Bank Code
Malaysian banks are identified by a 4-digit code used for interbank transfers through the Interbank GIRO (IBG) and DuitNow systems. Bank Negara Malaysia (BNM) oversees the banking system and PayNet manages the payment infrastructure.
At a glance
Country
Malaysia
Identifier
SWIFT
Format
4 digits
Used for
Domestic transfers
Format breakdown
0227
Bank Code
1–4
Institution (e.g. 0227 = Maybank)
How SWIFT works
The 4-digit bank code identifies the institution for domestic transfers. DuitNow also supports proxy-based transfers using phone number, NRIC, or business registration number, bypassing the need for bank codes.
Where to find yours
In your online banking app, on your bank statement, or on PayNet's participant directory.
Payment systems in Malaysia
| System | Speed | Description |
|---|---|---|
| DuitNow | Instant | Real-time transfers using account, phone, or NRIC |
| IBG | Next business day | Interbank GIRO for batch transfers |
| RENTAS | Same day | Real-time gross settlement for high-value transfers |
| DuitNow QR | Instant | Unified QR code payment system for merchants |
Major banks in Malaysia
Good to know
DuitNow supports transfers using phone number or NRIC — no bank code needed for P2P payments.
Touch 'n Go eWallet and Boost are popular e-wallets, but bank transfers still need the bank code.
Cross-border DuitNow QR payments are available with Thailand and Indonesia.
Related tools
Other countries
Frequently asked questions
Don't see the answer you're looking for? Get in touch.
Apply in less than 10 minutes today
Join the 5,000+ businesses already using Slash.