QUOTE(MGM @ Nov 13 2017, 06:00 PM)
Can anyone confirm whether MBB is offering free IBG & IBFT until 31 Dec2017 for CC and loan payment only?
It's BNM/MEPS initiative. Most of the banks are participating.
Instant Transfer (DuitNow) & Interbank Giro (IBG)
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Nov 23 2017, 10:51 PM
Show posts by this member only | IPv6 | Post
#1581
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All Stars
52,874 posts Joined: Jan 2003 |
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Dec 6 2017, 08:37 PM
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Junior Member
430 posts Joined: Oct 2004 From: Petaling Jaya |
My friend Tuesday 1:15pm using ATM IBG to transfer money from Agro bank to MBB. Today Wednesday 8:35pm I still have yet receive the fund. Agro bank told my friend that it takes 2-3 working days . Pls advise what should I do...
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Dec 7 2017, 09:51 PM
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All Stars
11,954 posts Joined: May 2007 |
How much is the figure?
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Dec 8 2017, 08:46 PM
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All Stars
62,907 posts Joined: Jan 2003 |
No more Instant Transfer fee for e-payments below RM5,000 from July 1, 2018
http://www.thesundaily.my/news/2017/12/08/...000-july-1-2018 KUALA LUMPUR: In a bid to facilitate migration to the e-payment space, Bank Negara Malaysia (BNM) has announced that the Instant Transfer fee of 50 sen for transactions below RM5,000 made by individuals and small and medium enterprises (SMEs) will be waived, effective July 1, 2018. "To drive the migration to e-payments during the transition period, the Instant Transfer fee of 50 sen will be waived for transactions up to RM5,000 per transaction made by individuals and SMEs effective July 1, 2018," BNM governor Tan Sri Muhammad Ibrahim said in his keynote address at the 2017 Payments Forum & Exhibition held earlier today. He noted that cheques are a costly payment option compared with e-payment, given its processing cost of RM4, in contrary to Interbank GIRO and Instant Transfer which would only cost around 30 sen per transaction. The usage of some 120 million cheques in 2017 has translated into an enormous cost of RM484 million, which Muhammad deemed as a sheer wastage to the economy. However, the usage of cheques has declined 42% since 2011 from 205 million to 120 million in 2017. In view of the high processing cost for cheques as well as to hasten migration to the e-payment space, Muhammad said cheque fee will be hiked from 50 sen to RM1 from Jan 2, 2021 and "gradually thereafter to reflect the actual cost of cheque processing". Meanwhile, the central bank has issued an exposure draft on its website, in which it had outlined the proposed requirements for the Interoperable Credit Transfer Framework (ICTF). "To encourage Quick Response (QR) code payment, avoid market fragmentation and broaden financial inclusion, BNM has issued the ICTF for consultation. The ICTF aims to connect both banks and eligible non-bank e-money issuers to ensure reachability of bank accounts and e-money accounts," Muhammad said. "For the first time in our history, customers of both banks and non-banks will soon be able to transfer funds across the network seamlessly by just referencing the mobile number and IC numbers of the recipients or scanning the QR code of the recipients," he added. The platform to facilitate the shared infrastructure payment service, known as Real-Retail Payments Platform (RPP) is currently being developed by Payments Network Malaysia (PayNet) and is slated for completion in June 2018. PayNet which is the merged entity between MEPS and MyClear will be the operator of the shared payment infrastructure. |
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Dec 8 2017, 11:39 PM
Show posts by this member only | IPv6 | Post
#1585
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Moderator
9,290 posts Joined: Mar 2008 |
QUOTE(cybpsych @ Dec 8 2017, 08:46 PM) No more Instant Transfer fee for e-payments below RM5,000 from July 1, 2018 A much welcome news indeed http://www.thesundaily.my/news/2017/12/08/...000-july-1-2018 |
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Dec 10 2017, 02:48 PM
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Senior Member
1,234 posts Joined: Dec 2005 From: Sibu, KL |
Guys, which bank with current account got instant transfer feature and whats the highest limit? so far only saving account of ambank instant transfer with waive (no fee) max 50k/daily.
