Demand Draft (D/D)
Introduction
A Demand Draft is an economical way to remit funds to the beneficiary through inward clearing if deposited.
A Demand Draft can be deposited into the beneficiary's bank account maintained with BOCM or at other banks.
Eligibility
All Malaysian citizens, permanent residents and foreigners aged 18 years and above.
Application Requirements
- All BOCM deposit account holder
- To provide supporting document for remittance amount more than MYR25,000 equivalent or upon requested by the Bank
Information Required
Beneficiary's full details such as: Name, Full Address, Beneficiary Bank's name, SWIFT Code and Beneficiary's account number.
Fees & Charges
Please refer to the Bank's latest Service Rates & Tariffs.
