Interbank Giro (IBG)

Interbank GIRO (IBG) is an interbank fund transfer system provided by Payments Network Malaysia Sdn Bhd (PayNet).

Channels
GO Mobile Banking Internet Banking TAP Mobile Banking-i ATM Branch
Daily Transaction Limit RM50,000
(shared limit)
RM50,000
(shared limit)
RM30,000
(shared limit)
RM30,000
(shared limit)
RM500,000
Payment Reference
Availability of payers’ names and payment references in beneficiaries’ bank statement Yes Yes Yes Yes Hardcopy statement – Yes
Availability of beneficiaries’ names and payment references in payers’ bank statement Yes Yes Yes Yes Hardcopy statement – Yes
Recurring Payment No No No No Yes
Future-Dated Payment
Note: We will process all future-dated payment in Window 1 of the date set by the payer, subject to the “Funds Availability” below
No Yes No No Yes
Operating Hours 24 hours 24 hours 6am – 12 midnight 24 hours Banking hours

Funds Availability
Days Transaction cut-off time Funds availability* (by 12:00 midnight) Refund for Unsuccessful Transaction
Business Day (Monday – Friday) Window 1: Before 5:00am Same Day By 11:00am Same Day By 5:00pm
Window 2: 5:01am to 8:00am Same Day By 2:00pm Same Day By 8:00pm
Window 3: 8:01am to 11:00am Same Day By 5:00pm Same Day By 11:00pm
Window 4: 11:01am to 2:00pm Same Day By 8:00pm Next Business Day By 11:00am
Window 5: 2:01pm to 5:00pm Same Day By 11:00pm Next Business Day By 11:00am
After 5:00pm: Funds will be credited on Window 1 next business day Next Business Day By 11:00am Next Business Day By 5:00pm
Non-Business Day(Saturday, Sunday and Federal Territory Public Holidays) Next Business Day By 11:00am Next Business Day By 5:00pm

* Note: The exact time of funds availability depends on the receiving Financial Institution.


Fees and Charges
GO Mobile Banking Internet Banking TAP Mobile Banking-i ATM Branch
Fees and Charges RM0.10 RM0.10 RM0.10 RM0.30

Basic Current and Savings Account:

RM0.50 (First 2 transactions of the month)

RM2.00 (subsequent transactions)


Other Current, Savings and Transactional Investment Account: RM2.00


List of Participating Financial Institutions / Banks

Click here to download List of Participating Financial Institutions / Banks