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 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) RM10.00 for each replacement or refund of Banker’s Cheque reported lost plus RM10.00 Stamp Duty
4 Replacement or refund of Foreign Demand Draft reported lost RM20.00 each plus RM10.00 stamp duty for Indemnity Letter plus cable charges 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 cable charges
8 Outward telegraphic transfer in Malaysian Ringgit RM10.00
9 Outward telegraphic transfer in foreign currencies

Cable Charges:

 

Destination Rate
Normal Export Bill Only
Singapore 15.00 15.00
All other countries* 30.00 30.00

*RM10.00 for:

  • Foreign Workers
  • Students - for education purposes
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
  • 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)
A service charge of RM3.00 is levied for each successful Enhanced Standing Instruction favouring a payee corporation.
  • Unsuccessful attempt on the instruction date due to insufficient funds
A charge of RM5.00 per transaction will be levied on every unsuccessful attempt on the instruction date.
  • 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)

RM10.00
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.