MBSB Bank Raises Daily Overseas Transfer Limit to RM150,000

MBSB Bank has expanded its Global Easy Transfer cross-border remittance service, increasing the daily limit to RM150,000 across 20 major foreign currencies. Announced on 10 November 2026, the updated facility is available natively through the bank's M Journey mobile application. Developed in partnership with Wise, the service debits funds directly from MBSB Bank CASA-i accounts without requiring intermediate e-wallet top-ups, whilst charging all transaction fees transparently in Malaysian Ringgit. The update provides Malaysian individual and corporate account holders with significantly larger cross-border payment headroom and real-time tracking capabilities.

Key Facts

MBSB Bank provides international cross-border remittance through its Global Easy Transfer feature embedded inside the M Journey digital banking app. The service connects directly to Islamic savings and current accounts, allowing users to send funds overseas across twenty foreign currencies. Global Easy Transfer now supports daily foreign currency remittances up to RM150,000 across 20 major currencies.

What Has Changed With the Global Easy Transfer Service?

MBSB Bank has raised the daily remittance cap of Global Easy Transfer to RM150,000 while expanding foreign exchange coverage to 20 currencies. The revision increases the initial RM100,000 daily threshold and broadens currency support beyond the original 12 options available at launch, enabling larger cross-border settlements via the M Journey application.

At launch in 2025, Global Easy Transfer supported only 12 foreign currencies alongside a RM100,000 daily transaction ceiling. The expanded 20-currency portfolio includes the US Dollar (USD), British Pound Sterling (GBP), Euro (EUR), and UAE Dirham (AED), alongside other major global currencies. Operational metrics show that 90% of transfers have finished within a single minute, with repeat users accounting for more than 90% of total transactions since 2025.

Global Easy Transfer is the only bank-backed international transfer solution powered by Wise in Malaysia.

How Does Wise Power Transfers in the M Journey App?

Wise delivers the underlying technical infrastructure for Global Easy Transfer directly inside the MBSB Bank M Journey application. The partnership allows customers to execute overseas remittances seamlessly, view competitive exchange rates, and track transactions in real time without routing funds through third-party digital wallets or navigating external financial platforms.

Transaction fees are billed strictly in RM, and the interface displays the full payable sum before the sender authorises the transaction. Capital is drawn directly from the customer's MBSB Bank CASA-i account, eliminating reload requirements. This architecture merges shariah-compliant domestic banking deposits with global settlement plumbing to improve speed, cost-efficiency, and remittance reliability.

All transfer fees are charged in RM and debited directly from existing CASA-i accounts without e-wallet top-ups.

What It Means for Malaysian Buyers

Malaysian retail and business banking customers gain a higher-limit remittance route that avoids traditional correspondent banking delays and markups. The expanded RM150,000 threshold accommodates substantial overseas payments directly from shariah-compliant CASA-i accounts, though access remains strictly limited to verified account holders of MBSB Bank rather than walk-in users.

For consumers and enterprises already banking with MBSB Bank, Global Easy Transfer pairs direct institutional debiting with sub-minute delivery speeds. However, prospective users without an existing CASA-i account cannot use the service immediately; they must first apply for an account through the official MBSB Bank website before accessing the M Journey app.

Prospective remitters must open an MBSB Bank account before accessing the expanded RM150,000 international transfer limits.

Common Questions

Common questions regarding MBSB Bank's Global Easy Transfer focus on daily transaction limits, currency availability, and account eligibility requirements. The service allows verified CASA-i accountholders to remit up to RM150,000 daily across 20 international currencies through the M Journey mobile app. Global Easy Transfer enables direct overseas remittances from MBSB Bank accounts without separate e-wallet registrations.

What is the maximum daily transfer limit for Global Easy Transfer?

MBSB Bank allows customers to transfer up to RM150,000 per day through Global Easy Transfer. This represents an increase from the initial RM100,000 daily limit established when the service first launched in 2025.

Which currencies can customers send through the M Journey app?

The platform supports 20 major currencies, up from 12 at launch. Supported options include the US Dollar (USD), British Pound Sterling (GBP), Euro (EUR), and UAE Dirham (AED), alongside several other major foreign currencies.

Do users need a separate Wise account or e-wallet to use the service?

No separate Wise account or e-wallet top-up is required. Funds are debited directly from an existing MBSB Bank CASA-i account, with all transaction fees displayed in Malaysian Ringgit before payment approval.

Sources and Methodology

This dispatch is based on official announcements and service documentation released by MBSB Bank on 10 November 2026. Data points regarding currency counts, transfer speed, and transaction thresholds were cross-referenced against official press release materials. All financial limits and fees reflect official Malaysian Ringgit values without foreign currency conversions.

• Primary source: MBSB Bank official press release and M Journey documentation, via Lowyat.NET.
• Verification date: 10 November 2026.
• Currency conversion notes: None. All transfer limits and transaction fees are natively denominated in Malaysian Ringgit (RM).