Remittances and Standing Instructions

No. Types of Charges Amount
1 Purchase of Banker's Cheque
  • RM5.00 commission
  • RM0.50 cheque processing fee
  • RM1.00 stamp duty

Note:
Applicable for each banker's cheque issued including new public share issue applications in favour of MIDF/MIH
2 Purchase of Foreign Demand Draft RM2.00 for amount of RM5,000.00 equivalent and below plus Cost of Advice to Agent
3 Replacement or refund of Banker's Cheque reported lost (irrespective whether the Banker's Cheque is stale or not) RM20.00 inclusive of stamp duty for the Indemnity Form
4 Replacement or refund of Foreign Demand Draft reported lost RM20.00 each plus RM10.00 stamp duty for Indemnity Letter plus cost of wire plus agent charges
5 Replacement or refund of stale Banker's Cheque / Demand Draft (with the original Banker's Cheque to be returned to branch) RM20.00 per cheque/per piece
6 Cancellation of Banker's Cheque (exclude new public share issue applications) RM2.00 per piece
7 Cancellation of Foreign Demand Draft (original draft presented) RM5.00 per piece plus cost of wire
8 Outward telegraphic transfer in Malaysian Ringgit RM10.00
9 Outward telegraphic transfer in foreign currencies RM2.00 for amount of RM5,000.00 equivalent and below plus Cost of Wire
10 Transfer of funds through RENTAS:  
  • Over-the-counter
RM5.00 per transaction
11 Inward RENTAS Payment Free of charge
12 Interbank GIRO Payment System:  
  • Over-the-counter
RM0.30 per transaction
Note: Free of charge for senior citizens (aged 60 years and above) and disabled persons.
  • Via Internet and mobile banking
Free of charge (effective 13 June 2018)
  • Via ATM
Free of charge (effective 1 July 2018)
13 Inward Telegraphic Transfer with payment instruction:  
  • Credit online into customer's account
RM5.00
  • Pay on identification
RM5.00 plus stamp duty
  • Credit an account maintained at another bank
RM10.00
14 Standing instructions (SI):  
  • Within branch
RM2.00 per item plus stamp duty for stamping the Standing Instruction Form, where applicable^
  • Interbranch transfer
RM5.00 per item plus stamp duty for stamping the Standing Instruction Form, where applicable^
  • Payment to third parties (other bank)

SI Payment Method
Charges (RM)
Total (RM)
SI Banker's Cheque (BC) Cheque processing fee Interbank GIRO (IBG) RENTAS
BC 5.00 5.00 0.50 - - 10.50*
IBG 5.00 - - 0.30 - 5.30
RENTAS 5.00 - - - 5.00 10.00

* Excluding postage and stamp duty for SI which have to be charged separately, where applicable.

  • Payment to third parties – Enhanced Standing Instruction (ESI)
RM3.00 for each successful ESI
  • Unsuccessful attempt on the instruction date due to insufficient funds
RM5.00 per transaction
  • WISE Savings Account
Waiver for transfer of funds from parents’ account subject to a maximum of RM1,000.00 per transfer

^Stamp duty for Standing Instruction

 

Description of Instruments / Documents Stamp Duty Payable

Standing Instruction Form
(CAO 091)

Where payee is not a third party RM10.00
Where payee is a third party Waived
15 Cancellation of Foreign Outward Telegraphic Transfer
  • Actual cable charges
  • Agent charges
  • Handling Charges of RM30.00
  • Stamp Duty Charges of RM10.00

Note:

For Outward Foreign Remittances, Agent charges could be applicable depending on the currency and destination. All charges outside Malaysia are to be borne by the beneficiary unless instructions to the contrary are given.