For 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, PayPal starts to accept Malaysian registrations. No withdrawal options for Malaysians that time.
3 years later,, 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?
- Login your PayPal account. Under “My Account” tab, click “Profile” then click “Add/Edit Bank Account“.
- 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.
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.for more information.
Tip: click on the “Details” link to find out your bank’s routing code
- After you are done, you will be asked to review the details. Click “Add Bank Account” button if everything is correct.
- You are done!