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Interbank GIRO (IBG)

Interbank GIRO (IBG)

Transfer funds to savings/current accounts in other local banks/financial institutions

  • Daily transfer limit:

    RM30,000 (Share limit with IBFT)

  • Service Fee:

    RM0.11 (Inclusive of GST)

Benefits

  • Convenient and secure
  • Available to all registered Maybank2u users
  • Daily transfer limit of RM30,000
  • Daily transfer limit of RM10,000 for non-resident account

Banks and payment type

Crediting & return schedule

Fees & charges

Service fee: RM0.11 (Service fee RM0.10 + GST RM0.01)

Interbank GIRO (IBG) via M2U

  1. Key in your username at the login page and click "Next"

  2. Verify security image and key in password and click "Login"

  3. Go to "Accounts and Banking"

  4. Select "Transfer"

  5. Select "New interbank fund transfer"

  6. Choose "Recipient Bank"

  7. Key in amount and choose mode of transfer "Giro Interbank Fund Transfer"

  8. Enter recipient name, select "Transaction Type" and enter account number

  9. Recipient ID to be validated at the recipient bank option to choose "YES" or "NO"

  10. Key in recipient reference field (mandatory) and select "Continue"

  11. Transaction details will be displayed

  12. Request for Transaction Authorization Code (TAC). TAC will be sent to registered mobile phone number via SMS

  13. Key in the TAC and "Confirm" the transaction

  14. Transaction successful message is displayed

  15. Click on "Print Receipt" if receipt is required

Important Notice
Before completing the transaction, customers are to ensure the beneficiary account number keyed in is correct

Quick Registration

It's now that much easier to register an Interbank GIRO as a favorite! You can choose to add your favorites using our Manage/Add Favorites function, or just perform a Quick Registration. Just follow the instructions below:

  1. When making an Open Interbank GIRO, just click on the 'Add as Favorite Interbank GIRO' link to register the transfer as a favorite.

  2. Enter your Payment type, Account number, Recipient name and mobile number, as well as your preference for Recipient ID Validation.

  3. Click 'Continue'.

  4. Enter a TAC.

  5. Click 'Confirm' and the transfer will immediately be added to your favorite list.

* You can have a maximum of 50 favorite Interbank Accounts in your favorite list.

Recurring

Recurring is a service that allows customers to create transactions that repeat in a periodic manner (i.e. on a monthly basis) with a fixed amount.

Recurring Flow

  • The amount will be debited from the selected ‘Starting Date' and ‘End Date' after 5.00pm. However, the transaction depends on the available balance for the dates selected.
  • Recurring transfer will discontinue if user's Internet banking facility is inactive.
  • The service charge for Interbank GIRO remains at RM0.11 (including 6% GST).
  • The recurring frequency is ONLY available for monthly transaction.

Future Fund Transfer

Future Fund Transfer allows transfers on a specific date, selected by customers.

Future Fund Transfer Flow

  • The amount will be debited on the selected future date after 5.00pm. However, the transaction depends on the available balance of the effective date that you have selected.
  • The service charge for Interbank GIRO remains at RM0.11 (including 6% GST).
  • Customers are allowed to make transfers up to ONE (1) month from the current date.