Oct 28, 2009

How to link PayPal to Malaysia Bank Account?

How to link PayPal to Malaysia Bank Account?

Before this, we are aware that any PayPal transaction has been introduced in Ringgit Malaysia, while also facilitates Malaysian Internet entrepreneurs to deal and transact online. Interestingly, you can transfer your PayPal money directly to a local banks with very simple steps.

Now, officially PayPal allows you to integrate your PayPal account with any bank in Malaysia listed as part of the MEPS network. Here is a brief tutorials on how to integrate both these accounts easily.

Step 1 – Login to your PayPal Account, Go to Profile > Add / Edit Bank Account


paypal-malaysianbank-step0


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)



paypal-malaysianbank-step1

Step 3 – Confirm the details and you are done!


paypal-malaysianbank-step2


paypal-malaysianbank-step3


Step 4 – You will receive an email notification on PayPal too upon successful update.


paypal-malaysianbank-step4


Malaysia Bank Routing Code (also known as SWIFT Code)

==========================================


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



Sample successful withdraw from paypal to maybank account



This is from maybank2u.com screen shot, see there is no transaction fee from maybank (for the time being la), but free service for transaction more than MYR400.00.






3 comments :

  1. Well written and summed up information.
    Very suitable for users and entrepreneurs.

    Regards,
    Joe

    ReplyDelete
  2. Salam, Saya Zainy Ismail. Saya nak tanya, adakah perlu saya berikan butir2 peribadi kpd Paypal cthnya salinan ic dsbnya.

    ReplyDelete
  3. rasanya tak perlu, cuma seingat saya masa nak verified tu, kena ada credit card , nanti pd credit card statement akan ada code for verification - ni utk personal,

    kalau business kena sertakan sekali bukti pendaftaran syarikat.

    ok boleh cuba, saya guna paypal dlm thn 2006/2007 mungkin ada perubahan procedure utk verification.

    ReplyDelete

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