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What are the beneficiary reference details and supporting documents required for the Foreign Telegraphic Transfer to be approved?

Customers and the Bank must comply with the Regulatory requirements when initiating an Outward Foreign Telegraphic Transfer payment (e.g.: Foreign Exchange Notices, Statistical Reporting Enforcement Framework and etc.) and the following supporting documents are required for the processing of an Outward Foreign Telegraphic Transfer payment.

For foreign currency payments, the following are example of  the supporting documents required:

Purpose of payment

Examples of documents to support transaction (non-exhaustive)

Beneficiary Reference Details

Between immediate family (parents, spouse, children and siblings only) Marriage certificate, birth certificate, identity cards, passports NIL

Education overseas

For sponsoring entity: Letter of award / scholarship / sponsorship, letter of offer by overseas school / college / university for sponsored student, invoice for tuition / accommodation / other fees

Student ID Number

For individual: Letter of offer by overseas school / college / university
For student, valid student card / pass / ID, invoice for tuition / accommodation / other fees, letter indicating estimated fees and/or living expenses for an academic year
Employment overseas

Between Residents – Employer's Letter of Offer or Letter from employer confirming employment, Staff ID, Staff Work Permit, etc

Staff ID Number

Goods & Services

Invoice, bill of lading, purchase order, delivery order, supply contract, service /tenancy / rental agreement, payment advice Invoice Number
Loan repayment Letter of offer or loan agreement, loan repayment schedule, promissory note

NIL

Ringgit asset, including any income and profit due Sale and purchase agreement, receipt for purchase or sale, tenancy / rental agreement, dividend payment notice

NIL

Payment of any security or financial instrument (conventional and Islamic), payment of commodity murabahah transaction through resident commodity trading service provider, payment of derivative with a resident futures broker Letter of account opening, contract notes with due dates, resident broker invoices to the buyer / customer

NIL

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