Suria Muhabat Sdn Bhd or fondly known as SMSB is a licensed Money Service Business by Bank Negara Malaysia and was established in accordance with Malaysia Registrar of Company with company registration number 524549-D. As a Remittance and Money Changing company, SMSB is subject to Bank Negara Malaysia regulation.
SMSB transacts money transfer services and perform money exchange in most of the major currencies.
For Money Changing services, you are required to present yourself at any SMSB branches with the banknotes and fill in the necessary form to exchange money to the desired currency/ies.
For money transfer, there are 3 options for you to register:
For Online Portal and Mobile App, once registration is completed, you are required to visit any of our branches for the first time in order to perform face-to-face verification.
In line with Bank Negara Malaysia guidelines, we are required to conduct the “Know Your Client” (KYC) procedure before allowing our customers to begin transacting on our website or mobile app. Hence, we must meet with you in person and required to verify your ID document as part of the KYC procedure.
When you exchange currency at SMSB, there are no fees to be paid for the services. Nevertheless, for Remittance services, regardless of the amount to be remitted, we do levy a fixed service charge depending on the corridor.
On an average, most of the SMSB branches operate from 10am to 8pm. However, there are branches which operates beyond 8pm. Please proceed to check on the individual branch operating hours from Branches tab on the website.
SMSB is a class A licence holder awarded by Bank Negara Malaysia. In view of that we are fully committed and devoted to upholding the highest standards of fund management, remittance, and money exchange.
Filling up the remittance application form or completing the details in the online portal or mobile app is a prerequisite when performing money transfer to overseas. This is in compliance to Bank Negara Malaysia AML/CFT/TFS regulations.
For money exchange transactions below MYR3,000, you don’t need to fill any form. However, for transactions of MYR3,000 and above, you need to fill in a declaration form, as stipulated by Bank Negara Malaysia.
Upon receiving the funds, your details, and your beneficiary’s details, SMSB will execute your remittance instruction promptly. Do ensure to furnish the complete information for the process to be executed without any delay.
Yes, your data is protected under PDPA ACT 2010 which among others prohibits the information to be disseminated to third party.
We have 11 branches nationwide. Please proceed to Branches tab in the website for location information
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