transfer money from malaysia to oversea
This is sample scenario to transfer money from Malaysia to oversea.
I did it through Maybank Malaysia to New Zealand Bank (Queenstown branch) via online banking
So far i tested with Maybank and Cimb, and Maybank win the best rate for exchange currency. And maximun transfer per day is RM10,000 depends on transfer type. The transfer fund will cost you RM 10.60 inclusive GST
1. Login to maybank2u and select transfer > foreign telegraphic transfer
2. Fill up declaration part
3. Account part
4. Bank detail
In this case, since i set as favorite list, so i just need to key in bank detail. Once done then you will preview and submit.
It usually will take time 2-3 days in order to credit into recipient account. Normally if i transfer morning, next morning its credit into NZ account. Its so fast.
One thing to need to be alert, bank cannot cancel transaction if wrong submitted info. And charges fee also not refundable. Hopefully this guide how to transfer money from Malaysia to oversea via online banking will help you.