Bank Acceptance

Bank Acceptance is a financing instrument provided by banks that allows businesses to purchase goods first and repay the bank after 60 to 120 days, easing cash flow pressure.
CIEF can assist customers in utilizing their Bank Trade Facility (BA / Invoice Financing) credit lines to procure goods from China, simplifying the purchasing process.
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Service Comparison

METHOD 1

PERSONAL TRANSFERS
  • 2% handling fee (minimum MYR 10)
  • Minimum amount CNY 1
  • 3 to 5 working days
  • Personal account to personal account transfers
  • Cross-border
  • Overseas tax refund

METHOD 2

ENTERPRISE TRANSFERS
  • 2% handling fee (minimum MYR 15)
  • Minimum amount CNY 1,000
  • 7 to 10 working days
  • Enterprise account to enterprise account transfers
  • Cross-border
  • Overseas tax refund

METHOD 3

1688 PAYMENTS
  • 2% handling fee (minimum MYR 1)
  • Minimum amount CNY 1
  • Within 48 hours
  • Official Alipay account
  • Cross-border
  • Overseas tax refund
SELECTED

METHOD 4

BANK ACCEPTANCE
  • 2% handling fee (minimum MYR 200)
  • Minimum amount MYR 10,000
  • 3 to 5 working days (Subject to bank approval)
  • Multiple payment methods supported

METHOD 5

USD TRANSFERS
  • 2% handling fee (minimum MYR 10)
  • Minimum amount USD 2,000
  • 3 to 5 working days
  • Transfer to USD account
  • Cross-border
  • Overseas tax refund

Getting Malaysia Local Invoices

Our provided documents are legally accepted and recognized by Malaysian auditors.

Enhance Cashflow Management

Enhance your company cashflow management

Easy to Use

Place orders 24/7, track order progress at any time, and view the latest real-time exchange rates directly within the system.

How to Get Started?

Tutorial

Service Price List

sample RMB rate

  • Higher conversion rate
  • Minimum HANDLING FEE MYR 200
  • Minimum transaction amount starts from MYR 10,000 per order
  • Multiple payment methods to your supplier is supported
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Terms and Conditions

  1. The handling fee is 2% and the minimum charge is MYR 200.

  2. The minimum transaction amount is MYR 10,000.

  3. The rate subject to the rate on the day of bank disbursement.

  4. Each transaction will be processed according to the SLA of different services, and the specific payment processing speed depends on the actual operation of the company.

  5. Customers need to log in to the system to download the Transaction Proven by themselves without prior notice.

  6. If your supplier has not received payment after the transfer date, please contact us within 14 business days from the payment date; otherwise, the dispute request may no longer be traceable.

  7. All transactions require MYR payment before funds transfer can be made.

FAQ

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Bank Acceptance is a financing instrument provided by banks that allows businesses to purchase goods first and repay the bank after 60 to 120 days, easing cash flow pressure.

No. You will need to consult your banker to apply for Bank Trade Facilities with your bank.

The bank only needs the supplier’s company name and SSM registration number. CIEF’s full name and SSM number are as follows:
CIEF WORLDWIDE SDN. BHD. (1134596-M)

First, ensure your bank has approved a Bank Acceptance (BA) facility. We only assist you in utilizing this facility for procurement—the credit line is provided by your bank, and our company does not issue any loans.

Once payment is made, your supplier will begin preparing your order for delivery.CIEF do offers a variety of shipping solutions, including LCL Direct, LCL Consolidation, LCL with Tax Refund, Air Freight, Full Container Load (FCL), and more. To learn more about our shipping services, feel free to contact our customer service team by clicking here.