Remittances and Standing Instructions

Remittances and Standing Instructions

No. Type of Charges Amount
1 Purchase of banker's Cheque
  • For all types of applications including new Public Share Issue Applications (Account holders and Non-Account holders)
  • RM5.00 commission 
  • RM0.50 cheque processing fee and
  • RM0.15 stamp duty
Applicable for each banker's cheque issued including new public share issue applications in favour of MIDF / MIH
2 Replacement or refund of Banker's Cheque reported lost RM20.00 inclusive of stamp duty 
3 Replacement or refund of stale Banker's Cheque RM20.00
4 Cancellation of Banker's Cheque (exclude new public share issue applications) RM2.00 per piece
5 Purchase of Foreign Demand Draft

RM2.00 for amount of RM5,000.00 equivalent and below plus cost of Advice to Agent

6 Replacement or refund of Foreign Demand Draft reported lost RM20.00 each plus RM10.00 stamp duty for Indemnity Letter plus cost of wire plus agent charges
7 Replacement or refund of stale Foreign Demand Draft RM20.00
8 Cancellation of Foreign Demand Draft (original draft presented) RM5.00 per piece plus cost of wire
9 Outward Telegraphic Transfer in Malaysia Ringgit RM10.00
  • Outward Telegraphic Transfer in Foreign Currencies
  • RM2.00 for amount of RM5,000.00 equivalent and below plus cost of wire  
11 Transfer of funds through RENTAS
  • Over-the-counter
  • RM5.00 per transaction
12 Inward RENTAS Payment Free of Charge
13 Interbank Giro Payment System
  • over-the-counter
  • via internet banking and mobile banking
  • via ATM
  • RM0.30 per transaction
    Note: Free of Charge for senior citizens (aged 60 years and above) and disabled persons.
  • RM0.10 per transaction
    Note: Waived effective 13/06/2018).
  • RM0.30 per transaction
    Note: Waived effective 01/07/2018).
14 Inward Telegraphic Transfer with payment instruction
  • Credit online into customer's account
  • Pay on identification
  • Credit an account maintained at another bank
  • RM5.00
    Note: RM5-00 is waived for inward Swift Go payments effective 20/11/2023
  • RM5.00 plus stamp duty
  • RM10.00
15 Standing instructions  
  • Within branch
  • RM2.00 per item
  • Interbranch transfer
  • RM5.00 per item
  • Payment to third parties
Standing Instruction (SI) payment method Charges (RM) Total (RM)
SI Banker's Cheque (BC) Cheque processing fee Interbank GIRO (IBG) RENTAS
BC 5.00 5.00 0.50 - - 10.50^
IBG 5.00 - - 0.30 - 5.30
RENTAS 5.00 - - - 5.00 10.00

^ Excluding postage for sending BC

The relevant stamp duty* for stamping the periodical payment form is also to be imposed.

  • Payment to Third Parties - Enhanced Standing Instruction (ESI)
  • RM3.00 for each successful ESI plus the relevant stamp duty* for stamping the periodical payment form.
  • Unsuccessful attempt on the instruction date due to insufficient funds
  • RM5.00 per transaction
  • WISE Savings Account
  • Waiver for transfer of funds from parents’ account subject to a maximum of RM1,000.00 per transfer
Stamp duty for Standing Instruction*
Description of Instruments / Documents Stamp Duty Payable
Periodical Payment Form Where payee is not a third party RM10.00
Where payee is a third party Waived
16 Cancellation of Foreign Outward Telegraphic Transfer  
  • Actual cable charges
  • Agent charges
  • Handling Charges of RM30.00
For Outward Foreign Remittances, Agent charges could be applicable depending on the currency and destination. All charges outside Malaysia are to be borne by the beneficiary unless instructions to the contrary are given.