Cash
- over the counter
- via your credit card issuer's cash deposit machine



Cheque
- **over the counter
- via your credit card issuer's cheque deposit machine
- ##mail your cheque to the bank

**Some banks such as Public Bank no longer accept cheque over the counter
##You have to pay for the stamp yourself



^/``MEPS Interbank Funds Transfers (Online)
You must have an online banking account linked to either your savings or current account. Please refer to the thread here for the applicable charges.

^You are allowed to transfer only RM5,000/day* from your account through MEPS Interbank Funds Transfers executed online. However, you can increase this limit from the defaulted RM5,000/day to RM40,000 if you bank with HSBC and HSBC is the only bank that offers such high limit in Malaysia..

*The daily maximum IBG limit for both AmBank and UOB Bank is RM10,000.


***/``MEPS Interbank Funds Transfers (ATM)
ATM MEPS Interbank Funds Transfers offers a very limited choice of banks which you can transfer your money to. Please refer to your bank for the detailed list of banks available for Interbank Funds Transfers via ATM.

***Besides the limited choice of banks available which you can transfer your money to via ATM MEPS Interbank Funds Transfers, many banks do not even offer MEPS Interbank Funds Transfers service via their ATM. HSBC for one, doesn't offer this service via their ATM.


MEPS Interbank Funds Transfers (Over the Counter)
There is no limit on how much your can transfer your money out through MEPS Interbank Funds Transfers over the counter. However, your bank may impose a maximum limit per transaction. Standard Chartered for instance, imposes a maximum limit of RM9,999/transfer at only RM0.50/transfer. Let say you want to transfer RM12,000 to Maybank, you will have to do it twice. Basically it means you have to pay RM1. Please refer to your bank on the terms and conditions for MEPS Interbank Funds Transfers initiated over the counter.


``MEPS Interbank Funds Transfers (Phone Banking)
Not all banks offer MEPS Interbank Funds Transfer via Phone Banking. As far as i know, Standard Chartered is the only bank offering such service for the time being. Therefore, please refer to your bank if they offer Interbank GIRO service via Phone Banking.

``Do take note that your account comes with a daily cap of RM5,000/day for MEPS Interbank Funds Transfers initiated online, via ATM or Phone Banking. However, you can increase this limit from the defaulted RM5,000/day to RM40,000 if you bank with HSBC and HSBC is the only bank that offers such high limit in Malaysia.

This post has been edited by MilesAndMore: Mar 25 2011, 10:16 PM

Thank you MileAndMore

I a bit old fashion, pay by cheque for all my credit card bills by dropping into cheque deposit box or cheque deposit machine.

Associated costs via payment method:

Cash at CDM - no cost except for time and petrol to bank.
Cheque drop - cost of cheque itself (tax) and time & petrol to bank.
By post - cost of cheque, stamp and time & petrol to post office.

Question: which bank and what type of account is best (minimal or no cost) to use for

1) MEPS online;
2) MEPS ATM.

Sorry if noob question, never transferred fund online or via ATM before. For my case, can I use my RHB Premier Debit Card at ATM to transfer fund to my CC accounts with MEPS and will there be any cost? Below taken from RHB website.

Free transactions at RHB and all other local bank ATMs that carries the MEPS logo

From your Interbank Funds Transfer thread, only HSBC Premier & Advance and OCBC IQ Elite have no fees associated with online payments for CC bills right?

To All: is there any other ways to make payment online for CC bills? e.g. using another online CC account to make payment fo another CC account from a different issuer.

This post has been edited by Gen-X: Mar 23 2011, 08:25 AM

Most of the basic savings account (from any banks) will give first 2 IBG at RM0.50 per month
as for the question, afaik - cannot, else I would have been doing that for a long time

well, somebody may know something we don't, like in CC Recommendation thread, someone mentioned he get 5% for all transactions with CC but didn't not share what card is that

he's talking about this, but Qatar

i still prefer the 'old school' way.

for my amex, since i have maybank2u & salary also bank-in into maybank, just pay online. - the most convenient & no extra charge

for public bank, since i have hire purchase with them as well, every month go to cash deposit machine. - incur a bit petrol, but i normally go at night, less crowd & near my home

for ocbc, also go to CDM since on the way back from work got pass by ocbc bank. - can be considered no additional charges

have been contemplating to use IBG using maybank2u, but if 3 payments every month; that's already rm6 each month.

got cheque book from maybank & eon, but been collecting dust at home.

does it applies to maybank? so if u use maybank2u to pay 3 cc, that means only rm3 charge?

