SWIFT/BIC codes in Malaysia: banks starting with B

Malaysia: banks and their SWIFT/BIC codes

On this page you find codes for 321 institutions in Malaysia, 413 codes in all. Every code points to a bank or one of its branches.

Pick a bank from the list to see the head office code and its other codes along with tips for payments to and from that bank. Below the list we explain how a code from Malaysia is put together, how to send money to Malaysia at a fair price and what to check before you pay.

What the letters in a Malaysia BIC mean

A BIC is either 8 or 11 characters long. The first four letters identify the bank, characters five and six are the country code and the next two give the location.

You can spot a code from Malaysia by letters five and six: they always show the ISO country code of Malaysia. A code with a different country code come from a bank abroad, even if the bank name looks familiar.

The long version adds three characters for a branch. Use a branch code just when the recipient explicitly gives you one.

SWIFT transfers to Malaysia

Since Malaysia does not belong to SEPA, a transfer from abroad is usually sent as a SWIFT payment. That means the payment always needs the BIC of the recipient’s bank.

Not every country uses the IBAN. The receiving bank usually provides a list of required details for payments from abroad. International transfers sometimes go via correspondent banks.

How reliable is this list?

The best place to find the right code is a document from the bank itself. When the code you were given differs from our list, stop and ask: check with the recipient or the bank.

We gather bank codes from publicly available data and update our list from time to time. Still, banks merge or change codes, so information can be out of date. Use this list as a reference. GoldexPay is an independent comparison site.

Watch out for invoices containing a new account, especially when they come by email. Always verify a change of bank details by phone.

SWIFT codes in Malaysia: banks under :letter

Here you see a selection: just banks in Malaysia whose name begins with :letter. The figures for Malaysia mentioned here apply to every bank we list and not only this letter.

Some banks appear under their official name. The full overview for Malaysia is available if the letter filter does not help.

What a sender needs to pay you in Malaysia

For an international payment in Malaysia, the sender has to have more than the SWIFT code. Share your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address, which some banks require.

Look up your bank in the list above and compare the code with your own bank details, but take the code from your own bank details when in doubt. You can add your bank’s name and city as well, since some payment forms ask for it.

What lands in your account is often less than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. On invoices, agree how the fees are split.

The largest SWIFT network in Malaysia: United Overseas Bank (Malaysia) Berhad

In our data, United Overseas Bank (Malaysia) Berhad has the most SWIFT/BIC codes of all banks in Malaysia. The head office of United Overseas Bank (Malaysia) Berhad has UOVBMYKLXXX.

The number of codes tells you more about how it organises its payments than about how big it is. Making a payment to United Overseas Bank (Malaysia) Berhad? Go with UOVBMYKLXXX except when a specific branch code is requested.

When does money sent to Malaysia arrive?

An international transfer to Malaysia typically takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Transfers sent late in the day or on a weekend or public holiday often start the next business day.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to see where the money is. Keep the payment confirmation until the recipient confirms; a bank needs it to start a trace.

Bank or transfer service for Malaysia?

When you send money to Malaysia via your bank, the fee you see is only part of what you pay. You pay the transfer fee, possibly charges from intermediary banks along the way and, above all, the exchange rate markup if the money is converted.

The markup on the rate is often the biggest cost item because it is hidden in the rate. A simple test: put the offered rate against the mid-market rate and look at the difference.

For many routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the rate. GoldexPay compares these providers side by side so you can see what actually arrives in Malaysia before you commit.