If you are looking for a convenient and secure way to transfer money online, you might want to consider using MyBSN, the digital banking service provided by Bank Simpanan Nasional (BSN) in Malaysia.
MyBSN allows you to transfer funds to any bank account or mobile number in Malaysia, as well as pay your bills, reload your prepaid card, purchase PIN numbers, and more.
In this article, we will guide you through the steps of how to transfer money online with MyBSN, as well as some tips and tricks to make the most of this service. Whether you need to send money to your family, friends, or business partners, MyBSN can help you do it easily and quickly.
What You Need to Transfer Money Online with MyBSN
Before you can start transferring money online with MyBSN, you need to have the following:
- A BSN account with a BSN ATM/Debit/Credit Card
- A MyBSN account that is activated for online transactions
- The recipient’s bank account number or mobile number
- A stable internet connection
If you don’t have a MyBSN account yet, you can register for one by following these steps:
- Visit the MyBSN website or download the MyBSN mobile app from your app store.
- Click on “First Time Registration” and enter your BSN ATM/Debit/Credit Card number, PIN (for Debit Card only), card expiry date, and CVV2.
- Enter your New IC/Old IC/Passport Number.
- Create a user ID, request and enter a one-time password (OTP), and select a security image.
- Once registered, you can view your account listings in the Account Overview menu.
To activate your MyBSN account for online transactions, you have two options:
- Visit the nearest BSN branch for assistance
- Call the BSN Contact Centre at 1-300-88-1900 / +603-2613 1900 (Overseas)
How to Transfer Money Online with MyBSN
Once you have a MyBSN account that is activated for online transactions, you can follow these steps to transfer money online with MyBSN:
- Log in to your MyBSN account via the website or mobile app.
- Navigate to the Transfer Funds section in the main menu.
- Select the recipient’s bank account or mobile number from your list of favourites or add a new one by entering the details.
- Enter the transfer amount and select the currency (if applicable).
- Review and confirm the transfer details and click on “Submit”.
- Authenticate the transfer by entering an OTP sent to your registered mobile number or using a security token (if required).
That’s it! You have successfully transferred money online with MyBSN. You can view the status of your transfer in the Transaction History menu.
Tips and Tricks for Transferring Money Online with MyBSN
Here are some tips and tricks to help you make the most of transferring money online with MyBSN:
- With MyBSN, here’s what you need to know about fund transfers:
- Daily transfer limit: RM50,000.
- Transfer to any Malaysian bank via:
- MEPS Instant Transfer: 24/7, RM0.53/transaction. It’s fast.
- Interbank GIRO (IBG): RM0.11/transaction, slower with limited hours.
- Use DuitNow for transfers via mobile number: It’s free, 24/7, and you don’t need bank details.
- Save frequent contacts in ‘Transfer Funds’ for ease.
- Set automatic recurring transfers online to BSN or other banks.
- View current foreign currency rates in ‘Currency Converter’.
Conclusion
Transferring money online with MyBSN is a convenient and secure way to send funds to anyone in Malaysia. With MyBSN, you can enjoy hassle-free banking from the comfort of your own home or office. All you need is a BSN account, a MyBSN account, and an internet connection.
We hope this article has helped you learn how to transfer money online with MyBSN. If you have any questions or feedback, feel free to leave a comment below or contact the BSN Customer Service at 1-300-88-1900 / +603-2613 1900 (Overseas).