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Cimb Bank Berhad SWIFT Code in Malaysia

Cimb Bank Berhad SWIFT codes are an essential part of transferring money to a bank account. These ensure your funds reach a destination safely and as they should. This guide will break down each element of the Cimb Bank Berhad SWIFT code for you.

Keith Hodges
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Keith Hodges
2 minutes
March 21st, 2024
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Cimb Bank Berhad SWIFT code in detail

The SWIFT Code for Cimb Bank Berhad is .

The SWIFT Code for Cimb Bank Berhad is a unique alphanumeric code that plays a crucial role in international financial transactions. This 8 to 11 character code is structured in a specific way to provide essential information.

The first four characters represent the bank's code, identifying Cimb Bank Berhad itself. The next two characters are the country code, specifying the nation where Cimb Bank Berhad is located. Following that, the next two characters are the location code, providing details about the city or region of the bank's headquarters.

If the code is 11 characters long, the last three characters are optional and identify a specific branch of Cimb Bank Berhad.

This systematic arrangement ensures that every transaction reaches the correct destination, making the SWIFT code an essential part of global banking operations.

Is using Cimb Bank Berhad SWIFT code the best way to transfer money?

While using Cimb Bank Berhad to send money to Malaysia might seem like a convenient option, it's often not the most cost-effective choice.

Traditional banks tend to add substantial margins to the exchange rate for international money transfers, making them one of the most expensive options available.

Instead, we recommend considering a specialized money transfer provider to send funds to Malaysia. These providers typically offer more competitive exchange rates and lower fees, resulting in significant savings.

By choosing a money transfer provider over Cimb Bank Berhad, you are likely to find a more affordable and efficient way to transfer money to Malaysia.

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Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.