Fund Transfer

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Fund Transfer

Conveniently transfer RHB Bank account funds to others within Malaysia


Overview

RHB Now helps you transfer smoney within the same bank or to a different bank or in a convenient & secure environment. You can remit loans, repay hire purchase and do so much more with ease. Enjoy hassle free transactions when transferring funds to:

  • Your other RHB Bank accounts including MCA account
  • A third party account in RHB Bank
  • An account in another bank via Interbank GIRO (IBG)
  • FD/MGIA Placement
  • FD/MGIA Upliftment
  • Purchase bank cheque in the form of Payment Order
  • A beneficiary residing overseas via Foreign Telegraphic Transfer (TT) or Western Union online

Interbank GIRO (IBG)

Allow you to transfer funds between your own RHB accounts, third party RHB accounts or to any participating bank accounts via Interbank GIRO. RHB Bank's Interbank GIRO (IBG) lets you transfer up to RM10,000 per day from your RHB Bank account to an account in any bank listed in IBG Fund Transfer Type.

How to Transfer Funds
Step 1 Login to RHB Bank Internet Banking. Enrol now if you have not enjoyed the ease of controlling your finances as an RHB Internet Banking user.
Step 2 Go to 'Fund Transfer', then select a Fund Transfer services available - Transfer to Own Account, Transfer to Other RHB Account, Transfer to Other Bank Account (IBG), FD Placement, Payment Order or Foreign Telegraphic Transfer. Add new beneficiary account to your favourite list for easy future transfers. You can also make a one-time transfer to your beneficiary via 'Open Transfer' option.
Step 3 Key-in the necessary transfer details and confirm your transaction details. To add new beneficiary account or make a one-time transfer, you will be required to key-in a One Time Password and mutual authenticate the security code sent to your registered mobile number before your transaction is being processed.
Step 4 Upon successful transaction, you'll receive a reference no. with a summary of your transaction. Print your online receipt or copy the transaction reference number for your records.

Transfer Schedule for Interbank GIRO (IBG)
Payment Initiated by Customers *Funds Received by Beneficiaries
Business Days
(Mon - Fri)
Before 5:00 am Same business day By 10:30 am
5:00 am to 7:00 am By 1:00 pm
7:01 am to 9:30 am By 3:00 pm
9:31 am to 12:30 pm By 5:45 pm
After 12:30 pm Next business day By 10:30 am
Non-Business Days
(Saturday, Sunday and
Federal Territory Public Holidays)
Next business day By 10:30 am

Applicable for all IBG payments and funds transfer to current accounts & savings accounts. Except for Bank Muamalat, where funds are credited after 6pm if payments initiated up to and including 12.30pm.

For loan and credit card payments initiated up to and including 12.30pm on Business Days, funds will be available in the beneficiary´s account before 12 midnight on the same day. 

Faster Return of Funds for Rejected IBG

  • If a customer initiates an IBG transaction today up to 12:30pm, and upon IBG rejection, the paying customer will receive the returned funds on the *next business day by 10.30am.
* Under normal circumstances