Malaysia
SWIFT Payouts
Supported Currencies
- MYR, AUD, USD, EUR
Restrictions
- MYR payment to an account held with a Labuan bank is not permitted due to regulatory restrictions
- MYR payments from offshore residents can only be made to onshore residents
Field Requirements
| Object | Parameter | Requirements |
|---|---|---|
| Payment Address | accountReference | Required |
| routingCode | SWIFT BIC (8) or (11): xxxxMYxx or xxxxMYxxxxx RegEx format: ^[A-Z]{4}MY[A-Z0-9]{2}([A-Z0-9]{3})?$ | |
| bankCountry | MY | |
| accountName | Only required if the name on the account differs to the Recipient name | |
| Recipient | physicalAddress | Country, City, streetName and Postal Code are required |
| phoneCountryCode & phoneNumber | Recommended for payouts in AUD, USD or EUR | |
| corporateName | Required if recipientType = “corporate” | |
| corporateCountryofRegistration | For MYR payouts Required if recipientType = "corporate" | |
| firstName & lastName | First Name and Last Name if recipientType = “Individual” | |
| countryOfResidence | For MYR payouts, required if recipientType = "Individual" | |
| Payout | paymentReason | Select Payment Reason Code from list below |
Other Information
- Send Payments may contact remitter of payment for additional information if requested by recipient bank
Payment Reason Codes
| PaymentReason Code | Description |
|---|---|
| 22130 | Other transfers |
| 22220 | Migrant transfers |
| 22230 | Other transfers |
| 23000 | Acquisition/ disposal of non-produced, non-financial assets |
| 31111 | Extension to/receipt (drawdown) from non-resident of long-term term loan |
| 31112 | Repayment of principal to/by non-resident on long-term term loan |
| 31113 | Prepayment of principal to/by non-resident on long-term term loan |
| 31121 | Extension to/receipt (drawdown) from non-resident of short-term term loan |
| 31122 | Repayment of principal to/by non-resident on short-term term loan |
| 31123 | Prepayment of principal to/by non-resident on short-term term loan |
| 16720 | Sharing of administrative expenses |
| 16730 | Research and development |
| 16740 | Architectural, engineering, and other technical services |
| 16750 | Agricultural, mining and on-site processing |
| 16760 | ADVERTISING, MARKET RESEARCH AND PUBLIC OPINION POLLING SERVICES |
| 16771 | Legal Services |
| 16772 | Accounting services |
| 16773 | Management consulting services |
| 16780 | Rental services |
| 16900 | Other services transactions nie |
| 16910 | Refunds relating to service transactions |
| 17010 | Inter-company settlement for offsetting payables against receivables |
| 17020 | Transfer by a company to/from its own current account overseas |
| 21110 | Grants, aid, donations and unclaimed monies |
| 21120 | Pension, gratuity |
| 21140 | Compensation and pledging |
| 21210 | Grants and gifts |
| 21220 | Workers' remittances |
| 21230 | Legacies, compensations and prizes |
| 31311 | Issuance |
| 31312 | Redemption |
| 31411 | Financial lease extension to/receipt from non-resident |
| 31412 | Repayment of financial lease to/receipt from non-resident |
| 31413 | Prepayment of financial lease to/receipt from non-resident |
| 31511 | Credit facilities extension to/receipt from non-resident |
| 31512 | Repayment of credit facilities to/by non-resident |
| 31513 | Prepayment of credit facilities to/by non-resident |
| 31911 | Long term loan - Extension to/receipt from non-resident |
| 31912 | Long term loan - Repayment of other loan facilities to/by non-resident |
| 31913 | Long term loan - Prepayment of other loan facilities to/by non-resident |
| 31921 | Short term loan - Extension to/receipt from non-resident |
| 31922 | Short term loan - Repayment of other loan facilities to/by non-resident |
| 31923 | Short term loan - Prepayment of other loan facilities to/by non-resident |
| 34000 | Subscriptions/ Contributions to/ Reimbursement from International Organisations |
| 35200 | Liquidation of investment |
| 35300 | Head Office Accounts in Branches |
| 35400 | Capital Expenditure in Special Enterprises /Projects |
| 36110 | Corporate Stocks and Shares: Issued by residents in domestic capital market |
