SWIFT/BIC codes in Malaysia: banks starting with I

Finding a SWIFT code in Malaysia

Here you will find the SWIFT/BIC codes of 321 institutions in Malaysia. A SWIFT code shows every bank in the chain exactly which bank is meant to get an international payment.

Look for the bank you need in the list and click through to see all codes we have and the details a transfer needs. The rest of this page covers the structure of the codes, the cost of transfers and the checks worth doing before a payment.

Banks in Malaysia beginning with the letter :letter

This list only shows the banks in Malaysia beginning with :letter. The totals mentioned above always refer to all banks in Malaysia, not just this letter.

Some banks appear under their official name, which may start with words like Bank or Banco, so the letter can differ from what you expect. The complete list is available when the letter filter does not help.

United Overseas Bank (Malaysia) Berhad and its SWIFT codes

Of all banks we list for Malaysia, United Overseas Bank (Malaysia) Berhad is listed with the most SWIFT codes. Its main office uses UOVBMYKLXXX and that code covers most payments.

Many codes usually means separate codes for branches, departments or services – it says nothing about the size of the bank as such. Making a payment to United Overseas Bank (Malaysia) Berhad? Use UOVBMYKLXXX unless a specific branch code is requested.

Check the code before you pay

Have the recipient send you their bank details directly from their online banking. An incorrect BIC may lead to delays, a returned payment or additional charges.

This list is based on public sources and is updated regularly. Banks merge, change names and change codes, and no directory catches every change immediately. Before any payment that matters, confirm the code with the recipient. GoldexPay is an independent comparison site and has no link to the banks in this list.

Fraudsters regularly use fake invoices with changed bank details from what looks like a familiar address. Always confirm a change of bank details through a separate channel on a number you know.

Sending money to Malaysia for less

If you transfer money to Malaysia with a regular bank, the stated fee is rarely all of what you pay. On top of a fixed fee, correspondent banks can take a cut and, if currencies are converted, the bank often uses a rate below the real market rate.

The real cost is often in the rate. An easy check: put the offered rate against the mid-market rate and look at the difference.

Specialised transfer providers often use a rate near the mid-market rate and lower fees. Before you send money to Malaysia, it is worth to compare the total cost via GoldexPay instead of going straight to your bank.

How SWIFT codes from Malaysia are built

A SWIFT code is either 8 or 11 characters long and the parts always come in the same order. Characters one to four stand for the bank, characters five and six form the country code and characters seven and eight mark the location.

Whatever the bank, every code from Malaysia share the same fifth and sixth letters: the ISO code of the country. If the country letters do not match Malaysia, you are looking at a bank in another country.

The optional last three characters stand for a specific branch; XXX means the head office. Choose a branch code just when the recipient’s bank asks for it.

International payments to Malaysia and the BIC

To pay into Malaysia you will usually need a SWIFT/BIC code. Without it, your bank will not send the payment.

Depending on the country, the account is identified by a local account number instead of an IBAN and sometimes a local routing or branch code. The receiving bank usually provides instructions for incoming international payments. International transfers can pass through correspondent banks, each of which may deduct a fee.

Incoming international payments in Malaysia

If you expect money from abroad on an account in Malaysia, send the payer all details at once. Give them your name as registered with the bank, your account number or IBAN, your bank’s SWIFT code and your address.

Look up your bank in the list on this page and compare the code with your own bank details. Some banks also ask for the name and address of your bank.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers differ from bank to bank. On invoices, state how the fees are split to avoid a shortfall.

How long does a transfer to Malaysia take?

An international transfer to Malaysia typically takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Bank holidays in Malaysia or in the sending country can add a day or more.

When a payment takes longer than expected, the sender should contact their own bank for a trace – the receiving bank often cannot see a payment that has not arrived. Money transfer services often show a status in their app so you can follow the payment.