Talking about international remittance will never go far from a code called SWIFT code. This code is founded in order to give an easy identification for banks or financial institutions. Each bank and financial institution have their own SWIFT code to distinguish them one from another.
International fund transfer can also be done in such an immaculate manner – given that the code will make sure the fund is delivered to the right payee.
In case you need to transfer fund to a payee with Bank Rakyat Malaysia account number, then you will need Bank Rakyat Malaysia SWIFT Code as well. The SWIFT code for this bank is BKRMMMYKLXXX. Remember, each branch may have different SWIFT code.
As for the aforementioned SWIFT code, it is the SWIFT code for the main branch in Kuala Lumpur. Let’s try to decode what it means: the four frontier letters represent the bank’s name. The next four is where a certain bank branch is located. In this case, it is in Malaysia’s (MY) Kuala Lumpur (KL). The rest letters, shown as XXX, is changeable depending on each branch identification code.
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Knowing this code is important to ensure your international fund transfer (remittance) is delivered to the right payee. Following that, it is also important to check whether the inputted account number is right or not. You can check the right SWIFT Code of Bank Rakyat Malaysia below.
|Detailed information about SWIFT Code BKRMMYKL|
|Bank||BANK KERJASAMA RAKYAT MALAYSIA BERHAD (BANK RAKYAT)|
|Address||JALAN TANGSI BANGUNAN BANK RAKYAT PTPK FLOOR 1|
|SWIFT Code BKRMMYKL Breakdown|
|SWIFT Code||BKRMMYKL or BKRMMYKLXXX|
|Bank Code||BKRM - code assigned to BANK KERJASAMA RAKYAT MALAYSIA BERHAD (BANK RAKYAT)|
|Country Code||MY - code belongs to Malaysia|
|Location Code||KL - code represents the institution location|
|Code Status||L - L means active code|
|Branch Code||not assigned or XXX - code indicates this is a head office|