Effective 2 May 2013, the Interbank GIRO (IBG) transfer charge is reduced to only RM 0.10. Bank Negara Malaysia (BNM) said that the low IBG fee is a new pricing strategy to promote greater efficiency. Individuals enjoy the convenience of transacting anytime anywhere, avoiding the queues at bank counters. Businesses can lower the costs of [...]
Article by Mister Leaf. Source:Interbank Money Transfer: IBG vs IBFT