QUOTE(sam240 @ Oct 27 2011, 02:08 PM)
Hi Guys,
I'm a little confuse and wanna confirm with your guys here:
I plan to pay my OCBC credit card which either transfer from CIMB online or PBB online (both are normal saving account):
1) which bank will charge more cheaper? is CIMB?
CIMB Bank's MEPS IBG is cheaper than Public Bank.
QUOTE(sam240 @ Oct 27 2011, 02:08 PM)
2) RM1 per transfer or RM0.50?
Depends on the type of your savings account. If your account is a basic savings account, then you will only be charged RM0.50 for the first two MEPS IBG done in a month and subsequent MEPS IBG in that same month will be charged RM1. For regular savings account, the fee is RM1/transfer. You can find out your savings account type by visiting any CIMB Bank branch or send them a secured message through your CIMBClicks.
QUOTE(sam240 @ Oct 27 2011, 02:08 PM)
3) what is the meaning RM0.50 charges for CIMB? In my this case, can I enjoy this lowest charges?
Refer to the reply above.
QUOTE(sam240 @ Oct 27 2011, 02:08 PM)
4) Is IBG same with Instant Transfer? What's the different?
The main difference is the fund availability in the receiving bank. For MEPS IBG, funds will be made available at the receiving bank by 12 midnight on the same banking day should you transfer the money out before the daily cut-off time which is between 11.30am - 12pm (varies by banks). If you do it after the cut-off time, funds will only be made available by 12 midnight on the next banking day.
As for instant transfer, the money will be transferred and credited immediately to the receiving bank account.
QUOTE(sam240 @ Oct 27 2011, 02:08 PM)
5) How many days the transaction will be done if I transfer from CIMB to OCBC? 2 working days or instantly?
Transferring fund to OCBC from CIMB through Instant Transfer is not an option because OCBC is still not yet supported under Instant Transfer. Your only choice is using MEPS IBG. Please refer to my reply #2 regarding how many days it takes to transfer the money from CIMB to OCBC.
This post has been edited by MilesAndMore: Oct 28 2011, 10:44 AM