Correction to your statement, if you have a Basic Saving Account at any commercial banks in Malaysia, you'll be enjoying first 2 IBG in a month will be charged RM0.50. RM2.00 will be charged from the 3rd IBG done in a month onwards.

This is regulated by BNM.

I am using CIMB Savings Account and I never gotten charged @ RM0.50 before for my IBG transfers o.O?

Is this a new regulation?

Hrm, really? but why my account still charge at rm2 for the 1st transaction of every mth?

Opps. I think the RM9999 (RM10000) capped per IBG transfer belongs to HSBC or other bank. Can't remember where i saw the capped amount already. Standard Chartered's one is indeed RM5000 but you can actually increase the amount by calling them.

a lot of bank at least i know for RHB , their own staff dont even know about Basic account 1st 2 Giro transaction for basic account is only $0.50.

From the staff who served me previously, she said the system still charge RM2. after i asked to double check. ha.. come out the result. That's 50 cents. then asked to refund me for the extra.

Hello, want to ask some info from you guys.

What is the cheapest way/bank to send SGD from Malaysia to Singapore (Standard Charted)? I have always used TT via CIMB, which is very expensive cost me RM 10 + SGD 20 for the transaction (Charged by CIMB (Singapore). Any banks which offer better/cheaper rate?

Thanks!

Most probably via UOB or OCBC.

wow, nvr hear abt rentas n today 1st time came across it.

Let me share my experience abt GIRO.

GIRO allows all local based interbank fund transfer via ATM or internet banking.

Usually you transfer in the morning or before afternoon from bank A to bank B and bank B shall able to receive it after 11pm on the same day.
Different bank different charges for this service. Overall applies a charge of Rm2 per transaction. CIMB cost RM0.50 for the 1st 5 transactions
PBB to other banks
Same day clearance - Transfer before 12noon
Receive before - it subjects to the recipient bank's policy. Some bank like MBB would able to receive it after 2pm. HSBC, RHB, CIMB and other would be after 9pm-11pm
Limit: U may transfer up to 3k daily or uplift yr limit to maximum 5k daily

MBB to other banks
Same day clearance - Transfer before 12noon
Receive before - it subjects to the recipient bank's policy. Some bank like MBB would able to receive it after 2pm. HSBC, RHB, CIMB and other would be after 9pm-11pm
Limit: U may transfer up to 3k daily or uplift yr limit to maximum 5k daily

CIMB to other bank
Same day clearance - Transfer before 12noon
Receive before - it subjects to the recipient bank's policy. Some bank like MBB would able to receive it after 2pm. HSBC, RHB, CIMB and other would be after 9pm-11pm
Limit: not sure
SCBB to other banks
Same day clearance - Transfer before 12noon
Receive before - it subjects to the recipient bank's policy. Some bank like MBB would able to receive it after 2pm. HSBC, RHB, CIMB and other would be after 9pm-11pm
Limit: Only 3k daily (and the limit even included your same bank account transfer limit) 

HSBC
Same day clearance - Transfer before 11am
Receive before - it subjects to the recipient bank's policy. Some bank like MBB would able to receive it after 2pm. HSBC, RHB, CIMB and other would be after 9pm-11pm
Limit: Yippie... You can request to uplift your limit up to 60k if im not wrong

ATM and Internet Banking allowed us to transfer up to MYR5K per transaction per day. And that's the limit through self-service.

While you done your transaction via OTC, there's is not limited. The only limit is depends how much credits in your account. Last year I did transferred OTC about MYR50K via GIRO from Bank A to Bank B. They only charged me RM2.00 and takes 3 days for clearance.

Personally i like the "Jalan Kaki" way. Most major banks have branches close to each other in major locations. Just walk into one, withdraw from atm, and use the cash deposit machine in the other one. Instant and free.

Not entirely true. I just check my HSBC online again and it shows that i can transfer a maximum of RM10,000 per day to another account in other bank (MEPS IBG).
But if i'm not mistaken, i think some banks do impose a limit on each MEPS IBG transfer. There is no limit on how much you can transfer in a day over the counter but i think there is indeed a limit on how much each transaction can be, say RM10000/IBG. I think i saw this somewhere a few weeks ago. Which bank did you transfer your RM50k using MEPS IBG to another bank and being charged only RM2 ?

Maybank GIRO

How much are they charging?

Not entirely true. I just check my HSBC online again and it shows that i can transfer a maximum of RM10,000 per day to another account in other bank (MEPS IBG).
But if i'm not mistaken, i think some banks do impose a limit on each MEPS IBG transfer. There is no limit on how much you can transfer in a day over the counter but i think there is indeed a limit on how much each transaction can be, say RM10000/IBG. I think i saw this somewhere a few weeks ago. Which bank did you transfer your RM50k using MEPS IBG to another bank and being charged only RM2 ?

I only agreed your partly statement. You can transfer your fund to other bank via GIRO service through several channels. We can transfer our fund to others bank in Malaysia via 3 methods. ATM, Internet Banking, and OTC(over the counter). ATM and Internet Banking allowed us to transfer up to MYR5K per transaction per day. And that's the limit through self-service. While you done your transaction via OTC, there's is not limited. The only limit is depends how much credits in your account. Last year I did transferred OTC about MYR50K via GIRO from Bank A to Bank B. They only charged me RM2.00 and takes 3 days for clearance.

ya you are rite... but hsbc can uplift your limit up to 60k if im not wrong as i did it before. instant approval

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Added on May 2, 2009, 5:01 pm

otc is what you did over the counter and that was referring to internet banking transfer 

Look properly on title writen. INTERBANK TRANSFER. NOT INTERNET BANKING TRANSFER. You can use any channel as you like as long as you can transfer your fund from BANK A TO BANK B.

Ops sorry, but otc does have the risk as you now the current society now

How did you check? call the bank branch and ask?
Mine is basic saving account too.. still charging RM2 for first 2 times