Industrial and Commercial Bank of China (Malaysia) Berhad. SWIFT/BIC code

Industrial and Commercial Bank of China (Malaysia) Berhad. SWIFT code: ICBKMYKL

The short code ICBKMYKL and the 11-character code ICBKMYKLXXX refer to the same bank: Industrial and Commercial Bank of China (Malaysia) Berhad., with its head office in Kuala Lumpur. Banks worldwide use these codes to direct payments between countries to the correct bank. You will need it mainly for payments that cross a border.

Below we go through the practical side: receiving money at Industrial and Commercial Bank of China (Malaysia) Berhad., sending money abroad and how to check a SWIFT code before you hit send. Keep in mind that the BIC only identifies the bank, not the account: the account number or IBAN takes care of that.

What the XXX in ICBKMYKLXXX means

A BIC is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. That gives you ICBKMYKL, the short form of the code.

XXX at the end of ICBKMYKLXXX is not a missing value or an error: it indicates the head office of Industrial and Commercial Bank of China (Malaysia) Berhad.. Some banking apps insist on 11 characters, and then you can enter XXX after ICBKMYKL.

In practice the code is typed in capitals. A single letter may route a payment to another bank, so check it twice.

Which of the 2 codes of Industrial and Commercial Bank of China (Malaysia) Berhad. do you need?

Having 2 codes, Industrial and Commercial Bank of China (Malaysia) Berhad. is one of the banks that use separate codes for branches. The main code remains ICBKMYKLXXX.

For most incoming transfers, the head office code ICBKMYKLXXX works fine. Just use a branch code when the account holder gives you that exact code, for example on a letter or invoice.

The safest approach is to take the code straight from the account holder’s statement. Codes can change over time.

Where our SWIFT data comes from

The directory on GoldexPay is based on public sources and we update it periodically. Banks merge, close branches and retire codes, and a directory never catches every change immediately. The figures on this page reflect what is in our directory.

Treat this page as a starting point, not as the final word: the recipient’s bank details come first. We are a comparison site for money transfers and not affiliated with Industrial and Commercial Bank of China (Malaysia) Berhad.. Should you notice a mistake, we welcome a short note via the contact page.

How to check ICBKMYKL before you pay

The best place to find the correct BIC is paperwork issued by the bank. When the code you were given does not match ICBKMYKL or ICBKMYKLXXX, stop and ask.

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges. Remember the account number: a mistake there is harder to undo than a wrong code.

A validity check by your bank only tells you that the code is valid. Some banks now compare the payee name against the account before you confirm; take any warning seriously. Sending a small amount first is a sensible step for a large first payment despite the extra fee.

Incoming international payments to Industrial and Commercial Bank of China (Malaysia) Berhad.

When you expect money from abroad, send the payer everything they need in one go. Share the account holder’s name, your account number or IBAN, SWIFT code ICBKMYKLXXX and your address, which some banks require.

You can add Industrial and Commercial Bank of China (Malaysia) Berhad. and Kuala Lumpur as well, because some payment forms have separate fields for them. Check the details before you send them, because the sender’s bank usually copies them as is.

The amount you receive can be less than the amount sent. Intermediary banks may deduct a fee, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

Transfer times and tracking a payment to Industrial and Commercial Bank of China (Malaysia) Berhad.

An international transfer usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add extra days, since banks do not process on those days. Occasionally a bank asks about the purpose of a payment.

When a payment takes longer than expected, contact the sending bank about the status so they can trace it along the chain. Save the payment confirmation until the recipient confirms.

If a payment has not arrived within the expected time, the person who paid needs to start with the bank that sent it rather than Industrial and Commercial Bank of China (Malaysia) Berhad.. On the receiving end, you can check your statements for a slightly lower amount, since fees may have been deducted.

Watch out for payment fraud

Stay wary if someone suddenly wants you to send money to a different account or a bank in another country. That ICBKMYKL is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Always confirm a change of bank details through a phone call on a number you know, not one from the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Recipients can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference. A screenshot of a transfer proves nothing – check your own account.

What a transfer from Industrial and Commercial Bank of China (Malaysia) Berhad. abroad really costs

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup when the money is converted.

Many banks rarely list their exchange rate markup as a cost. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For many routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay lists these services next to each other, showing the amount the recipient gets for the same amount sent. Using a transfer service does not require leaving Industrial and Commercial Bank of China (Malaysia) Berhad.: you simply pay the service from your account.