Thanks for the info… I'm going to cancel off my debit card today hahah!

If you can use Paypal to withdraw money with such a low cost,then u dont want to use debit card la.i still use my debit,but perhaps less usage in the future.haha.no fee for a minimum withdrawal of RM400! what a great deal.hehe.later sure local banks cannot charge too high for debit card etc.

the account number that they asked us to fill in.. i m not sure which .. is it the number behind our atm card or is it our savings account number?

The Account Number required by PayPal should be your Savings Account Number.

i have a question…… the surname thing if go wrong they will do any transfer. My name is James Lee Yew Meng. So what should i put in First Name ? Last name ? so that the name matches with our local bank to get the transaction going ?

i have a question…… the surname thing if go wrong they will do any transfer. My name is James Lee Yew Meng. So what should i put in First Name ? Last name ? so that the name matches with our local bank to get the transaction going ?

James, logically, your Last Name is Lee and your First Name could be James or Yew Meng. That, of course, would depends on what you filled in when opening your PayPal account.

In Malaysia, however, I am pretty sure that your Account Name is strictly tied to your NRIC, and it would a good idea to use that as the reference. The main issue is when PayPal links your PayPal fund to your Malaysian bank account, the 4 criteria must match- Bank's Name, Bank's MEPS Routing Code, Bank's Account Number and Your Name (as specified in the Bank).

Hence, if your NRIC only states Lee Yew Meng, then your First Name would be Yew Meng. However, if your NRIC states James Lee Yew Meng, I would suggest you contact both the Bank and the PayPal authorities to make sure whether your First Name is 'Yew Meng, James' or 'James, Yew Meng' or some other variations. Get a black and white response if possible, to avoid dispute later when the money is 'returned and penalized' due to transaction errors.

A Chinese Malaysian with Christian names in her NRIC might be able to help out here :-P

Yeah, no more reason to have a Visa Debit card now.

Ya….my NRIC have that christian name. Really need help here.

Finally!
But 1 question. If my Paypal is in USD, who is going to do the conversion to MYR? Paypal, or my bank?

thanks 4 the info :) 1 question what is Bank’s MEPS Routing Code and to find it :) thank you :)

hanks 4 the info :) 1 question what is Bank’s MEPS Routing Code and how or where to find it :) thank you :)

hanks 4 the info :) 1 question what is Bank's MEPS Routing Code and how or where to find it :) thank you :)

Alvin, here are some of the SWIFT codes (MEPS Routing Code) for some banks:

Affin Bank Berhad = PHBMMYKL

Alliance Bank Malaysia Berhad = MFBBMYKL

Ambank Berhad = ARBKMYKL

Bank Islam Malaysia Berhad = BIMBMYKL

Bank Kerjasama Rakyat Berhad = BKRMMYK1

Bank Muamalat Berhad = BMMBMYKL

Bank of America = BOFAMY2X

Bank Simpanan Nasional = BSNAMYKL

CIMB Bank Berhad = CIBBMYKL

Citibank Berhad Malaysia = CITIMYKL

Deustche Bank = DEUTMYKL

EON Bank Berhad = EOBBMYKL

HSBC 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 = SCBLMYKX

The Royal Bank of Scotland Berhad (RBS) = ABNAMYKL

United Overseas Bank Berhad = UOVBMYKL

thank you :) mine is CIMB Bank Berhad = CIBBMYKL but if i stay in kota kinabalu does dat mean CIBBMYKK????

Nope, these codes are applicable nation wide.

i see thanks :)

This news will definitely give reinforced confidence to e-commerce entrepreneurs.

Regards,
Joe

Thanks for your very precise and detailed guide on how to withdraw funds from Paypal to AlRajhi Bank.

Yup, I wrote the ‘AlRajhi Guide’ back when there’s no to link your PayPal account to any Malaysian banking account.

It won’t be long before Malaysian online businesses begin to enjoy all the convenience of electronic payment offered by PayPal. Something local e-payment solution providers should start looking into before their offerings become obsolete.

How to put in funds?

This is what PayPal says when you want to ‘Top Up’ funds:

“PayPal does not currently offer the ability to add funds from your bank account.

When you make a payment, PayPal charges the buyer’s credit card and instantly credits the seller’s PayPal account.”

So, you must have a credit card that’s linked to your PayPal account to make payments.