Fellow Malaysian,
We have a good news here for anyone who have already making money online in Malaysia and others who are hesitate to start their baby step to start making money online because of the money withdraw restriction.
Now, it has all become so easy and simple.
This great news coming in on the mid of October 2009 where Paypal ready to accept Malaysia to withdraw money from their bank.
I will be sharing the step by step guide to withdraw money to your bank account from Paypal for the Newbie.
All you need is:
1.) A Malaysian credit card or debit card whether it’s Master or Visa.
2.) Use the credit card to open an account in www.Paypal.com
3.) Add your bank account to Paypal.
4.) Withdraw money from Paypal.
5.) Receive the money directly in your bank saving account in Malaysia in 3 working day. (that’s exclude public holiday, saturday and sunday.)
The process why it needs 3 days is this.
For example:
Monday: You request the money withdraw from Paypal at 9am and Paypal will normally complete the transfer to Bank Negara Malaysia in 8 hours.
Tuesday: Bank Negara got the money and process it and transfer it to the headquater of say Public Bank.
Wednesday: The Public bank branches that you opened the account with will received the money transfer request from Public Bank headquater and normally they will process the money to your saving account by 4 to 5p.m.
Below is some screenshots I’ve made to help you out.
I’ve tried to withdraw $500 from my Paypal account and it’s succeed!
There you have it.
Is really a good news for fellow Malaysian who want to withdraw money the easy way.
Best of all, there is no transaction fees at all (Of course you won’t want to withdraw money less than RM400 which applied a small fee of RM3.00)
Here all the Malaysia banks you can withdraw money with Paypal.
| 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 |
Hope you digg it and let your fellow Malaysia friends know about this.
Best Regards,
Eric