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Remittance Rate


Effective Date: 29 Jan 2018

 
Banking Services Prices are inclusive of GST
Outward Telegraphic Transfer :
MYR payable through RENTAS Cable charges - MYR4.24 per item
MYR payable through IBG Cable charges - MYR0.53 per item
Foreign currency payable at foreign branch/bank
below MYR5,000 Cable charges of MYR31.80
Service charge MYR2.12 
MYR5,000 and above Cable charges of MYR31.80
Outward TT Amendment/Cancellation/Enquiry Cable charges of MYR31.80
Outward Demand Draft :
Issuance of foreign currency drawn on foreign branch/bank
below MYR5,000 MYR2.12
MYR5,000 and above Free
Demand Draft reported lost/reissuance Service charge : MYR10.60
Stamp duty : MYR10.00
Cable charges : MYR31.80
Agent charges *(if any)
Request to replace/ refund  Service charge : MYR10.60 per draft
Cable charges : MYR31.80
Inward Remittances :
Rentas/IBG Free
Received from overseas banks MYR5.30 service charge deducted from the proceeds received
Demand Draft drawn on BOCM Free
Cancellation of payment before any action taken by BOCM *USD15.90 or its equivalent per item deducted from the proceeds received
Cancellation of payment after BOCM advise remitting bank regarding payment details *USD31.80 or its equivalent per item deducted from the proceeds received
(excluding loss in foreign exchange)
Enquiry (swift) sent out to Remitting bank MYR31.80 per item deducted from the proceeds
Cashier’s Order :
For all types of application except MIDF/MIH new share issue Service charge : MYR2.12
Stamp duty : MYR0.15
e-Spick Service Charge : MYR0.53
For MIDF/MIH new share issue application Stamp duty : MYR0.15
Reported lost Service charge : MYR10.60
Stamp duty : MYR10.00
Request to replace Service charge : MYR2.12
Stamp duty : MYR0.15
Cancellation/Repurchase Service charge : MYR2.12

*  foreign currency exchange based on the prevailing exchange rates

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