Permodalan Nasional Berhad SWIFT/BIC code

PERMMY21 – the SWIFT/BIC code of Permodalan Nasional Berhad

The short code PERMMY21 and the 11-character code PERMMY21XXX identify one and the same institution: Permodalan Nasional Berhad, with its head office in Kuala Lumpur. The code has a single purpose: it ensures that an international payment ends up at the right bank. In practice you mostly see the code on invoices from abroad, in your banking app and on the account details that Permodalan Nasional Berhad provides.

Below you will find the practical questions: receiving money at Permodalan Nasional Berhad, paying someone in another country and how to check a SWIFT code before you hit send. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number takes care of that.

Why Permodalan Nasional Berhad has an 8- and an 11-character code

A BIC is made up of fixed blocks: characters one to four identify the bank, characters five and six give the country and characters seven and eight mark the location. The result is PERMMY21, the short form of the code.

Many payment forms accept both lengths. If yours asks for eleven characters, use PERMMY21XXX; if it wants eight, use PERMMY21.

Type the code in one piece, in upper case and without spaces, exactly as shown here. Look out for O versus 0 or I versus 1, a common source of typos.

Before you send: check the Permodalan Nasional Berhad code

The best place to find the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. Check that code with PERMMY21 here.

With a wrong code, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the account number: a mistake there can be harder to correct than a wrong BIC.

An automatic check in your banking app only tells you that the IBAN exists – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives extra certainty. Sending a small amount first can be a sensible step for a large first payment.

Watch out for payment fraud

One of the most common tricks goes like this: you receive a message claiming that a supplier now has a new bank account. A real SWIFT code tells you nothing about whether the request is genuine.

Verify changed payment details via a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. When money was sent to a fraudster, contact your bank immediately.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to send back the difference abroad. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Choosing between the 2 SWIFT codes of Permodalan Nasional Berhad

Our directory lists 2 SWIFT/BIC codes for Permodalan Nasional Berhad in 1 places. Besides the head office code PERMMY21XXX, you will find codes for individual branches and departments.

If nobody asks you for a branch code, go with PERMMY21XXX. A branch code only makes sense if the account holder explicitly asks for it, which is more common for corporate accounts and specialised services.

Not sure which code applies? Check with the recipient, or look at a recent statement from Permodalan Nasional Berhad. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

Getting paid from abroad into a Permodalan Nasional Berhad account

A sender in another country needs several details from you. What they need is: your name, account number or IBAN, PERMMY21XXX or PERMMY21 and in many cases your postal address.

You can include Permodalan Nasional Berhad and Kuala Lumpur too, since some forms ask for it. Check the details before you share them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always land in full. Correspondent banks can take a fee, and when currencies differ, a markup on the rate applies. On invoices, you can agree who bears the costs, so that nobody is left short.

Where our SWIFT data comes from

The codes here are taken from public sources which we refresh regularly. It can happen that a code on this page is no longer current. The figures we show reflect what is in our directory, not official figures from Permodalan Nasional Berhad.

Use this page as a reference, not as the last word – the bank details from the recipient are leading. We are a comparison service for money transfers and not part of Permodalan Nasional Berhad. Should you notice something that is out of date, we appreciate a short note.

International transfers from Permodalan Nasional Berhad: the real cost

When you send money to another country via Permodalan Nasional Berhad, the visible fee is only part of the cost. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate.

Banks rarely list their exchange rate markup separately. An easy check: set the rate you get against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services frequently use rates closer to the mid-market rate. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. You can always keep your account at Permodalan Nasional Berhad to fund the transfer.

When will the money arrive at Permodalan Nasional Berhad?

An international transfer typically needs anywhere from one to several business days. Weekends and public holidays in either country can add extra days. Compliance checks by one of the banks can also cause a delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi. Each payment gets a unique reference, the UETR that banks can use to trace it. Keep the payment confirmation; it contains the details a bank needs to start a trace.

Only the sending bank is able to start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. On the receiving end, you can look at your account to see a partial amount because fees can reduce the amount.