If you’re searching for an easy and cost-effective way to send money within Malaysia, Alliance Bank’s IBG and JomPAY services might be your answer.
In this article, we’ll explain what IBG and JomPAY are, how they operate, and how you can utilize them to make swift and economical payments.
Understanding IBG
IBG, or Interbank GIRO, is a fund transfer service that enables you to transfer money from your Alliance Bank account to another bank account in Malaysia.
IBG can be used for various payments, including bills, loans, credit card payments, and any other transactions requiring a bank account number.
What is JomPAY?
JomPAY is a nationwide bill payment service that allows you to settle your bills using your Alliance Bank account or any other bank account in Malaysia. You can utilize JomPAY to make payments for utilities, telecommunications, insurance, education, government fees, or any other bills displaying the JomPAY logo and a Biller Code.
How to Use IBG and JomPAY in Alliance Bank
You can access IBG and JomPAY services in Alliance Bank through the following channels:
- allianceonline: Alliance Bank’s internet banking platform allows you to manage your account and conduct transactions online. You can register for allianceonline here.
- ATM: Any Alliance Bank ATM allows you to perform IBG and JomPAY transactions. Simply insert your card, enter your PIN, select the transaction type, and follow the on-screen instructions.
- Branch: Visit any Alliance Bank branch and complete the IBG or JomPAY form to initiate transactions. You’ll need to provide your account number, the recipient’s account number or Biller Code, the payment amount, and other required details.
What is the Cost of Using IBG and JomPAY in Alliance Bank?
The best part about utilizing IBG and JomPAY in Alliance Bank is that they are entirely free of charge. Yes, you read that correctly—there are no fees or charges associated with these services. This means you can save both money and time when transferring funds or settling your bills.
How Long Does it Take for Funds to Reach the Recipient?
The processing time for IBG and JomPAY transactions in Alliance Bank depends on when you initiate the transaction and whether it falls on a business day. Business days refer to Monday through Friday, excluding Federal Territory public holidays. Below is the transfer schedule for IBG and JomPAY in Alliance Bank:
IBG Transfer Schedule
| Payment Initiated by Customers | Funds Received by Beneficiaries | Refund for Unsuccessful Transactions |
|---|---|---|
| Business Days – Before 5:00am | Same Business Day By 11:00am | By 5:00pm |
| Business Days – 5:01am to 8:00am | Same Business Day By 2:00pm | By 8:20pm |
| Business Days – 8:01am to 11:00am | Same Business Day By 5:00pm | By 11:00pm |
| Business Days – 11:01am to 2:00pm | Same Business Day By 8:20pm | By 11:00am (Next Business Day) |
| Business Days – 2:01pm to 5:00pm | Same Business Day By 11:00pm | After 5:00pm Next Business Day |
| Business Days – After 5:00pm | Next Business Day By 11:00am | By 5:00pm |
| Non-Business Days | Next Business Day By 11:00am | By 5:00pm |
JomPAY Transfer Schedule
| Payment Initiated by Customers | Funds Received by Beneficiaries | Refund for Unsuccessful Transactions |
|---|---|---|
| Business Days – Before 5:00am | Same Business Day By 11:00am | By 5:00pm |
| Business Days – 5:01am to 8:00am | Same Business Day By 2:00pm | By 8:20pm |
| Business Days – 8:01am to 11:00am | Same Business Day By 5:00pm | By 11:00pm |
| Business Days – 11:01am to 2:00pm | Same Business Day By 8:20pm | By 11:00am (Next Business Day) |
| Business Days – 2:01pm to 5:00pm | Same Business Day By 11:00pm | After 5:00pm Next Business Day |
| Business Days – After 5:00pm | Next Business Day By 11:00am | By 5:00pm |
| Non-Business Days | Next Business Day By 11:00am | By 5:00pm |
What are the Benefits of Using IBG and JomPAY in Alliance Bank?
By utilizing IBG and JomPAY services in Alliance Bank, you can enjoy the following advantages:
- Convenience: Perform money transfers or bill payments at any time and from anywhere using your preferred method.
- Cost Savings: There are no fees or charges associated with these services, allowing you to save money.
- Speed: Your money transfers and bill payments are processed swiftly and efficiently.
- Security: You can execute transactions securely, with confirmation and receipts for added peace of mind.
- Choice: Select from a wide range of billers and banks to meet your payment needs.
Conclusion
IBG and JomPAY are excellent services that enable you to transfer money or pay bills swiftly and affordably through Alliance Bank.
You can access these services via allianceonline, ATM, or by visiting a branch. Embrace the convenience, cost savings, speed, security, and choice that these services offer. So, why wait? Begin using IBG and JomPAY through Alliance Bank today!