it should reverted back to originating account if invalid.

why u asking this? shouldnt the company itself suppose to check with Affin instead?

HLB “DIGITAL DAY” PROMOTION: ONLINE OFFER: ENJOY 7 DAYS ZERO COST IBG & INSTANT TRANSFER WITH HONG LEONG CONNECT
07 July 2017 to 13 July 2017

Full Terms & Conditions >> https://www.hlb.com.my/content/dam/hlb/my/d..._online_IBG.pdf

Hong Leong Connect – Enjoy year long Zero Cost IBG & Instant Transfer on Connect App [ HLB | T&Cs ]
17 July 2017 - 30 June 2018

For the purpose of this Zero Cost IBG & Instant Transfer Promotion, the maximum Fee Waiver for payment transactions shall be capped at a maximum of RM2.845million (“Fee Waiver Cap”) throughout the Promotion Period on a first-come, first-served basis. Notwithstanding anything stated herein, no further Fee Waiver will be rewarded to the Eligible IBG & Instant Transfer Customers once the Fee Waiver Cap is reached.

Notice on Interbank GIRO: Over-the-counter Interbank GIRO Reimbursement & Fee Standardization [ UOB ]

Over-the-counter Interbank GIRO Reimbursement

Accountholders with Basic Savings Account and Basic Current Account will receive a fee reimbursement for over-the-counter Interbank GIRO to align with one of the fee option available for Basic Account customers which is an entitlement to 2 discounted over-the-counter Interbank GIRO transactions.

There are two (2) types of reimbursement:

1) For customers aged less than 60 years old at point of transaction, reimbursement shall be calculated on the first two over-the-counter Interbank GIRO transacted monthly from October 2013 until May 2017.

2) Senior citizens aged 60 years old at point of transaction from October 2013 to May 2017 shall also receive full over-the-counter Interbank GIRO fee reimbursement, regardless the volume of transaction.

The reimbursement will be credited into the accountholder's account no later than 30 September 2017. The following is an example of how the reimbursement amount is being computed per transaction:

Period	Over-the-Counter Interbank GIRO Fee (RM)	Standardized Fee (RM)	Reimbursement Amount (RM)
Before GST*	1.00	0.10	0.90
After GST* (after 1 Apr 2015)	1.06	0.11	0.95

*GST - Goods and Services Tax

We deeply value your relationship with UOB and are committed to providing you with the highest level of service. Thank you for your continuous support towards UOB. If you have any further questions regarding this matter, please feel free to call us at 03-2612 8121.

Over-the-counter Interbank GIRO Fee Standardization

In an effort to standardize all over-the-counter Interbank GIRO transactions, we are implementing a fee of RM0.11 per transaction for any Interbank GIRO performed over-the-counter and this applies to Basic Current Account (BCA) and Basic Saving Account (BSA).

The standardized fee shall take effect from 1 August 2017.

We deeply value your relationship with UOB and are committed to providing you with the highest level of service. Thank you for your continuous support towards UOB.

Basic Savings Account and Basic Current Account are eligible for protection by PIDM.

Zero Fee Campaign [ PBB | T&Cs (EN) | T&Cs (BM) ]
1 October 2017 - 31 December 2017

Enjoy ZERO COST Instant Transfer for Credit Card/-i and Loan/Financing Payment with Connect Internet Banking and App. [ HLB | T&Cs ]
01 OCTOBER 2017-31 DECEMBER 2017

Pay Your Loans & Credit Cards with ZERO Transaction Fee [ Maybank ]
Campaign Period: 1 October 2017 to 31 December 2017

Dear Valued Customers,

Good news! From 1 October to 31 December 2017, you can make Interbank GIRO (IBG) and Instant Transfer (IBFT) payments to your loan and credit card from different banks at ZERO transaction fees. This promotion is only applicable for transactions via Maybank2u web and the NEW Maybank app.

Services Involved
Interbank GIRO (IBG) transfer to Credit Card & Loan accounts. RM0.11 is waived.
Instant Transfer (IBFT) to Credit Card & Loan accounts. RM0.53 is waived.

Login to Maybank2u now to enjoy unlimited transfers at no transaction costs!

This post has been edited by cybpsych: Oct 3 2017, 02:24 PM

CIMB Clicks IBFT Zero Fee Campaign 2017 [ CIMB | T&Cs ]

enjoy ZERO FEE Instant Transfer (IBFT) transactions** from 1 October 2017 to 31 December 2017.

Only applicable for credit card or loan payments.
Minimum transaction amount is RM50.
Other terms & conditions apply.

No queue, hassle free. You can now perform Instant Transfer to savings or current account, credit card and financing repayment via RHB Now Internet and Mobile Banking at ZERO transfer fee. Activate your RHB Now Online Banking and start transacting today.

Promotion period: 1 October until 31 December 2017.

Terms and conditions: ZERO transfer fee is only applicable for internet and mobile banking.

https://www.rhbgroup.com/products-and-servi...ro-transfer-fee

got 2 promos.

IBG: hl connect app only is free, subject to fee waiver cap.
IBFT: hl connect app only is free, subject to fee waiver cap + cc/loan/financing payment

i guess your case would be using hlconnect web with IBG?

i tried the following:

ibft to pbb cc. no charges.

ibft to cimb loan account. no charges.

ibft to hlb sa, got charge.

for HP account, i have not tired. it's on SI for my HP.

i think it depends on the "transfer type".

i wonder if normal SA but my ibft classify this account as Loan Account, i wonder if it got charges or intelligence to detect (between loan vs fund transfer)

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.

pbb's ending when?

all same ending date because of same sponsor . banks are just participating.

3 questions:

1) IBFT fee is not rm0.11, it should be rm0.53
2) ocbc account type is SA? loan? credit card?
3) yours is normal M2U account?

quote him back la

mbb 1st time favorite transfer will need tac.

subsequent transfers tac not required.

since the free IFBT initative came from BNM, all participating banks would be involved.

the rest of the business rules and policies, too early to know, unless you have insider news.

perhaps details will be shared or published around May/Jun when it's near implementation.

Revision of Zero Cost Fund Transfer Terms & Conditions (Effective 01 March 2018)

https://www1.uob.com.my/web-resources/perso...tion-TC-Eng.pdf