YES, but u'll need to open the basic savings account or BSA-i first
then it RM0.50 x 2 + RM2

alternatively, u can open TWO BSA

HSBC Premier account definitely The best part is that you can increase you daily IBG limit from RM5k to RM40k. Just transfer the money out before 11.30am on a business day and the money will be credited to your credit card on the next day.


I believe you can, since it mentions free transactions which may suggests that it is not limited to free cash withdrawals only.

By the way, IBG done through ATM will be charged RM1 regardless of account type.


Not just payments for credit card bills but for all sorts of interbank funds transfers.


No

thank you. The card is indeed good, too bad no way I can get it.

So for my Premier Debit Card I still get charged a Ringgit if I make payment via ATM to my other issuer CC account?

Well, it says free transactions at all RHB and all other local banks. So i guess it is going to be free too. May be you can try it tonight ? May be at a AmBank ATM using your RHB Bank Premier Banking VISA debit card ?

By the way, interbank funds transfers done through ATM effect immediately. Basically, it means you will get the money right away.

This post has been edited by MilesAndMore: Mar 23 2011, 04:52 PM

Bro, I so blur lah. But you are right, must go try it out myself. The only thing is my Premier Debit Card account not linked to my RHB online for kiasu reason, so I won't know if they charge me any fees or not until middle of next month. So hope you can bear with me, question in order to enjoy free transaction at ATM with my RHB Debit Card to pay my other credit cards' account:

1) Can I go to a RHB ATM and make payment to my MBB CC account?
2) Or must I go to MBB ATM and use my RHB Debit card to make payment to the MBB Account?

If my memory serves me correctly, you can check your transaction history through RHB Bank ATM. It's been a while since i last had a RHB Bank savings account but i'm pretty sure their ATM do have such feature. I think you can even print it out at no extra cost (unlike bloody CIMB Bank which is charging us RM0.50).


It will work both ways. You can even use your RHB Bank ATM Card to transfer money to a Maybank account via another bank's ATM such as AmBank ATM. AmBank was promoting this heavily last year which is why i suggest you to try at AmBank ATM

By the way, i just found out from my own AmBank online banking portal that the daily IBG limit for AmBank savings/current account holders is RM10,000 and not RM5,000.

Yah lah, I really dumb Check balance before I transact and after.
Thanks for the replies

This post has been edited by Gen-X: Mar 23 2011, 05:56 PM

Oh yeah, this will do too. I mean to check your balance before and after. What i suggested earlier is to print out your account transaction history through RHB Bank ATM after you've performed the IBG through another bank's ATM. It should list out your last 6 - 8 transactions in your account.

Hi Miles, appreciate your effort as usual, thanks!

Just to add to the collection of information, maximum daily transaction amount in respect of normal (cf premier) personal (cf commercial) accounts for both UOB and AmBank is RM10,000.00. Do consider including the above links.

This post has been edited by wshoh: Mar 25 2011, 05:24 PM

I've added the info to the first post

To pay MBB2 cards using Cimbclicks, have to do 2 IBG transfer (for each card)? tq

This post has been edited by Human Nature: Mar 26 2011, 01:02 PM

Yes

Just some tips on Cash Deposit Machine:

When you insert cash in the machine and it keep rejecting the notes that you replaces ( normaly happen to new notes ) please dont keep inserting the cash because these CDM machines have timing, if a transaction cant be fulfiled within certain amount of times, by defaults it will force accept your cash and the cash you failed to bank in will go the rejected notes bin.

The next thing you see is that the CDM will come out this message " OUT OF SERVICE ". The person queing behind you will start cursing you. Why i say this is that customer have complaint why the CDM do this and that, scolding us with all the #&^&*# and when we go and check the journal report we can see this customer was trying to insert the notes for more than 5 times which the machines unable to recognise it and it will kick start this step by force the cash into the reject bin.

However different banks setup their machines differently it depends on how sensitive they set it. From what i experience HSBC & MBB had it.

What an important reminder!
Thanks!

So the vendor got explain why "CDM can't recognize notes freshly withdrawn from the ATM beside" ?