Yes. You may transfer foreign currency to your children studying abroad, as well as friends or relatives travelling or living abroad.
Your TT will only be rejected by the beneficiary bank if the beneficiary details are incorrect. The RM10 bank fee and beneficiary bank/agent charges (if any) are not refundable if your Foreign TT is rejected by the beneficiary bank.
Sorry, you cannot cancel a transaction.
Note: However should there be a cancellation due to refund or repurchase, there may be a potential foreign exchange losses. Maybank shall not be liable for any such losses and that as the remitting party. Customer shall bear the losses.
There are 3 special requirements:
The minimum for Credit to Account transactions is RM250, while the maximum per day is RM30,000.
You may perform more than one transaction per day up to the maximum amount only.
The amount transferred can include decimal points (example: USD 50.10, Baht 675.50) except for transfers in Indonesian Rupiah and Japanese Yen. These must be in whole figures without a decimal point. Example: JPY 5001 NOT JPY 500.60.
The online foreign telegraphic transfer service is only available from Monday to Friday, 10.00am to 6.00pm, excluding public holidays and Federal Territory state holidays.
Your Foreign TT will be sent via SWIFT straight-through processing, but the actual time taken will depend on the respective agent or recipient's bank.
Please contact our Customer Care hotline at 1-300-88-6688 if you have any enquiries. Please note that there is a RM10 service fee for enquiries about the foreign currency transfer status after the fund has transmitted out from Maybank.
There is a RM10 fee for transfers to all countries, including Singapore. The fee will be debited from your Maybank Savings/Current Account* and is not refundable.
*Note: You will not be able to debit your Maybank Foreign Currency Account for online Foreign TT
Yes, there is an RM10 fee for status enquiries via Maybank Group Customer Care (after funds have been transferred from Maybank).
Apart from RM10 service fee debited to the sender, the beneficiary bank/agent may charge a fee to the receiver. This is usually deducted from the total payable to the benificiary.
The amount varies from country to country.
Yes, you do. If you are transferring money to the same account regularly, you should store your recipient's account details in the 'TT Maintenance' list. However, you are required to key in TAC for both 'Open Beneficiary' as well as 'Favourite' Beneficiary account transactions.
The 'Purpose of Transfer' declaration is a compulsory Bank Negara Malaysia requirement for all foreign fund transfers exceeding RM5,000.50 (five thousand ringgit and fifty sen). This field is displayed only if the value of your transfer exceeds RM5,000.50.
To minimise error, please include the following details of the recipient:
By regulation, you will require prior approval from Bank Negara Malaysia for foreign currency transfers from resident to resident (i.e. someone residing overseas without PR status) except for education purposes.
Login to Maybank2u.com and select 'TT Enquiry' under 'Foreign TT'. If the money has already been transferred out from Maybank, you may call Maybank Group Customer Care to check on the status. A RM10 bank fee will be charged for Foreign TT transaction status enquiries after funds have been transferred from Maybank.
No. The charges are deducted by the beneficiary bank/agent for the service.