Do you need to transfer money from your CIMB account to other banks in Malaysia quickly and easily? Whether it’s for paying bills, sending money to family, or online purchases, you have several options available. In this guide, we’ll walk you through five simple methods for transferring money from CIMB to other banks online in Malaysia. We’ll also provide some essential news and tips related to online banking in the country.
Method 1: CIMB Clicks Online Banking
CIMB Clicks is CIMB’s online banking platform, providing you with account management, bill payments, fund transfers, and more. Accessible from your computer or mobile device, here’s how to transfer money to other banks using CIMB Clicks:
- Log in to your CIMB Clicks account.
- Select “Pay & Transfer” and then “Transfer Money.”
- Retrieve your favorite recipient or enter their name, account number, or DuitNow ID.
- Choose “To Other Bank’s or E-Wallet” and select the recipient’s bank.
- Pick your transfer method: IBG or DuitNow to Account (formerly Instant Transfer). For IBG transfers, you can verify the recipient’s ID by providing their name, ID type, and ID number, ensuring it matches the bank’s records.
- Select your payment type (Fund Transfer, Loan, or Credit Card).
- Choose the account you want to transfer from, enter the amount, date, and recipient’s reference (mandatory).
- Review the transfer details and request a TAC (Transaction Authorization Code).
- Enter the TAC sent to your phone and confirm the transfer.
You’re done! You can also print the acknowledgement reference for your records.
Method 2: CIMB Clicks Mobile App
The CIMB Clicks Mobile App offers convenient mobile access to your accounts and transactions. To transfer money to other banks using the app:
- Open the app and log in using your username and password or biometric authentication.
- Tap “Pay & Transfer” and then “Transfer Money.”
- Retrieve your favorite recipient or enter their name, account number, or DuitNow ID.
- Choose “To Other Bank’s or E-Wallet” and select the recipient’s bank.
- Select your transfer method (IBG or DuitNow to Account).
- Pick your payment type (Fund Transfer, Loan, or Credit Card).
- Choose the account you want to transfer from, enter the amount, date, and recipient’s reference (mandatory).
- Review the transfer details and confirm.
- Enter the TAC sent to your phone and confirm the transfer.
You’re done! You can also share or save the receipt for your records.
Method 3: CIMB QR Pay
CIMB QR Pay, accessible through the CIMB Clicks Mobile App, allows you to make payments by scanning DuitNow QR codes. To transfer money using CIMB QR Pay:
- Launch the CIMB Clicks Mobile App and log in.
- Tap “Pay & Transfer” and select “QR Pay.”
- Scan the recipient’s DuitNow QR code or choose from your QR favorites.
- Enter the transfer amount and tap “Next.”
- Review the transfer details and confirm.
You’re done! You can also share or save the receipt.
Method 4: CIMB EVA
CIMB EVA is a chatbot that offers conversational banking assistance. To transfer money using CIMB EVA:
- Open Facebook Messenger or WhatsApp and start a chat with CIMB EVA.
- Type “transfer money” and send it to CIMB EVA.
- Follow CIMB EVA’s instructions to select your recipient, transfer method, payment type, source account, amount, date, and reference.
- Confirm the transfer details and enter the TAC sent to your phone.
You’re done! You can view the receipt as well.
Method 5: CIMB Branch
If you prefer in-person transactions, you can visit a CIMB branch and fill out a remittance form. You’ll need to provide your name, account number, recipient’s name, account number, bank name, and amount. There may be a service fee of RM30 (most currencies), RM20 (Indonesian rupiahs), or RM10 (Singaporean dollars). Additionally, you might incur a correspondent bank fee, which varies from RM50 to RM500 based on the recipient’s bank.
Conclusion
Transferring money from CIMB to other banks online in Malaysia is straightforward, with various methods to choose from. Select the one that aligns with your preferences and requirements. However, be mindful of fees and exchange rates, as they can impact the final amount received by the recipient. It’s a good practice to compare options to find the most cost-effective solution for your transfers.
We hope this guide has helped you understand how to transfer money from CIMB to other banks online in Malaysia. If you have any questions or feedback, please feel free to leave a comment below. Happy banking!