SWIFT/BIC codes in Malaysia: banks starting with P

SWIFT/BIC codes in Malaysia

On this page you find the SWIFT/BIC codes of 321 institutions in Malaysia. Every code identifies an institution or one of its branches, so a payment from abroad reaches the right place.

Choose the bank below to view the head office code and its other codes along with tips for payments to and from that bank. Further down we explain how codes from Malaysia are built, how to send money there at a fair price and what to check before you pay.

How reliable is this list?

The safest source for a SWIFT code is the bank details provided by the recipient. An incorrect BIC can cause a delay, a returned payment or extra fees.

The directory on GoldexPay is based on public sources and is updated regularly. Institutions reorganise, change names and change codes – a directory can be a step behind. Treat our data as a reference rather than the last word: the bank details from the recipient come first. GoldexPay is an independent comparison site.

Watch out for invoices containing a new account, especially when they come by email. A real SWIFT code says nothing about who owns the account: criminals use real codes too.

Banks in Malaysia starting with :letter

This page only shows the banks in Malaysia beginning with :letter in alphabetical order. The counts in the introduction always refer to all banks in Malaysia, not just this letter.

Bank not listed? The registered name might begin with another word, for example the full legal name rather than a brand name. Try the full list for Malaysia if you do not know how the name is spelled.

What a transfer to Malaysia really costs

What you pay for a payment to Malaysia has several parts, and the fee on your screen is only one of them. On top of the fee, intermediary banks can deduct a charge and, if currencies are converted, the bank usually uses a less favourable rate than the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee – the bank builds a margin into its rate. Compare the rate you are offered against the mid-market rate that you find on financial sites; the gap is what conversion costs you.

For many routes, a specialist provider turns out to be less expensive than a traditional bank transfer. Before your next transfer to Malaysia, it is worth comparing the total cost via GoldexPay rather than accepting the first rate you see.

Receiving money in Malaysia from abroad

To receive an international payment in Malaysia, the person paying you needs not just the SWIFT code. Share the account holder’s name, the IBAN or account number, your bank’s SWIFT code and your address.

Your bank’s code is in the list on this page. It helps to include your bank’s name and city as well because some forms have separate fields for it.

The amount you receive is often lower than what was sent. Intermediary banks may deduct a fee, your bank may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. Agree with the sender who covers the fees before the money is sent.

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

Among the 321 institutions we list, United Overseas Bank (Malaysia) Berhad has the largest number of SWIFT/BIC codes in Malaysia. The head office of United Overseas Bank (Malaysia) Berhad uses UOVBMYKLXXX; that is usually the right code for a transfer.

How many codes a bank has says something about how it organises its payments than about how big it is. Paying someone at United Overseas Bank (Malaysia) Berhad? Use UOVBMYKLXXX except when the recipient gives you a branch code.

How SWIFT codes from Malaysia are built

A SWIFT code is 8 or 11 characters long. Characters one to four identify the bank, the fifth and sixth characters form the country code and characters seven and eight mark the location.

For banks in Malaysia, letters five and six show the two-letter ISO code of Malaysia – that is the quickest way to spot one. If the country letters do not match Malaysia, you are looking at a bank in another country – worth double-checking.

The long version adds three characters for a branch – XXX stands for the head office. Choose a branch code only when the recipient explicitly gives you one.

SWIFT transfers to Malaysia

To pay into Malaysia you will almost always need a SWIFT/BIC code – Malaysia is not a SEPA country. Without the BIC, your bank cannot process the payment.

Depending on the country, accounts are identified by a local account number instead of an IBAN and sometimes a local routing or branch code. The recipient’s bank often has a list of required details for payments from abroad, and it is worth following them to the letter. Before it arrives, a payment can go through correspondent banks.

Tracking a payment to Malaysia

How fast money arrives in Malaysia depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Bank holidays in either country add extra days to the journey.

Many banks are connected to SWIFT gpi. Each gpi transfer carries a unique reference, the UETR. Keep the payment confirmation until the money has arrived – you will need it if something goes wrong.