Services
| INDIVIDUAL | |||
|---|---|---|---|
| ITEMS | CHANNELS | ||
| IRAKYAT | MOBILE BANKING | ATM | |
| Fees and Charges (RM per transaction) | RM0.50 | RM0.50 | |
| Daily transaction limit (RM per day) |
RM50,000 (combined limit with IBG) |
RM55,000 combined limit(Instant transfer, TH, SSPN, IBG, Withhdrawal) | |
| Payment reference | |||
| Availability of payee's name and transaction in beneficiaries' bank statement. | Not offering | Yes | |
| Availability of beneficiaries' names and payment references in payers' bank statement | Not offering | No | |
| Operating hours | 24hrs | 24hrs | |
| Instant Transfer(InterBank) |
|
||
| Transfer Fee(IntraBank) |
|
||
| NON INDIVIDUAL | |||
|---|---|---|---|
| ITEMS | CHANNELS | ||
| IRAKYAT COMMERCE | MOBILE BANKING | ATM | |
| Fees and Charges (RM per transaction) | |||
| Sole-proprietors, partnership, SME 1 and Other corporate |
Not offering |
Not offering | |
| Maximum Transaction Limit (RM per transaction) | |||
| Sole-proprietors, partnership and SME 1 and Other Corporate | Not offering | Not offering | |
| Payment reference | |||
| Availability of payee's name and transaction in beneficiaries' bank statement. | Not offering | Not offering | |
| Availability of beneficiaries' names and payment references in payers' bank statement | Not offering | Not offering | |
| Operating hours | Not offering | Not offering | |
1. For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers
Note: *6% GST is paid by Bank Rakyat.
Charge stated is including 6% GST, if any
Customers can also make financing payments and credit cards through ATMs involved with IBFT MEPS. Banks involved are:
| LIST OF BANK | AUTHORIZED TRANSACTION TYPE | |
|---|---|---|
| SAVINGS/CURRENT ACCOUNT | CREDIT/FINANCING REPAYMENT/FINANCING | |
| Affin Bank |
✓
|
✓
|
| Agrobank |
✓
|
✓
|
| Al Rajhi Bank |
✓
|
✓
|
| Alliance Bank |
✓
|
✓
|
| AmBank |
✓
|
✓
|
| Bank Islam |
✓
|
✓
|
| Bank Muamalat Malaysia Berhad |
✓
|
✓
|
| Bank Rakyat |
✓
|
✓
|
| Bank Simpanan Nasional |
✓
|
✓
|
| CIMB Bank |
✓
|
✓
|
| Citibank |
✓
|
✓
|
| Hong Leong Bank |
✓
|
✓
|
| HSBC |
✓
|
✓
|
| Kuwait Finance House |
✓
|
✓
|
| Maybank |
✓
|
✓
|
| OCBC |
✓
|
✓
|
| Public Bank |
✓
|
✓
|
| RHB Bank |
✓
|
✓
|
| Standard Chartered |
✓
|
✓
|
| UOB |
✓
|
✓
|
Transactions are in real-time online where the funds will be credited to the payee's account as soon as the transfer process is completed.
| CREDITING TIME | RECEIVED BY THE BENEFICIARY | |
|---|---|---|
| INDIVIDUAL | NON INDIVIDUAL | |
| Monday - Friday | Immediate | Not offering |
| Non-business days | Immediate | Not offering |
Limit cash withdrawals/transfers IBFT allowed is within the limit of cash withdrawals/transfers IBFT set by the bank/financial institution card holders.