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.