IBG Transfer Public Bank

Public Bank, one of the leading banks in the country, offers IBG transfer services to its customers. IBG transfer is a convenient and secure way to transfer funds, and it is widely used for various purposes.

How long does IBG transfer take for Public Bank?

An Interbank GIRO (IBG) transfer with Public Bank in Malaysia typically takes about 1 to 2 business days to be processed and completed.

However, the actual processing time may vary depending on factors such as the receiving bank’s processing schedule and cut-off times.

What is Public Bank IBG transfer time and schedule?

Here are the IBG transfer time and schedule for Public Bank customers:

1. Payment Initiated by Public Bank Customers via PBe
   • Before 5:00 a.m.: Same business day, funds received by beneficiaries by 11:00 a.m.
   • 5:01 a.m. to 8:00 a.m.: Funds received by 2:00 p.m.
   • 8:01 a.m. to 11:00 a.m.: Funds received by 5:00 p.m.
   • 11:01 a.m. to 2:00 p.m.: Funds received by 8:20 p.m.
   • 2:01 p.m. to 5:00 p.m.: Funds received by 11:00 p.m.
   • After 5:00 p.m.: Next business day, funds received by 11:00 a.m.
2. Non-Business Days (Saturday, Sunday, and Federal Territory Public Holiday)
   • Next business day, funds received by 11:00 a.m.
3. Applicable for all IBG payments and funds transfer to Current Accounts and Savings Accounts.
4. Loan and credit card payments initiated up to and including 5:00 p.m. on Business Days:
   • Funds will be available in the beneficiary’s account before 12:00 midnight on the same day.

The above timelines are applicable under normal circumstances.

Now you know exactly when your funds will be available after an IBG transfer. Plan your transactions accordingly and enjoy hassle-free banking!

Why does Public Bank IBG transfer take so long?

Generally, IBG transfers may take longer than other types of transfers because they are processed in batches and not in real time.

This means the transfer may take up to two business days to complete.

The processing time may also depend on the recipient bank’s processing time and any intermediary banks involved in the transfer.

What is Public Bank IBG transfer limit?

Here are the transfer limit using Interbank GIRO:

1. Public Bank Accounts:

• Transfer to Own Account: Unlimited
• Transfer to Other Accounts: Up to RM50,000 (with PB SecureSign or SecureSign Token)

2. Other Bank Accounts:

• Interbank GIRO (IBG): Up to RM50,000 (with PB SecureSign or SecureSign Token)
• DuitNow Transfer: Up to RM50,000 (with PB SecureSign or SecureSign Token)

Note:

• For PBe Personal Banking (Individual/Joint/Sole Proprietor) customers, the daily fund transfer limit can be adjusted online at Profile Maintenance/Manage Profile/Change Limit/Change Daily Limit, with a maximum limit of RM50,000.00.
• Single transaction limits:
  • PB SecureSign (Push Notification): Up to RM10,000
  • PB SecureSign (SecurePAC): Up to RM50,000
  • SecureSign Token: Up to RM50,000

Stay informed about the daily fund transfer limits to ensure hassle-free transactions!

How do I check my Public Bank IBG transfer status?

You can check your Public Bank IBG transfer status by following these steps:

1. Log in to your Public Bank online banking account.
2. Click on the “Transaction History” tab.
3. Select “IBG Transfer” from the drop-down menu.
4. Enter the date range for the transfer you want to check.
5. Click on “Search” to view the status of your IBG transfer.

Alternatively, you can contact Public Bank customer service for assistance in checking your IBG transfer status.

How do I know if Public Bank my IBG transfer is successful?

You can check the status of your IBG transfer by logging into your Public Bank online banking account or by contacting their customer service hotline.

You should receive a confirmation message or email once the transfer is successful.

Can Public Bank IBG transfer be cancelled?

No, once a Public Bank IBG transfer has been initiated, it cannot be cancelled.

It is important to ensure that all details are correct before initiating the transfer.

If there is an error in the transfer, the recipient may need to return the funds or the sender may need to contact Public Bank customer service for assistance.

Which bank can I transfer using Interbank GIRO from Public Bank?

Here are the list of banks that you can transfer to via IBG:

1. Affin Bank Berhad
2. Affin Islamic Bank Berhad
3. Agrobank Berhad
4. Alliance Bank Malaysia Berhad
5. Alliance Islamic Bank Malaysia Berhad
6. Al-Rajhi Bank (Malaysia) Berhad
7. AmBank (M) Berhad
8. AmIslamic Bank (M) Berhad
9. Bangkok Bank Berhad
10. Bank Islam Malaysia Berhad
11. Bank Kerjasama Rakyat Malaysia Berhad
12. Bank Muamalat (Malaysia) Berhad
13. Bank of America (Malaysia) Berhad
14. Bank of China (Malaysia) Berhad
15. MUFG Bank (Malaysia) Berhad
16. Bank Simpanan Nasional Berhad
17. BNP Paribas Malaysia Berhad
18. China Construction Bank (Malaysia) Berhad
19. CIMB Bank Berhad
20. CIMB Islamic Bank Berhad
21. Citibank Berhad
22. Deutsche Bank (M) Berhad
23. Hong Leong Bank Berhad
24. HSBC Bank Malaysia Berhad
25. RHB Bank Berhad

What are the best practices in transferring money from Public Bank to other banks?

I don’t have personal experience or preferences. However, here are some general best practices for transferring money from Public Bank to other banks:

1. Use online banking: Public Bank offers online banking services that allow you to transfer money to other banks easily and securely. This is the most convenient and efficient way to transfer money.

2. Check the recipient’s details: Before initiating the transfer, make sure you have the correct recipient’s details, including their bank account number and name. Double-check the information to avoid any errors.

3. Verify the transfer limit: Public Bank has a daily transfer limit, so make sure you verify the limit before initiating the transfer. If you need to transfer a larger amount, you may need to do it in multiple transactions.

4. Choose the right transfer method: Public Bank offers several transfer methods, including instant transfer, interbank GIRO, and MEPS. Choose the method that suits your needs and budget.

5. Keep a record of the transaction: After completing the transfer, make sure you keep a record of the transaction, including the date, time, and amount transferred. This will help you track your finances and avoid any discrepancies.