how to transfer money from public bank to public bank online

How to Transfer Money from Public Bank to Public Bank Online in Malaysia in 3 Easy Ways

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Are you looking for a quick and convenient way to transfer money from your Public Bank account to another Public Bank account in Malaysia? Whether you need to send money to your family, friends, or business partners, you have several options to choose from. In this article, we will show you how to transfer money from Public Bank to Public Bank online in Malaysia in 3 easy ways.

Option 1: Transfer Fund Within Public Bank

This option allows you to transfer money from your Public Bank account to another Public Bank account without any fees. You can do this online using PBe, the official internet banking platform of Public Bank. Here are the steps to follow:

  1. Login to Your PBe Account: Visit the PBe website and log in to your PBe account using your username and password.
  2. Navigate to Fund Transfer: Once logged in, navigate to the “Fund Transfer” section within your PBe account.
  3. Select PB Account: Under the “Fund Transfer” section, select “PB Account” as the transfer option.
  4. Choose Beneficiary: You can choose to transfer money to a beneficiary’s account by selecting either “To Account” or “To Favourite Account.” You can select the beneficiary from your list of saved payees or enter their account details manually.
  5. Enter Transfer Details: Enter the transfer amount in Malaysian Ringgit (RM) and click “Next.”
  6. Authorize Transaction: Authorize the transaction using PB SecureSign or a SecureSign Token.
  7. Confirm Transaction: Review the details of the transaction and click “Confirm.”

Your transfer will be processed immediately, and the beneficiary will receive the money in their Public Bank account.

Option 2: Foreign Remittance for Personal Banking

This option allows you to transfer money from your Public Bank account to another Public Bank account in a foreign currency. You can do this online using PBe or over-the-counter at any Public Bank branch. There are two types of foreign remittance services available:

  • Foreign Demand Draft: This is a foreign currency draft drawn on another bank, requesting the latter to pay the beneficiary overseas.
  • SWIFT / Foreign Telegraphic Transfer: This is a secure and fast means of sending funds to the beneficiary’s bank account overseas or receiving funds from overseas in your bank account.

Here are the steps to follow for online foreign remittance using PBe:

  1. Login to Your PBe Account: Visit the PBe website and log in to your PBe account using your username and password.
  2. Navigate to Fund Transfer: Once logged in, navigate to the “Fund Transfer” section within your PBe account.
  3. Select Foreign Remittance: Under the “Fund Transfer” section, select “Foreign Remittance.”
  4. Choose Transaction Type: Select “Telegraphic Transfer” as the transaction type.
  5. Enter Transfer Details: Fill in the necessary details, including the beneficiary’s information, purpose of payment, and any additional instructions.
  6. Authorize Transaction: Authorize the transaction using PB SecureSign or a SecureSign Token.
  7. Confirm Transaction: Review the transaction details and click “Confirm.”

Your foreign remittance will be processed within 2 working days, and the beneficiary will receive the money in their account. The fees and charges for foreign remittance vary depending on the currency, amount, destination, and service type.

Option 3: Instant Transfer

This option allows you to transfer money from your Public Bank account to another Public Bank account or any other bank account in Malaysia instantly. You can do this online using PBe or over-the-counter at any Public Bank branch. Instant Transfer is a service provided by Payments Network Malaysia Sdn Bhd (PayNet) that enables interbank fund transfers up to RM50,000 per transaction.

Here are the steps to follow for online instant transfer using PBe:

  1. Login to Your PBe Account: Visit the PBe website and log in to your PBe account using your username and password.
  2. Navigate to Fund Transfer: Once logged in, navigate to the “Fund Transfer” section within your PBe account.
  3. Select Other Bank Account: Under the “Fund Transfer” section, select “Other Bank Account.”
  4. Choose Instant Transfer: From the sub-menu that appears, select “Instant Transfer.”
  5. Enter Beneficiary Details: Fill in the beneficiary’s account details, including their name, bank name, bank code, and account number.
  6. Enter Transfer Amount: Specify the transfer amount in Malaysian Ringgit (RM) and click “Next.”
  7. Authorize Transaction: Authorize the transaction using PB SecureSign or a SecureSign Token.
  8. Confirm Transaction: Review the transaction details and click “Confirm.”

Your instant transfer will be processed immediately, and the beneficiary will receive the money in their account within seconds. The fees and charges for instant transfer are RM0.50 per transaction for amounts up to RM5,000 and RM2 per transaction for amounts above RM5,000.

Conclusion

We hope this article has helped you learn how to transfer money from Public Bank to Public Bank online in Malaysia using these 3 easy options. Choose the method that best suits your needs and preferences. Always double-check the transaction details before confirming any transfer, and keep your PBe login credentials and SecureSign devices secure. Happy banking!

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