take even MORE money (sell your products or services)
If you dn’t have a credit card, but you are over 18 yrs old, debit card like http://www.paypal-mol.com is a good choice to.
@Michelle, nope, we can’t yet. hopefully soon ya. Even in Sg only DBS and POSB supported now.
https://www.paypal.com/helpcenter/main.jsp;locale=en_GB&_dyncharset=UTF-8&countrycode=SG&cmd=_help&serverInstance=9024&t=solutionTab&ft=browseTab&ps=solutionPanels&solutionId=1207271&isSrch=Yes
@Sam, to link it, you gonna use a local address account. And no, it won’t cause confusion if you do it correctly. Even if you don’t have a webStore (like webShaper), you can manually bill your clients (ask for money, or invoice)on the currency type already supported in your account.
@Richard, refer to michelle’s reply. As for credit card, you just tied to it, whenever you make payment via PayPal, it will automatically charge the amount to your CC
@Ariffin, If you have tried and it can’t, means for now it can’t. You might want to check with PayPal directly on this.
It’s a very good info for me, i thought paypal will never convert cash in RM, thank you
[...] Over 20 Malaysian Banks PayPal Accepts Ringgit Malaysia and its Benefits to Malaysian PayPal Users How to Link PayPal to Your Malaysian Bank Account This entry was posted in Blog, Design & Technology and tagged 2009, e-commerce, malaysia, [...]
[...] day… PayPal Malaysia is finally here! and some Good News for Malaysia businesses to chew on… (Latest! updated Nov [...]
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Hello Admin. i wanna ask that the FORM that `add a bank account in malaysia` . The Bank name i have to put Malayan Banking Berhad? Because i put Maybank . And i have other question.. I had just registered my paypal and its verified and i had receive money from other people in my PAYPAL. Unfortunately, when i withdraw my money to my bank account, the status to transfer to bank account is PENDING because need 2-3 days. I did this when 16 august and yesterday the status is change to completed.. But after i checked my bank account, i found that the money is not in my account !. Does it matter on MALAYAN BANKING BERHAD or Maybank in the form ?? PLEASE help me =(
hi kevin, you should put as “MALAYAN BANKING BERHAD – MBBEMYKL”
However, if you put in the swift code correctly, it should work well too. But do check with your banks or PayPal on this if the money is deducated from your PayPal balance, and yet to show up in your Maybank account!