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> Interbank Giro(IBG) & Interbank Fund Tranfer(IBFT)

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TSMilesAndMore
post Oct 23 2010, 01:00 AM, updated 3 months ago

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- Interbank Fund Transfer > normal IBG (online)
- Interbank Fund Transfer > instant IBFT [participating banks only] (online)
- Interbank Fund Transfer > normal IBG (Automated Teller Machine - ATM)
- Interbank Fund Transfer > instant IBFT (Automated Teller Machine - ATM)

QUOTE
Interbank Fund Transfer (normal IBG - ONLINE)
Interbank Fund Transfer (normal IBG - Automated Teller Machine - ATM)
The fee is charged at a flat rate of RM0.11 only for every transfer
QUOTE
Interbank Fund Transfer (IBFT Instant Fund Transfer - ONLINE)
The fee is charged at a flat rate of RM0.53 stating 1st June 2015 only for every transfer and money is credited into the receiving bank account instantly.

The participating banks are :
    * CIMB Bank
    * Hong Leong Bank
    * Maybank   
    * Public Bank     
    * RHB Bank   
    * Standard Chartered Bank    ##free until further notice
QUOTE
Interbank Fund Transfer (IBFT)(Automated Teller Machine - ATM)
The fee is charged at a flat rate of RM0.53 stating 1st June 2015 only for every transfer and money is credited into the receiving bank account instantly.

The participating banks are :
    * Agrobank
    * Alliance Bank
    * AmBank
    * Bank Rakyat
    * Bank Simpanan Nasional
    * CIMB Bank   
    * Hong Leong Bank
    * HSBC
    * Maybank
    * Public Bank 
    * RHB Bank



QUOTE
**Fees and Charges for local IBG prior to 2nd May 2013

Interbank Fund Transfer (online)

QUOTE
MAYBANK / MAYBANK ISLAMIC

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- All other account types > RM2/transfer


QUOTE
CIMB BANK / CIMB ISLAMIC

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM1/transfer thereafter

- All other account types > RM1/transfer

**for transfers done through instant transfer, RM2 will be charged for each transfer regardless of your account type


QUOTE
PUBLIC BANK / PUBLIC ISLAMIC BANK

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- All other account types > RM2/transfer


QUOTE
RHB BANK / RHB ISLAMIC BANK

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- All other account types > RM1.50/transfer via online, RM2/transfer if it is done over the counter


QUOTE
AMBANK / AMISLAMIC BANK

-- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- AmStar Extreme > 5 free online funds transfers, RM2/transfer thereafter

- All other account types > RM2/transfer


QUOTE
HONG LEONG BANK / HONG LEONG ISLAMIC BANK

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM1/transfer thereafter

- All other account types > RM1/transfer (**both normal MEPS IBG or Pay+)


QUOTE
EON BANK / EONCAP ISLAMIC BANK

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- All other account types > RM2/transfer

**for funds transfers using "transfer now" through EON Bank online, you'll be charged RM2/transfer


QUOTE
AFFIN BANK / AFFIN ISLAMIC BANK

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- All other account types > RM2/transfer


QUOTE
ALLIANCE BANK / ALLIANCE ISLAMIC BANK

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM1/transfer thereafter

- All other account types > RM1/transfer


QUOTE
HSBC / HSBC AMANAH

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- Premier > unlimited fee-free online funds transfers

- Advance > unlimited fee-free online funds transfers

- All other account types > RM2/transfer


QUOTE
OCBC / OCBC AL-AMIN

- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter

- iQ Basic > 5 free funds transfers every month, RM2/transfer thereafter

- iQ Elite > unlimited fee-free online funds transfers

- All other account types > RM2/transfer


QUOTE
STANDARD CHARTERED / STANDARD CHARTERED SAADIQ

- JustOne Current Account > unlimited fee-free online and ATM funds transfers provided you make a deposit of at least RM1,500 in a single transaction into your JustOne Current Account once a month. You also need to have an average balance of no less than RM1,000 between Jan-Jun & Jul-Dec or you'll be hit with RM10 account maintenance fee which will be automatically deducted from your account every half year.

- All account types > RM0.50/transfer


QUOTE
UOB BANK

- Basic Savings Account & Basic Current Account > RM0.50/transfer for the first 2 IBG every month, RM1/transfer thereafter

- eAcccount > 2 free funds transfers every month, RM0.80/transfer thereafter

- All other account types > RM1/transfer


QUOTE
CITIBANK

- All account types > RM0.50/transfer


QUOTE
Bank Mualamat

- All account types > RM1.50/transfer
This post has been edited by MilesAndMore: Jun 10 2015, 12:45 AM
ronnie
post Oct 23 2010, 01:30 AM

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I suggest to add Interbank Giro (IBG) to the title when users search for word giro or ibg
TSMilesAndMore
post Oct 23 2010, 01:39 AM

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QUOTE(ronnie @ Oct 23 2010, 01:30 AM)
I suggest to add Interbank Giro (IBG) to the title when users search for word giro or ibg
Done

chemistry
post Oct 23 2010, 01:41 AM

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It's so kind of you, Miles.
When will this thread be pinned?
ronnie
post Oct 23 2010, 01:43 AM

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QUOTE(MilesAndMore @ Oct 23 2010, 01:39 AM)
Done
*
My suggestion was to make the title "Interbank Funds Transfer/Interbank Giro (IBG)"
TSMilesAndMore
post Oct 23 2010, 01:55 AM

