Remittance Services

A remittance is a transfer of funds to an overseas account. The funds is moved electronically to or from the designated recipient / remitter through one of its correspondent banks overseas.

For example, if you need to send money to your child who is studying overseas or help your maid to send money back to her country, you may do so by arranging for a remittance with an authorised remittance agent.

Remittance products and services offer by banks in Malaysia included:

• Telegraphic Transfer
• Travellers Cheque
• Cashiers Order
• Demand Draft

If you would like to send or receive money quickly and easily, nothing’s better than remittance facilities – your money will go through securely within minutes or latest by the next business day.

NOTE: Do not use unauthorised dealers to remit money as you may face the risk that the money sent does not reach the recipient. Also you may not be able to seek help from the authority on your transaction if there is any dispute. If you send money through unauthorised agents, your transaction is called illegal remittance.

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