yes, so i always IBTF to from MBB to CIMB, then from CIMB IBG to other bank that don't support IBTF

Just IBFT from maybank straight. Why want to do double work?

I am still charged RM0.10 for giro! Maybank user

Maybank didn't waive for GIRO (IBG).

Ergh! So free for ibt, but not for giro?

For Maybank, fee is waived for IBFT for amount < RM 5k.

From M2U
Instant Transfer, will only be charged RM0.50 (S/C RM0.50 + GST RM0.00) for transactions above RM5,000.
IBG will be charged RM0.10 (S/C RM0.10 + GST RM0.00) per transaction.

so for maybank we can do instant transfer a total of 10k twice e.g. 5k each without any charge?

This post has been edited by cenkudu: Jul 15 2018, 10:49 AM

fee imposed per transaction, as long as 5k and below.

This post has been edited by cybpsych: Jul 15 2018, 11:35 AM

good news!


Instant Transfer (IBFT) Service Fee Waiver
30 JULY 2018

Dear Valued Customers,

Effective 1st August 2018, no more service fee for any Instant Transfer via Maybank2u Web and Maybank App.

But IBG still charge...

aikks Maybank still kena? im using CIMB i was surprised the other day that both IBG and IBFT isnt charging anything for transfers.
i noticed this eversince they upgraded their site's UI.

http://<referral link removed>/my/news/cimb-bank-offers-f...or-cimb-eva-app

aiyor, currently maybank still charge for IBG @ any amount and IBFT @ >RM5000.

IBFT @ RM5k and below is FOC.

with this new announcement, effective 1 Aug, IBFT @ any amount would be FOC.

This mbb really dungu and Mr u turn. Few weeks later will probably waive ibg too.

Biggest bank in Malaysia but behaving more like a follower than a leader.

Banks are not charitable organisations. Hence they don't need to give things for free.They just need to follow BNM order. BNM said transaction using IBFT <RM5k must be free. BNM didn't say all transaction using IBFT or IBG must be free.

Hence Maybank just make IBFT <RM5k free as per BNM order and continue charging other fees. Is all business.

This post has been edited by Ramjade: Jul 30 2018, 10:32 PM

nobody is talking about giving things for free but there are ways of doing business and smarter ways of doing business. as the banking industry leader, they could have seized the initiative and started the ball rolling. instead they were left to scramble as other bank decided to waive all charges. they were one of the last banks to make an announcement.

now they announced to waive all charges for ibft. quite likely they realised that customers were bypassing their 5k limit and just do multiple transfer if they needed more than 5k. so mbb ended up didn't make more plus putting additional load on their backend. definitely wasn't well thought out and appears bumbling to my eyes as a customer.

to me, this plus the amex cashback, gia and the so called "upgraded and improved websites" episodes, doesn't do much to mbb's image.

Now cannot IBFT from CIMB to Maybank? Only IBG?

instead of posting 1-liner, why not write more to describe your reasoning or questions pertaining to ibft from cimb to mbb?

why or how did you come to that statement?

RHB OTP password sent to SMS having problem?

I requested, still havent receive sms

This happened last night. I tried to transfer funds from my CIMB savings acc to my Maybank savings acc. Apparently, the IBFT option has been greyed out.

Just now, I tried again and now it is working fine.