Interbank GIRO (IBG)

Convenient, secure and efficient way to make MYR payments.

Benefits

Transact with greater ease

Make non-urgent or scheduled payments easily to any account across participating banks.

Transfer funds securely

Streamlined single or bulk payment initiation via secure UOB electronic channels.

Lower operational costs

Save on manual costs as you eliminate inefficient cash and cheque handling.

Payment certainty

Notify beneficiaries of successful payments via beneficiary advices sent by the Bank.

Rates & fees

Browse our rates and fees for the following services

Types of fees	UOB Business Internet Banking	Over-the-Counter
Transaction Charge	Single: Waived  Bulk: RM0.10 / Transaction	RM0.30 / Transaction
Transaction Limit	RM1 million / Transaction	RM1 million / Transaction
Payment Reference: Availability of payers' names and payment references in beneficiaries' bank statement	Available	Available
Payment Reference: Availability of beneficiaries' names and payment references in payers' bank statement	Available (File Name Only)	Available

Note: Visit our Fees and Charges page here for more details.

Ready to apply?

Leave us your details and we will get in touch with you as soon as possible. Alternatively, you may like to reach out to your Relationship Manager.

Frequently asked questions

What are the crediting time and refund time for an Interbank GIRO transaction?

Days	Transaction Time	**Crediting Time
Business Days (Monday - Friday)	Performed before 5.00 a.m.	Same business day (11.00 a.m.)
Business Days (Monday - Friday)	Performed between 5.00 a.m. - 8.00 a.m.	Same business day (2.00 p.m.)
Business Days (Monday - Friday)	Performed between 8.01 a.m. - 11.00 a.m.	Same business day (5.00 p.m.)
Business Days (Monday - Friday)	Performed between 11.01 a.m. - 2.00 p.m.	Same business day (8.20 p.m.)
Business Days (Monday - Friday)	Performed between 2.01 p.m. - 5.00 p.m.	Same business day (11.00 p.m.)
Business Days (Monday - Friday)	Performed after 5.00 p.m.	Next business day (11.00 a.m.)
Non-business Days (Saturday, Sunday and Federal Territory Public Holidays)	-	Next business day (11.00 a.m.)

Days	Transaction Time	**Refund Time
Business Days (Monday - Friday)	Performed before 5.00 a.m.	Same business day (5.00 p.m.)
Business Days (Monday - Friday)	Performed between 5.00 a.m. - 8.00 a.m.	Same business day (8.20 p.m.)
Business Days (Monday - Friday)	Performed between 8.01 a.m. - 11.00 a.m.	Same business day (11.00 p.m.)
Business Days (Monday - Friday)	Performed between 11.01 a.m. - 5.00 p.m.	Next business day (11.00 a.m.)
Business Days (Monday - Friday)	Performed after 5.00 p.m.	Next business day (5.00 p.m.)
Non-business Days (Saturday, Sunday and Federal Territory Public Holidays)	-	Next business day (5.00 p.m.)

Applicable for all IBG payments and funds transfer to current accounts & 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.

*Funds will be credited on entry date specified by customer.

** Under normal circumstances.

How do I make an Interbank GIRO transfer?

You can initiate transfers conveniently using UOB Infinity, or Host-to-Host connectivity for high volume transfers.

How is Interbank GIRO applicable to businesses?

1. Easily scaled to meet the needs of expanding businesses

Company A issues 100 cheques a month. As the business grows, this payment method poses a drag on expansion as it is tedious, and requires more headcount to prepare and monitor the transactions. Interbank GIRO is an easy option for the company as it is scalable when both business and payment volume grow.

2. Reduces operational costs

Company B issues cheques to many ad-hoc suppliers i.e. stationery suppliers, packaging materials suppliers. They face repeated challenges such as loss of cheques, cheques not being presented and returned cheques due to irregular signatures. The company frequently incurs charges for stopping or replacing the cheques. By using GIRO, these challenges are resolved as operational costs are reduced, and there is no more need to address the status of the cheques.