| 1. |
How much are the transaction charges for eRemittance? |
| 2. |
Where do I collect my Bankers Cheque, Local Demand Draft and Foreign Demand Draft? |
| 3. |
How much are the courier charges? |
| 4. |
How long is the processing time for Remittance? |
| 5. |
How do I decide on whether to purchase a Bankers Cheque or Local Demand Draft? |
| 6. |
To which countries can I send Foreign Telegraphic Transfer to? |
| 7. |
What is International Bank Account Number (IBAN) and when do I use it? |
| 8. |
Will there be any bank charges incurred by the recipient? |
| 9. |
Can I cancel the Foreign Telegraphic Transfer that I’ve submitted? |
| 10. |
Do I need TAC to perform eRemittance transaction? |
| 11. |
What is the daily transaction limit for eRemittance? |
| 12. |
Is eRemittance available for Islamic Account Holders? |
| |
 |
| |
| 1. |
How much are the transaction charges for eRemittance? |
| |
| Remittance Type |
Charges |
| Service Charge |
Stamp Duty |
Commission |
| Bankers Cheque |
RM2.00 |
RM0.15 |
- |
| Local Demand Draft |
RM2.00 |
- |
0.03% of the draft amount
(min RM0.50, max RM500) |
Foreign Demand Draft
(up to RM5,000 equivalent) |
Ranges from RM0.00
to
RM3.00
depending
on
type of draft
|
- |
Ranges from RM2.00
to RM7.00 depending
on type of draft |
Foreign Demand Draft
(exceeding RM5,000
equipvalent) |
- |
Ranges from RM0.00
to RM5.00 depending
on type of draft |
| Foreign Telegraphic Transfer |
RM10.00 |
-- |
- |
*Note : There will be charges imposed by the agent/3rd party bank. However, the amount is dictated by the agent/3rd party bank and the charges will be directly deducted from amount transferred.
|
| 2. |
Where do I collect my Bankers Cheque, Local Demand Draft and Foreign Demand Draft? |
| |
Bankers Cheque, Local Demand Draft and Foreign Demand Draft will be couriered either to you or your beneficiary depending on your instruction given to us.
|
| 3. |
How
much are the courier charges? |
| |
| Destination |
Courier Charges |
Transit Time |
| Domestic |
Ranges from RM2.87 to RM10.35
depending on destination |
2 working days |
| International |
Ranges from RM15.75 to RM58.80
depending on destination |
Between 2 to 6 working days
depending on destination |
|
| 4. |
How long is the processing time for Remittance? |
| |
Request will be processed on the same day for transactions submitted before 4pm. For request submitted on Saturday, Sunday and Federal Territory Public Holidays, your request will be processed on the next Federal Territory working day.
The actual time taken for beneficiary to receive the money will depend on the respective agent or beneficiary bank.
|
| 5. |
How do I decide on whether to purchase a Bankers Cheque or Local Demand Draft? |
| |
Please use Bankers Cheque option If your beneficiary would like to clear the funds in WP Kuala Lumpur, WP Putrajaya, Selangor, Melaka, Negeri Sembilan, Pahang and Perak. For other states, please use the Local Demand Draft service.
|
| 6. |
To which countries can I send Foreign Telegraphic Transfer to? |
| |
Your Foreign Telegraphic Transfer will be sent via SWIFT and you can remit to all countries except to Israel, Montenegro and Serbia.