| 36120 | Corporate Stocks and Shares: Issued by resident in international markets |
| 36130 | Corporate Stocks and Shares: Issued by non-residents |
| 36210 | Bonds and Notes: Issued by residents in domestic capital market |
| 36220 | Bonds and Notes: Issued by resident in international markets |
| 36230 | Bonds and Notes: Issued by non-residents |
| 36310 | Money Market Instruments: Issued by residents in domestic capital market |
| 36330 | Money Market Instruments: Issued by non-residents |
| 7100 | POWER LINES, PIPELINES AND UNDERSEA COMMUNICATION CABLES |
| 9100 | REFUNDS RELATING TO GOODS TRANSACTIONS |
| 9700 | NON-MONETARY GOLD |
| 10010 | GOODS FOR PROCESSING (MANUFACTURING SERVICES) |
| 12140 | POSTAL AND COURIER SERVICES - OPERATING LEASING |
| 13110 | GOODS AND SERVICES PURCHASE BY TRAVELLERS - TRAVEL (EXCLUDE PASSENGER FARES) - PERSONAL TRAVEL |
| 13210 | GOODS AND SERVICES PURCHASE THROUGH BUSINESS AND OFFICIAL TRAVEL - TRAVEL (EXCLUDE PASSENGER FARES) - BUSINESS AND OFFICIAL TRAVEL |
| 13220 | GOODS AND SERVICES PURCHASE BY SHORT TERM WORKERS - TRAVEL (EXCLUDE PASSENGER FARES) - BUSINESS AND OFFICIAL TRAVEL |
| 16210 | CONSTRUCTION AND INSTALLATION SERVICES IN MALAYSIA |
| 16220 | CONSTRUCTION AND INSTALLATION SERVICES ABROAD |
| 16332 | AUXILIARY INSURANCE SERVICES |
| 16410 | EXPLICITLY-CHARGED FINANCIAL SERVICES |
| 16420 | EXPLICIT MARGINS ON BUYING AND SELLING OF FINANCIAL INSTRUMENTS |
| 16430 | EXPLICITLY-CHARGED ASSET MANAGEMENT SERVICES |
| 16440 | FINANCIAL INTERMEDIATION SERVICE CHARGES INDIRECTLY MEASURED (FISIM) |
| 16510 | COMPUTER SERVICES |
| 16520 | INFORMATION SERVICES |
| 16610 | CHARGES ASSOCIATED WITH INTELLECTUAL PROPERTY RIGHTS |
| 16620 | LICENSE FEES TO REPRODUCE AND DISTRIBUTE INTELLECTUAL PROPERTY |
| 16791 | TRADE-RELATED SERVICES |
| 16792 | WASTE TREATMENT SERVICES |
| 16810 | AUDIO-VISUAL AND ARTISTIC RELATED SERVICES |
| 16820 | HEALTH SERVICES |
| 16830 | EDUCATION SERVICES |
| 13500 | Education |
| 16840 | HERITAGE AND RECREATIONAL SERVICES |
| 16850 | OTHER PERSONAL SERVICES |
| 14110 | DIRECT INVESTMENT INCOME |
| 14140 | INVESTMENT INCOME ATTRIBUTABLE TO NON-RESIDENT POLICYHOLDERS IN INSURANCE, PENSION SCHEMES, AND STANDARDISED GUARANTEES |
| 14310 | WAGES AND SALARIES IN CASH |
| 14320 | WAGES AND SALARIES IN KIND/BENEFITS ATTRIBUTABLE TO EMPLOYEES |
| 14330 | EMPLOYER'S SOCIAL CONTRIBUTIONS |
| 14410 | TAXES ON PRODUCTS AND PRODUCTIONS |
| 14420 | SUBSIDIES ON PRODUCTS AND PRODUCTIONS |
| 14430 | RENTAL ON NATURAL RESOURCES |
| 36320 | Money Market Instruments: Issued by resident in international markets |
| 36410 | Purchase/sale of Malaysian Government securities |
| 36420 | Purchase/sale of Foreign Government securities |
| 37100 | Financial Derivatives: Swaps |
| 37200 | Financial Derivatives: Forwards |
| 37300 | Financial Derivatives: Futures |
| 37400 | Financial Derivatives: Options |
| 37900 | Financial Derivatives: Others |
| 39210 | Placement/withdrawal of deposits of residents with/from financial institutions abroad |
| 39220 | Placement/withdrawal of deposits of residents with/from offshore financial institutions in Labuan |
| 1000 | Beverages and tobacco |
| 2000 | Crude materials, inedible, except fuels |
| 3000 | Minerals fuels, lubricants and related materials |
| 4000 | Animal and vegetable oils, fats and waxes |
| 5000 | Chemicals and related products, not classified elsewhere |
| 6000 | Manufactured goods |
| 7000 | Machinery and transport equipment |
| 8000 | Miscellaneous manufactured articles |
| 0 | Food and live animals |
| 9000 | Commodities and transactions, not classified elsewhere |
| 11110 | Freight by air |
| 11120 | Freight by sea |
| 11130 | Freight by other modes of transportation |
| 11210 | Passenger fare by air |
| 11220 | Passenger fare by sea |
| 11230 | Passenger fare by other modes of transportation |
| 12110 | Airport services |
| 12120 | Port services |
| 12130 | Other terminal facilities |
| 12210 | Charter of aircraft |
| 12220 | Charter of ships and vessels |
| 12230 | Charter of other modes of transportation |
| 12310 | Rentals/operational leases of aircraft |
| 12320 | Rentals/operational leases of ships and vessels |
