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Malaysian Ringgit (MYR)

Overview

Payment type Priority Regular
Cutoff time (UK Time) n/a 4:30 pm
Delivery time frame n/a 0 days
Maximum payment size n/a MYR 100,000
Payment Scheme n/a IBG
Destination countries n/a Malaysia
Traces n/a No
Recalls n/a No
Ultimate payer displayed? n/a No

Required details

Regular Payment

Local MYR is a restricted currency. For more information, please visit our FAQ

Field Individual Company Permitted Data Notes
Beneficiary Entity Type Yes Yes ‘individual’ or ‘company’ only
Beneficiary First Name Yes No 1-255 characters*
Beneficiary Last Name Yes No 1-255 characters*
Beneficiary Company Name No Yes 1-255 characters*
Beneficiary Address Yes Yes 1-255 characters*
Beneficiary City Yes Yes 1-255 characters*
Beneficiary Country Yes Yes 2 letter ISO country code
Beneficiary Postcode Yes Yes 1-12 characters*
Account Number Yes Yes 5-20 alphanumeric characters
BIC SWIFT Yes Yes Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters
Payment Purpose Code Yes Yes List of available payment purpose codes available here
Payment Currency Yes Yes 3 letter ISO currency code
Payment Amount Yes Yes Numeric amount
Payment Reference Yes Yes 1-255 characters*
Payment Reason Yes Yes 1-255 characters*
Payer Entity type Yes Yes ‘individual’ or ‘company’ only
Payer First Name Yes No 1-255 characters*
Payer Last Name Yes No 1-255 characters*
Payer Company Name No Yes 1-255 characters*
Payer Address Yes Yes 1-255 characters*
Payer City Yes Yes 1-255 characters*
Payer Country Yes Yes 2 letter ISO country code
Payer Date of Birth Yes No ISO 8601 format (YYYY-MM-DD).
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Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2022. All Rights Reserved.

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