What types of beneficiaries can I transfer MYR to?
You can send MYR payments to individual and business accounts in Malaysia.
Payment Types
You can send MYR via:
Local bank transfer
Duitnow
Name Checks
No name verification is required for MYR transfers.
Is there a limit on the amount I can send?
Resident (DuitNow RPP scheme bank): MYR 9,800,000
Resident (non-DuitNow RPP scheme bank): MYR 975,000 per transfer
Non-resident: MYR 10,000 per transfer
How long does it take for the funds to reach the beneficiary?
Cut-off Times: 24/7 processing
Delivery Estimate: Typically instant or up to 1 business day after currency conversion is completed
Note: Currency conversion can take up to 2 business days from the time your transfer is approved.
What will the sender's name be reflected as?
Your business name will be displayed as the sender on the recipient's bank statement.
What information should I include when sending MYR transfers?
Recipient and Transfer Details:
When initiating the transfer in the Aspire app, Admin and Finance Users will be asked to provide:
Full recipientʼs or business name: Up to 50 characters only, no special characters
allowed
Bank name
Bank account number (7-20 digits long)
For DuitNow: Mobile number, army/police number, business registration
number or NRIC
Transfer purpose: Required
Traces and Recalls
Traces: Traces requests are not supported.
Recalls: Recall requests are supported with valid reasons (fraud-related cases with a police report).
To request a recall, contact Aspire Support Team via the Aspire app.
Bounceback
If your transfer is rejected by the recipient's bank, the funds will be returned to your Aspire account within 2 business day.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.