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Remittance Rate


Effective Date: 1 June 2018

 
Banking Services
Outward Telegraphic Transfer :
MYR payable through RENTAS Cable charges - MYR4.00* per item
MYR payable through IBG Cable charges - MYR0.50* per item
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 :
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 :
For all types of application except MIDF/MIH new share issue Service charge : MYR2.00*
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 : MYR2.00*
Stamp duty : MYR0.15
Cancellation/Repurchase Service charge : MYR2.00*

* Effective of 1 June 2018, GST rate is 0%.

** Foreign currency exchange based on the prevailing exchange rates.

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