MEPS Interbank GIRO

CONSUMER

1. How does it work?

For individual customers, there are three options:

Option 1 – Internet banking

  • Customers can make interbank fund transfer and payment via MEPS IBG through their preferred Internet Banking websites.

Option 2 – Via bank branch

  • Visit any MEPS IBG participating bank branch and fill in the Interbank GIRO form. The details required for the form include beneficiary’s name, account number and the amount to be transferred.
  • Upon completion of the form and an indication of the mode of payment i.e. cash or direct debiting from current/savings account, the bank will process your request.

Option 3 – Phone Banking

  • Customers can also make use of Phone Banking services provided by MEPS IBG participating banks (selected banks) for their MEPS IBG services requirement.

For corporate customers :
Fund transfers can be made through MEPS IBG participating banks via pre-agreed media such as CD, diskette, file transfer, Internet or any other electronic means accepted by the bank.

2. Which financial institution is offering the MEPS IBG service?

You can go to any of these financial institutions:

  • Affin Bank
  • Agrobank
  • Alliance Bank
  • AmBank
  • Bank Islam
  • Bank Muamalat
  • Bank Rakyat
  • Bank of America
  • Bank Simpanan Nasional
  • CIMB Bank
  • Citibank
  • Deutsche Bank
  • EON Bank
  • Hong Leong Bank
  • HSBC Bank
  • J.P. Morgan
  • Kuwait Finance House
  • Maybank
  • OCBC Bank
  • Public Bank
  • RHB Bank
  • Royal Bank of Scotland
  • Standard Chartered Bank
  • Sumitomo Mitsui Banking Corporation
  • UOB Bank
3. Who can use the MEPS IBG service?

All MEPS IBG participating banks’ customers and corporations can enjoy this service.

4. Is there a maximum amount that I can transfer using the MEPS IBG service?
  • Via bank branch – the maximum amount for each transfer is RM500,000.00.
  • Via Internet banking – the maximum amount is according to individual banks’ Internet banking terms and conditions and subject to a maximum of RM500,000 per transaction.
5. What is the MEPS IBG service fee for the customer/corporation?

The fee is subject to the individual bank’s terms and condition.

6. Who pays for the fees?

The fee will be levied to the customer/corporation who initiates the payment.

7. What happens if the information provided is not accurate e.g. invalid or wrong beneficiary account number?

The transaction will be rejected by the receiving beneficiary bank.