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 Instant Transfer (DuitNow) & Interbank Giro (IBG)

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vgodmax
post Jun 12 2012, 01:52 PM

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Junior Member
179 posts

Joined: Jul 2008


QUOTE(echoesian @ Apr 23 2012, 10:39 AM)
Limit is 5k for online transfer/ATM, but how about over the counter?
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QUOTE(jtiasa88 @ May 3 2012, 10:17 AM)
i am using standard chartered bank esaver account, cost me 0.50/ibg transaction and regardless of how many times you use. Unlike basic saving account, u enjoy 2 times @ 0.50 each month. Sending limit is also higher as RM9999.99 per day. thus, if u r the frequent user of ibg, suggest to open one esaver account with SC bank. just sharing.
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This is what I found for SCB:

Over the counter
a. Visit any of Standard Chartered branches
b. Request to perform MEPS IBG
c. Fill in the application form
You can transfer up to RM 50,000 per transaction over the counter.

I wonder what is the DAILY limit instead?


This post has been edited by vgodmax: Jun 12 2012, 01:56 PM
vgodmax
post Jun 12 2012, 10:43 PM

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Junior Member
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Joined: Jul 2008


QUOTE(MilesAndMore @ Jun 12 2012, 03:06 PM)
But the StanChart fees and charges table states that one can transfer up to only RM9,999.99 per transaction OTC. Anything more than that you'll have to perform it multiple times, giving StanChart a chance to charge you the IBG fees several times    biggrin.gif    But luckily their IBG fee is only RM0.50/transfer which is some of the lowest in Malaysia. So it's ok-lah i guess    sweat.gif
The daily MEPS IBG limit for HSBC internet banking is RM40,000/day. All banks seem to have a different policy.

Anyway, the daily MEPS IBG limit set my MEPS itself is RM100k/day actually, if my memory serves me correctly. I remembered reading this somewhere a while ago.
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MEPS Interbank Giro (IBG)

Transfer funds and make payments to Standard Chartered or other bank accounts at literally every corner!

Always wanted the option to transfer funds from your Standard Chartered Savings or Current Accounts to other bank accounts? Or pay your Standard Chartered Credit Card bills and mortgage instalments from your accounts in other banks? Now you can, through any of the following convenient channels with MEPS Interbank Giro (IBG):

Over the counter
a. Visit any of Standard Chartered branches
b. Request to perform MEPS IBG
c. Fill in the application form
You can transfer up to RM 50,000 per transaction over the counter.

Call Phone Banking at 03-7711 8888
a. Select preferred language
b. Press '1' for Account Enquiries and Transactions
c. Enter Phone Banking ID and TIN
d. Press '1' for Current, Savings and Time Deposit Accounts
e. Press '3' for Funds Transfer service
f. Press '3' to perform Inter Bank Funds Transfer
You can transfer up to RM 6,000 per account in a day.

Fund Transfers
a. Customer Input PIN
b. Select 'Others'
c. Select 'IBG'
d. Select either Fund Transfer , Loan Repayment , Card Repayment
e. Select either to debit from Savings or Current Account
f. Select Payment Bank
g. Input account number to be credited
h. Input Amount
i. Once Accepted. Print Receipt
You can transfer up to RM 6,000 per account in a day.


Note:
1. Beneficiary must be registered over the branch
2. Each IBG transaction will cost RM 0.50 for Basic Savings and Current Account, all other type of Savings and Current Account will cost RM 2.00

Source: http://www.standardchartered.com.my/person...nking-lobby/en/

 

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