Channel / i-bizRAKYAT

What Is i-bizRAKYAT

i-bizRAKYAT is an internet banking platform from Bank Rakyat, specifically designed for institutional customers (i.e. Cooperative / society / corporate / companies / organization) to perform online banking transactions).

ACCOUNT MANAGEMENT Assist you to manage your company’s account.
RENTAS Real Time 3rd party payment/funds transfer via RENTAS subject to minimum transaction amount of RM10,000.
BULK TRANSACTIONS This feature will enable transaction to be done in bulk i.e payment for dividend, suppliers, etc.
FUND TRANSFER (INTRABANK & INTERBANK) The Intrabank Service will enable funds to be transmitted to your other accounts or 3rd party accounts within Bank Rakyat. The interbank fund transfer via IBG will enable fund transfer to your accounts or 3rd party accounts at other banks via Paynet Interbank Giro (IBG) subject to maximum amount of RM 500,000 for each transaction.
BILL PAYMENT This function allows you to:
1) Pay utilities
2) Donate to charity organization of your choice
PAYROLL PAYMENT Use this facility to perform salary payment.
REMITTANCE FOREIGN TT This service will enable remittance of fund to overseas.
ZAKAT PAYMENT Zakat payment to Pusat Zakat is possible.
FINANCING PAYMENT This function enables you to manage your financing facility with Bank Rakyat.
FPX DIRECT DEBIT PAYMENT FPX is an online platform for payments or purchases of goods and services for both customers and merchants. It is a project spearheaded by Bank Negara Malaysia to create an efficient Internet-based online payment gateway for business-to-business (B2B) or business-to-customer (B2C) participants.

RENTAS RM 2.00 per transaction
Bulk Transaction Free
Intrabank Transfer Free
Interbank Fund Transfer (IBG) RM 0.10 per transaction
Bill Payment Free except for the following agencies : 
  • Majlis Daerah Jasin 
  • MARA 
  • Perbadanan Bekalan Air Pulau Pinang
  • Perbadanan Tabung Pembangunan Kemahiran (PTPK)
  • TEKUN 
  • Yayasan Sarawak
  • MERCY Malaysia
  • Yayasan Canselor (Dana Waqaf) UKM
Payroll Payment Free
Remittance Foreign TT RM 22 per transaction
Zakat Payment Free
Financing Payment Free
FPX Direct Debit Payment To Be Notified

Services Transaction Time Received by the Beneficiary Refund Time
Intrabank Fund Transfer Monday – Friday Immediately Not Applicable
Non-business days
Interbank GIRO (IBG) Monday - Friday
  Before 5.00 am Same day By 11.00 am By 5.00 pm
  5.01 am – 8.00 am Same day By 2.00 pm By 8.20 pm
  8.01 am – 11.00 am Same day By 5.00 pm By 11.00 pm
  11.01 am – 2.00 pm Same day By 8.20 pm By 11.00 am, next business day
  2.01 pm – 5.00 pm Same day By 11.00 am
  After 5.00 pm Next business day By 11.00 am By 5.00 pm
  Non-business days (Saturday, Sunday and Federal Territory Public Holidays) Next business day By 11.00 am By 5.00 pm
RENTAS Monday – Friday Immediately 8 am – 6 pm business day
Non-business days Not offering

The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.

For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

*Terms and conditions apply.