What is Online Foreign Transfer?
Online Foreign Transfer is a secure banking service that allows customers to conveniently transfer funds to overseas accounts. This service enables customers to perform international money transfer anytime and anywhere without the need to visit a physical branch.
Eligibility
- All new and existing i-Muamalat Retail Internet Banking (RIB) and Mobile Banking (MOB) users.
- Both new and existing customers must have an active Current or Savings account to be eligible to use the Online Foreign Transfer channel.
Fees
- Applicant: RM10.80 (inclusive of 8% SST)
- Recipient: No fee imposed
Transaction Limit
| Category | Limit |
| Individual (Resident) | RM 250–RM 50,000 |
| Individual (Non-Resident) | RM 250–RM 10,000 |
| Sole Proprietor | RM 250–RM 50,000 |
Supported Currencies by Region
| Country | Currency |
| SEPA | EUR |
| Australia | AUD |
| Indonesia | IDR |
| United Kingdom | EUR & GBP |
| United States | USD |
Information Required when using Online Foreign Transfer
| Type | Information Required |
| Applicant | Bank Muamalat Account (Current or Savings Account) |
| Recipient | Recipient’s information:
Bank’s Information:
|
Debited Account
Applicant is allowed to make transfer from Current Account or Savings Account.
Transaction TAT
Online foreign transfers usually take between 1–5 business days to reach the recipient, depending on their country and any extra checks required by the Bank or the receiving bank.
Operating Hours
The Online Foreign Transfer service operates daily from 9:00 am to 9:00 pm, including weekends.
