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Finally received Paypal money in Malaysia Bank Account! Read this if you want to withdraw Paypal money with ZERO cost.

The second day after I initiate Paypal withdrawal to bank account, the transaction status change from “pending” to “completed”. But actually the fund is not in local bank yet.

Fast Paypal Customer Support

I checked with Paypal on my transaction status. Paypal respond me within an hour, said that they only can initiate trace of the transaction if I didn’t receive it after 14 days. I’m satisfied with fast Paypal customer service.

Basically the status tell us it has been transferred to the bank. Now depends the bank to credit into local bank which normally take 3 business days. (more…)

Finally Paypal support money withdrawal to Malaysia local banks in Malaysian Ringgit (MYR)! Further, the process fee is FREE if you withdraw more than RM400.

Before it support local bank, I used to transfer Paypal money to VISA credit card. It charged $5 (USD) per transaction that enough me go for a comfort dinner.

Add Malaysia Local Bank and Withdraw Fund

1. First you need local bank account information. Then login Paypal > “My Account” > “Profile” > “Add/Edit bank Account“.
2. Key in your bank account info accordingly. Make sure the MEPS bank routing code is correct (click “Details” to check). Finally, click “Add Bank Account” and you are done!
3. The withdrawal process is straight forward too. Select “Withdraw to Bank Account“, key in amount and withdraw. Noticed that the currency is slightly lower than market price.

Wait 2-3 business days for process and check your bank account. Paypal will charge RM3.00 for transaction less than RM400, which is also quite cheap. (more…)