Withdraw Paypal Fund to Malaysia Local bank

Recently quite a lot people talking about withdraw Paypal fund to Malaysia Local Bank, and some commented that the conversion rate will be slightly lower. I have made a cash out of USD$500 to my local bank account, and another USD500 to my public bank Visa Debit

Due to my plan for honda civic 2010 have expedite 2 month earlier, which is end of this month will arrive, I will face my own financial crisis at this moment 😛 I have to get enough cash as down payment for my new Japanese wife, plus some huge credit card bill from last month (expenses for budget langkawi trip), life insurance, and other bills all come at the same time, So no choice for the low conversion rate either.

How to withdraw paypal fund to Malaysia Local Bank
1st, you require to add bank,

add malaysia local bank

You require to put your bank swift code, and also your name and bank account correctly. Surname and Name sequence does not matter, as long your full name is there. After fill up all, hit “Continue”

add swift code

here is the list of Malaysia Bank Swift Code you can use.

Affin Bank Berhad -> PHBMMYKL
Alliance Bank Berhad -> MFBBMYKL
Ambank Berhad -> ARBKMYKL
Bank Simpanan Nasional -> BSNAMYKL
CIMB Bank Berhad -> CIBBMYKL
Citibank Berhad Malaysia -> CITIMYKL
EON Bank Berhad -> EOBBMYKL
Hong Kong Bank Malaysia Berhad -> HBMBMYKL
Hong Leong Bank Berhad -> HLBBMYKL
Malayan Banking Berhad -> MBBEMYKL
OCBC Bank Berhad -> OCBCMYKL
Public Bank Berhad -> PBBEMYKL
RHB Bank Berhad -> RHBBMYKL
Standard Chartered Bank Malaysia Berhad -> SCBLMYKL
United Overseas Bank Berhad -> UOVBMYKL

Visit this link you interest to know more about what is Malaysia Bank Swift Code

cash out fund to malaysia bank

Hit “Add bank account” if all the detail are correct.

Withdraw Fund to Malaysia Local Bank

After finish adding bank into your paypal account, you can now click on withdraw, here is the fees for the withdrawal, if you manage to withdraw more then RM400, the fees will be waive.  Click on “Withdraw to your bank account” then just key in how much money you want to cash out.

paypal fee

Put in the amount of cash out, and verify your bank account number (4 ending digit) and hit “continue”

Over this section, it will mention on how much the conversion rate. I have check at local news paper conversion rate during I cash out, it was around 3.38, but over here provide 3.33 only.

Over here, it stated that require 2 to 3 business day to process the cash out, and for cash out paypal fund to visa debit card, it require 5 to 7 day business day. So which one better?

To Bank or to Visa Card?
In term of processing days? conversion rate? Without waiting much, I have try to withdraw to bank and to visa debit card at the same time, each USD$500, and lets see which one faster, and which one better rate!

Withdraw Paypal fund to to Visa Card

paypal fee

Same step at withdraw fund section, click on ” Withdraw funds to your card

withdraw to visa card

Key in the amount you want to withdraw, maximum only USD$500, and deduct USD$5 processing fees, the total you withdraw will be $495 only

After cash out paypal fund to Malaysia local bank account and also cash out to Visa Debit Card, lets wait and see which one get higher balance in my account 😀

16 Responses to “Withdraw Paypal Fund to Malaysia Local bank”

  1. MonsterBuzz November 8, 2009 at 11:09 am #

    Cool! \(^o^)/

  2. ChampDog November 8, 2009 at 2:19 pm #

    This is awesome! I will get back to you if I have questions when I”m doing that later. Thanks for the sharing! :0

  3. calvyn November 8, 2009 at 10:13 pm #

    Champ, you are welcome 😀

  4. od3n November 9, 2009 at 8:23 am #

    withdraw my money no huhu!!

  5. Bogus November 10, 2009 at 5:30 am #

    Hi,

    How to make money using PayPal ? Is it from advertisement ?

    Thanks,

  6. moneygrows November 10, 2009 at 12:03 pm #

    Day 2 waiting. How much longer you think? Im planning on withdrawing myself either to Maybank account or my Public Bank debit card. Guess i wait to see your outcome first to know the time and fees involves.

  7. Jayce November 10, 2009 at 5:01 pm #

    Calvyn, how is the exchange rate when withdraw to debit card? Better than local bank or worst?

  8. moneygrows November 10, 2009 at 9:19 pm #

    so overall local bank better yea?

  9. calvyn November 10, 2009 at 11:30 pm #

    VISA rate is higher, but due to $5 service charges, it make no different, withdraw from bank still smarter choice.

    a full comparison and screen shoot will coming up shortly 😀

  10. Bogus November 10, 2009 at 11:41 pm #

    Thanks Calvyn 🙂

  11. sherlock March 7, 2010 at 11:51 am #

    I don’t have any credit card, is there anyway that I could add funds directly to pay pal from my local bank account?
    Help me. TQ

  12. calvyn March 7, 2010 at 9:23 pm #

    hi Sherlock, Try to apply 1 debit card

  13. simon April 10, 2010 at 4:44 am #

    Would like to check. I have make a lot of withdrawal from paypal and have lost track of the actual balance. I make a withdrawal on 31st March and the next on 5th April to my Public Bank debit card. My Public Bank debit card statement show:

    Transaction Date: 31 March
    Posting Date: 3 April

    Transaction Date: 5th April
    Posting Date: 8 April

    I’m not sure what is my Public Bank balance on March till 7th April. My question is, “Is it possible that if the posting date in my bank statement shows 3 April but the physical fund only come in on 8 April and the posting date for 8 April, the physical fund will only come in after that?

    OR the posting date on my statement is the actual physical fund receive in my public bank debit card account? Please help. Thanks.

  14. Joe May 25, 2010 at 8:38 am #

    just want to ask, I dont have credit card or debit card, if I apply a paypal account now and add a local bank ( like the first tutorial you show us up there ), am I able to withdraw my fund ? And anyone there have success to withdraw your money ? I have some money at paypal that I want to cash out.

  15. justin July 14, 2010 at 9:37 pm #

    Hi nice and very important information about swift codes can you tell the information about the bank swift codes for ICICI Bank MUMBai in juhu?

  16. quentin November 28, 2010 at 1:36 pm #

    Hi there,i have a question regarding paypal.

    First, i dun have a debit/credit card, so is it i still can transfer my money in paypal to my local bank, example maybank account?

    I have added my maybank account to my paypal, but after few weeks i still never received any deposit from them (to verified my account)

    when i log in to my account ,it show like that:

    MALAYAN BANKING BERHAD
    Malaysia
    Checking Account
    x-3721 Primary

    it still written checking account, what it means? succeed or not?

    Thanks for replying.

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