Instant Transfer (DuitNow) & Interbank Giro (IBG)
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 Nov 17 2012, 09:45 AM
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#1
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Senior Member
670 posts Joined: Jan 2005  
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Just found out that there is a free and faster way to move funds between banks.
But seems to be only available at MBB and PBB http://www.pbebank.com/en/en_content/perso...s/mymobile.html http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts This post has been edited by gilabola: Nov 17 2012, 09:48 AM |
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May 11 2013, 07:52 AM
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#2
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Senior Member
670 posts Joined: Jan 2005
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On Maybank2u, when you select interbank funds transfer, it is defaulted to INSTANT interbank funds transfer which is charged RM2.
  Make sure you change the dropdown selection to GIRO interbank funds transfer to get 10sen.  Be careful so that you do not end up paying more unnecessarily. This post has been edited by gilabola: May 11 2013, 07:55 AM |
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Dec 1 2013, 07:44 AM
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#3
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(David83 @ Nov 29 2013, 07:41 PM) Up to 3 working days but generally within 1 working day. If the IBG transaction is done before 12.30 pm, you get the money the same day: http://www.bankislam.com.my/en/pages/Inter...IRO.aspx?tabs=6 Since Sept 2013, all banks will credit within 2 hours of clearing: "Meanwhile, Datuk Abdul Farid Alias, chairman of the Association of Banks in Malaysia, said that the clearing time for funds transfer via IBG would be made faster by the end of this month. The effort, he said, would see customers’ accounts being credited within two hours of IBG clearing for there would be at least two clearing windows by the end of September 2013. Currently, customers’ accounts are credited anytime before midnight. “By the end of February 2014, there will be faster fund availability as there will be four clearing windows,” said Abdul Farid, who is also the newly appointed president and CEO of Malayan Banking Bhd. He said that by the end of next year, IBG payments initiated by customers before 5pm would be credited to the recipients by 10.30pm on the same day. At present, the cut-off time for same-day clearing for IBG was 12.30pm." Source: http://www.thestar.com.my/Business/Busines...l-branches.aspx This post has been edited by gilabola: Dec 1 2013, 07:46 AM |
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Dec 1 2013, 08:22 AM
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#4
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(David83 @ Dec 1 2013, 08:05 AM) Those are new TAT that needs to be implemented by now. Since Sept 2013, all banks cut off time is 12.30pm and money is in the same day. By next year, cutoff extended to 5 pm. I did an IBG transfer from M2U in the morning and money was in by the afternoon.Every bank has its cut-off time. So far, the fastest I experienced is within 1 working day. |
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Feb 2 2014, 09:09 AM
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#5
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(MilesAndMore @ Oct 23 2010, 01:00 AM) - Interbank Funds Transfers (online) Looks like the first post needs to be updated. IBG is now 10 sen only- Basic Savings Account, Basic Current Account, Basic Savings Account-i & Basic Current Account-i > RM0.50/transfer for the first 2 IBG every month, RM2/transfer thereafter - Interbank Funds Transfers (Automated Teller Machine - ATM) This post has been edited by gilabola: Feb 2 2014, 09:10 AM |
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Apr 13 2014, 08:36 AM
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#6
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(edwardccg @ Apr 11 2014, 08:12 AM) this news sure come out silently, its already 10 days we only notice it Yes, the first page is very outdated. Prices still show RM2.00 instead of RM0.10. Nothing on new timing. Thanks, Ronnie for letting us know. Maybe Ronnie should take over as TS for this thread.  first page need to update   The timing at Public Bank is even better than Maybank. For example, - at Public Bank, make payment at 8.00 am receive at beneficiary's bank at 1:00 pm. At Maybank, make payment at 8.00 am receive at 3:00 pm. - at Public Bank, make payment at 10.00 am receive at beneficiary's bank at 3:00 pm. At Maybank, make payment at 10.00 am receive at 5.45 pm. Maybank  Public 
This post has been edited by gilabola: Apr 13 2014, 08:50 AM |
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Dec 14 2014, 10:47 AM
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#7
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Senior Member
670 posts Joined: Jan 2005
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Looks like IBG payments are now credited on the same day if transaction are made before 5.00 pm.
