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" ?

yea, stupid machines

Latest Update, RHB CDM machine:

Tried to bank in $$$ in my saving a/c for SI to pay my housing loans, guess what happen? I insert 7 pcs of notes and 6 pcs been capture and 1 pc return. BUT the return note was CUT INTO HALF BY THE STUPID MACHINE. HELLO!! how on earth they maintain the machines one? zzzz...

I have call them to COMPLAINT immediately and now pending for their reply. WTF lah,this is irritating.

It in RHB Head Office in Jln Tun Razak there.

wow cut into half...reminds me of the poor thai girl that was sliced by the porsche..

old style, pay all bills over the counter

For card issuers which I maintain SACA with, I use its SACA to settle.
For card issuers which I don't maintain SACA with, I choose IBG via Basic Savings Account, or cheque deposit (if I happen to pass by its branch).

What is SACA?

savings account current accounts

This post has been edited by alexwsk: Apr 13 2011, 12:07 PM

ok. understood. thanks

CASA is the term used actually

actually current and saving account, got any difference?

i pay off using online interbank fund transfer.. what i think it is more cost effective than go bank to pay off toll fee, petrol add up is more than RM1 / RM2 bank service charge (if bank neaby nvm la.. but CC company is far from my place and need to passby toll )

like that u r using IBG Giro, RM0.50 charges

Current Account also known as Checking Account/Chequing Account. This kind of account comes with cheque book facility whereas Savings Account doesn't.

oo. ok ok.
So current account can have cheque book while saving account can have ATM card

Both accounts can have ATM card unless specified otherwise. Just that Current Account comes with an extra feature which is the cheque book facility.

okok, understood, thanks

no leh... Hong Leong Bank charge me RM1 each transaction for my citibank CC payment >.< but i know if transfer from Eon Bank to another bank is RM0.50

---

Added on April 13, 2011, 5:00 pmfor the saving and current account >.< my saving and current account share one debit master card and my current account can opt for not having cheque current account can have Overdraft (OD) but with interest charge, for saving no OD services.

This post has been edited by joey85: Apr 13 2011, 05:00 PM

OD here is writing cheque which over ur account balance?

overdraft is using more than the $$ u deposited inside the current account (eg. u have RM500 in ur current, u need to pay ppl RM800, u can get OD from the bank of RM300 and repay back with interest charges), it need to apply if not mistaken (p/s other sifu correct me if wrong coz i never use OD just know got this feature )

added one more thing normally current account has no interest but saving does. however there are some special current account offer interest too eg. Alliance Bank Hybrid Account (a current account with interest paid on ur balance monthly)

This post has been edited by joey85: Apr 13 2011, 05:48 PM

oo. okok. thanks
My father got using Public bank cheque book, if monthly current account deposited less than RM5k, they will deduct RM5 for that month
Last time my father din aware of this, so the public bank every month suck RM5 from my father account

I'm using DirectAccess Premier Plus Current Account which I don't have to maintain minimum balance.
P/s:DirectAccess is a division of CIMB. Premier Plus Account is strictly for DirectAccess cardmembers only.

Oo, i need direct access credit card only eligible to open DA Premier Plus current account. Thank for sharing

Yes banks are like that haha... but different bank has different T&C, some bank will only charge if the account balance less than RM3k

This post has been edited by joey85: Apr 14 2011, 10:47 AM

Ya, Bank never do loss money business

Sorry I have to ask this really noob question. How much is the stamp charge to put on the envelop if want to pay the CC with a cheque and posting to them?

What's the cheapest way to pay these credit cards? I have a Savings/Current account at the same bank that issues all these 3 credit cards. My salary is bank-in to CIMB. My working area has CIMB and Maybank branches.


CIMB: ATM withdrawal, and pay cash
Maybank: ATM withdrawal from CIMB, pay cash at MBB
Standard Chartered: Write a cheque from CIMB and post to StanChart. There's a post office within walking distance from my office.

Another question. If I choose to receive cc statements electronically, then these banks will not send the statements to me. That means if I want to pay cheque, I will have to use my own envelop?

pay cheque can just drop/insert in machine

I don't want to drive all the way to SCB branch to drop the cheque. Too much petrol used.

Why dun u use IBG instead.

ya, RM0.50 or RM1

IBG from CIMB account is RM2 right?

see from which bank to which bank.
IBG take 3 days, while as i know, RM2 is transfer the money immediately

Open a Basic Savings Account then you are entitled to TWO Interbank Transfer with service charge RM0.50 per trxn. Quite useful actually.
Many people are not aware of this product, keep on feeding banks with RM8 ATM fee.

but MBB basic saving no have RM8 fees

I think most if not all Basic SA/CA does not impose ATM Annual Fee.
When ppl ask me what account to open, I will advise them to open BSA. (provided he doesn't withdraw money more than 8 times a month)

4 times only for MBB

See this.

ya, i know, but duno why, in actual, only 4 times

If there is any abnormality, immediately raise ABNORMALITY REPORT and submit to the head of department

they follow this

so there is contradiction already , hehehe.
Can highlight this matter to MBB and let them headache.

but from many years till now, is only 4 times

Maybank GIRO transfer to another bank (ie SCB) is charged RM0.50?

Kindly refer to this thread > Interbank Funds Transfer (IBG)


Not entirely true. It depends on what time and which day you made the transfer out. If you transfer the money out before the bank's cut-off time (varies by banks ... it's either 11am, 11.30am or 12pm on a banking day), the money will be transferred out on the same day and depends on which bank is the receiver bank, the money may be made available by evening on the same day**. CIMB Bank usually will credit the money into your account on the same day by 4pm while AmBank after 6pm.

