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KWSP Malaysia for Monthly Housing Loan Payment [ March 13th, 2010 ] | 454 views | 3 Comments

kwsp_malaysia

I heard a lot of forumer keep on discussing about this issue recently - KWSP steal citizen money! KWSP allow monthly withdrawal from EPF account 2 for the monthly housing loan repayment. But, from their discussion, some of them said that the withdrawal plan is actually a SCAM! I am sure you will feel keen to know more on this issue, right? Let me share with you what I’ve heard:

We take an assumption here:

If you have RM50,000 in your EPF account 2 and your monthly housing loan’s installment is RM1000/month. KWSP will approve your application of withdrawal from your EPF account 2 of RM50,000 and pay you RM1000/month for the next 50 months.

The only thing that KWSP did not inform us in detail is that when the application was approved, will the total amount RM50,000 is removed from EPF account 2? In the other words, it appears to be transferred to an unknown account to effect the monthly payment?

Complete List of Malaysian Bank Swift Code

bankSWIFTcode

Do you know what is bank swift code? It is the unique identification code of a particular bank. These codes are used when sending money between banks via wire transfers.

Recently, I have a business deal with a client from New Zealand who sending his credit to my bank account via this technique. In the other words, bank swift code is very useful for those who are sending their credit/money from outside Malaysia to our local bank through bank-to-bank transfer.

Here’s a list of Malaysian banks swift code, there are in 8 unique charaters:

Affin Bank Berhad -> PHBMMYKL
Alliance Bank Berhad -> MFBBMYKL
Ambank Berhad -> ARBKMYKL
Bank Simpanan Nasional -> BSNAMYKL
CIMB Bank Berhad -> CIBBMYKL
Citibank Berhad Malaysia -> CITIMYKL
EON Bank Berhad -> EOBBMYKL
Hong Kong Bank Malaysia Berhad -> HBMBMYKL
Hong Leong Bank Berhad -> HLBBMYKL
Malayan Banking Berhad -> MBBEMYKL
OCBC Bank Berhad -> OCBCMYKL
Public Bank Berhad -> PBBEMYKL
RHB Bank Berhad -> RHBBMYKL
Standard Chartered Bank Malaysia Berhad -> SCBLMYKL
United Overseas Bank Berhad -> UOVBMYKL