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QUOTE(chemistry @ Oct 23 2010, 01:41 AM)
It's so kind of you, Miles.
No problem smile.gif


QUOTE(ronnie @ Oct 23 2010, 01:43 AM)
My suggestion was to make the title "Interbank Funds Transfer/Interbank Giro (IBG)"
I figured it is unnecessary as it will just make the title too long and crowded. Besides, just type in "giro" or "ibg" in the search box, this thread will turn up in the search results still.


blahbleh
post Oct 23 2010, 08:12 PM

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Should have pinned this topic. I've seen several topics regarding IBG for past months.
ckk125
post Oct 23 2010, 08:19 PM

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Hello,

I know this sounds stupid, but can i know if i can transfer $ from Bank islam(my account) to Maybank(seller)?

Thanks
syamirc
post Oct 23 2010, 08:28 PM

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internet bankin or ATM?
if internet sure can..but take 2-3 days..
if ATM cnnot
ckk125
post Oct 23 2010, 08:31 PM

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QUOTE(syamirc @ Oct 23 2010, 08:28 PM)
internet bankin or ATM?
if internet sure can..but take 2-3 days..
if ATM cnnot
*
ATM...even if i have an account in bank islam also cannot?

Thanks..
ekestima
post Oct 23 2010, 09:38 PM

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So kinf of TS to solicit and consolidate all this useful information for us. rclxms.gif rclxms.gif
TSMilesAndMore
post Oct 23 2010, 10:51 PM

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QUOTE(ckk125 @ Oct 23 2010, 08:19 PM)
Hello,

I know this sounds stupid, but can i know if i can transfer $ from Bank islam(my account) to Maybank(seller)?

Thanks
You can do this over the counter at any Bank Islam branch or via your Bank Islam internet banking portal. For Basic Savings Account or Basic Current Account, the charge is RM0.50 only for all transfers regardless how many times you do it. Not sure about the regular savings/current account but most likely it is RM2/transfer. I can't find this information online.

By the way, i have not added the Interbank GIRO charges information for banks such as Bank Islam, Bank Rakyat, AGRO Bank, BSN, Bank Mualamat etc as i am not sure how much exactly they charge for each interbank funds transfers. If any of you know this, i'll appreciate if you can provide this information so i can update the first post.


QUOTE(ckk125 @ Oct 23 2010, 08:31 PM)
ATM...even if i have an account in bank islam also cannot?

Thanks..
Can't comment on Bank Islam but for many other local banks, you can perform an instant funds transfer to other bank account and you will be charged RM1 per transfer. The supported banks are very limited though.


QUOTE(ekestima @ Oct 23 2010, 09:38 PM)
So kinf of TS to solicit and consolidate all this useful information for us.  rclxms.gif  rclxms.gif
Glad you find this thread informative. It was Mr.Gen-X's idea to set up this thread smile.gif

This post has been edited by MilesAndMore: Oct 23 2010, 10:52 PM
SeanChang
post Oct 24 2010, 01:28 PM

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MilesAndMore,
i think should add another method of IBG besides otc & online.
Which is ATM IBG, transfer fee RM1.
e.g.
a) RHB transfer to Maybank at RHB ATM
b) RHB transfer to Maybank at Maybank ATM

Participating bank:
* Agrobank
* Alliance Bank
* AmBank
* Bank Rakyat
* Bank Simpanan Nasional
* CIMB Bank
* EON Bank
* Hong Leong Bank
* Maybank
* Public Bank
* RHB Bank
http://www.meps.com.my/faq/default.asp




TSMilesAndMore
post Oct 24 2010, 04:21 PM

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QUOTE(SeanChang @ Oct 24 2010, 01:28 PM)
MilesAndMore,
i think should add another method of IBG besides otc & online.
Which is ATM IBG, transfer fee RM1.
Done smile.gif

LOOOOOOL
post Nov 1 2010, 01:28 PM

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guys
if maybank transfer to citibank for credit card payment, how much maybank will charge???rm2 for everytime?
ronnie
post Nov 1 2010, 02:36 PM

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QUOTE(LOOOOOOL @ Nov 1 2010, 01:28 PM)
guys
if maybank transfer to citibank for credit card payment, how much maybank will charge???rm2 for everytime?
*
Yes... RM2.
Unless you open a Maybank Basic Savings Account(BSA) which entitles you to 2 IBG transactions at RM0.50 each. But then you need to open a new M2U logon based on the BSA
JamesPond
post Nov 17 2010, 12:05 PM

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how to know my m2u is BSA?
David83
post Nov 17 2010, 01:08 PM

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QUOTE(JamesPond @ Nov 17 2010, 12:05 PM)
how to know my m2u is BSA?
*
You may call to CS to determine what kind of saving account you have. Otherwise, M2U could be able to display such information.
TSMilesAndMore
post Nov 17 2010, 02:19 PM

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QUOTE(JamesPond @ Nov 17 2010, 12:05 PM)
how to know my m2u is BSA?
If it's a regular savings account, if should be listed as SA in your M2U. If it is a Basic Savings Account, it should be listed as BSA.

ronnie
post Nov 17 2010, 04:23 PM

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QUOTE(JamesPond @ Nov 17 2010, 12:05 PM)
how to know my m2u is BSA?
*
Here's how it looks like on M2U
user posted image

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