IBG transfer is a popular method of transferring funds between bank accounts in Malaysia. It stands for Interbank Giro Transfer and is a convenient way to send money to anyone with a bank account in the country. RHB Bank is one of the leading banks in Malaysia that offers IBG transfer services to its customers.
With IBG transfer, customers can transfer funds quickly and securely to any bank account in Malaysia, without the need for physical cash or cheques. This service is available to both individuals and businesses, making it a versatile and reliable option for all types of transactions.
How long does IBG transfer take for RHB Bank?
IBG (Interbank GIRO) transfers for RHB Bank typically take between 1 to 2 working days to be processed. However, the actual processing time may vary depending on the receiving bank and other factors.
Why does RHB 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 processing time.
Additionally, the time it takes for the transfer to be completed may depend on factors such as the recipient bank’s processing times and any intermediary banks involved in the transfer.
It is best to contact RHB Bank directly for more information on the specific reasons for any delays in IBG transfers.
What is the charge for RHB Bank IBG Transfer?
The RHB Bank transfer charges and schedule is as follows.
- For the transfer type of IBG and DuitNow – Pay to account, the transfer charges are RM0.00 per transaction.
- This implies that there are no charges incurred for each transaction for these types of transfers.
What is the RHB Bank transfer schedule?
The RHB Bank has a specific transfer schedule for both IBG and DuitNow – Pay to Account transactions.
From Monday to Friday, if the transfer is made before 5.00am, the funds will be available at the beneficiary bank by 11.00am and any refund for unsuccessful IBG transactions will be made on the same day.
If the transfer is made at any time between 5.01am and 8.00am, the funds will be available by 2.00pm, and the refund will be made by 8.20pm.
For transfers made between 8.01am and 11.00am, the funds will be available by 5.00pm, and refunds will be made by 11.00pm.
Transfers made between 11.01am and 2.00pm will have the funds available by 8.20pm and refunds will be made by 11.00am the next business day.
Transfers made between 2.01pm and 5.00pm will have the funds available by 11.00pm.
Any transfers made after 5.00pm, the funds will be available by 11.00am the next business day, and any refund for unsuccessful IBG transactions will be made by 5.00pm the next business day.
On Saturdays, Sundays, and Federal Territory Public Holidays, any transfers made at any time will have the funds available by the next business day.
Any refunds for unsuccessful transactions will be immediate and will be made by 5.00pm the next business day.
However, these timescales are dependent on normal circumstances.
How do I check my RHB Bank IBG transfer status?
You can check the status of your RHB Bank IBG transfer by logging into your RHB Bank online banking account or by contacting RHB Bank customer service.
How do I know if RHB Bank my IBG transfer is successful?
You can check the status of your IBG transfer by logging into your RHB Bank online banking account or contacting their customer service hotline.
You should receive a confirmation message or email once the transfer is successful.
Can RHB Bank IBG transfer be cancelled?
No, once an IBG transfer has been initiated by RHB Bank, it cannot be cancelled.
However, if the recipient bank account number or other details are incorrect, the transfer may be rejected and the funds will be returned to the sender’s account.
It is important to double-check all details before initiating an IBG transfer to avoid any errors.
What are the best practices in transferring money from RHB Bank to other banks?
Here are some general best practices for transferring money from RHB Bank to other banks:
- Ensure that you have the correct recipient’s bank account number and other necessary details such as the recipient’s name, bank name, and branch code.
- Check the transfer fees and exchange rates before initiating the transfer. RHB Bank may charge a fee for the transfer, and the exchange rate may affect the amount received by the recipient.
- Choose the appropriate transfer method. RHB Bank offers various transfer methods such as online banking, mobile banking, and over-the-counter transactions. Choose the method that is most convenient and secure for you.
- Double-check the transfer details before confirming the transaction. Ensure that the recipient’s details are correct, and the transfer amount is accurate.
- Keep a record of the transaction. Save the transaction receipt or confirmation message for future reference.
- Be aware of the transfer processing time. The transfer may take a few hours or up to several business days to complete, depending on the recipient’s bank and the transfer method used.
- Contact RHB Bank customer service if you encounter any issues or have questions about the transfer process.