The main question now is, did this person who claimed to had accidently transferred the RM1057.72 to your account actually bought something for you ? Or this RM1057.72 is actually a payment for a service rendered by you ? Because right now the person who reports to Hong Leong Bank is saying the money was never meant for you and he transferred the money into your account by accident right ?

So is this money really meant for you ? Otherwise yes, if the person claims he transferred the money to the wrong account (yes, such mistake does happen) and you couldn’t explain if this money really belongs to you, I suppose he does have a right to claim the money back. But of course it won’t be easy for him too and it takes time to verify it is a genuine claim and all.

guys, has anyone realised that we cannot instant transfer from CIMB to Maybank? Or is there something wrong to my cimb acc?

guys, has anyone realised that we cannot instant transfer from CIMB to Maybank? Or is there something wrong to my cimb acc?

Finally instant transfer from MBB is fixed.

which issue?

reduced to 10k like public bank 

hurmmmm yeah i think the same things too.

i just have ngam2 money on my account and when i want to make a transaction, its not enough becoz of fees!!

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.

     

What do you mean by no lock in period? Don't think I can just put in RM1k and withdraw RM500 the next month but in the end still be able to get the interest for RM1k after a year?
Seems abit confusing to me.

i just cant believe if theres any bank out there didnt charge any fees for their services.
afraid t\g\they got a hidden charge that we dont know right??
if that so, then i will believe and change to alliance bank show me the proof first hahahahahaa

no lah.. i checked it ald..I think bank others need put in above rm100k then only can get 0.7% of interest rate or something like that...
but alliance bank only need to put rm20k then can get 1.8% of interest rate per year..so will be better lah..with no transaction fees