Making Payments - Transactions | OCBC Business Banking Malaysia

Here's where you can make your business payments

Overview

Making payments

Receiving payments

BUSINESS PAYMENTS IN LOCAL AND FOREIGN CURRENCIES

Local Transfers
Overseas Transfers

To another OCBC Malaysia account

Make same-day fund transfers between bank accounts in MYR quickly and easily via OCBC Velocity and OCBC Malaysia Business Mobile Banking App OCBC Malaysia Business Mobile Banking App

To non-OCBC bank accounts in Malaysia


Overview
Suitable for
Availability
Transaction limit
Fees

Interbank GIRO
Automated electronic payment services which take up to 2 business days for funds to be credited
A single instruction to enable payment to your suppliers or for staff salaries Allow pre-setting for future date transfers
24 hours via OCBC Velocity and/or OCBC Malaysia Business app – 24/ 7 Working days: For counter transactions via OCBC branches
For transaction(s) via OCBC Velocity and/or OCBC Malaysia Business app RM 50,000 per day (shared limit with transfers to other banks and within OCBC 3rd party account) For transactions(s) via Counter RM 1,000,000 per transaction
No charge

RENTAS

Fast and secure way for local payments and transfers in MYR Same-day processing for MYR via OCBC Velocity
3:00pm via OCBC Velocity and OCBC branches

DuitNow

Immediate fund transfers to beneficiary account number/ Business Registration Number/ NRIC/ Passport or Mobile Number
24 hours via OCBC Velocity and/or OCBC Malaysia Business app – 24/ 7
RM 10,000,000 per transaction made via OCBC Velocity
Click here to view the fees and charges

Malaysia Ringgit Cheques

For standard payments
Additional charges apply if your cheque cannot be honoured due to insufficient funds in your account

Cashier's Order

Guaranteed cheque that will always be honoured
To be used only in situations where your creditors do not accept cheque payments and e-payments
The amount will be deducted directly from your account when a cashier's order is issued

Business Debit Card

Quick and safe payment by tapping on the point-of-sales terminal
Transactions can be viewed from your business account on OCBC Velocity


Overview
Processing time
Suitable for
Number of supported currencies
Fees
Learn more

OCBC World Transfer (Outward Telegraphic Transfer
Secure and efficient fund transfers to overseas beneficiary
2 to 3 working days
Businesses with global operations, enabling seamless and reliable transfers to counterparties worldwide
67
RM5.00 (for Singapore Dollar and Indonesia Rupiah) RM20.00 (for other currencies)
OCBC World Transfer

OCBC Flash
Near-instant or same day transfers to any bank in Singapore or Mainland China
Near-instant / Same day transfer
Designed for businesses that frequently make payments to Singapore and Mainland China, offering faster transfers for time-sensitive transactions.
SGD and CNY
RM 10 to SGD RM 30 to CNY
OCBC Flash

OCBC Network Transfer
Cross-border telegraphic transfer services within OCBC Group
Same day transfer
Best suited for businesses that regularly send funds to OCBC beneficiary accounts, providing convenient and efficient intra-network payments.
7
RM0 flat fee to SGD RM5 flat fee to CNY, IDR and HKD RM15 flat fee to other currencies
OCBC Network Transfer