How to transfer money from PayPal to a bank account in Malaysia

Hannes Ausmees

If you’ve got a PayPal¹ balance you may be wondering how to get it to your regular bank account so you can spend or withdraw it more easily. It’s possible to withdraw money from PayPal Malaysia to a linked bank account or card, in just a few steps. However, depending on the transaction type, there may be a fee to pay, and you may need to wait a few days for your money to arrive.

This guide walks through how to transfer money from PayPal to a bank account in Malaysia, and how to withdraw money from PayPal Malaysia to a linked USD account. And because PayPal isn’t always the best bet when it comes to transacting internationally, we’ll also introduce Wise as a convenient way to send and receive international transfers with no currency conversion fee and the Google exchange rate.

Table of contents

How to transfer money from PayPal to a Malaysian bank account

You’ll be able to withdraw your PayPal balance to a Malaysian bank account in MYR - and depending on how your account is set up, you may also be able to link a USD account to withdraw in dollars as well. The process to follow will be the same for both options²:

  • Log into your PayPal account
  • Tap the Wallet icon, then PayPal balance
  • Select Transfer money
  • Follow the onscreen prompts to pick the account or card you want to transfer to, and the value of the withdrawal
  • Check over the details and any relevant fees
  • Confirm, and you’re done

Your money will normally be available in your bank account 1 business day after withdrawing³. However, withdrawals from PayPal Malaysia can take up to 5 days, depending on the processes your bank uses. If your money has not arrived within 5 days, you’re advised to ask your bank to understand if there have been problems processing your withdrawal.

If there’s any issue with the transfer from PayPal’s side you’ll receive an email explaining the steps you need to take to get your money.

Withdrawing money from PayPal on the app

You can withdraw money from PayPal to your linked bank account online or in the PayPal app. Both are pretty simple to do - but with the PayPal app you can manage your money on the move no matter where you are.

The process to follow when you withdraw money from PayPal using the PayPal app is the same as withdrawing online - simply follow the steps outlined above, and use the onscreen prompts to guide you.

Example: how to transfer money from PayPal to a Maybank account

Withdrawing your funds from PayPal to a bank account is pretty easy to do. To give an illustrated example, let’s look at withdrawing from PayPal to a Maybank account.

First you’ll need to make sure your Maybank account is linked to PayPal. If it isn’t yet, take the following steps:

  • Log in to your PayPal account
  • Click on Wallet
  • Select Link a bank account
  • Follow the onscreen prompts to add your Maybank account by entering details including the account number and MEPS bank routing code

Once your Maybank account is linked to PayPal you can set up your withdrawal:

  • Log in to your PayPal account online or in the app
  • Select wallet and Transfer to your bank, which is below your PayPal balance summary
  • Choose how much to transfer, and click Continue
  • Select your linked Maybank account to deposit funds to
  • Double check the details are correct and hit Confirm

Learn more about using PayPal and Maybank in this full guide.

PayPal fees and currency conversion fees in Malaysia

Whenever you transact with PayPal you’ll want to make sure you’re aware of any relevant fees - to avoid any surprises down the line.

Withdrawing your money in MYR to a linked bank account in MYR may not incur any PayPal fees at all. However, there could be extra costs if you’re withdrawing to a card, or if any currency conversion is required. Currency conversion with PayPal can come with some pretty steep fees - pushing up overall costs.

Let’s walk through the various PayPal fees you’ll want to consider. You can also get a full guide to PayPal fees here.

PayPal fees to withdraw funds

PayPal’s transfer and withdrawal fees do vary depending on where in the world you’re based and the type of PayPal account you hold. Here’s a look at PayPal Malaysia’s most common withdrawal fees for personal accounts as an example.

ServicePayPal Malaysia fee⁴
Withdraw from PayPal to your MYR linked bank accountNo fee where currency conversion is not required
Withdraw from PayPal to a USD bank account (where available)No fee where currency conversion is not required
Withdraw from PayPal to a cardFixed fee according to currency involved - 3 MYR for MYR withdrawals Currency conversion fees apply if you need to change your balance to the card’s currency to withdraw
Currency conversion2.5% - 3% in most cases

Other PayPal international fees

We mentioned above that transacting internationally with payPal can come with a few extra fees. While the costs you pay will vary based on your account type (personal or merchant) and where you’re based, here are a few to watch out for:

ServicePayPal Malaysia fee⁴
Sending international payments - funded with PayPal balance or bank account4.99 USD or the currency equivalent + currency conversion charge
Sending international payments - funded with card4.99 USD or the currency equivalent + 3.4% + fixed fee + currency conversion charge
Currency conversion2.5% - 4% in most cases

Save money on international transfers with Wise - get the mid-market exchange rate on every transfer

PayPal is a huge player in the world of digital payments and ecommerce - but it’s not always the best option for international transactions because of relatively high fees and currency conversion charges. Before you send your PayPal payment or choose PayPal to spend online in a foreign currency, check out Wise.

Wise Accounts can be opened for free, to hold and exchange 40+ currencies, and spend on your linked Wise card in 160+ countries. As well as being a great way to shop online and spend when you travel, Wise gives you local account details to get paid for free⁵ from 30+ countries.


Whenever you need to convert from one currency to another with Wise - to withdraw your funds, send a payment or buy something overseas - you’ll get the mid-market exchange rate. That’s the one you see on Google, with no markup or currency conversion charge added. You simply pay a low transparent fee which is clearly displayed - and which can mean you spend less compared to alternative services like PayPal.

Join Wise for free

Pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information


  1. PayPal Malaysia
  2. PayPal Malaysia FAQ - how do I transfer money to my bank account?
  3. PayPal Malaysia FAQ - where’s the money I transferred to my bank account?
  4. PayPal Malaysia fees
  5. Receiving USD wire transfers is the only exception, a small fee applies.

Sources checked on 12/01/2023

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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