How to Add Malaysian Bank in Your PayPal Account.

As I wrote earlier, you can now use your Maybank, CIMB Bank or other local bank in your PayPal account. This enabled your Lot.my store to accept direct credit card or bank transfer online via PayPal.

In this post, I'll provide step-by-step guide on how you can link the local bank to your account. If you don't have an PayPal account yet, register here.

1. Login to your PayPal account as usual, under the My Account tab, go Profile and click Add/Edit Bank Account.
   
   
   
   
   
2. Now, in the Add a bank account in Malaysia page, please fill in the bank details as follows
   
   
   • Country of bank : Malaysia
   • Surname : (automatically filled)
   • Name : (put your first name, don't worry so much, PayPal didn't do cross check with the bank)
   • Bank name : (click the *details link to get your bank name and code)
   • MEPS bank routing code : (check the *details link)
   • Account number : (your account number)
   • Re-enter account number : (same as above)
   
   *Make sure you put the correct Bank name and MEPS banking code. If the code is wrong, you money will be ended up some where else.
   
   
   
   
   Once done, click the Continue button.
   
   
   
3. A review message with the information you just entered will be
   displayed. If everything correct, hit Add Bank Account button.
   
   
   
   
   
   
4. A confirmation message will appear next and now you're done!

PayPal Includes Malaysian Banks

This is not new but I've been receiving several question regarding PayPal in Malaysia. Near the end of 2009, PayPal announced the expansion of its services in Malaysia with the introduction of support for payments in Malaysian ringgit and a new bank withdrawal feature that enables members to transfer money from their PayPal account directly to a Malaysian bank account.

Yes, now we can link our local bank with the PayPal account. As you can see from the snapshot below, taken from the PayPal site, Malaysia is now on the Send. Receive. Withdraw. category.

Meaning, now we can use local bank to receive and make payment via PayPal. Lot.my allows PayPal transaction, thus you can now receive payment directly from your customer either via Credit Card or Direct Bank Transfer. Life is just getting easier huh.. :)

Here are the list of bank that has been PayPal enabled.

1. Affin Bank Berhad
2. Alliance Bank Malaysia Berhad
3. AmBank Berhad
4. Bank Islam Malaysia Berhad
5. Bank Kerjasama Rakyat Berhad
6. Bank Muamalat Berhad
7. Bank Of America
8. Bank Simpanan Nasional
9. CIMB Bank Berhad
10. CitiBank Berhad
11. Deustche Bank
12. EON Bank Berhad
13. Hong Leong Bank Berhad
14. HSBC Bank Malaysia Berhad
15. Malayan Banking Berhad
16. OCBC Bank (M) Berhad
17. Public Bank Berhad
18. RHB Bank Berhad
19. Standard Chartered Bank Msia Bhd
20. The Royal Bank Of Scotland Berhad (RBS)
21. United Overseas Bank 

If you don't have PayPal account yet, register here.

Update:  How to add Malaysian bank in your PayPal account.