Instant Transfer (DuitNow) participating banks :
**in the midst of compiling the different limits and fees applicable to all different banks


Interbank Funds Transfer (IBFT) and Interbank GIRO (IBG) information prior to 1st August 2018
**For reference only


This post has been edited by MilesAndMore: Oct 19 2020, 10:03 PM

I suggest to add Interbank Giro (IBG) to the title when users search for word giro or ibg

Done

It's so kind of you, Miles.
When will this thread be pinned?

My suggestion was to make the title "Interbank Funds Transfer/Interbank Giro (IBG)"

No problem


I figured it is unnecessary as it will just make the title too long and crowded. Besides, just type in "giro" or "ibg" in the search box, this thread will turn up in the search results still.

Should have pinned this topic. I've seen several topics regarding IBG for past months.

Hello,

I know this sounds stupid, but can i know if i can transfer $ from Bank islam(my account) to Maybank(seller)?

Thanks

internet bankin or ATM?
if internet sure can..but take 2-3 days..
if ATM cnnot

ATM...even if i have an account in bank islam also cannot?

Thanks..

So kinf of TS to solicit and consolidate all this useful information for us.

You can do this over the counter at any Bank Islam branch or via your Bank Islam internet banking portal. For Basic Savings Account or Basic Current Account, the charge is RM0.50 only for all transfers regardless how many times you do it. Not sure about the regular savings/current account but most likely it is RM2/transfer. I can't find this information online.

By the way, i have not added the Interbank GIRO charges information for banks such as Bank Islam, Bank Rakyat, AGRO Bank, BSN, Bank Mualamat etc as i am not sure how much exactly they charge for each interbank funds transfers. If any of you know this, i'll appreciate if you can provide this information so i can update the first post.


Can't comment on Bank Islam but for many other local banks, you can perform an instant funds transfer to other bank account and you will be charged RM1 per transfer. The supported banks are very limited though.


Glad you find this thread informative. It was Mr.Gen-X's idea to set up this thread

This post has been edited by MilesAndMore: Oct 23 2010, 10:52 PM

MilesAndMore,
i think should add another method of IBG besides otc & online.
Which is ATM IBG, transfer fee RM1.
e.g.
a) RHB transfer to Maybank at RHB ATM
b) RHB transfer to Maybank at Maybank ATM

Participating bank:
* Agrobank
* Alliance Bank
* AmBank
* Bank Rakyat
* Bank Simpanan Nasional
* CIMB Bank
* EON Bank
* Hong Leong Bank
* Maybank
* Public Bank
* RHB Bank
http://www.meps.com.my/faq/default.asp

Done

guys
if maybank transfer to citibank for credit card payment, how much maybank will charge???rm2 for everytime?

Yes... RM2.
Unless you open a Maybank Basic Savings Account(BSA) which entitles you to 2 IBG transactions at RM0.50 each. But then you need to open a new M2U logon based on the BSA

how to know my m2u is BSA?

You may call to CS to determine what kind of saving account you have. Otherwise, M2U could be able to display such information.

If it's a regular savings account, if should be listed as SA in your M2U. If it is a Basic Savings Account, it should be listed as BSA.

Here's how it looks like on M2U

Cheapest is StanChart & Citibank Rm0.50... i'm using StandChart too

If a particular IBG transaction has failed due to incorrect/incomplete Beneficary Name, would the banks charged additional failure fee ?

You'll just loss the IBG fee that's been deducted from your account.

Anyone know which bank giving free IGB?

Read the first topic lah !!! It's IBG, not IGB (Menara IGB ??)

CIMB Clicks offer instant transfer for IBG. The charges seem reasonable for those who are urgent to get money transfer instantly.

http://www.cimbclicks.com.my/service_fundtransfer.htm

hi, i am interested to get a BASIC SAVING ACCOUNT. wil hav any difficulty to open this? cos i heard tat some bank will not allow customer to open this account?

Nope. No difficulty to open this account at all. I had a few, as a matter of fact.

Bank Muamalat can IBG online, RM1.50/transfer.

Done

It is true tat sum bank really not allow ppl to create BASIC SAVING ACCOUNT?? Lol..impossible rite?

