SWIFT/BIC codes in Malaysia: banks starting with V

Bank SWIFT codes for Malaysia

For Malaysia our database holds 413 SWIFT/BIC codes, spread over 321 institutions. Each code points to a bank or one of its branches and tells other banks where an international payment should go.

Pick a bank below to see its head office code and its other codes along with tips for payments to and from that bank. Further down you can read how codes from Malaysia are built, how to send money to Malaysia at a fair price and what to check before you pay.

Verifying a SWIFT code from Malaysia

The best place to find the correct BIC remains paperwork issued by the bank. A wrong code may lead to a delay, a returned payment or additional charges.

Our SWIFT/BIC directory is compiled from public sources that we update periodically. Still, banks merge or change codes. Before a payment of any size, confirm the BIC with the recipient. GoldexPay is a comparison service for money transfers, not a bank.

Scammers often send payment requests with new bank details. Always verify changed details by phone on a number you know.

Banks in Malaysia starting with :letter

You are looking at a filtered list: only banks in Malaysia with a name starting with :letter. The totals on this page apply to all 321 banks and not only this letter.

Many institutions appear under their legal name, which may start with words like Bank or Banco, so the letter can differ from what you expect. The full overview for Malaysia remains one click away if the letter filter does not help.

Getting paid from abroad into an account in Malaysia

If you are waiting for a payment from another country in Malaysia, send the payer everything they need in one go. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code of your bank and usually your address.

Your bank’s code appears in the list on this page. Certain sending banks also want your bank’s address.

The amount you receive is often lower than what was sent. Charges on incoming payments vary per bank – your bank’s price list tells you what applies. Agree with the sender who pays which costs before the money is sent.

Transfer times to Malaysia

There is no single delivery time for payments to Malaysia: many land the same day or the next. Transfers sent late in the day or just before a weekend or public holiday usually start the next business day.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to see where the money is. Save your transfer receipt until the recipient confirms; a bank needs it to start a trace.

The cheapest way to send money to Malaysia

If you send money to Malaysia through a regular bank, the fee you see is rarely all of what you pay. Besides a fixed fee, intermediary banks may deduct a charge, and when the money is converted the bank usually applies a less favourable rate than the real market rate.

That exchange rate margin is often the biggest part of the cost. An easy check: set the offered rate against the mid-market rate and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients in Malaysia receive with different providers, so you can pick the cheapest route.

International payments to Malaysia and the BIC

Since Malaysia does not belong to SEPA, an international payment normally goes through SWIFT. That means the payment always needs the BIC of the recipient’s bank, together with the account number or IBAN.

Not all countries use the IBAN; in that case the local account number is used instead. The receiving bank often has a list of required details for payments from abroad – follow them exactly. On the way to Malaysia, a transfer may pass through intermediary banks that charge for their part.

What the letters in a Malaysia BIC mean

A SWIFT code is either 8 or 11 characters long and follows a fixed pattern. It starts with a four-letter bank code, then two letters for the country and two characters for the location.

No matter which bank, every code from Malaysia share the same fifth and sixth letters: the ISO code of the country. A code with other letters in that position belong to a bank abroad.

If the last three are XXX, it refers to the main office, and the 8-character version leads to the same place. Choose a branch code only if the recipient’s bank asks for it – otherwise stick with the head office.

Which bank in Malaysia has the most codes?

Among the 321 institutions we list, United Overseas Bank (Malaysia) Berhad holds the largest number of SWIFT/BIC codes of all banks in Malaysia. The head office of United Overseas Bank (Malaysia) Berhad uses UOVBMYKLXXX.

Practice differs in how many codes they register – a high count is not a measure of size. If not the recipient asks for a branch, UOVBMYKLXXX is fine for a payment to United Overseas Bank (Malaysia) Berhad.