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

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

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

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.

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.

I've added the info to the first post

Yes

CASA is the term used actually

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

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

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.

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.

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

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

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

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

From my past experiences, no.

The correct charges should be from free to RM2, depends on which bank you are transferring the money out from and your account type.

https://forum.lowyat.net/topic/1985221

By the way, posting in one thread about the same matter is more than suffice

Can. For the transfer fee, you can refer to the IBG thread. It's either RM0.50 or RM2.