Mayb tat bank dun need money to operate

No. It is not impossible. For example, i was once denied to open a Basic Savings Account at Alliance Bank before. Instead, they insisted that i open other types of savings account such as their regular savings account or the Hybrid account. Citibank is yet another bank that doesn't simply allow people to open a Basic Savings Account with them.

The denied applicant may want to bring the case to the attention of BNM, if the bank has breached any Act (Akta).

Guys..
If i want to make loan repayment to Al Rajhi by transferring from Maybank Saving account, how much would it charge?
Tried searching on Al Rajhi but cant seems to find it.

Thanks

You should be looking at Maybanks' website
http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

They can't transfer to Al-Rajhi

Now that you mentioned it.. I thought all banks are linked...sigh..I need to travel so far to the bank..

Ronnie, thanks for the info

Choosing housing loan also need to check ease of payment of monthly... Move to Puchong which have all banks (except KFH) within a stone's throw away from each other.

I have 3 basic accounts and yet to face any issue from bank who don't "encourage" me to get basic account. All the time, i just insisted to get basic account otherwise i will just walk away and inform Bank Negara Malaysia. The bank should allow customer to choose what type of account they want, as long as we meet the requirements.

what's the difference between a basic savings account and a regular savings account? i have a few saving accounts with different banks. the only difference i noticed so far between these banks is the initial amount of deposit. public bank around rm250, cimb rm50...

Basic Savings Accounts is a BNM requirement for all banks in Malaysia.
Basic Savings Accounts can be open with RM20 only.
First 2 IBG cost 50sen.

i do IBG from maybank to citibank every month
but they still charge me RM2 instead of 50 cents even for the first time
does the from account type i.e. the bank account you are transffering from (savings/current) make any difference?

This post has been edited by amalthea: May 24 2011, 12:27 PM

when u log in to m2u, click on Account & check your account type

Basic saving/current have the same benefit of RM0.50 for 1st & 2nd IBG every month

The type of source account is important...

Is it true it is RM0.50 for 1st & 2nd IBG every month ? I'm also paying RM2 per transaction. Can't find any info stating MBB charge RM0.50 for 1st & 2nd time....

RHB having problem with IBG thru service counter. They will charge RM2, unless you complaint them. They will need manually charge RM0.50

---

Added on May 25, 2011, 8:59 amBtw, recently i found out that from Citibank transfer (before cut off time) to Maybank it takes 2 days to see the amount.

This post has been edited by truth_seeker_09: May 25 2011, 08:59 AM

this is true.... even HSBC also offer this basic account. i think the question is " are you really having a basic saving/current account?". you can find out the answer from the bank.

it's on Bank Negara Statement
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=964

That's because you have a regular savings account at Maybank and not a basic savings account.


Yes and it is applicable only to basic savings and basic current account.

No, i tried a few times recently. As long as I did the transfer before 12pm from Citibank, the money can be seen in Maybank on the same day.

This post has been edited by ks98: May 25 2011, 11:06 PM

Hi,

Hong Leong basic saving account enjoyed unlimited IBG transfer with only RM0.50 while other account type RM1

TS please kindly edit it

TQ!

But Hong Leong Bank website is suggesting otherwise. May be you can give us a screenshot of your account transaction history with all the sensitive information blacked out ? Or may be another link containing such information ?

Please confirm how many IBG transactions did you perform ?

CIMB iterbank transder to PBB RM1.00

takes 2-3days time.

anyone can confirm this ?

i did yest. they charged me rm1 instead of rm0.50

just perform once a month only.

Depends on when did you transfer the money out. Money may be made available on the same day depends on the receiving bank.


They charged you RM1 because you are using a regular savings account.

so basically, ppl will be charged RM1.00 instead of RM0.50 ?

what kind of other account that cimb has ?

Same charges as using CIMB teller to take out cash from PPB.

