These days you can withdraw money from your PayPal account to your Malaysia bank account.
You just have to link Paypal account to your Malaysia bank account. Then you can just withdraw your money with your ATM card.
A couple years back, it was so much hassle. PayPal only allowed Malaysians to withdraw their money via debit or credit card.
It was only in December 2009, PayPal allowed Malaysians to withdraw their PayPal money directly from various banks in Malaysia.
1. Log in to PayPal Account. Use your cursor to hover over “Profile” and a drop-down menu will appear. Click “Add/Edit Bank Account“.
Once you have finished filling in the details as required, click “Continue” button.
4. Now it will show a new page to say “You’ve added a bank account in Malaysia“. At this point, you can go back to “My Account” to log out, or you may want to start transferring money right away. You just click “Transfer funds”.
Next you must know how to transfer the money from PayPal to your bank account.
This is how you activate your Maybank Debit Card before you can do your online transaction.
Here is a list of MEPS Bank Routing Code (aka SWIFT Code)
AFFIN BANK BERHAD – PHBMMYKL
ALLIANCE BANK MALAYSIA BERHAD – MFBBMYKL
AMBANK BERHAD – ARBKMYKL
BANK ISLAM MALAYSIA BERHAD – BIMBMYKL
BANK KERJASAMA RAKYAT BERHAD – BKRMMYK1
BANK MUAMALAT BERHAD – BMMBMYKL
BANK OF AMERICA – BOFAMY2X
BANK SIMPANAN NASIONAL – BSNAMYK1
CIMB BANK BERHAD – CIBBMYKL
CITIBANK BERHAD – CITIMYKL
DEUSTCHE BANK – DEUTMYKL
EON BANK BERHAD – EOBBMYKL
HONG LEONG BANK BERHAD – HLBBMYKL
HSBC BANK MALAYSIA BERHAD – HBMBMYKL
MALAYAN BANKING BERHAD – MBBEMYKL
OCBC BANK (M) BERHAD – OCBCMYKL
PUBLIC BANK BERHAD – PBBEMYKL
RHB BANK BERHAD – RHBBMYKL
STANDARD CHARTERED BANK MSIA BHD – SCBLMYKX
THE ROYAL BANK OF SCOTLAND BERHAD (RBS) – ABNAMYKL
UNITED OVERSEAS BANK – UOVBMYKL
MEPS stands for Malaysian Electronic Payment System
SWIFT Code is a unique identification code for a particular bank and are are used for transferring money and messages between banks.
After you have linked both account together, here is a guide on how to transfer the money from PayPal to your ban account.