E-Payment for Businesses

 Interbank Funds Transfer (IFT)

Items Channels
e-AmBiz AmAccess Corporate Over-The-Counter
(OTC)
Fees and Charges (RM per transaction)
Partnerships and SME1 FOC2 FOC2 FOC2
Other Corporates
Daily Transaction Limit (RM per day)
Partnerships and SME1 No Limit No Limit No Limit
Other Corporates
Payment Reference
(i) Availability of payers' names and payment references in beneficiaries' bank statement Yes Yes Yes
(ii) Availability of beneficiaries' names and payment references in payers' bank statement Yes Yes No
Operating Hours Inquiry | 24x7
Transaction | 7:30am - 5:00pm
Inquiry | 24 hours
Transaction | 24 hours
Banking Hours
Crediting Time
(i) Monday - Friday Immediate
(ii) Non-Business days Next business day
Refund Time Immediate

Note:

1For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers.

2Abbreviation for Free of Charge.

​​​​​​​​​​​​

Interbank GIRO (IBG)

Items Channels
e-AmBiz /
AmAccess Corporate
Over-The-Counter
(OTC)
Fees and Charges (RM per transaction)
Partnerships and SME1 Fee waived
(until 31 March 2021)
RM2.10
(by cash)
RM2
(debit from account)
Other Corporates
Daily Transaction Limit (RM per day)
Partnerships and SME1 RM1 million RM1 million
Other Corporates
Payment Reference
(i) Availability of payers' names and payment references in beneficiaries' bank statement Yes Yes
(ii) Availability of beneficiaries' names and payment references in payers' bank statement Yes Yes
Future-dated Payments Yes No
Operating Hours Inquiry | 24x7
Transaction | 7:30am - 5:00pm
Banking Hours
Crediting Time
Payment Initiated by Customers Funds Received by Beneficiaries
Business Days
(Mon-Fri)
Before 5:00am  
Same business day
By 11:00am
5:01am to 8:00am By 2:00pm
8:01am to 11:00am By 5:00pm
11:01am to 2:00pm By 8.00pm
2:01pm to 5:00pm By 11:00pm
After 5:00pm Next business day By 11:00am
​Future Dated Payments / Recurring Transactions ​On effective date ​By 11:00am
Non-Business Days
(Saturday, Sunday and Federal Territory Public Holidays)
Next business day By 11:00am
Refund Time Next day

Note:

1For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers.

2Abbreviation for Free of Charge.

3Any future dated/recurring transactions will be processed in Window 1 on the effective date.

RENTAS

Items Channels
e-AmBiz /
AmAccess Corporate
Over-The-Counter
(OTC)
Fees and Charges (RM per transaction)
Partnerships and SME1 RM2 RM4
Other Corporates
Payment Reference
(i) Availability of payers' names and payment references in beneficiaries' bank statement Yes Yes
(ii) Availability of beneficiaries' names and payment references in payers' bank statement Yes No
Operating Hours Inquiry | 24x7
Transaction | 7:30am - 3:00pm
Banking Hours
Crediting Time
(i) Monday - Friday Same day
(ii) Non-business days Next day
Refund Time Next day

Note:

1For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers.

2Abbreviation for Free of Charge.

For comparison of e-payment services and fees, please refer to the comparative tables in Bank Negara Malaysia (BNM), The Association of Banks in Malaysia (ABM), and The Association of Islamic Banking Institutions Malaysia (AIBIM).

SWIFT

Items Channels
e-AmBiz /
AmAccess Corporate
Over-The-Counter
(OTC)
Cable Charges
Partnerships and SME1 Fee waived
(valid until 31 March 2021)
RM10
(valid until 31 March 2021)
Other Corporates
Operating Hours Inquiry | 24x7
Transaction | 7:30am - 3:30pm
Banking Hours

Note:

1For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers.

2Abbreviation for Free of Charge.