IBG transfer is a popular method of transferring funds between bank accounts in Malaysia. It stands for Interbank Giro Transfer and is a secure and convenient way to transfer money electronically.
Affin Bank is one of the leading banks in Malaysia that offers IBG transfer services to its customers. With IBG transfer, customers can transfer funds to any bank account in Malaysia, regardless of the bank they hold their account with.
Affin Bank IBG transfer
How long does IBG transfer take for Affin Bank?
You can refer to the IBG (Interbank GIRO) transfer time for Affin Bank here:
- Monday-Friday Transactions: For transactions made before 5.00 am, funds will be received on the same business day, and refunds for unsuccessful transactions will be made by 5.00 pm.
- Early Morning Transactions: For transactions made between 5.01 am and 8.00 am, funds will be received by 2.00 pm, and refunds for unsuccessful transactions will be made by 8.20 pm.
- Mid-Morning Transactions: For transactions made between 8.01 am and 11.00 am, funds will be received by 5.00 pm, and refunds for unsuccessful transactions will be made by 11.00 pm.
- Early Afternoon Transactions: For transactions made between 11.01 am and 2.00 pm, funds will be received by 8.20 pm, and refunds for unsuccessful transactions will be made by 11.00 am the next business day.
- Late Afternoon Transactions: For transactions made between 2.01 pm and 5.00 pm, funds will be received by 11.00 pm.
- After Hours Transactions: For transactions made after 5.00 pm, funds will be received on the next business day, and refunds for unsuccessful transactions will be made by 5.00 pm.
- Non-Business Days Transactions: For transactions made on non-business days (Saturday, Sunday, and Federal Territory Public Holidays), funds will be received by 11.00 am on the next business day, and refunds for unsuccessful transactions will be made by 5.00 pm.
- Crediting Time: The time at which the funds are received by the beneficiaries.
- Refund for Unsuccessful Transactions: The time by which you can expect a refund in case of an unsuccessful transaction.
- Normal Circumstances: The above-listed times are applicable under normal circumstances. Delays may occur due to unforeseen events or technical issues.
Affin Bank IBG Fees and Charges per Transaction
- Internet banking: RM0.10 per transaction
- Mobile banking: Not applicable
- ATM: RM0.10 per transaction
- Over-the-counter (OTC): RM 2.00 per transaction
Affin Bank IBG Daily Transaction Limit
- Internet banking: RM 50,000 combined limit with IBFT
- Mobile banking: Not applicable
- ATM: RM 50,000 combined limit with IBFT
- OTC: RM 1,000,000
Affin Bank IBG Payment Reference Availability
(i) Payers’ names and payment references in beneficiaries’ bank statement
- Internet banking: Yes
- Mobile banking: Yes
- ATM: Yes
- OTC: Yes
(ii) Beneficiaries’ names and payment references in payers’ bank statement
- Internet banking: Yes
- Mobile banking: Not applicable
- ATM: Not applicable
- OTC: Yes
Can I Make IBG Future-Dated Payments with Affin Bank?
- Internet banking: Yes
- Mobile banking: Not applicable
- ATM: Not applicable
- OTC: No
What is the Operating Hours of IBG via Affin Bank?
- Internet banking: 24/7
- Mobile banking: Not applicable
- ATM: 24/7
- OTC: Banking hours
Why does Affin Bank IBG transfer take so long?
Generally, IBG transfers may take longer than other types of transfers because they are processed in batches and may require additional verification and clearance processes.
Additionally, the time it takes for the transfer to be completed may depend on factors such as the amount being transferred, the recipient bank’s processing times, and any potential delays or errors in the transfer process.
It is best to contact Affin Bank directly for more information on their specific processes and timelines for IBG transfers.
How do I check my Affin Bank IBG transfer status?
You can check the status of your Affin Bank IBG transfer by logging into your Affin Bank online banking account or by contacting Affin Bank customer service.
How do I know if Affin Bank my IBG transfer is successful?
You can check the status of your IBG transfer by logging into your Affin Bank online banking account or by contacting their customer service hotline.
You should receive a confirmation message or email from Affin Bank once the transfer is successful.
Can Affin Bank IBG transfer be cancelled?
In general, IBG transfers can be cancelled if the recipient has not yet received the funds.
The cancellation process may vary depending on the bank’s policies and the specific circumstances of the transfer.
It is best to contact Affin Bank directly to inquire about their cancellation policies and procedures.
What are the best practices in transferring money from Affin Bank to other banks?
I don’t have personal experience or preferences. However, here are some general best practices for transferring money from Affin Bank to other banks:
1. Ensure that you have sufficient funds in your Affin Bank account to cover the transfer amount and any associated fees.
2. Verify the recipient’s bank account details, including the account number, bank name, and branch code, to avoid any errors or delays in the transfer.
3. Choose a secure and reliable transfer method, such as online banking or mobile banking, that offers encryption and authentication features to protect your transaction.
4. Set up a strong password and two-factor authentication for your online banking account to prevent unauthorized access.
5. Double-check the transfer details before submitting the transaction to ensure accuracy and completeness.
6. Keep a record of the transaction, including the transfer amount, date, and reference number, for future reference and tracking.
7. Monitor your account balance and transaction history regularly to detect any unauthorized or fraudulent activity.
8. Contact Affin Bank’s customer service or support team immediately if you encounter any issues or concerns with your transfer.