Public Islamic Bank Berhad SWIFT/BIC code

Public Islamic Bank Berhad SWIFT code: PIBEMYK1

The short code PIBEMYK1 and the full code PIBEMYK1XXX identify one and the same institution: Public Islamic Bank Berhad, with its head office in Kuala Lumpur. Every bank on the SWIFT network uses these codes to direct payments between countries to the right institution. It comes up mainly when dealing with transfers between countries or a currency.

On this page we explain what the code means, when you need it and what else you need for a transfer to or from Public Islamic Bank Berhad. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN does that part.

PIBEMYK1 or PIBEMYK1XXX – which one to use?

A SWIFT code is made up of a few fixed parts: characters one to four identify the bank, the next two show the country and the two after that mark the location. Combined, these eight characters form PIBEMYK1.

XXX at the end of PIBEMYK1XXX is not a missing value or a mistake: it stands for the main office of Public Islamic Bank Berhad. Some banking apps ask for 11 characters, in which case you can enter XXX after PIBEMYK1.

Type the code in one piece, in upper case and without spaces. Look out for O versus 0 or the letter I and the digit 1; they are easy to mix up.

International transfers from Public Islamic Bank Berhad: the real cost

The price of a payment abroad is made up of several parts – not just the fee on your screen. There is the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

Banks rarely show their exchange rate markup as a cost – you only notice it if you compare. Compare their rate with the mid-market rate. The difference is your real conversion cost.

For many routes, a specialist provider turns out to be less expensive than a bank. On GoldexPay you can compare the amount that arrives with different services, which makes the cheapest option easy to spot. You can still keep your account at Public Islamic Bank Berhad as the source of the money; only the conversion and sending happen elsewhere.

Is PIBEMYK1 still correct? How to check

The most reliable source for a SWIFT code is the bank details provided by the recipient. If the code you have differs from PIBEMYK1 or PIBEMYK1XXX, do not guess.

With a wrong code, the payment may be delayed, bounce back or end up costing more, and tracing it can take weeks. A mistake in the IBAN or account number can be a bigger problem, so check that just as carefully.

An automatic check by your bank only tells you that the IBAN is valid. Some banks now check the payee name against the account before you confirm. A small test payment is worth it for a large first payment despite the extra fee.

Receiving money from abroad at Public Islamic Bank Berhad

For a transfer from abroad into your account at Public Islamic Bank Berhad, the person paying you needs more than the BIC. The basics are: the account holder’s name, account number or IBAN, PIBEMYK1XXX or PIBEMYK1 and often your home address.

Certain sending banks want the bank’s address, so keep it at hand. Check the details before you send them.

An incoming payment does not always arrive for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who pays which costs before the money is sent.

Transfer times and tracking a payment to Public Islamic Bank Berhad

There is no single answer: many arrive within a day, others take several business days. Bank holidays in either country can add extra days to the journey. Compliance checks by one of the banks may also add some delay, regardless of the details.

Many banks are connected to SWIFT gpi. Each gpi transfer carries a unique reference, the UETR that banks can use to trace it. Specialist transfer services often show tracking online so you can see how far the payment has got.

A missing payment is traced from the sending side, using the payment confirmation. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.

Watch out for payment fraud

Stay wary when a contact unexpectedly wants you to pay into a different account or a bank in another country. A valid SWIFT code says nothing about who owns the account.

Never rely on contact details in the same message that announces the new account. Urgency or requests to keep it quiet are red flags; a genuine business can wait for you to check. When a payment was sent 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 send back the difference to another account. A payment confirmation from the sender is no proof – check your own account.

Head office or branch code at Public Islamic Bank Berhad?

We have 2 SWIFT/BIC codes for Public Islamic Bank Berhad in 1 places. Besides the head office code PIBEMYK1XXX, there are codes for individual branches and departments.

If nobody asks you for a branch code, go with PIBEMYK1XXX. A branch code only makes sense when the account holder explicitly mentions it.

Unsure which code to use? Ask the recipient or the bank itself. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

About this information

The details on this page come from publicly available data. Still, banks merge or retire codes. The number of codes on this page reflect our own data, not official figures from Public Islamic Bank Berhad.

See our directory here as a helpful check, and let the details from the recipient or Public Islamic Bank Berhad have the final say. We are an independent comparison service and not affiliated with Public Islamic Bank Berhad. Spotted an error? Tell us via our contact form so we can correct it.