MEPS Instant Transfer (IBFT)

Customer Facilities

MEPS Instant Transfer (IBFT)

This service allows customers to transfer funds to/from savings/current account at other banks with i-Rakyat and ATM machines involved in the MEPS IBFT

Fee & Charges

INDIVIDUAL
ITEMSCHANNELS
IRAKYATMOBILE BANKINGATM
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 statementNot offering No
Operating hours24hrs 24hrs
Instant Transfer(InterBank)  
  • Free for instant transfer below RM5000
  • RM0.50 for instant transfer above RM5000
Transfer Fee(IntraBank)  
  • Free
NON INDIVIDUAL
ITEMSCHANNELS
IRAKYAT COMMERCEMOBILE BANKINGATM
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 CorporateNot 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 statementNot offering Not offering
Operating hoursNot 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

FOC for senior citizens and the disabled persons

Services

Customers can also make financing payments and credit cards through ATMs involved with IBFT MEPS. Banks involved are:

IST OF BANKAUTHORIZED TRANSACTION TYPE
SAVINGS/CURRENT ACCOUNTCREDIT/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

CREDITING TIMERECEIVED BY THE BENEFICIARY
INDIVIDUALNON INDIVIDUAL
Monday - FridayImmediateNot offering
Non-business daysImmediateNot offering

Transaction Limit

Limit cash withdrawals/transfers IBFT allowed is within the limit of cash withdrawals/transfers IBFT set by the bank/financial institution card holders.

Steps by Step Guides


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

*Terms and conditions apply.

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