As announce earlier on the policy changes, finally Paypal user from Malaysia is able to withdraw their Paypal fund to their Malaysian bank account. This is indeed the most wanted feature dream by them.
Paypal withdrawal to Malaysian bank account will be completely free of charge if the withdrawal amount is equal or above RM400.00 but there will be a nominal fee of RM3.00 if the withdrawal amount is less than RM400.00. The withdrawal will take 2 to 3 business days to be reflected in the bank account. I expect that Paypal is utilizing MEPS network for the fund transfer.
If your Paypal fund is in other currency other than Malaysian Ringgit, Paypal will automatically convert it for you with 2.5 percent exchange fee.
If you unsure on how to withdraw Paypal fund to your Malaysian bank account, below are the step by step guide.
Click on “Profile” Menu & follow by “Add/Edit bank Account”.
Click on “Add”
Fill in all the required information. Clink on “Details” to find out your bank MEPS routing code. Click “Continue” when done.
Review your details and if everything if in good order Click “Add Bank Account”
Click on “Withdraw” and “Withdraw to your bank account”
Fill in the amount to withdraw & select your Malaysian bank account. Click “Continue” when done.
Review the information & Click “Submit when done.
You successfully withdraw your paypal fund to Malaysia bank account. Your fund will be credited within 7 business days.