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Banking in Malaysia


Banking in Malaysia

Banks in Malaysia do handle international transactions. These ranges from a nominal fee if you are an account holder to a slightly more expensive amount if you are only walking in to use a certain service. International banks such as CITIBANK & HSBC have their presence in Malaysia, with the latter having branches throughout the country. Local banking giants are MAYBANK & CIMB, & they are a very good alternative to the earlier mentioned banks, especially in terms of pricing,local knowledge & presence as well as international services available e.g. money transfers. For any enquiries and transactions, get a number, sit down and wait for your turn to be served. (There is no need to queue while you wait in air-conditioned comfort!) Banks are open Monday to Friday from 9.30AM to 4PM and selected banks are open on Saturday from 9.30AM to 11.30AM except on the first and third Saturdays of each month. In the states of Kedah, Kelantan and Terengganu, they are open Saturday to Wednesday from 9.30AM to 4PM and Thursday from 9.30AM to 11.30AM. US Debit cards: Due high levels of fraud, many Malaysia ATMs do not allow you to withdraw using a US debit card. Numerous travellers have noted this on travel forums. This is unique to Malaysia and is not applicable to Thailand, Singapore, or Indonesia. If you call your bank or even Visa/Mastercard, they are often not aware because the transaction is declined by the Malaysia bank. Make sure to bring cash or other form of money in case your debit card is rejected.

The Most Frequently Asked Travel Questions about Malaysia


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Malaysia Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.

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