Remittance and Electronic Banking Fees and Charges
Effective Date: 1st August 2023
| Banking Services | Fees & Charges | |||
|---|---|---|---|---|
| Outward Telegraphic Transfer : | ||||
| Local Transfer | Over-The-Counter | Mobile/ Online Banking | ||
| Personal | SME | Corporate | ||
| MYR payable through RENTAS | Cable charges - MYR4.00 per item | N/A | MYR 2.00 | |
| MYR payable through IBG | Cable charges - MYR0.30 per item | Waive | MYR 0.10 | |
| DuitNow (for transaction more than MYR5,000.01)1 | MYR 0.50 | |||
| Foreign currency payable at foreign branch/bank | ||||
| below MYR5,000 | Cable charges of MYR30.00 | |||
| Service charge MYR2.00 | ||||
| MYR5,000 and above | Cable charges of MYR30.00 | |||
| Outward TT Amendment/Cancellation/Enquiry | Cable charges of MYR30.00 | |||
| Outward Demand Draft (Over-The-Counter) : | ||||
| Issuance of foreign currency drawn on foreign branch/bank | ||||
| below MYR5,000 | MYR2.00 | |||
| MYR5,000 and above | Free | |||
| Demand Draft reported lost/reissuance | Service charge : MYR10.00 | |||
| Stamp duty : MYR10.00 | ||||
| Cable charges : MYR30.00 | ||||
| Agent charges (if any)* | ||||
| Request to replace/ refund | Service charge : MYR10.00 per draft | |||
| Cable charges : MYR30.00 | ||||
| Inward Remittances : | ||||
| RENTAS/IBG | Free | |||
| Received from overseas banks | MYR5.00 service charge deducted from the proceeds received | |||
| Demand Draft drawn on BOCM | Free | |||
| Cancellation of payment before any action taken by BOCM | *USD15.00 or its equivalent per item deducted from the proceeds received | |||
| Cancellation of payment after BOCM advise remitting bank regarding payment details | *USD30.00 or its equivalent per item deducted from the proceeds received(excluding loss in foreign exchange) | |||
| Enquiry (SWIFT) sent out to Remitting bank | MYR30.00 per item deducted from the proceeds | |||
| Cashier’s Order (Over-The-Counter) : | ||||
| For all types of application except MIDF/MIH new share issue | Service charge : MYR5.00 | |||
| Stamp duty : MYR0.15 | ||||
| e-Spick Service Charge : MYR0.50 | ||||
| For MIDF/MIH new share issue application | Stamp duty : MYR0.15 | |||
| Reported lost | Service charge : MYR10.00 | |||
| Stamp duty : MYR10.00 | ||||
| Request to replace | Service charge : MYR5.00 | |||
| Stamp duty : MYR0.15 | ||||
| Cancellation/Repurchase | Service charge : MYR2.00 | |||
| Other Banking Services | ||||
| Banking Services | Over-The-Counter | Mobile/ Online Banking | ||
| Personal | SME | Corporate | ||
| Standing Order | N/A | MYR 2.00 | N/A | |
| Electronic Banking Services : | ||||
| Banking Services | Personal | SME | Corporate | |
| ETOKEN (First Application) | Waive | Waive | MYR 50.00 | |
| ETOKEN (Replacement due to damages & lost) | MYR 30.00 | |||
| ETOKEN (Replacement due to expiry) | Waive | |||
| Monthly Subscription Fee | Waive | |||
1 Applicable to DuitNow Transfer (Account Number, DuitNow ID), DuitNow QR (Domestic, Cross Border) and DuitNow Request.
* Foreign currency exchange based on the prevailing exchange rates.
