If it is a cheque-account and you intend to transfer to another bank's fd account, issuing cheque is the cheapest at 15sen and banks will take the current date as the fd starting date.
Instant Transfer (DuitNow) & Interbank Giro (IBG)
Instant Transfer (DuitNow) & Interbank Giro (IBG)
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Jan 1 2012, 11:14 PM
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#1
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All Stars
18,432 posts Joined: Oct 2010 |
If it is a cheque-account and you intend to transfer to another bank's fd account, issuing cheque is the cheapest at 15sen and banks will take the current date as the fd starting date.
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Oct 27 2015, 11:17 AM
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#2
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All Stars
18,432 posts Joined: Oct 2010 |
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Dec 1 2015, 03:11 PM
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#3
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All Stars
18,432 posts Joined: Oct 2010 |
Just found that cannot do IBFT from M2U to OCBC, so have to use IBG and incurred 11sen.
Also AMBANK does not provide free IBFT. This post has been edited by MGM: Dec 1 2015, 03:12 PM |
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Feb 29 2016, 08:07 AM
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#4
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All Stars
18,432 posts Joined: Oct 2010 |
QUOTE(edwardccg @ Feb 20 2016, 02:19 PM) I see, then the batch they run might be before 11:59PM Jan-2016 did IBG from TrueSaver to other banks, Zero IBG charges.Just schedule to do transfer on Feb 22 monday for testing, will see what time it execute. I was too get used to RHB now which it future transfer always execute around 6AM, it will also send email day before to notify there is a schedule transfer to be execute the next day updated: Ambank execute the following transaction on 7:30AM in my creation sequence 1. TrueSaver to TrueTransact 2. TrueTransact to CC1 (IBG) 3. TrueTransact to CC2 (IBG) 4. TrueTransact to CC3 (IBG) 16-2-2016 did IBG from TrueSaver to other bank, 11sen IBG+GST charges. 16/2/2016 GST Own Account 16/2/2016 IBG FEE (IB),,, 16/2/2016 INTERBANK GIRO (IB),,, One transaction but 3 entries, considered as 1 withdrawal? |
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Mar 2 2016, 05:22 PM
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#5
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All Stars
18,432 posts Joined: Oct 2010 |
QUOTE(MGM @ Feb 29 2016, 08:07 AM) Jan-2016 did IBG from TrueSaver to other banks, Zero IBG charges. edwardccg looks like the 3 entries for IBG done on 16/2/2016 is taken as one withdrawal, otherwise my withdrawal count would be 4 and there should be a surcharge incurred.16-2-2016 did IBG from TrueSaver to other bank, 11sen IBG+GST charges. 16/2/2016 GST Own Account 16/2/2016 IBG FEE (IB),,, 16/2/2016 INTERBANK GIRO (IB),,, 29/2/2016 TRANSFER RM1000 TO TRUE-TRANSACT One transaction but 3 entries, considered as 1 withdrawal? BTW the 3 free withdrawals allowance is only for TrueSaver, but unlimited for True-Transact right? |
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Aug 23 2016, 01:54 PM
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#6
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All Stars
18,432 posts Joined: Oct 2010 |
Didn't know UOB also provides free IBG n IBFT.
http://www1.uob.com.my/assets/pdf/tnc/zero_cost_ibg_tnc.pdf |
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Nov 18 2016, 09:20 AM
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#7
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All Stars
18,432 posts Joined: Oct 2010 |
I thought HLB offering free IBG & IBFT until end of this year? But the IBFT page indicated 53sen fees!!
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Nov 18 2016, 12:10 PM
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#8
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All Stars
18,432 posts Joined: Oct 2010 |
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Jan 25 2017, 10:01 AM
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#9
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All Stars
18,432 posts Joined: Oct 2010 |
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Jan 27 2017, 06:47 AM
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#10
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All Stars
18,432 posts Joined: Oct 2010 |
QUOTE(klmojuze @ Jan 26 2017, 08:58 PM) WARNING: DO NOT TRANSFER FROM MAYBANK OR ANY BANK UNTIL ISSUE RESOLVED. U did IBG or IBFT?MAYBANK IS REPORTING ISSUES WITH INTERBANK. FUNDS MAY BE 'STUCK' NOW. I did instant transfer a few hours ago MBB to ALLIANCE. Spoke to customer service. May only go through by tomorrow morning, or may take 14 DAYS FOR MANUAL CREDIT TO AMBB (yes that's what they said). I am honestly not too upset at this point but my goodness, this shows the fragility of the Malaysian financial system if they can't resolve interbank tomorrow. I empathise with anyone that has transferred large amounts of money which is right now in 'limbo', especially just as Chinese New Year starts. Please continue to have cash-in-hand, credit cards, maybe even Bitcoin to be prepared for issues like this, it may not be the last time it happens. I wish everyone affected by this all the best. Tomorrow Friday 27th is a regular working day for banks AFAIK. But see issue above. |
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Jan 29 2017, 08:39 AM
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#11
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All Stars
18,432 posts Joined: Oct 2010 |
QUOTE(ninask @ Jan 28 2017, 11:10 PM) Phew. I feel relieved to find this thread! Did an IBFT transfer from CIMB to RHB on 10th Jan, but the amount never reflected on my rhb acc. Called both banks and they ask me to wait between 14-30 working days for investigation. So scarry, already a few complaints on IBFT. I did a few IBG recently without hiccup. So we stick with IBG which can transfer within same day.Still no feedback so far from both banks 30k floating somehwhr. Fug. |
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Mar 1 2017, 02:11 PM
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#12
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All Stars
18,432 posts Joined: Oct 2010 |
MilesAndMore, Is there a list of banks offering free IBG/IBFT in post#1? Cos I can't it.
This post has been edited by MGM: Mar 1 2017, 02:11 PM |
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Nov 13 2017, 06:00 PM
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#13
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All Stars
18,432 posts Joined: Oct 2010 |
Can anyone confirm whether MBB is offering free IBG & IBFT until 31 Dec2017 for CC and loan payment only?
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Nov 13 2017, 06:32 PM
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#14
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18,432 posts Joined: Oct 2010 |
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Nov 13 2017, 06:53 PM
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#15
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All Stars
18,432 posts Joined: Oct 2010 |
QUOTE(cybpsych @ Nov 13 2017, 06:35 PM) for HP account, i have not tired. it's on SI for my HP. No charges for IBG to hire purchase account so safe to say no charges for IBFT too.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) |
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Oct 23 2023, 10:51 AM
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#16
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All Stars
18,432 posts Joined: Oct 2010 |
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Jun 16 2024, 06:35 PM
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#17
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18,432 posts Joined: Oct 2010 |
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