SWIFT code is a standard format of Bank Identifier Codes approved by the International Organization for Standardization (ISO). It is the unique identification code of a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The SWIFT code is 8 or 11 characters.
If you expected to received money via wire transfer from overseas, then you need this code. For Malaysian Banks, only 8 characters swift code is required. In case the issuing banks requires 11 characters then just add “XXX” at the end of swift code shown below. For example for Al Rajhi Bank change from RJHIMYKL to RJHIMYKLXXX.