Hi,

I already perform a experiment with 4 IBG transcation(RM10,RM10,RM10 & RM8 respectively) in a day and been charged with RM0.50 services charges only. Kindly refer to my attachment for more details

---

Added on May 30, 2011, 5:41 pm

Another updated info for your all,

Public Bank Basic Saving Account enjoyed first 2 interbank instant transfer(QUICK PAY) with RM0.50 services charges

This post has been edited by whitemouse1314: May 30 2011, 05:42 PM


Attached thumbnail(s)

Think the first post for Maybank fees are outdated.

Did a IBG GIRO few days ago, was charged RM2. No more 0.50 for first 2 transfers of the month

http://www.maybank2u.com.my/mbb_info/m2u/p...l/ACC-Accounts/

Just for Info.. Our bank using 2 Type System..

1) IBG = <RM100,000
2) RENTAS = >100,000

..below is the "recent" IBG from PBB to MBB..



I don't normally use PBB (above is the transition from Apr to Jun), but always found it charge me RM2 for IBG, even the very 1st IBG..

This post has been edited by jerrykhor: Jun 10 2011, 04:27 PM

Let's get one thing clear guys. The discounted rate of RM0.50/transfer for the first two transfers every month is applicable only to Basic Savings Account. For those who are charged the normal rate, it is because your account is NOT a Basic Savings Account. Hope this clears.

For PBB non BASIC SAVING ACCOUNT HOLDER, it better for u all to transfer fund with "QUICK PAY" instead of "IBG" since it also cost you the same services charges RM2 but the fund can received immediately

This post has been edited by whitemouse1314: Jun 13 2011, 01:30 AM

Great..thanks for the information

---

Added on June 13, 2011, 2:01 pmjust tested quick pay, fund transfer immediately.. g8

This post has been edited by jerrykhor: Jun 13 2011, 02:01 PM

Enjoy free IBG transfer with m2u Savers!

m2u Savers account holders are now able to enjoy FREE IBG transfer to other banks.
Promotion ends 30 September 2011.

Hi, I am holding a Maybank Basic Savings Account Option 2 with the following:

Option 2

However, I found this in M2U:


So which one is the correct one? Thanks

Of course you will get first 2 IBG at RM0.50 if your account type is Basic Savings Account.

I performed an interbank transaction for the 1st time today and was charged RM2.00 instead of RM0.50. I suspect that the maybank officer that attended to me opened the wrong account.

Further discussion moved to here:
http://forum.lowyat.net/index.php?showtopic=1965909

This post has been edited by Human Nature: Jul 20 2011, 10:53 PM

hi, there's my friend transfer using ibg from maybank to my public bank account
he transfer at 21 july night but untill now i check i haven't received..
can i know how can i check the reference number?
i thought mostly it will only take 3 days maximum..

1. Your friend did not transfer the money
2. Your friend transferred the money to the wrong account

21 Jul was Thursday. Assume that your friend transferred the money to you using instant transfer via Public Bank online, you should have received the money right away. However, if your friend used the old IBG and transferred the money out after Public Bank's daily cut-off time, then you should receive the money before Friday midnight (22 Jul). I am very sure about this

owh ic, btw how can i check the reference number given?
got any website to check?

can this thread get pinned ?

can i use m2u to pay my public bank islam hire purchase monthly installment?

Hi, Anyone know can i use m2u to pay my HP installment of public bank islam? how long it take to reflect?

Yes. You can.


If you transfer the money out before 11.30am on a working day, the money will be credited into the account which it is sent on the same day. Otherwise, it will only be made available on the next working day in the evening.

Can anyone please confirm if CIMB Bank has discontinued their Instant Transfer service on CIMBClicks ?

I transferred funds to a seller here (He's using Maybank) yesterday using Quickpay function from Public Bank but he told me that the amount has yet to be credited into his accounts. Is there any server delay of Quickpay functions to Maybank account currently?

Edit

This post has been edited by alexzai: Aug 23 2011, 11:31 PM

I want to transfer from RHB bank to other bank because their exchange rate is too high. But the IBG limit it 5000/day. How to transfer more than 5000

Go to the counter to get cash or banker's cheque.

Carrying so much cash in my hands from one bank to another is dangerous and banker's cheque takes too long to clear. The reason why I want to transfer is because some banks have better TT rate than others.

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.