If you don't mind me asking, how much exactly do you intend to withdraw from RHB Bank ? Another alternative is to make the IBG over the counter. The maximum transfer limit per transfer set by MEPS IBG is RM500,000 (i know this through HSBC). I am however, not too sure how much is the transfer limit for IBG done over the counter for RHB Bank. Standard Chartered for example, allows its online banking user to transfer up to a maximum of RM5,000/day to another bank. However, if you do it over the counter, the maximum limit imposed per transfer is RM99,999.

About 70,000-100,000 each time. I called them today before I went, but they said there is the IBG which limit is 5000/day and the interbank at the counter, but clearing time is between 2-3 business days. Waiting a day might be costly because the rate different from today to tomorrow is a difference of a few hundred USD. I'm asking here not because I cannot ask RHB directly, but I'm new to banking and I ask over the phone also I am not sure how competent the customer service person is. Maybe if I use the right terms they will give the right answer.

So i guess banker's cheque is the more viable option for you then. Cheque clearing is very fast nowadays. Assume that you bank-in the cheque before 4pm today, you will get the money by tomorrow. It has been so since September 2009 thanks to the new centralised cheque clearing system.

Have you ever thought of moving all your money to the "other" bank you said that gives a better TT rate ?

Not really because RHB is my primary bank for alot of things and I don't have 'all the money' I get it every few months from a scholarship and send it when I get it. My savings is almost 0. Just happens normally RHB has the highest TT rates. So what I thought was when I need to TT the money, then I just bring to the bank with the lowest TT rate that day.

Well, then i guess you should only withdraw all in cash over the counter then and seriously, RM100,000 of cash is not exactly a lot. Always request for all RM100 notes and i'd recommend that you bring a bag and park your car near the bank.

By the way, there is another option which is RENTAS. It is usually used only for big amount of money and money is made available on the same day. However, you must have an account at the bank you intend to make the transfer to, same goes to MEPS IBG.

for uob eaccount, is there any annual fee ?

No annual fee. Just that the minimum balance of this account is RM500. Not sure if this rule has changed or not.

For immediate Interbank fund transfer clearance, I use RENTAS to transfer fund above RM5K.
EON Bank (Now HLB) charged RM4 only.
Clearance of fund is immediate.
Can transfer fund to any bank and any name.
Must present to sign the transfer form at your home bank.
Different bank have different RENTAS fee.

I had transfer from cimb on last Friday at 1pm to my PBB acc. So when I suppose to received the fund using IBG?

I read the transfer schedule, it stated that Funds available at beneficiary bank lastest by 9am on the next two business days from transaction date. Is it mean that I only can get it on Tuesday 9am?

You did the transfer last Friday after the cut-off time. So you will only get it today anytime by now (up to midnight). But for Public Bank, you should get it by 6pm today.

why saving account is charge more for ibg giro compare to basic saving acc?
can BSA do online transaction?

I think so since it is no longer to have this option appears.

Just the way it is. BSA is a regulated product by BNM and must be offered to the public by all banks in Malaysia. And yes. BSA can do online transaction too


Yeah. Service has been suspended indefinitely. There is a notice on the right right-hand side of Clicks' website.

by default when we open acc with any bank they will open SA rather than BSA rite?
hurm..maybe need to open another BSA so that i can do ibg giro with lower rate

Thanks for the share...

Usually... yeah.

Got question to ask.

I need to withdraw the money from my saving account and FD to buy a house from 3 different bank with RM 30k each (saving n FD)

1. Is it better for me to ask them to issue cheque( with additional charges)?
2. Or interbank transfer to 1 bank then from that bank transfer to the owner bank?

any advice?

thanks in advance.

This post has been edited by BboyDora: Sep 26 2011, 10:36 PM

There is a limit for IBG. Try to ask for RENTAS instead. Otherwise, banker's cheque is the best.

hi, can i pay Hire purchase payment of public islamic bank via Maybank2u???

I check maybank2u website, under the list it only show public bank, not public islamic bank,,is it the same?