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Interbank Fund Transfer (IBFT)

 

IBFT enables instant money transfers and payments to credit card accounts and financing to other bank accounts through Agrobank’s MEPS ATM network.

Daily Transfer/Payment Limit
RM6,000

Transaction Fees
RM1.00 – transfer within MEPS Local Banks
RM4.00 - transfer to/from MEPS Local Incorporated Foreign Bank (LIFB) such as Citibank, UOB and HSBC

Benefits

  • Immediate fund transfer / credit card and financing payments to recipients - instant money transfer to the recipient's account.
  • An easy and convenient way to transfer funds and make payments – There’s no need to queue at the bank.
  • Safe & reliable – Secure mode of fund transfer as it eliminates the use of cash.
  • Verification of the recipient's account – The name of account holder will be displayed upon entering the account number of the recipient.

 

Steps to execute Instant Interbank Fund (IBFT) Transfer at AGRONet

  • Log onto AGRONet at www.agronet.com.my
  • Key in your USERNAME and PASSWORD and click “Next”.
  • Select Fund Transfer navigation.
  • Select New Interbank Transfer.
  • Select Instant Interbank Fund Transfer at “Mode of Transfer”.
  • Key in all mandatory fields and click “Next”.
  • Ensure Beneficiary Account Number is correct and click “Close”.
  • Click Request TAC to get the 6 digit security PIN number via registered mobile during AGRONet registration and click “Confirm”.
  • Result page will displayed customer details transaction. Click “Print Receipt” to get the hardcopy receipt or click “Make another transaction” to proceed with the other New Interbank Transfer transaction.

      

        Notes: The above fees and charges are subject to 6% GST

 

 


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