want to ask ANY bank that offer ZERO COST  for IBG/Instant transfer  to credit card/balance transfer/saving account ?

As far as i know , zero cost
1. Alliance - only credit/loan acc
2. UOB ?
3. other ??

thank you

Is IBG free through HLConnect website?

I received a call from 603 5882 4388, on 9 Feb 2018, 1:03PM, from a female staff of Hong Leong bank with an email kasturik@hlbb.hongleong.com.my that says a person transferred a sum of RM 1057.72 into my account from Maybank accidentally on 2 Feb. The staff request me to prove this money belongs to me or else the money will be transferred back to this said person.

I called her back at 1:38PM, because I have some serious question:

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.

reduced to 10k like public bank 

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.

     

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.

     

Really got such news that all transaction fees will be abolished by July? If like that then Alliance bank also no different from other bank already leh..

can third party prepay the home loan account from maybank to public bank via online...

need to type the 15 digit acct number using normal ibg is ok right?

Apa era ini?

Yesterday, 28 April, I made transaction from Public Banck(PBe) to my current account on CIMB.
I received the message immediately from Pbe show that my transaction is successful. Only when I want to withdraw from CIMB, there is no money.

1) First time I'm calling Public Bank, the staff stated that the matter will be resolved within 24hours, due to MEPS problem.

2) 2nd time I'm calling after a half day, the staff change the reason, stated there is no problem with MEPS but there is an issue with 'timed out' and told me that there is several same issues happen today.

3) This morning I'm calling again, after 24hours, they said it will need 14 working days to be solved, because there is a problem with system, and the problem with CIMB, but I have already called and verified with CIMB, there is no other issues like that notified to them yesterday.

Aaaa, when can I have my money back, this is so frustrating.

Is it true that I'm gonna have my money back after 14 days?

From 1 July 2018, instant transfer fee below RM5k is waived right, what if i transfer multiple transaction for example RM4000 X 3 to make it RM12k to my credit card? is it still waive or not?

I thought effective 1 July will waive all?