Same day deadline was previously 12.30 pm.Also, over the counter IBG transactions is now free for senior citizens. Source: www.hlb.com.my/HLOB_Enhancements.pdf https://www.hlb.com.my/HLOB_Enhancements.pdf This post has been edited by gilabola: Dec 14 2014, 11:15 AM |
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May 24 2015, 07:35 AM
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#8
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(sms2u @ Apr 14 2015, 10:33 AM) Other bank have higher limit for IBG (normal consumer customer) Public bank's limit is still at 10k. I just checked in PBeBankCIMB = RM30,000 IBG daily limit HSBC = RM30,000 IBG daily limit Public Bank = RM20,000 IBG daily limit AmBank = RM20,000 IBGdaily limit But, some other bank still maintain RM10,000 IBG daily limit Maybank, RHB; Bank Islam, BSN Hong Leong Bank - But allow to requets for temporary limit increase to RM30,000 daily limit UÖB - RM20.000 for UOB Privilege Banking & Private Banking Clients and Max daily limit RM50,000 Suggest to add this in post 1 |
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Jan 7 2016, 12:30 AM
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#9
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(smartinvestor01 @ Jan 6 2016, 02:10 PM) Yesterday about 11.00pm i performed an IBG transaction from my Maybank to pay my Standard Chartered Credit Card.. Normally payment for credit card appears only the next day because the banks seems to update our card statement only once a day. It is not really a problem, because the transaction date is still today although the posting date is a day later.Right now, the money have not went through yet.. If i am not mistaken, last time by 11.00am the funds will be settled to my Standard Chartered.. Is it that there is some kind of delay in the system? This is the 2nd delay happening for my IBG transactions.. You will see your payment on your credit card statement on 7 January, with 6 January as the transaction date and 7 January as the posting date. I noticed it is the same regardless whether it's IBG or IBFT. Payments shows up on credit card statement the next day. This post has been edited by gilabola: Jan 7 2016, 12:32 AM |
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Jan 12 2016, 08:05 AM
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#10
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(safilo @ Jan 11 2016, 05:04 PM) As I know, 50K is the daily max and applicable for few banks. Thanks. This is good info. By the way, PBB limit is 30k if you get a token. The token is free.Bank__________Daily Limit____ Fee_______Remark Alliance Bank___10,000________0.53 PBB___________10,000_______0.53 OCBC__________10,000_______0.53______Currently no online IBFT available, can ONLY use ATM to perform IBFT Maybank_______30,000________0.53 RHB___________30,000________0.53 CIMB __________30,000________0.53 UOB___________30,000________0.53_____Free for eAccount, 50K limit for GIRO AFFIN__________50,000_______0.53 HLB____________50,000_______0.53 HSBC___________50,000_______0.53 SCB_____________50,000_______Free AMBANK_________50,000_______0.53 These figures may change from time to time. Not too long ago, the limit was 10K. This post has been edited by gilabola: Jan 12 2016, 08:06 AM |
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Feb 1 2016, 08:10 PM
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#11
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(Ramjade @ Feb 1 2016, 07:31 PM) Guys, does KL public holiday affect IBG? I am Klang. I IBG in some money into my mother's account at about 630 this morning. It should be in my mother's account by 2PM. IBG won't be credited today because it is a public holiday in KLHowever, until now, the money is not in yet. I checked 3x the account no. I even key in my mother's IC as verification. |
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Jan 11 2019, 11:32 PM
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#12
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Senior Member
670 posts Joined: Jan 2005
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Jan 13 2019, 03:44 PM
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#13
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Senior Member
670 posts Joined: Jan 2005
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QUOTE(David83 @ Jan 13 2019, 01:08 PM) This contest is from respective bank or from Paynet like previous JomPay contest? I think contest is across all banks that offer DuitNow https://www.thestar.com.my/metro/metro-news...in-rm1mil-home/ |
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