IBG has additional security of verifying by IC number, useful in one-off transfers of larger sums.

free Instant Interbank Fund Transfer
Affin* (amount is RM5000 and under)
Maybank* (amount is RM5000 and under)

CIMB (I have tested more than RM5000)
Hong Leong Bank (I have tested more than RM5000)

Ambank
Public Bank
RHB
UOB

This post has been edited by yongs90: Jul 4 2018, 09:40 PM

I thought it's only free if amount is up to RM 5k
Directive from BNM

BNM requires all banks to offer free instant transfer for amount up to RM5,000 per transfer to encourage people to use online transfer. Some banks decided its best not to impose a maximum limit per transaction as people will just get around it by doing multiple transfers to the same account. All banks already comply with BNM directive by offering fee-free transfer. Some banks offer better deals than what’s required by BNM and that is fine.

it's already up & running though for zero instant transfer

Check Says news - Banks Have Waived The Instant Transfer Fee. Here's How It Affects You (couldn't include the link, not sure why though..

This post has been edited by Wenny K: Jul 4 2018, 12:50 PM

At UOB, OTC IBG is now foc for amount up to RM1Mil. Used to be RM2.
Rentas remain at RM5.

Which bank provide free IBG?

CIMB

More detailed research: http://<referral link removed>/my/news/bank-negara-malays...k-fund-transfer

This post has been edited by David83: Jul 4 2018, 11:19 PM

UOB this year 2018 same like preview year.
UOB provided OTC free IBG, but OTC no IBFT service.
UOB online no matter via BSA or E-account or Bank card free IBG and IBFT.

Yes, the CIMB free IBG and IBFT via online, but OTC no.

david, i cannot see the link. pls repost

I'm not sure why "<referral link removed>" is removed.
Could be due to referral matter.

http://%3Creferral%20link%20removed%3E/my/news/bank-negara-malaysia-policy-1-july-free-instant-interbank-fund-transfer

Change that portion to says . com (ignore the space)

This post has been edited by David83: Jul 7 2018, 08:54 AM

Confirm HLB can do IBFT with > RM5k for free.

This post has been edited by Ramjade: Jul 7 2018, 11:10 AM

Does BSN provide free ibg transfer?

check announcement posted in bsn website or internet banking portal?

AmBank waives fee for all online fund transfers

KUALA LUMPUR: AmBank (M) Berhad has waived the fee for all online fund transfers performed via its online banking platform, AmOnline. This includes the waiver of RM0.10 fee per transaction for Interbank GIRO (IBG) transfers and RM0.50 fee per transaction for Instant Interbank Fund Transfer (IBFT) transaction performed online, regardless of transaction amount.

Read more at https://www.thestar.com.my/business/busines...w8jddCVwU54W.99

Hi all, As of now, Maybank Instant transfer is free and Interbank GIRO is 10sen?

Can anyone confirm this?

Yes, Maybank sent out notification on that. And instant is only free up till RM5k.

need to confirm? official notice by Maybank quoted above. or u can check maybank website.

if need to transfer >RM5k, do multiple transfers.

Thanks to all. Yeah i saw the notice but just abit weird why Instant fee is waived while GIRO transfer rm0.10 is not waived.

simple: continue make money.

mbb just meeting basic requirements as per BNM's. so, mbb is not wrong. just their business decision is to keep charging IBG.

other banks are simply giving BETTER better value to customers.