Fund Transfer Services


A) Local Fund Transfer Services
1. RENTAS

Features / Benefits

  • Transfer of high value interbank fund within Malaysia amongst participating banks.
  • Currency involved – Ringgit Malaysia (MYR) only
  • Real-time/instant fund transfer

Services Available Via : -

  • Over-the-Counter (OTC) in all branches
  • Corporate Internet Banking (CIB) (Coming Soon)

Transaction Limits

The minimum amount is RM10,000.00.

Fees & Charges

Types of Transactions Amount
Outward RENTAS RM5.00 per transaction
Inward RENTAS Nil

Fees and charges will be waived for government bodies.

Processing Cut-Off Time

The processing cut-off time is 3:00pm on working days. Transactions performed after cut-off time/during holiday will be processed on the next working day (Kuala Lumpur). Beneficiary will receive the remitted fund on the same day.

2. Interbank GIRO (IBG)

Features / Benefits

  • A transfer and payment platform in Malaysia which allows fund transfer between over 40 IBG member banks
  • No minimum transfer amount
  • Minimal cost
  • Fast, safe and convenient

Services Available Via : -

  • Over-the-Counter (OTC) in all branches
  • Internet Banking (Coming Soon)
  • ATM/CRM (Coming Soon)
  • Mobile Banking (Coming Soon)

Transaction Limits

Channels Available Transaction Limit Daily Limit
OTC RM1,000,000.00 No limit *
ATM/CRM RM50,000.00 RM50,000.00
Internet Banking RM50,000.00 RM50,000.00
Mobile Banking

* Subject to Bank's approval.

Fees & Charges

Types of Fees & Charges Channels Available
OTC ATM/CRM Internet Banking Mobile Banking
Transfer Charges RM0.30 RM0.30 RM0.10 RM0.10
Recovery of Funds Charges RM2.00

Processing Time

Customers can perform transactions OTC during banking hours and anytime via ATM/CRM, Internet Banking, and Mobile Banking. Depending on when the transaction is performed, beneficiaries will receive the fund as timing indicated below:

Payment Initiated by Customers Funds Received by Beneficiaries Refund for Unsuccessful Transactions
Business Days (Monday - Friday) Before 5:00am Same business day By 11:00am By 5:00pm
5:00am - 8:00am By 2:00pm By 8:20pm
8:01am - 11:00am By 5:00pm By 11:20pm
11:01am - 11:00am By 8:20pm By 11:00am, next business day
2:01pm - 11:00am By 11:00pm
After 5:00pm Next business day By 11:00am By 5:00pm
Non-Business Days (Saturday, Sunday and Federal Territory Public Holidays) Next business day By 11:00am By 5:00pm


B) Foreign Fund Transfer Services
SWIFT

Features / Benefits

  • Transfer in foreign currencies
  • No minimum / maximum* amount
  • Fast, efficient, accurate, and secure

Note: * Subject to Bank’s approval

Services Available Via : -

  • Over-the-Counter (OTC) in all branches
  • Retail Internet Banking (RIB) (Coming Soon)
  • Corporate Internet Banking (CIB) (Coming Soon)

Fees & Charges

Types of Fees & Charges Amount
Current Effective 1 Nov 2018
Up to RM5,000 More than RM5,000 Up to RM5,000 More than RM5,000
Inward TT USD5 RM10.00
Outward TT Cost of wire: RM30.00*
Commission: RM10.00*
Cost of wire: RM30.00*
Commission: Nil
Cost of wire: RM30.00*
Commission: RM5.00*
Cost of wire: RM30.00*
Commission: Nil
Cancellation/ Amendment Nil RM30.00

Note: * Prices are exclusive of SST.

Currencies Available

Currently, the bank offers transactions in following currencies:

UAE Dirham AED
Bahraini Dinar BHD
Euro EUR
British Pound GBP
Indonesian Rupiah IDR
Japanese Yen JPY
Qatari Riyal QAR
Saudi Riyal SAR
Singapore Dollar SGD
Thai Baht THB
United States Dollar USD

Processing Cut-Off Time

The processing cut-off time is 4:00pm on working days. Transactions performed after cut-off time/during holidays will be processed on the next working day. Beneficiary’s account will be credited within 2 to 7 days.

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