**this is different from the instant interbank funds transfer offered by CIMB Bank, EON Bank and Hong Leong Bank


Maybank Basic Savings Account comes with the option to pay RM8 ATM/debit card annual fee for unlimited ATM cash withdrawals or pay no annual fee but with only 8 free ATM cash withdrawals every month.


This is because your current Maybank savings account is not a basic savings account. And you will be charged RM2 for every IBG done.


This rule doesn't apply to Maybank Basic Savings/Current Account.

Thanks. Looks like I got to open a new BASIC savings account.

My not wadiah/islamic, just basic saving

No. Your Maybank savings account is not a basic savings account. Instead, it is a regular savings account hence the 4 free ATM cash withdrawals rule.

Normally after open saving account, when they will charge the RM8 annual fees?

No. They won't unless you're on the annual fee option with unlimited free ATM cash withdrawals.

This post has been edited by MilesAndMore: May 2 2011, 09:10 PM

ok ok. Thanks

If one person want to change from limited withdraw to unlimited withdraw account, it is possible??

This post has been edited by beyond86: May 2 2011, 09:50 PM

Yes. It is possible but i am not too sure about basic savings account though.

i think if the staff want to help us to do, shouldn't be a problems, Everthing is depend they want or not.

Not for the case of basic savings/current account. It has something to do with the product code and it is not as simple as changing from annual fee free option to annual fee option like all other Maybank savings/current account products. But then, i previously said i am not too sure about this as i do not know if the product code works for Maybank savings/current account products. I know for sure that it is not possible with RHB Bank and CIMB Bank basic savings/current account.

This post has been edited by MilesAndMore: May 3 2011, 07:57 PM

ok ok, thanks

Hello, I just read through the thread and want to confirm something.

I have a CIMB account (main account) but have MBB2 CC (no savings accounts with MBB). I want to pay off my CC bills through CIMBClicks.

1. I login CIMBClicks > IBG
2. Select Maybank
3. Payment Type: Credit Card
4. Beneficiary Account: 16-digit (Master Card) OR 15-digit (AMEX)
5. Beneficiary Name: Full account holder name (not name on card, rite?)

Are the above steps correct? I haven't used IBG before to pay CC bills, and I dowan to make mistakes since it involves money :S

If the steps are correct means that I have to pay 2x Transaction fees (RM0.50 / 1.00 depending on # of earlier transfers)?

Should be :

1. Login to CIMBClicks
2. Click Transfers
3. Click Transfer Funds
4. Under To Other Bank, Click Interbank GIRO
5. Select the beneficiary bank
6. Fill in all required fields

Yup, Miles...that's what I meant. Just condensed the steps you mentioned into my post earlier. I just need absolute confirmation on steps 3, 4, and 5 though.



Thanks in advance for any replies!

Hi guy,

What does SCB's flexi pay working ?
Anyone please enlighten?

Asking those with actual experience with CIMB Cash Deposit Machines.

1. Can we pay multiple CIMB CC accounts by specifying the specific amount with one single CASH deposit ?

Read here : http://www.standardchartered.com.my/person...tions-apply/en/

From my past experiences, no.

Not possible for single cash deposit for multiple credit card accounts payment. But it works for cheque payment. Just tried last night!

Some bank machine is really whacko! Reject a few time then is able to accept. But I must say that Citibank Cash Deposit machine (in Penang) is the best. I have no problem whasoever using them.

---

Added on June 3, 2011, 10:04 amAnother tip is try to minimize the number of credit card you carry. I once have 7 (including my wife) and keeping track and paying them is a major headache. Always forget and pay late and got penalized.

Since then, I cut down the number to 3 at most. Also keep in handy the information below in ta small note book that you can carry around:
1. Credit card number
2. Due date
3. Amount to pay for that month

Then, I just pick a date that suits the due date of all account and make a trips to town to visit all the cash deposit machine.

What I am looking for now is to be able to settle with just ONE card, and open an online saving/current account with them so to perform the transaction online for FREE.

But I think this is difficult as the rewards is going to get more attractive'r' from bank to bank...

This post has been edited by codename_snake: Jun 3 2011, 10:04 AM

I opened a OCBC iQ Basic account (maintain RM500 in account to avoid service charge) which offers five(5) FREE Interbank Giro (IBG) to pay other banks CC bills.
Very useful indeed.

That is nice.
I got charged RM1.00 each when I used CimbClicks to transfer to settle my SCB and OCBC bills (I-REMMIT CHARGE).
As I know, the first 2 transactions of the months are only 50 cents. Anyone can clarify?

50 cents only valid for first 2 transactions of the month for basic savings account

I just made payment to 8 credit card accounts in one single cheque recently.
Behind cheque was full of numbers

I assume you are helping family members or friends to make payment?

But is all the card due dates the same?

Or you have 8 different cards from the same issuer???

This post has been edited by tanch78: Jun 14 2011, 02:09 AM

All are BT accounts under DirectAccess.
Ya, same due date.

Did you deposit via Cheque Deposit Machine (with cheque scanning) ?
I wonder what's the limit of CC/BT accounts the machine can handle.

Oh I didn't want to key in the card numbers one by one.
I straight away drop the cheque at the dropbox. No need envelope.

Hi there, I haven't make any payment via cash deposit machine.
Let say my payment bill is RM100.85, how do I pay this bill over cash deposit machine? pay RM101 instead? Is that okay to pay more? Thanks for reply.

Minimum thru Cash Deposit Machine is RM110 as they accept RM100, RM50, RM10 notes only.

Oh yeah, CD machine don't accept RM1 note. Thanks ronnie.