How to Withdraw PayPal Money to Any Malaysia Bank Accounts?

PayPalFor Malaysians. Thanks to PayPal support for Malaysian Ringgit (MYR). Now you can withdraw PayPal money directly to any Malaysia local bank accounts!

Read on to find out how to do that.

A bit background…

In 2004, PayPal starts to accept Malaysian registrations. No withdrawal options for Malaysians that time.

3 years later, 2007, PayPal allows Malaysians to withdraw PayPal money to their credit card, debit card, or prepaid cards.

2 years later, in the middle of October 2009, PayPal started to support Malaysia Ringgit currency and updated the user policy (paypal login required).

Shortly after, the end of October 2009, PayPal officially allows PayPal money withdrawal to Malaysia bank accounts! A feature that we have waited for 6 years!

What’s the big deal?

Now, Malaysians can send & receive PayPal money in Malaysia Ringgit (MYR) currency, and withdraw PayPal money to local bank accounts!

Meaning, you can sell your stuff online and let PayPal handle the payment transactions, local or International! It truly opens a new door to Malaysia e-commerce business!

Note: Malaysians still cannot top-up their PayPal accounts from their bank accounts.

How to add Malaysia bank account to PayPal?

  1. Login your PayPal account. Under “My Account” tab, click “Profile” then click “Add/Edit Bank Account“.
  2. At the new page “Add a bank account in Malaysia“. You need to fill in your name, bank name, bank routing code, and your bank account number.

    add malaysia bank account to PayPal

    Updated: Don’t need to worry about the fixed “Surname” in the form. Just make sure your full name is included. The name’s arrangement (Surname Name or Name Surname) doesn’t matter. Click here for more information.

    Tip: click on the “Details” link to find out your bank’s routing code

  3. After you are done, you will be asked to review the details. Click “Add Bank Account” button if everything is correct.
  4. You are done!
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How to withdraw PayPal money to Malaysia bank account?

  1. In your PayPal account, click on “Withdraw” under “My Account” tab. Then, click “Withdraw to your bank account” link under the options.

    Note: It will take 2-3 business days to process the PayPal to Bank transaction. Withdrawal over RM400 is free of charge. If less than RM400 is withdrawn, PayPal will charge you RM3.00.

  2. At the new page “Withdraw funds“, enter the amount in USD you want to withdraw and select the destination bank account.

    withdraw paypal money to Malaysia bank account

    Tip: Click on the “Currency converter” link to check the current PayPal currency conversation rate.

    Click on “Continue” button to review your withdrawal information.

  3. At the next page, make sure everything is correct before you click on the “Submit” button.

    PayPal charge RM15 if the funds are returned because your bank information is incorrect or does not match!

    After you clicked on the “Submit” button. Your withdrawal request is pending to process.

  4. Wait 2-3 business day and the PayPal money should be in your selected Malaysia bank account! Cha-ching!

Related books:

My two cents

PayPal is the most popular and most affordable online merchant service in the world. It is secure and safe.

It is FREE to set up a PayPal account to accept online payment (including credit cards). Fees are applied ONLY when you accept a payment.

Now every Malaysians can do e-commerce business at home, in your pajamas!

Click here to sign up your PayPal account, FREE.

Update: I have received PayPal money in my Malaysia bank account. Click here for more information.

Questions about PayPal? Ask in the comment and I shall reply you. 🙂

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  • 🙂

  • leonamanutd

    Hi I notice u put your name as surname..will that be necessary to get a successful transfer? Coz for mine, it’s terbalik

  • What is cha-ching? The sound of the cashier? Surely not earthworm, right Hahaha

    • yes, the sound of cashier. 🙂

  • hi bro,thank you for this useful info.now using paypal is more easier than b4.

  • Thanks for sharing this tips, nowdays many malaysian are active with paypal-payment stuff such as ebay, pay-per post and affiliates program. hope this new facilities may come up more convenient for malaysians to do home biz

  • popoyan

    wow, what a hot topic for this few days. so many people talk about this topic recently. But this is really a good news to all Malaysian Internet Entrepreneur.

    • Louis

      Hmm anyone tried withdrawing yet? I withdraw from my paypal and the status is now complete. However there is no money in my Maybank yet >.<.
      Does it takes awhile after the complete sign?

      • I am waiting for the withdrawal transaction to be completed.. will update you soon 🙂

  • Goh

    Hi Liew,

    Hey, that’s really a good news! I didn’t know about it until I came to your blog today. Thanks for posting this.

    • Louis

      haha mine in paypal status already complete. However the money is still not in my Bank yet >.< Paypal say it takes a week for the bank to notify them if they reject the withdrawal.

  • can liew or anyone answer the question by leonamanutd cause i like to know that too (but terbalik for me). i try to try like what you did, liew. my name (CY) under ‘surname’ then my surname (lai) under ‘first name’ so that it can turn out right like my bank account name ‘lai c.y.’ but then i notice that paypal automatically put my surname under ‘surname’ already so no matter what it turned out to be ‘c.y lai’ not same as my bank account name. like that dunno if the money from paypal can go in my bank account or not.

    • Louis

      if your surname is correct then it should be ok even the surname is at the back.
      You name is usually typed like this.
      C.Y, Lai
      🙂 So it won’t matter >.<
      But its still an assumption and pray that the BANK's auth isn't that blur.
      I submitted my withdrawal with just partial of my name as I can't write much for my first name as I have a middle name.

      • according to my AdSense cheque experience, the surname is at the front or back does not matter. The bank still recognize it as correct full name format.