| 12330 | Rentals/operational leases of other transport equipment |
| 12400 | Fees for salvage operations |
| 12500 | Repair and maintenance of Aircraft, Ships and Other Transport Equipment |
| 13300 | Travel for pilgrimage and other religious observances |
| 13400 | Travel for medical treatment |
| 14120 | Portfolio investment income |
| 14210 | Interest paid to/received from related non-resident company relating to loan obligations, including non-participating preference shares and financial leases. |
| 14220 | Interest paid to/received from non-related non-resident company relating to loan obligations, including non-participating preference shares and financial leases. |
| 14230 | Interest paid to/received from non-residents on deposits and negotiable instruments of deposits (NIDS) |
| 14240 | Interest paid to/received from non-residents on investment in bonds and notes |
| 14250 | Interest paid to/received from non-residents on money market instruments |
| 15100 | Malaysian government ofices abroad and foreign offices in Malaysia |
| 15200 | International organisations |
| 15300 | Trade missions |
| 15400 | Commision and other charges relating to loan obligations of the Malaysian government |
| 15500 | BNM minting of coins and printing of notes |
| 16100 | Communication Services |
| 16311 | Premium on high risk insurance relating to fire, marine, aviation etc |
| 16312 | Premiums paid/received on other general insurance |
| 16313 | Premium on life insurance |
| 16314 | Premiums paid/received on reinsurance |
| 16315 | Premium on insurance goods in the process of being exported/imported |
| 16321 | Claims settlements on high risk insurance relating to fire, marine, aviation, etc. |
| 16322 | Claims settlements on other general insurance |
| 16323 | Claims on life insurance |
| 16324 | Claims paid/received on reinsurance |
| 16325 | Claims on insurance on goods |
| 21131 | TAXES ON INCOME, WEALTH AND OTHER TAXABLE ASSETS (GOVERNMENT SECTOR) |
| 21132 | FINES AND PENALTIES (GOVERNMENT SECTOR) |
| 21133 | SOCIAL CONTRIBUTIONS AND BENEFITS (GOVERNMENT SECTOR) |
| 21201 | PERSONAL TRANSFER |
| 21241 | TAXES ON INCOME, WEALTH AND OTHER TAXABLE ASSETS (PRIVATE SECTOR) |
| 21242 | FINES AND PENALTIES (PRIVATE SECTOR) |
| 21245 | NET PREMIUMS ON NON-LIFE INSURANCE AND STANDARDISED GUARANTEES |
| 21246 | NON-LIFE INSURANCE CLAIMS AND CALLS UNDER STANDARDISED GUARANTEES |
| 33000 | EMPLOYEE STOCK OPTIONS |
| 35130 | MERGERS AND ACQUISITIONS |
| 35140 | EQUITY INVESTMENT OTHER THAN MERGERS AND ACQUISITIONS |
| 36140 | ISSUED BY NON-RESIDENTS IN DOMESTIC CAPITAL MARKET; CORPORATE STOCKS AND SHARES |
| 36240 | ISSUED BY NON-RESIDENTS IN DOMESTIC CAPITAL MARKET; BONDS AND NOTES |
| 36340 | ISSUED BY NON-RESIDENTS IN DOMESTIC CAPITAL MARKET; MONEY MARKET INSTRUMENTS |
| 39111 | PURCHASE/SALE OF REAL ESTATE IN MALAYSIA (COMMERCIAL) |
| 39112 | PURCHASE/SALE OF REAL ESTATE IN MALAYSIA (RESIDENTIAL) |
| 39121 | PURCHASE/SALE OF REAL ESTATE ABROAD (COMMERCIAL) |
| 39122 | PURCHASE/SALE OF REAL ESTATE ABROAD (RESIDENTIAL) |
| 72511 | FOREIGN CURRENCY TRANSACTIONS BETWEEN DIFFERENT ACCOUNTS OF THE SAME RESIDENT WITHIN THE SAME FI |
| 72512 | FOREIGN CURRENCY TRANSACTIONS BETWEEN DIFFERENT ACCOUNTS OF THE SAME RESIDENT EFFECTED BETWEEN DIFFERENT FIS |
| 73310 | ABROAD TRANSACTIONS BETWEEN NON-RESIDENTS EFFECTED BY RESIDENT FIS |
| 73320 | TRANSACTIONS BETWEEN NON-RESIDENTS WITHIN MALAYSIA |
| 14260 | INTEREST PAID TO/RECEIVED FROM NON-RESIDENTS ON CASH POOLING ARRANGEMENT |
| 31621 | EXTENSION TO /RECEIPT OF SHORT-TERM CASH POOLING FROM NON-RESIDENT. |
| 31622 | REPAYMENT OF SHORT-TERM CASH POOLING TO/BY NON-RESIDENT |
| 31623 | PREPAYMENT OF SHORT-TERM CASH POOLING TO/BY NON-RESIDENT |
| 31611 | EXTENSION TO /RECEIPT OF LONG-TERM CASH POOLING FROM NON-RESIDENT. |
| 31612 | REPAYMENT OF LONG-TERM CASH POOLING TO/BY NON-RESIDENT |
| 31613 | PREPAYMENT OF LONG-TERM CASH POOLING TO/BY NON-RESIDENT |
| 16793 | Other Business Services |
| 17080 | Settlement between Remittance Services Providers (RSPs) with resident financial institutions. |
| 16711 | Merchanting trade in Malaysia |
| 16712 | Merchanting trade Abroad |
Updated 22 days ago