Domestic Transfer

Interbank GIRO (IBG) Money Transfer in Malaysia


Interbank GIRO (IBG) is an electronic fund transfer payment system which allows transfer of money in between paticipating financial institutions within Malaysia. The IBG system is managed by MyClear, a subsidisary of Bank Negara Malaysia.

IBG fund transfer is secure, convenient and cost effective way to move fund between different banks. IBG Services allow customers to transfer fund between own or third party for the purpose of normal money transfer or payment to loan or credit card accounts.

Individual can perform IBG transaction via ATM machines or internet banking or over the counter. The maximium limit for fund transfer via internet banking is up to RM10,000 per day depending on banks, while over the counter IBG transfer can be as high as RM1,000,000.

The charges for IBG transfer is only RM1.00 for ATM machines transaction, RM0.10 for Internet Banking transactions and RM2.00 for transaction over the counter transaction.

Funds Availability for money transfer to Savings or Current Account.

Funds Transfer Funds Receive Refund
Day Time Day Time Day Time
Business Day (Monday to Friday) Before 5.00 am Same Day 11.00 am Same Day 5.00 pm
5.01 am – 8.00 am Same Day 2.00 pm Same Day 8.20 pm
8.01 am – 11.00 am Same Day 5.00 pm Same Day 11.00 pm
11.01 am – 2.00 pm Same Day 8.20 pm Next Business Day 11.00 am
2.01 pm – 5.00 pm Same Day 11.00 pm Next Business Day 11.00 am
After 5.00 pm Next Business Day 11.00 am Next Business Day 5.00 pm
Non-Business Day in Federal Territory Next Business Day 11.00 am Next Business Day 5.00 pm

For loan and credit card payments initiated up to and including 12.30pm (internet banking & OTC) or 10.45am (ATM) on Business Days, funds will be available in the beneficiary’s account before 12 midnight on the same business day.

Paticipating banks are Affin Bank, Agrobank, Alliance Bank, Al-Rajhi Bank, AmBank, Bank Islam, Bank of China (soon), Bank Rakyat, Bank Muamalat, Bank of America, Bank Simpanan Nasional, Bank of Tokyo – Mitsubishi UFJ, CIMB Bank, BNP Paribas, Citibank, Deutsche Bank, Hong Leong Bank, HSBC Bank, Industrial and Commercial Bank of China (ICBC), JP Morgan Chase, Kuwait Finance House, Maybank, Mizuho Corporate Bank, OCBC Bank, Public Bank, RHB Bank, The Royal Bank of Scotland (soon), Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank.

MEPS & HOUSe Shared ATM Network (SAN)


Currently, there are two (2) Shared ATM Network system operating in Malaysia namely MEPS & HOUSe.

MEPS Shared ATM Network enable bank customers to conveniently access their funds anywhere from any of the participating banks’ ATMs.

Customers of participating banks who are issued with chip-based Bankcard can use any ATM from any participating banks. There are more than 11,000 MEPS Shared ATMs with MEPS logo throughout Malaysia.

The network is shared by most of the commercial banks in Malaysia and can be used by
card holders to

  • Cash withdrawal
  • Balance enquiry
  • Interbank ATM funds transfer to current account and savings account, loan repayment, and credit card repayment
  • Interbank ATM mobile prepaid top-up

Customer will be charged from MEPS Shared ATM Network usage. The charges ranging from RM1 to RM4 depending on types of transaction and banks. Normally, the charge on cash withdrawal is RM1.

On top of ATM owned by participacing banks, MEPS Shared ATM Network also consists of while-label ATMs which are owned and managed by MEPS.

Among the participating banks within MEPS Shared ATM Network are Affin Bank, Alliance Bank, Al Rajhi Bank, Agro Bank, AmBank, Bank Islam, Bank Rakyat, Bank Muamalat, Bank Simpanan Nasional, CIMB Bank, Citibank, Hong Leong Bank, HSBC Bank, Kuwait Finance House, Maybank, OCBC Bank, Public Bank, RHB Bank, Standard Chartered Bank and United Overseas Bank.

The second Shared ATM Network, HOUSe is a separate ATM system. HOUSe network is shared by four locally-incorporated foreign banks. They are United Overseas Bank (Malaysia), OCBC Bank (Malaysia), HSBC Bank Malaysia and Standard Chartered Bank Malaysia.

Customers can have access to over 300 HOUSe ATMs nationwide to make balance inquiries or cash withdrawals. RM1 service fee will be charged for every successful cash withdrawal transaction.


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