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    IBGWindows New 2015

    Uploaded by

    Adam Doy
    This document outlines the interbank giro (IBG) cut-off times for fund transfers between bank accounts. It states that funds will reach the recipient's account on the same day if the transfer is initiated before 5 PM, and by the next business day if initiated after. The maximum single transfer amount is RM50,000 per day, except for external accounts which is RM10,000. Refunds will be processed by the next business day if the transfer date is non-business day or the funds were not credited by the recipient by the specified cut-off times.

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    IBGWindows New 2015

    Uploaded by

    Adam Doy
    4 views1 page
    This document outlines the interbank giro (IBG) cut-off times for fund transfers between bank accounts. It states that funds will reach the recipient's account on the same day if the transfer is initiated before 5 PM, and by the next business day if initiated after. The maximum single transfer amount is RM50,000 per day, except for external accounts which is RM10,000. Refunds will be processed by the next business day if the transfer date is non-business day or the funds were not credited by the recipient by the specified cut-off times.

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    IBGWindowsNew2015

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    This document outlines the interbank giro (IBG) cut-off times for fund transfers between bank accounts. It states that funds will reach the recipient's account on the same day if the transfer is initiated before 5 PM, and by the next business day if initiated after. The maximum single transfer amount is RM50,000 per day, except for external accounts which is RM10,000. Refunds will be processed by the next business day if the transfer date is non-business day or the funds were not credited by the recipient by the specified cut-off times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    4 views1 page

    IBGWindows New 2015

    Uploaded by

    Adam Doy
    This document outlines the interbank giro (IBG) cut-off times for fund transfers between bank accounts. It states that funds will reach the recipient's account on the same day if the transfer is initiated before 5 PM, and by the next business day if initiated after. The maximum single transfer amount is RM50,000 per day, except for external accounts which is RM10,000. Refunds will be processed by the next business day if the transfer date is non-business day or the funds were not credited by the recipient by the specified cut-off times.

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    © All Rights Reserved
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    of 1

    INTERBANK GIRO (IBG) CUT OFF TIME

    When will the funds reach the recipient banks account?

    Recipient Banks
    Transfer Day/Time *Refund Time
    Crediting Time

    Before 5:00 am Same day By 11:00 am Same day By 5:00 pm

    5:01 am - 8:00 am Same day By 2:00 pm Same day By 8:20 pm

    Business Days 8:01 am - 11:00 am Same day By 5:00 pm Same day By 11:00 pm
    (Mon – Fri) 11:01 am - 2:00 pm Same day By 8:20 pm Next business day By 11:00 am

    2:01 pm - 5.00 pm Same day By 11:00 pm Next business day By 11:00 am

    After 5.00 pm Next business day By 11:00 am Next business day By 5:00 pm

    Non-business Days Next business day By 11:00 am Next business day By 5:00 pm

    Is there a maximum amount that I can transfer?


    You may perform IBG Transfer up to RM50,000 per day.

    Note:
     IBG maximum limit for external account still remain RM10,000.
     If customer initiates an IBG transfer today up to and including 5.00 pm, the paying customer will receive the returned funds on the *next business
    day by 11.00 am
     Scheduled IBG transfers will still follow the Transfer date set by customer, however,
    o If Transfer date falls on a Business Day, crediting time will be same day by 11:00am and refund time will be same day by 5:00pm.
    o If Transfer date falls on a Non-business Day, crediting time will be next business day by 11:00am and refund time will be next business
    day by 5:00pm.

    *Under normal circumstance

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