SWIFT/BIC codes in Malaysia: banks starting with E

SWIFT/BIC codes in Malaysia

Here you will find the SWIFT/BIC codes of 321 institutions in Malaysia. Each code points to a bank or a specific branch or department and tells other banks where an international payment should go.

Each bank has its own page showing its main code and if there are any, codes for branches and departments. Below the list you can read how a code from Malaysia is put together, how to send money there without overpaying and how to check a code before you pay.

What a sender needs to pay you in Malaysia

To receive an international payment in Malaysia, the sender needs not just the BIC. Share your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address.

Look up your bank in the list above – your bank statement is the final word. Some sending banks may also ask for your bank’s address.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee, and when currencies differ, a markup on the rate comes on top. On invoices, state who bears the costs.

How long does a transfer to Malaysia take?

There is no fixed delivery time for payments to Malaysia: many arrive within a day. Payments made after the cut-off time or just before weekends and holidays usually go out a business day later.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR, which the sending bank can use to trace it. Money transfer services often provide a status in their app.

International payments to Malaysia and the BIC

Malaysia is outside the SEPA area, the European zone for uniform euro payments. International transfers to Malaysia usually travel through the SWIFT network.

In some countries, the account is identified by a local account number instead of an IBAN and sometimes a local routing or branch code. The recipient’s bank often provides instructions for incoming international payments, and it is worth following them to the letter. International transfers can pass through correspondent banks.

What the letters in a Malaysia BIC mean

A BIC is either 8 or 11 characters long. Characters one to four identify the bank, the fifth and sixth characters are the country code and the next two give the location.

You can spot a bank code from Malaysia from the fifth and sixth characters: they always show the ISO country code of Malaysia. Codes with a different country code come from another country, even if the bank name looks familiar.

An 11-character code adds a branch code, where XXX means the head office. In most cases the head office code is fine unless the recipient asks for a specific branch.

Filter: banks in Malaysia with :letter

The letter filter limits the list to banks from Malaysia that begin with :letter, so you can find a bank faster. The totals mentioned above still cover all banks in Malaysia.

If a bank does not appear under :letter, check the full list – the registered name can differ from the name people use. Try the full list for Malaysia if you do not know the exact name.

About our data and how to check a code

The best place to find the correct BIC remains a document from the bank itself. A wrong code may lead to delays, a returned payment or additional charges – compare it with the code in our list.

We gather SWIFT/BIC codes from publicly available data and update our list from time to time. Even so, banks merge or change codes. For any payment of any size, confirm the code with the recipient’s bank. GoldexPay is an independent comparison site.

Watch out for invoices with changed bank details. Before paying, verify a change of bank details by phone.

Most SWIFT codes in Malaysia: United Overseas Bank (Malaysia) Berhad

United Overseas Bank (Malaysia) Berhad leads our list of Malaysia banks in SWIFT/BIC codes. The head office of United Overseas Bank (Malaysia) Berhad uses UOVBMYKLXXX and that code covers most payments.

Many codes usually means that the bank registers branches and departments separately – it says nothing about the size of the bank as such. Making a payment to United Overseas Bank (Malaysia) Berhad? Use UOVBMYKLXXX except when the recipient gives you a branch code.

The cheapest way to send money to Malaysia

When you send money to Malaysia via a regular bank, the fee you see is rarely all of what you pay. On top of the fee, intermediary banks can deduct a charge, and when the money is converted the bank usually applies a rate below the actual market rate.

The markup on the rate tends to be the largest cost item, even though it is not listed as a fee. Check the bank’s rate against the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the rate. GoldexPay compares transfer services next to each other, showing what actually arrives in Malaysia for the same amount sent.