Finally, since the updated policy which says that Malaysians can withdraw PayPal funds directly to their local bank accounts beginning 14th October, 2009, we now have the ability to link our bank account to PayPal today.
The fees are what we all want to know, after all, from US$5 per transaction to our VISA credit or debit card which was changed to RM20 per transaction, we were losing MORE money.
Now, we have the information and it's free withdrawal to Malaysian banks if the amount is above RM400. If it's below, it's just RM3 per withdrawal. Withdrawal limit to a VISA credit card is US$500 per day but it's not stated if there is any if we were to withdraw to our bank account.
Is it cheaper to withdraw to our local Malaysian bank? That would depend on what currency exchange rate we get for USD to MYR. HHmmm One thing though, it would be quite tricky inputting our names into the field provided. LOL
ETA: I noticed that some of the MEPS bank routing codes provided in the pop-up window are incorrect. The most obvious one is for CIMB Bank Berhad. It is CIBBMYKL.
The fees are what we all want to know, after all, from US$5 per transaction to our VISA credit or debit card which was changed to RM20 per transaction, we were losing MORE money.
Now, we have the information and it's free withdrawal to Malaysian banks if the amount is above RM400. If it's below, it's just RM3 per withdrawal. Withdrawal limit to a VISA credit card is US$500 per day but it's not stated if there is any if we were to withdraw to our bank account.
Is it cheaper to withdraw to our local Malaysian bank? That would depend on what currency exchange rate we get for USD to MYR. HHmmm One thing though, it would be quite tricky inputting our names into the field provided. LOL
ETA: I noticed that some of the MEPS bank routing codes provided in the pop-up window are incorrect. The most obvious one is for CIMB Bank Berhad. It is CIBBMYKL.
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