The amount of time it takes to send an Interbank GIRO payment depends on when exactly you initiate the payment. There are a series of cut-offs throughout the working day, which have been agreed by the participating banks. If you get your payment in before cut-off, it’ll be processed and will arrive by a predetermined time. If you send money after hours or during the weekends or any public holidays, the transfer will be processed on the next working day.
The major Malaysian banks all use the same cut-offs for IBG transfers – so a Maybank IBG transfer and a CIMB IBG transfer should take the same length of time.
Check out the tables below for the payment schedules for the following banks:
- Maybank⁴
- CIMB⁵
- RHB⁶
- BSN⁷
- Hong Leong Bank⁸
- Ambank⁹
- OCBC¹º
IBG transfer cut-off times and payment schedule
Payment initiated on a working day | Payment received |
---|---|
Before 5am | By 11am |
5:01am – 8am | By 2pm |
8:01am – 11am | By 5pm |
11:01am – 2pm | By 8.20pm |
1:01pm – 5pm | By 11pm |
After 5pm | By 11am the following working day |
If you schedule a payment after hours, or on a non-working day, it will arrive by 11am on the next business day.