Payments & Transactions

Interbank GIRO

Transaction Fees

Channel Transaction Fee

Internet & Mobile Banking

RM0.11 per transaction

Over the Counter

For the first two transactions of the month of each account
RM0.53 per transaction.

Subsequent transactions during the same month
RM2.12 per transaction.

* For IQ Elite and IQ Basic account holders, the above rates do not apply. The IBG transaction fee for IQ customers will be accorded under the IQ privileges.

* The above rates are inclusive of GST.

Maximum Transfer Amount Per Day

Channel Amount

Internet & Mobile Banking

RM30,000 per day (shared limit with transfer within OCBC accounts)

Counter Transactions

RM1,000,000 per Interbank GIRO transaction

Payment Channels

To perform any Interbank GIRO transaction, you may choose any of the channels below:

  • Via OCBC Internet & Mobile Banking (24 hours)
  • Over the Counter Transactions (Branches)

Payment Types

Financial Institutions

Payment Types


Savings Account

Current Account

Credit Cards

Hire Purchase




Affin Bank /Affin Islamic Bank

Alliance Bank

Al-Rajhi Bank (M) Berhad





Bank Islam

Bangkok Bank Berhad




Bank Muamalat


Bank Pertanian Malaysia




Bank Rakyat




Bank Simpanan Nasional Berhad


Bank of America (Malaysia) Berhad




Bank of China (Malaysia) Berhad




Bank of Tokyo-Mitsubishi UFJ (M) Berhad



BNP Paribas Malaysia Berhad







China Construction Bank (M) Berhad




Deutsche Bank (M) Berhad



Hong LeongBank



Industrial and Commercial Bank of China (Malaysia) Berhad(New)


J.P. Morgan Chase Bank



Kuwait Finance House





Mizuho Bank (Malaysia) Berhad        

Public Bank


RHB Bank

Standard CharteredBank


Sumitomo Mitsui Banking Corporation (M) Berhad





UOB Bank


* Note:

  • You can refer to the instructions here for participating bank accounts structure reference.
  • With effect from 16 December 2016, The Royal Bank of Scotland Berhad (RBS) will cease its IBG operations in Malaysia and hence you will no longer be able to send funds to RBS via IBG.
  • Effective 9th April 2018, you can make Funds Transfer to Bangkok Bank Berhad via Interbank GIRO (IBG).
  • For Funds Transfer/Loan Payment to Industrial and Commercial Bank of China (Malaysia) Berhad, kindly input beneficiary account number from 3rd digit onwards.
  • For Al-Rajhi Bank (M) Berhad Charge Cards payment only. 
  • For Maybank, credit card payment is meant for Maybank Credit Card & Maybank Amex Credit Card. 
  • For Ambank,credit card payment is meant for Ambank & MBF Credit Cards
  • Customers of the participating financial institutions may also transfer funds from their accounts to the other participating financial institutions, including OCBC Bank 
  • For Public Bank/Public Finance Loan Account/HP repayment, please enter 10 digit Account No. followed by 5 digit Note ID No.  
  • Bank Rakyat accepts Personal loan / Housing loan & other loans (except Ar-Rahnu / Az-Zahad) 

Cut-off Times

The funds will be available in the beneficiary's account based on the schedule stated below:

Payment Initiated by Customers *Funds Received by Beneficiaries *Refund for Unsuccessful Transactions
Business Days (Mon - Fri) Before 5:00 am
Same business day
By 11.00 am By 5.00 pm
5.01 am - 8.00 am By 2.00 pm By 8.20 pm
8.01 am - 11.00 am By 5.00 pm By 11.00 pm
11.01 am - 2.00 pm By 8.20 pm By 11:00 am, next business day
2.01 pm - 5.00 pm By 11.00 pm
After 5.00 pm Next business day By 11.00 am By 5.00 pm
Non-Business Days (Saturday, Sunday and Federal Territory Public Holidays) Next business day By 11.00 am By 5.00 pm

* Under normal circumstances

  • Applicable for all IBG payments and funds transfer to current accounts and savings accounts.
  • For loan and credit card payments initiated up to and including 5.00pm on same Business Days, funds will be available in the beneficiary's account before 12 midnight on the same day.

Steps to Conduct IBG via Internet Banking

IBG Transfer to Registered Beneficiary
Step 1
Log on to with ID and Password
Step 2
Click on "Payment & transfer > Transfer funds".
Step 3
Select option "Make a transfer to another bank account in Malaysia"
Step 4
Enter the required details of your transfer (i.e Amount, Recipient Reference and Other Payment Details)
Step 5
Select "Transfer Now > Interbank GIRO (IBG)"
Step 6
Select your account to transfer from.
Step 7
Click "Next" after agreeing to the Terms & Conditions.
Step 8
Confirm the Beneficiary Information
Step 9
Verify the details and click "Submit".
Step 10
Check your transaction history within 2 working days for rejections, if there is any.

Guidance to Recipient's Reference & Other Payment Details

Recipient's Reference (Mandatory): A reference to your recipient, which can be your invoice/bill no, insurance policy no, car registration no, etc. This reference appears in payee's statement.
Other Payment Details (Optional): Describe the purpose or other info related to your payment (eg. Jan 14 loan payment). This appears in payee's statement.