please recommend me IBFT (Free if possible) with atleast 100k/daily limit. Current account btw, can we open singapore current account with in Malaysia? This post has been edited by David900924: Dec 10 2017, 04:42 PM |
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Dec 15 2017, 02:53 PM
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Junior Member
351 posts Joined: Sep 2010 |
Hi Sirs
Just to confirm did Instant transfer and or IBG works on weekends??? Thanks in advance |
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Dec 15 2017, 06:56 PM
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Junior Member
183 posts Joined: Oct 2016 |
IBFT (Instant Transfer) yes.. IBG no..
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Dec 22 2017, 02:14 PM
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Senior Member
1,013 posts Joined: Mar 2010 |
I've always done IBG from my hong Leong account and TAC has always been required. But today I did an instant transfer & no TAC was required - it just went thru.
Is that normal? imho, instant transfer without TAC is kinda risky |
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Dec 22 2017, 02:55 PM
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Senior Member
590 posts Joined: Aug 2005 |
Is that your "favorite" instant transfer transaction? I dont hv HL.
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Dec 23 2017, 10:21 AM
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All Stars
11,954 posts Joined: May 2007 |
If its a favorite then no need tac for the 2nd time transaction.
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Dec 29 2017, 07:48 AM
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Junior Member
149 posts Joined: Jul 2015 |
Hi all, any update for bank that promote which iIBFT fee waived~ HLB app , UOB, is going to end soon, PBE will end too in few months (for the CC repayment only).
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Dec 29 2017, 07:50 AM
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All Stars
62,907 posts Joined: Jan 2003 |
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Dec 29 2017, 08:00 AM
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Junior Member
149 posts Joined: Jul 2015 |
QUOTE(cybpsych @ Dec 29 2017, 07:50 AM) https://www.pbebank.com/Personal-Banking/Pr...e-Campaign.aspxOh No~~ 31/12/2017 too.... |
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Dec 29 2017, 08:02 AM
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All Stars
62,907 posts Joined: Jan 2003 |
QUOTE(roythen @ Dec 29 2017, 08:00 AM) all same ending date because of same sponsor . banks are just participating. |
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Dec 29 2017, 08:34 AM
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All Stars
52,874 posts Joined: Jan 2003 |
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Dec 29 2017, 09:30 AM
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Moderator
9,290 posts Joined: Mar 2008 |
Hong Leong Bank free IBG and instant transfer through Hong Leong Connect will run till 30th June 2018 or upon the allocation of RM2.845 million for the purpose of IBG and instant transfer fee waiver is used up.
This post has been edited by MilesAndMore: Dec 29 2017, 09:31 AM |
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Dec 30 2017, 10:22 PM
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Junior Member
338 posts Joined: Nov 2014 |
What about UOB ?
Will they extend into 2018 ? |
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Dec 31 2017, 09:14 AM
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Senior Member
1,483 posts Joined: Aug 2014 |
QUOTE(MilesAndMore @ Dec 29 2017, 09:30 AM) Hong Leong Bank free IBG and instant transfer through Hong Leong Connect will run till 30th June 2018 or upon the allocation of RM2.845 million for the purpose of IBG and instant transfer fee waiver is used up. It should be applicable only for Hong Leong Connect App on smartphones, not on computers, right?Sigh, I prefer not to use my handphone for internet banking, because computer with antivirus and firewall should be more secure than smartphones. |
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Dec 31 2017, 10:46 AM
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Moderator
9,290 posts Joined: Mar 2008 |
QUOTE(kart @ Dec 31 2017, 09:14 AM) It should be applicable only for Hong Leong Connect App on smartphones, not on computers, right? Not very sure about this but you can try. They will show the instant transfer or IBG fee (if any) at the final page before you submit it.Sigh, I prefer not to use my handphone for internet banking, because computer with antivirus and firewall should be more secure than smartphones. |
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