Features
Handling Fees
| Within Malaysia |
Worldwide |
| RM2.00 |
RM5.00 |
# An additional 2% of the transfer amount will be charged for transfers where the source of fund involves a UOB or other Visa credit card, for both domestic and international fund transfers.
* Each UOB Visa Money Transfer is limited to a minimum of RM250 to a maximum of RM8, 000 per transfer.
** UOB Visa Money Transfer is not available for Visa cards issued in the following countries: Balkans, Belarus, Colombia, Congo, Cuba, Iran, Iraq, Israel, Ivory Coast, Liberia, Myanmar, Nigeria, North Korea, Sudan, Syria, USA, Venezuela and Zimbabwe.
*** Subject to the time taken by the recipient bank to credit the funds into the recipients Visa card account.
Frequently Asked Questions
| |
1 |
How much does the recipient have to pay?
Generally, the recipient is not charged and receives the nett amount transferred. The fees & charges are borne by the sender. However, the recipient's card issuer policies would apply. |
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2 |
Can I only use my UOB Visa Credit / Debit card to transfer funds?
You can use any Visa Credit or Debit Card to send and receive funds as long as the country does not have any local money transfer regulations restricting fund transfers. You can also use cash or debit your UOB savings/ current account to fund the transaction. |
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3 |
Can I use my bank account to receive funds?
Yes, if the Visa Card used to receive funds is a debit card linked to the bank account (Visa Electron). However, funds cannot be directly transferred into a bank account. |
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4 |
What foreign currency conversion rate is used for International transfers?
The funds will be converted into the destination currency according to the bank's currency conversion rate on the day you applied for the transfer. |
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5 |
What is the minimum or capped limit for each fund transfer?
You can transfer a minimum of RM250 to a maximum of RM8,000 per transfer. |
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6 |
Where can I use the service?
Currently this service is only available at all UOB branches and UOB Personal Internet Banking for customers intending to transfer funds. It will soon be available through the ATM. |
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7 |
Where can I transfer the funds to?
Through UOB Visa Money Transfer, you can send money to Visa Cards worldwide. It does not matter where the intended recipient of the money is as long as he/she has a Visa account. However, due to local money transfer regulations, certain countries and financial Institutions are blocked from receiving a transfer. To date, countries that are blocked are USA, Venezuela, Colombia, Nigeria, Myanmar, North Korea, Israel and Iran. |
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8 |
When is a UOB VMT transaction considered Domestic or International ?
A transfer is considered Domestic when the recipient's card is a card issued in Malaysia and is classified as International when it is issued outside the country. |
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How do I apply?
More Information
- Call our 24-hour UOB 121 Phone Banking at:
Kuala Lumpur(6) 03-26128
121
Penang(6) 04-2401
121
Johor Bahru(6) 07-2881
121
Kuching(6) 082-287 121
Kota Kinabalu(6) 088-477 121
- Email us
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