There are 25 currencies available:
- AED UAE Dirham
- AUD Australian Dollar
- BDT Bangladesh Taka
- BND Brunei Dollar
- CAD Canadian Dollar
- CHF Swiss Francs
- DKK Danish Krone
- EUR Euro
- GBP Sterling Pound
- HKD Hong Kong Dollar
- IDR Indonesian Rupiah
- INR Indian Rupee
- JPY Japanese Yen
- LKR Sri Lankan Rupee
- MUR Mauritian Rupee
- NOK Norwegian Krone
- NZD New Zealand Dollar
- PHP Philippines Peso
- PKR Pakistan Rupee
- SAR Saudi Riyals
- SEK Swedish Krone
- SGD Singapore Dollar
- THB Thai Baht
- USD US Dollar
- ZAR South African Rand
|
| 7. |
Bank Account Number (IBAN) and when do I use it? |
| |
IBAN is standard way of uniquely identifying an account for the purpose of improving the efficiency and speed of cross border European union payments. The length of IBAN can go up to 28 digits starting from 2 letters country code, specific to each country.
Example of IBAN used in European countries:
Andorra (24 digits) |
AD12 0001 2030 2003 5910 0100 |
Austria (20) |
AT61 1904 3002 3457 3201 |
Belgium (16) |
BE68 5390 0754 7034 |
Cyprus (28) |
CY17 0020 0128 0000 0012 0052 7600 |
CzechRepublic (24) |
CZ65 0800 0000 1920 0014 5399 |
Denmark (18) |
DK50 0040 0440 1162 43 |
Estonia (20) |
EE38 2200 2210 2014 5685 |
Finland (18) |
FI21 1234 5600 0007 85 |
France (27) |
FR14 2004 1010 0505 0001 3M02 606 |
Germany (22) |
DE89 3704 0044 0532 0130 00 |
Gibraltar (23) |
GI75 NWBK 0000 0000 7099 453 |
Greece (27) |
GR16 0110 1250 0000 0001 2300 695 |
Hungary (28) |
HU42 1177 3016 1111 1018 0000 0000 |
Iceland (26) |
IS14 0159 2600 7654 5510 7303 39 |
Ireland (22) |
IE29 AIBK 9311 5212 3456 78 |
Italy (27) |
IT60 X054 2811 1010 0000 0123 456 |
Latvia (21) |
LV80 BANK 0000 4351 9500 1 |
Lithuania (20) |
LT12 1000 0111 0100 1000 |
Luxembourg (20) |
LU28 0019 4006 4475 0000 |
Netherlands (18) |
NL91 ABNA 0417 1643 00 |
Norway (15) |
NO93 8601 1117 947 |
Poland (28) |
PL27 1140 2004 0000 3002 0135 5387 |
Portugal (25) |
PT50 0002 0123 1234 5678 9015 4 |
SlovakRepublic (24) |
SK31 1200 0000 1987 4263 7541 |
Slovenia (19) |
SI56 1910 0000 0123 438 |
Spain (24) |
ES80 2310 0001 1800 0001 2345 |
Sweden (24) |
SE35 5000 0000 0549 1000 0003 |
Switzerland (21) |
CH39 0070 0115 2018 4917 3 |
United Kingdom (22) |
GB29 NWBK 6016 1331 9268 19 |
Other countries:
UAE (23)* |
AE47 044 000 00 01123456701 |
*UAE Central Bank is introducing the International Bank Account Number("IBAN") in the UAE effective November 19, 2011. Any AED payment to beneficiary bank in UAE without IBAN no. will be rejected.
|
| 8. |
Will there be any bank charges incurred by the recipient? |
| |
The foreign bank may charge extra costs to the recipient of the fund. This is usually deducted from the total payable to the beneficiary.
|
| 9. |
Can I cancel the Foreign Telegraphic Transfer that I’ve submitted? |
| |
Sorry, you cannot cancel the transaction.
|
| 10. |
Do I need TAC to perform eRemittance transaction? |
| |
Yes, TAC is required if you are remitting to a non-registered beneficiary. Therefore, it is advisable that you save your beneficiary details as favourite if you are going to remit regularly to him/ her.
|
| 11. |
What is the daily transaction limit for eRemittance? |
| |
The limit is RM10,000 per day.
|
| 12. |
Is eRemittance available for Islamic Account Holder? |
| |
Yes, eRemittance is available for Islamic Account holders.
|
