Who has cashed out PayPal funds with their debit card?

I went to CIMB to enquire for a debit card and the officer referred the matter to their HQ. Being a regular at CIMB, Komtar, the officer, En. Jalil is a very nice guy who often advise me on their products. I only do one thing in CIMB – that is to turn my online income to FD. Muahahar, I never spend a cent of my income. That’s the privilege of being a married woman. I only save. Spending money = husband’s money.

So, En. Jalil wasn’t sure what PayPal is and he promised to get the right officer to phone me. They did phone and told me that CIMB only issue Mastercard debit card and they only accept MYR. This means, CIMB is not the bank which you can cash out your PayPal through debit cards.

I have my VMI card and I refuse to use it because I don’t want to risk getting my funds frozen.

The other choice is to open another bank account like Public Bank or that Al something bank, (the Arab bank?) which issues debit cards.

My question – Has anyone cashed out your PayPal with a local Malaysian bank?

If yes – How much is the charges? What is the exchange rate?


I know a few people have used their credit cards to transfer their PayPal funds. One of them is HSBC credit card. I tried with UOB credit card but it doesn’t accept PayPal fund. My friend reminded me NOT to transfer the PayPal into your credit card if you are thinking of withdrawing the money because they credit card will charge you an exhorbitant fee of 5%.

So, someone please tell me the charges imposed for transferring your PayPal funds to local banks debit cards. I am not sure if I am going to go Pubic bank to open an account there. I do not like Pubic bank. LOL. As for the Al something bank, we have very few branches so it is not convenient as well.

Post Author: lilian

13 thoughts on “Who has cashed out PayPal funds with their debit card?


    (October 7, 2007 - 2:45 pm)

    getting a debit card at pubic doesn’t require opening an account. they will encourage you to open an account there to ease reloading of funds…

    but since we have paypal then the account would be redundant.

    oh, and the public bank debit card uses visa electron. meaning it cannot be used at maybank. it can be used on an ambank atm.

    getting a card will take two weeks but if u pull some strings… ahem


    (October 7, 2007 - 5:21 pm)

    Aunty Lilian!! I see money in my Visa Electron. but it is Public Bank ;) Cash withdrawal at their ATM is FOC. Check the URL above. I wrote about it.


    (October 7, 2007 - 5:24 pm)

    The “Arab bank” you mention is Al-Rajhi Bank.

    – MENJ


    (October 7, 2007 - 6:44 pm)

    Paypal only accept VISA Brand Debit Card, I think that is the reason why ambank mastercard debit card doesn’t work too. I read that from paypal new features email. Wonder why it’s different from what we see at paypal account.


    (October 7, 2007 - 7:22 pm)

    ni salah sorang yg telah success kuarkan paypal ke Public Bank Debit card .. ambik masa dalam 5 hari



    (October 7, 2007 - 7:23 pm)

    i used hsbc credit card, just tried once to see if i really can get de money. i tried usd50, and i got 166.48.. a little too low.. dunno the rate or what? but i used it to pay my cc la.


    (October 7, 2007 - 9:52 pm)

    Thanks for all the feedbacks.

    A few things I learnt, thanks to Fazli’s link.

    1) Don’t get a debit card fresh out of the bank and start withdrawing. PayPal may freeze your account. Use it for small purchase etc to avoid them noticing.

    2) You get about 3.36 in exchange rate. Plus minus the USD5 fee.


    (October 8, 2007 - 12:19 am)


    (October 8, 2007 - 12:49 am)

    As Kenny has pointed out, VISA determines the rate, but you also have to check the issuing bank’s policy in case they deduct anything else off the transaction. I think my post should be quite clear on the other stuff.

    As for VISA debit card, I found a VISA article on The Edge saying that there are three banks that issue VISA debit cards — BSN (which obviously is useless with PP), Public Bank, and Standard Chartered. I’m looking into either PB or SC, although I’m chancing SC would be a better choice due to its global connection.


    (October 8, 2007 - 12:50 am)


    (October 9, 2007 - 2:25 pm)

    Put the money in FD? OMG, you are bold, madam. There is no privacy protection on Malaysia bank account holder, because IRD can always request these information from BNM, using any “legal” mean, e.g. money laundering.


    (October 9, 2007 - 3:08 pm)

    moo_t – Don’t make stupid comments, can? How do you expect me to escape with the online income I made? And don’t make further stupid comments like money laundering thing because my husband is an accountant by profession and I know what to do with my income. Stop freaking treat the IRD like the grim reaper. We pay tax when we earn an income. Period.

    Lorna – Thanks for the input. :)

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