Thanx.... Just unfortunately I don't have accts in these 2 banks. 😅😅😅

Only last for 1 month . UOB more generous

If only UOB has a Savings Acc that pay good interest, then can open one to take advantage of this offer. Currently using MBB savers-i but MBB doesnt seems to have any free IBG/IBFT promo.

any update on your issue? how u contact public bank?

When's the next business day for RHB or local bank? 29th?

WARNING: DO NOT TRANSFER FROM MAYBANK OR ANY BANK UNTIL ISSUE RESOLVED.

MAYBANK IS REPORTING ISSUES WITH INTERBANK. FUNDS MAY BE 'STUCK' NOW.

I did instant transfer a few hours ago MBB to ALLIANCE. Spoke to customer service. May only go through by tomorrow morning, or may take 14 DAYS FOR MANUAL CREDIT TO AMBB (yes that's what they said).

I am honestly not too upset at this point but my goodness, this shows the fragility of the Malaysian financial system if they can't resolve interbank tomorrow.

I empathise with anyone that has transferred large amounts of money which is right now in 'limbo', especially just as Chinese New Year starts.

Please continue to have cash-in-hand, credit cards, maybe even Bitcoin to be prepared for issues like this, it may not be the last time it happens.

I wish everyone affected by this all the best.

Tomorrow Friday 27th is a regular working day for banks AFAIK. But see issue above.

This post has been edited by klmojuze: Jan 26 2017, 09:03 PM

I believe is MEPS problem instead of bank. but bank no cater exception properly.

Wtf.. CNY is around the corner and got issues
So better to keep some cash in hand

Ya, it is MEPS issue since early this year.. on n off still have some cases reported .. still pending MEPS to resolve

U did IBG or IBFT?

IBFT.

Thanks for advice, I have to be more careful now. I'm sad that Malaysia Interbank, especially when related to "instant transfer" that is promised, has problems. Does not bode well for the trajectory this country is on. Yes, "you tak suka you keluar", but I digress.

DISCLAIMER: I am not a lawyer or financial advisor, this is NOT financial advice.

But IMO at this point I feel one should keep several thousand RM and several thousand other currency in CASH in your safe at home. One should also have one or two Malaysian bank accounts and try to open a foreign deposit eg. Singapore or Australia.

Physical silver and gold eg. Perth Mint or Canadian Maple bullion, several ounces of each, can be useful. It should be IN YOUR POSSESSION not in safe deposit box somewhere else etc.

Bitcoin and other cryptocurrency is an option but you need to start with tiny amounts (like few dollars' worth) because I feel one should really know how the wallets and systems work since it is not fiat ie. there is no guarantor of your funds.

Not saying anyone should panic, but beginning these habits and preparation will stand you in good stead, IMO.

This post has been edited by klmojuze: Jan 27 2017, 08:36 AM

Praise God, transfer went through when I checked this morning. IMO caution is still advised given MEPS issues this year.

solve within 24 hours?

instant transfer become IBG? can ask for interest or refund of instant transfer fee? *just joking as bank never do that.
When customer late they will charge whatever fee ...when bank slow, nothing we got ... how can customer is no 1?

But again, customer still got right to complain since they didn't fulfilled their SLA of "instant" transfer

how to complaint? send formal complaint to bank negara via email?

complaint is easy, compensation is hard

Any thread on opening accounts in Singapore or Australia ?

There's already a thread on opening account in Singapore
https://forum.lowyat.net/topic/1440794

Just complain to the bank first.. tell them how u want them to refund, but must be reasonable..

Thanks bro Ramjade, will track that topic.