Maybank Limits 2025: Full Guide
If you use Maybank Malaysia and need to send a high value payment overseas, you’ll want to know about the Maybank transfer limit which will apply. There are different limits to transfer with Maybank, depending on how you set up your payment - which can range from pretty low to very high indeed.
This guide covers what you need to know, plus how to change a Maybank transfer limit if you need to. We’ll also introduce a couple of alternatives like Wise and Western Union which offer convenient international payments with relatively high limits.
Quick summary: Maybank transfer limits
Maybank offers several different transfer limits, depending on the way you want to pay
Maybank’s online limits are lower than the limit you find if you set up a Maybank transfer in a branch
Maybank transfer fees vary, from around 10 MYR online to 30 MYR in branch
Maybank’s exchange rates for currency conversion are likely to include a markup - an additional fee
You may find you can send a cheap digital overseas transfer if you choose a non-bank provider like Wise or Western Union
Does Maybank have limits?
Yes. Maybank imposes limits on transfers, which can vary depending on how you want to arrange the payment.
For example, sending money using a foreign telegraphic transfer in a branch may have no upper limit. However, online you’ll usually be capped at 9,999 MYR for Maybank Western Union payments, while the Maybank MAE transfer limit for sending money to Cambodia is 10,000 MYR.
We’ll look at the Maybank transfer limits in detail in a moment.
Is Maybank safe for large amounts?
Yes. Maybank is safe to use, even when sending large amounts. Maybank is licensed by Bank Negara Malaysia and uses industry level security to keep accounts and payments protected.
How much money can I send through Maybank?
Maybank offers various different ways to send money including:
Send money online
Send money in Maybank MAE
Send money in a branch or kiosk
Send money through partnerships with Western Union
The limits are different for different types of payment, to ensure accounts are kept secure and customers can transact how they want to.
Maybank transfer limits
Maybank’s transfer limits can vary a lot depending on the specific transaction and method you want to use. If you hold a standard Maybank account, the good news is that you can always call into a branch to send a foreign telegraphic transfer with no upper limit - but in this case the fees are higher compared to sending online. Here’s a summary of Maybank transfer limits for different types of international payments:
| Maybank payment detail | Maybank limit |
|---|---|
| Send money online using Maybank2U | Send up to a combined total of 49,999 MYR per day |
| Send money in a Maybank branch or forex kiosk | No limit |
| Send money through Maybank’s partnership with Western Union | 9,000 MYR per day |
| Send Bakong Transfer (via MAE app) | 10,000 MYR per day |
Details correct at time of research - 8th January 2025
Wondering about how other Malaysian banks apply transfer limits? Check out this guide to CIMB limits in Malaysia to learn more.
Alternatives to Maybank for international payments
Depending on your preferences and needs, you may choose to use an alternative to Maybank for your international payment. If you want to stick with a bank you may like to know HSBC Malaysia has higher online limits compared to Maybank. Or if you want to send cash, you may like Western Union. Finally, for low cost payments which can arrive very quickly in the destination account you may want to check out Wise. Here's an overview.
| Providers | Maybank | HSBC | Western Union | Wise |
|---|---|---|---|---|
| Coverage | Send to 100+ countries | Send to 150+ countries | Send to 220 countries and territories | Send to 160+ countries |
| International transfer limits | 49,999 MYR/day online, no limit in branch | 200,000 MYR/day online, no limit in branch | 3,000 MYR/day, with higher value payments offered in store* | 30,000 MYR/day in most cases |
| Transfer fees & exchange rates | Variable fee depending on account and destination Exchange rates include a markup | Variable fee depending on account and destination Exchange rates include a markup | Variable fee depending on account and destination Exchange rates include a markup | Fee from 0.71% Mid-market exchange rate |
HSBC
HSBC lets established customers send up to 200,000 MYR per day using their online and mobile banking service, and has no limits to the amount you can send when you visit a branch. Newer customers can only send 5,000 MYR online, as a security measure.
Send money online or in person to 150+ countries
Different transfer methods available depending on your needs and preferences, which have their own fee structures
Easy to use and reliable bank
| HSBC payment detail | HSBC limit |
|---|---|
| New customer sending money online | 5,000 MYR/day |
| Established customer sending online | 200,000 MYR/day |
| Sending in branch | No limit |
Details correct at time of research - 8th January 2025
Western Union
Western Union supports payments to banks and for cash collection, more or less anywhere in the world. You’ll find there’s a pretty low limit for sending money online, but you can usually visit a Western Union location if you want to send above the online limit.
Send more or less anywhere in the world, with options for cash collection available
In store limits are usually higher than the online limits
New customer promotions are often available
| HSBC payment detail | HSBC limit |
|---|---|
| Sending online | 3,000 MYR per day 15,000 MYR per week 30,000 MYR per month |
| Sending in branch | Limit set by individual agent - usually higher than online limits |
Wise
Wise offers high value payments to 160+ countries, with the mid-market exchange rate and low fees from 0.71%. Set up a Wise account online or in the Wise app, to send money with just your phone or laptop - there’s no need to visit a bank or office location to process your transfer.
