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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 | ✓ |
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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.
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- Interbank Transfer (IBFT) via ATM (.pdf)
- Interbank Transfer (IBFT) via i-Rakyat (.pdf)
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 | ✓ |
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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.
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- Interbank Transfer (IBFT) via ATM (.pdf)
- Interbank Transfer (IBFT) via i-Rakyat (.pdf)
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.