how to transfer money alliance bank to other banks online

How to Transfer Money from Alliance Bank to Other Banks Online in Malaysia in 5 Easy Steps

Transferring money from your Alliance Bank account to other banks in Malaysia is a straightforward process with the convenience of online banking. Alliance Bank’s online banking platform, allianceonline, makes it easy to send funds to accounts in other banks, whether it’s for payments, family support, or online purchases. Here are the five easy steps to transfer money from Alliance Bank to other banks online in Malaysia:

Step 1: Log in to allianceonline

  1. Visit the official Alliance Bank website (https://www.alliancebank.com.my/) or use the Alliance Bank mobile app.
  2. Click on the “Login” or “Alliance Online” option to access your allianceonline account.
  3. Enter your username and password, then provide the OTP (one-time password) sent to your registered mobile number for verification.
  4. Click “Submit” or “Login” to access your account.

Step 2: Select “Pay & Transfer” > “Transfer Money”

  1. Once logged in, navigate to the “Pay & Transfer” option on the menu bar or dashboard.
  2. Select “Transfer Money” to initiate the transfer process.
  3. You can use the search function to find the recipient by name, account number, or DuitNow ID (a unique identifier for transferring funds using mobile numbers, NRIC numbers, passport numbers, or business registration numbers).
  4. Click “Proceed” to continue.

Step 3: Choose “To Other Bank’s or E-Wallet” as the transfer type

  1. In this step, you’ll need to specify the type of transfer you want to make.
  2. Choose “To Other Bank’s or E-Wallet” as the transfer type.
  3. Select the recipient’s bank name from the drop-down list. You can also choose an e-wallet provider like Boost, GrabPay, Touch ‘n Go eWallet, or ShopeePay if you’re transferring to an e-wallet instead of a bank account.
  4. Enter the transfer amount and select the currency (usually Malaysian Ringgit – MYR).
  5. Pick the transfer method from the options available. You can opt for either Interbank Giro (IBG) or Instant Transfer (IT). IBG transfers are cost-effective and may take 1 to 2 business days to complete, while IT transfers are instantaneous but may involve a higher fee.
  6. If needed, add a reference or description for the transfer (optional).
  7. Click “Next” to proceed.

Step 4: Confirm the transfer details

  1. Before finalizing the transfer, review all the transaction details carefully to ensure accuracy. If any changes are necessary, you can click “Back” to make adjustments.
  2. To authorize the transaction, you’ll need to enter your transaction password.
  3. Click “Confirm” to initiate the transfer.
  4. Wait for the confirmation message and receipt number. You can also check the transaction’s status within allianceonline.

Step 5: Check your email for confirmation

  1. After completing the transfer, you will receive an email confirmation from Alliance Bank. This email contains detailed information about the transaction, including a reference number.
  2. The reference number can be used to track the transaction status or for inquiries through Alliance Bank’s customer service.

Tips for a secure and convenient online banking experience

Online banking offers convenience, but it’s essential to follow security best practices to protect your account and financial information. Here are some tips for a secure and hassle-free online banking experience:

  • Keep your login credentials (username and password) confidential and never share them with anyone.
  • Regularly change your password and transaction password, using strong combinations of letters, numbers, and symbols.
  • Avoid using public or shared computers or devices for accessing allianceonline.
  • Be cautious of unsolicited emails or messages claiming to be from Alliance Bank or other financial institutions. Legitimate banks will never request personal or account information via email or SMS.
  • Always log out of your allianceonline account after each session and clear your browser’s history and cache.
  • Install and update antivirus software on your computer or device.
  • Periodically review your account statements and transaction history, promptly reporting any suspicious or unauthorized transactions to Alliance Bank.
  • Enable push notifications on your mobile app to receive alerts for transactions and account activities.

By following these guidelines, you can enhance your online banking security and enjoy a seamless experience when transferring money from Alliance Bank to other banks in Malaysia.


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