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 Instant Transfer (DuitNow) & Interbank Giro (IBG)

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MGM
post Jan 1 2012, 11:14 PM

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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.
MGM
post Oct 27 2015, 11:17 AM

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QUOTE(David83 @ Oct 27 2015, 10:46 AM)
Maybank also waives the fee for IBG.

Perhaps it comes from GIRO?  hmm.gif
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I thought MBB only waives fee for IBFT but not IBG?

BTW, Ambank doesn't have IBFT facility only IBG.

This post has been edited by MGM: Oct 27 2015, 11:18 AM
MGM
post Dec 1 2015, 03:11 PM

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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
MGM
post Feb 29 2016, 08:07 AM

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QUOTE(edwardccg @ Feb 20 2016, 02:19 PM)
I see, then the batch they run might be before 11:59PM
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  biggrin.gif

updated: Ambank execute the following transaction on 7:30AM in my creation sequence  smile.gif
1. TrueSaver to TrueTransact
2. TrueTransact to CC1 (IBG)
3. TrueTransact to CC2 (IBG)
4. TrueTransact to CC3 (IBG)
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Jan-2016 did IBG from TrueSaver to other banks, Zero IBG charges.

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?
MGM
post Mar 2 2016, 05:22 PM

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QUOTE(MGM @ Feb 29 2016, 08:07 AM)
Jan-2016 did IBG from TrueSaver to other banks, Zero IBG charges.
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?
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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.

BTW the 3 free withdrawals allowance is only for TrueSaver, but unlimited for True-Transact right?
MGM
post Aug 23 2016, 01:54 PM

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Didn't know UOB also provides free IBG n IBFT.

http://www1.uob.com.my/assets/pdf/tnc/zero_cost_ibg_tnc.pdf
MGM
post Nov 18 2016, 09:20 AM

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I thought HLB offering free IBG & IBFT until end of this year? But the IBFT page indicated 53sen fees!!
MGM
post Nov 18 2016, 12:10 PM

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QUOTE(MilesAndMore @ Nov 18 2016, 11:30 AM)
Did an IBFT last night. It was still  free. This is a limited time promotion. The page could be displaying the normal IBFT fee should there is no promotion.
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Found the promotion pdf n stated until 31-12-16. Did a IBFT just now n it is confirmed FOC.
MGM
post Jan 25 2017, 10:01 AM

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QUOTE(FDInvestor @ Jan 20 2017, 09:52 AM)
doh.gif Only last for 1 month sleep.gif. UOB more generous
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If only UOB has a Savings Acc that pay good interest, then can open one to take advantage of this offer. Currently using MBB savers-i but MBB doesnt seems to have any free IBG/IBFT promo.
MGM
post Jan 27 2017, 06:47 AM

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QUOTE(klmojuze @ Jan 26 2017, 08:58 PM)
WARNING: DO NOT TRANSFER FROM MAYBANK OR ANY BANK UNTIL ISSUE RESOLVED.

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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U did IBG or IBFT?
MGM
post Jan 29 2017, 08:39 AM

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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.
Still no feedback so far from both banks sad.gif

30k floating somehwhr. Fug.
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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.
MGM
post Mar 1 2017, 02:11 PM

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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
MGM
post Nov 13 2017, 06:00 PM

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Can anyone confirm whether MBB is offering free IBG & IBFT until 31 Dec2017 for CC and loan payment only?
MGM
post Nov 13 2017, 06:32 PM

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QUOTE(cybpsych @ Nov 13 2017, 06:12 PM)
i tried the following:

ibft to pbb cc. no charges.

ibft to cimb loan account. no charges.

ibft to hlb sa, got charge.
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What about car hire purchase, considered as loan account?
I think I will use IBG instead.

This post has been edited by MGM: Nov 13 2017, 06:33 PM
MGM
post Nov 13 2017, 06:53 PM

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QUOTE(cybpsych @ Nov 13 2017, 06:35 PM)
for HP account, i have not tired. it's on SI for my HP. smile.gif

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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No charges for IBG to hire purchase account so safe to say no charges for IBFT too.
MGM
post Oct 23 2023, 10:51 AM

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QUOTE(ronnie @ Oct 23 2023, 09:48 AM)
Most bank which list Touch N Go as a bank to transfer to.
MAE can do it via Accounts Bank Transfer portion
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Transfer to TnG Visa card number?
MGM
post Jun 16 2024, 06:35 PM

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QUOTE(alvin890 @ Jun 16 2024, 06:20 PM)
No error, it juz tat i could not proceed the next step after press confirm. But those transaction below 1k was ok. Izzit new tp use the new apps
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Did u check the trx limits?

 

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