Varying send limits depending on the payment - there’s usually no limit for Malaysian residents sending from a Wise MYR balance to another MYR account
Volume discounts may apply with lower fees when sending high cumulative amounts
Secure and speedy international payments to 160+ countries
| Wise payment detail | Wise limit |
|---|---|
| Payments sent to a different currency by Malaysian residents and funded by Wise MYR balance, bank transfer or FPX | 30,000 MYR per day - up to 13 monthly payments, to 7 unique recipients |
| Payments sent by Malaysian residents and funded from Wise MYR balance to another MYR account | No limit |
| Payments sent by Malaysian resident foreign workers | 5,000 MYR a month |
Is it possible to increase Maybank transfer limits?
Maybank does not give guidance on how to increase transfer limits, where limits are applied for security reasons. However, if you need to send a high value payment which exceeds the online payment options, you can still visit a branch to do so.
How to increase Maybank transfer limits
Visit a branch of Maybank, or a Maybank forex kiosk, to send a high value payment. You can find the list of locations on the Maybank website or in their app.
How to send high amount transfers with Maybank
You can send payments online through Maybank2U or in a branch. If you’re sending 49,000 MYR or less in a day, you can send it online. If not, you’ll need to visit a Maybank branch where you’ll be guided through the process by a member of the service team.
Here’s how to send a payment with Maybank using Maybank2U:
Log into Maybank’s online banking service
Select Pay and transfer and then Transfer
Select the account to transfer from and to
Enter the currency and amount of payment
Click Foreign telegraphic transfer to see the fee and exchange rate
Follow the online prompts to enter all the required information
Confirm your payment, and you’re done
Maybank large transfer fees
Maybank offers a few different ways to send payments overseas. However, if you’re sending a higher value payment you’ll probably need to select a foreign telegraphic transfer, which you can arrange online or in the Maybank2U app.
There’s a fee to pay when you send money overseas, which can vary depending on the way you send your foreign telegraphic transfer. Here’s a summary:
| Payment detail | Maybank fee |
|---|---|
| Payment sent online | MYR 10 |
| Payment sent in a branch | Payments to Singapore in SGD - MYR 10-15 + commission fee of MYR2 for payments of under MYR5,000 All other payments - MYR 30 |
Aside from this transfer fee, there’s likely to be a variable markup added to the exchange rate. This is a percentage fee which is added to the exchange rate used to convert your ringgit to the currency you need for deposit in the recipient’s account.
Additional fees may be deducted from your payment as a result of the SWIFT payment network. You can avoid this by selecting a Guaranteed OUR (G’OUR) payment online or at a Maybank branch. In this case, you pay an additional fee to ensure your recipient doesn’t pay SWIFT costs.
Maybank exchange rate for international transfers
The exchange rate offered by Maybank is likely to include a markup on the mid-market rate. The mid-market rate is the one you’ll see for your currency on a currency converter tool. To see the markup - which is a fee - for your specific currency, you’ll need to compare the rate you see in a currency converter tool, against the Maybank rate which you can find on Maybank2U.
Bank exchange rate margins can be around 3%. This percentage charge quickly mounts up when higher value payments are involved. Here’s how the exchange rate markup builds up with a 3% margin used for different transfer values:
Sending 1,000 MYR - the exchange rate markup adds 30 MYR to the total
Sending 5,000 MYR- the exchange rate markup adds 150 MYR to the total
Sending 50,000 MYR - the exchange rate markup adds 1,500 MYR to the total
It’s helpful to know that Maybank may offer discounted markups on some payments over 10,000 MYR, made online and in app. Discounts vary depending on the type of Maybank account you hold.
Maybank customer support for high amount transfers
To get support with your Maybank international transfer you can always call into a branch or visit a Maybank foreign exchange kiosk. Staff there can answer your questions and help you navigate the process.
As an alternative, you can also get in touch with Maybank using these methods:
Open a secure chat in the Maybank2U app
Complete the online contact form on the Maybank website
Call Maybank on 1 300 88 6688
Email Maybank on [email protected]
Conclusion: Does Maybank have transfer limits?
Yes. Maybank offers several different ways to transfer money abroad, which each have their own limits. Some services, such as payments made through Maybank’s partnership with Western Union, can have a fairly low daily limit. Sending money online from your Maybank account will usually mean a limit of 49,999 MYR a day, while there’s no limit if you want to send money in a branch. These limits are fairly typical of Malaysian banks, although our research did show that some, such as HSBC, do offer higher online limits for established customers.
If you’d prefer to send your payment using an intuitive app or web service, compare the options with Maybank against non-bank solutions such as Wise. You can send money to 160+ countries, with the mid-market rate and low fees, with no need to visit a branch.