DuitNow Transfer (Pay to Proxy) is an industry initiative that allows corporates to send funds to individuals and other businesses on a real-time basis, without the need for naming a beneficiary bank or any account details. All that is required is either the beneficiary's NRIC, Passport number, Police/Army ID, Mobile number or Business Registration Number (BRN).

Yes, registration is required for making payments via DuitNow Transfer (Pay to Proxy). This can be done via internet banking.

You will need a DuitNow ID from your payee to process your payment. The DuitNow ID can be a Business Registration Number (BRN), Mobile number, or NRIC, Police, Army ID or Passport number. If your payee has not registered for a DuitNow ID, the payment will be rejected.

You can use internet banking to perform a DuitNow Transfer (Pay to Proxy) transaction. If you are using OCBC Velocity (Business Internet Banking) or the OCBC Malaysia Business Mobile Banking app to perform the payment, simply use the usual payment features and choose to pay using your recipient's DuitNow ID (instead of completing their account details).

If you are using OCBC Velocity (Business Internet Banking) or the OCBC Malaysia Business Mobile Banking app to perform the payment, key in your recipient's DuitNow ID. The name of the individual or company will be displayed on-screen for you to confirm. Do ensure that you are paying the correct person or company before proceeding to authorise the payment. If the recipient details are incorrect, you can cancel the payment by exiting the screen.

DuitNow Transfer (Pay to Proxy) is real-time. Once you have completed and authorised the payment online, your beneficiary will receive the funds immediately.

Yes, there is a separate charge for payments through DuitNow Transfer (Pay to Proxy). Please refer to Fees & Charges for more details.

There is no minimum limit to the number of payments made via DuitNow Transfer (Pay to Proxy). However, the maximum limit that you can transfer is RM10,000,000 per transaction. Do note that each transaction is subject to the authorisation limit set in OCBC Velocity for each entity.

There is no cut-off time for DuitNow Transfer (Pay to Proxy). It is available 24 hours daily, 365 days a year. DuitNow transfer is immediately made to the beneficiary accounts.

Note: Transactions performed after 9:45pm will be reflected on your statement as the next business day's transaction date.

Please contact the bank immediately should your beneficiary fail to receive the funds made via DuitNow Transfer (Pay to Proxy). Do also check that the correct account number has been provided for the transfer in the first place.

If you have ticked the "Notify Beneficiary" checkbox when performing the payment via OCBC Velocity (Business Internet Banking), your payee will receive a Payment Advice from OCBC Bank upon your DuitNow Transfer (Pay to Proxy).

All outgoing payments done via DuitNow Transfer (Pay to Proxy) will be reflected on your bank statement with the appropriate descriptions of the DuitNow Transfer (Pay to Proxy) as reference.

No, you will not be able to make a DuitNow Transfer (Pay to Proxy) payment as this payment type is not available over the counter.

If you would like to make a DuitNow Transfer (Pay to Proxy), you can get started by completing and submitting the OCBC Velocity Application Form to any of our OCBC Bank branches nationwide. The OCBC Business Internet Banking platform comes together with the OCBC Malaysia Business Mobile Banking app.

No, DuitNow Transfer (Pay to Proxy) is only applicable for the local Malaysian Ringgit (MYR) currency only.

As of 28 March 2021, all recipients' names are masked when the payer performs 5 consecutive National Addressing Database (NAD) name enquiries using their DuitNow ID or Account Number but are not followed by a successful transaction. The masking will remain in effect until the next calendar day.

This is to prevent any misuse of NAD enquiries and to protect the recipient's personal information.