        • Louis

          now i am worried about mine >..<

    • received my PayPal money. The surname in front or back, does not matter. 🙂

  • Louis

    🙂 Hei all
    I got my fund already today.
    I request on the 2th Nov and got it today (4th Nov)
    And I have only written partial of my name as well.
    First and Last name >..<
    ~,~ Ciao~

    • cool! thanks for the update 🙂

  • singdreams

    How to create a paypal account ?I’m a studenet and i have only Maybank Debit card ,is this eligible for the requirement ?What i heard from my friend was Paypal account holder must have a credit card , :unsure: therefore i am here to seek your oppinion
    Looking forwards to your reply ,Thanks for viewing !

    • Louis

      I am also a student with maybank visa debit 🙂 Paypal will works fine as you can link them together. You just need to activate maybank visa debit online transaction in Maybank2u.

    • anyone can register PayPal account for free. SImply goto https://www.paypal.com/my/cgi-bin/webscr?cmd=_registration-run to get yours.

      You can add Maybank Debit Card to your PayPal account. Credit card is NOT required.

  • YTechCity

    It’s really a good news to all Malaysian Internet Entrepreneur. We now can easily withdraw the money, great post!

  • withdrawal fees is RM3? Then is is cheaper then withdrawal through Debit Card, which is USD5?

    • yes, it is cheaper. If you withdraw more than RM400, then it is FREE.

  • withdrawal fees is RM3? Then is is cheaper then withdrawal through Debit Card, which is USD5?

  • chris

    any idea what’s the max amount per withdrawal that we can make? no longer USD500?

    • unlike withdraw funds to card, there is no max amount per withdrawal for PayPal-to-Bank

  • Hopefully this will spur up the ecommerce activities locally. 🙂

  • whats the exchange rate / bank fees / paypal fees like for withdrawing to bank acc or debit card? Which is better?

    • The exchange rate changed everyday. PayPal will show the rate when you do
      the withdrawal transaction, you can compare the rate with the bank’s rate.

      • ok, i understand that part, but what about the bank fees? Which is cheaper, bank acc or debit card?

        • withdraw to debit card charge RM20.
          withdraw to bank account is RM0 (withdraw more than RM400). Neither PayPal
          nor Bank will charge you for a fee.

          • i thought theres fee on the bank side, like doing TT or wire transfer.. If youre really sure about this, im gonna withdraw mine real quick then! 😀

          • Yes, I am sure and did it. See here.

  • Hi LiewCF,

    I also made a post about this.

    Paypal has make it easier for us in Malaysia. Direct bank transfer, no more buying this debit card. Please read on my link for more details.

    Check out my details post with picture below. Thanks

    http://technologystolen.blogspot.com/2009/11/withdrawdirect-transfer-your-paypal.html

    Shah

  • ervinter

    This is great. Being waiting this for long long time. Thanks Liew

  • vikki

    hi Liew,

    this is vikki here, have some problem with Paypal to receive payment..=( but dont know how to solve it..

    at first i register my credit card for Paypal account, i start enojoyt shopping online… recently i start selling something online… and happy to get my first client form USA,
    but who know i can not receive payment from her, she said message showing ” uncliam” , credit card can not receive payment? my card is under EON bank one…

    hope you teach abit more…

    thanks & Regards,
    vikki

  • fatlight

    Thanks for the info! Finally we can withdraw money to our Malaysia local bank. However, not all Malaysia Bank supported rite? Besides that, do we need to get verified in order to lift the withdrawal limit?
    Any reply/help is appreciated.

    • All Malaysia banks under MEPS are supported.
      I don’t see any withdrawal limit yet, do you?

      • He was referring to limit on PP acc which are imposed when your account is not verified.

      • fatlight

        As stated in PayPal, there is withdrawal limit when withdraw your PayPal money to your credit card. Hence, paypal user need to get their account verified in order to lift their withdrwal limit. I am not sure does this applied to bank withdraw also?

  • alvy

    Hi Liew,

    Paypal service include method of payments, do u know what types of payment and can i pay for my other credit cards bills too? And do you know other ways to top up credits to my own paypal acc by credit cards without any charges…? thks

    • Malaysians cannot pay credit card bills with PayPal money.

      Once you link your credit card to your PayPal account, you do not need to top up the credit.

      • alvy

        hi liew,

        Since i have open an acc with paypal, the only service after viewing in your website is talking about Ebay. I have register and follow the instruction to sell an item from the website ie. putting in the pictures, state the price for sale, and ar the end of the preview i don’t see paypal services in payment method only (cash upon delivery, cheque, Bank acc and others but this service also display NOT ACTIVE)? Can u advise me how or the best way to enjoy using paypal services….? thks

  • alvy

    Hi Liew, about paypal they said you can pay your bills. Do you what type if bills and can you also settle you credit cards bills too… ? thks!

    • We are Malaysian, what type of bills can you pay using Paypal? Withdraw the money and use it to pay your bills la.. 😛

      • alvy

        sorry moneygrows,
        actually i dont really knw how to use this paypal service. It seem that we only can use for buying and selling but not internal transfer funds from banks to paypal and overseas acc yet.

  • alvy

    Hi,

    In the paypal system you can see ‘sending money’, do you knw the maximum amount you can send to your frz or others and how much will we be charge for this service, do anyone knws? it states 3.4% if use credit card + MYR 2 and i dont really knw whether any other hidden charges? thks

    • there is no hidden charge.

      • alvy

        hi,

        I and my brother registered an acc with paypal, how much lare the imits to used this send money? I have tried to transfer RM5k or lesser.. response you have exceeded your per transaction limits, to lift this limit, click ‘View Limits’ on your Account Overview page. But i don’t see this Tab in there…pls advise? thks

  • Thanks!This article had been really helpful!

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