Personal > Virtual Banking > Instant Transfer
Instant Transfer
 
What is Instant Transfer?
Instant Transfer Handling Fees
How to Funds Instant Transfer Service
How to Perform Instant Transfer Service at Al Rajhi Bank ATM Terminal
Frequently Asked Questions (FAQs)
   
 
 
 
 

What is Instant Transfer?
This is a new service which enables you to perform funds transfer from your Al Rajhi Bank savings / current account(s) to other Participating MEPS member bank’s account(s) via Al Rajhi Bank ATMs nationwide. Funds in the other Participating MEPS member bank’s account will be immediately available after deducting a Handling Fee from your Al Rajhi Bank account.
 

Participating MEPS Member Banks for Instant Transfer
 
 
No MEPS Member Bank MEPS Interbank Services
Funds Transfer
1. MAYBANK
2. RHB BANK
3. PUBLIC BANK
4. BANK RAKYAT
5. AMBANK
6. AGROBANK
7. CIMB BANK
8. HONG LEONG
9. ALLIANCE
10. AFFIN BANK
11. BSN
12. KUWAIT FINANCE BANK
13. CITIBANK
14. UOB BANK
15. HSBC BANK
16. BANK ISLAM
17. STANDARD CHARTERED
18. BANK MUAMALAT
19. OCBC BANK
 
 
 
Instant Transfer Handling Fees
 
Al Rajhi Bank MEPS ATM Shared Network for Instant Transfer Handling Fees*
Al Rajhi Bank Cardholder at: RM0.16 for each successful transaction. .

MEPS Member Bank Cardholders
(inclusive of Local and Foreign Banks)

RM0.53 for each successful transaction
 
* Fees inclusive of GST 6% charges.
 
 
 
 
Benefits of Instant Transfer Service
  • No more payment or funds transfer delays! All transactions are performed on a real-time basis.
  • Instant Transfer service is available at ATMs of participating MEPS member banks.
  • Maximum daily funds transfer limit is RM30,000.00 per day.
  • Instant Transfer Service is available 24 hours a day.
 
How to Funds Instant Transfer Service
There are a few ways to perform Instant Transfer services:
  • Instant Transfer service at Al Rajhi Bank ATM
    • You can transfer funds from your Al Rajhi Bank account to a beneficiary’s account (i.e. account maintained in a different bank) at Al Rajhi Bank ATM.
  • Instant Transfer service at beneficiary’s Participating MEPS Member Bank ATM
    • You can transfer funds from your account to the beneficiary’s account (i.e. account maintained in a different bank) at your beneficiary’s bank ATM.
  • Funds transfer at other bank’s ATM
    • You can also transfer funds between two accounts which are maintained in one (1) bank at another bank’s ATM.
 
Mechanics of Instant Transfer:
 
No Debit Card Issue Instant Transfer Services ATM Terminal
From Issuing Bank To Beneficiary Bank
1. Al Rajhi Bank ATM/Debit Card Al Rajhi Bank Savings A/C; OR Current A/C Participating MEPS Member Bank Savings A/C; OR Current A/C
(e.g. Bank Islam)
Al Rajhi Bank ATM
2. Participating MEPS Member Bank Debit Card
(e.g. Bank Islam)

Participating MEPS Member Bank Savings A/C; OR Current A/C
(e.g. Bank Islam)

Participating MEPS Member Bank Current A/C; OR Savings A/C
(e.g. Bank Islam)

Al Rajhi Bank ATM
3.

Participating MEPS Member Bank Debit Card
(e.g. Bank Islam)

Participating MEPS Member Bank Savings A/C; OR Current A/C
(e.g. Bank Islam)

Al Rajhi Bank Current A/C; OR Savings A/C Al Rajhi Bank ATM
4. Al Rajhi Bank ATM/Debit Card Al Rajhi Bank Savings A/C

Al Rajhi Bank Current A/C

Participating MEPS Member Bank ATM
(Kuwait Finance House (KFH))

5. Al Rajhi Bank ATM/Debit Card Al Rajhi Bank Savings A/C; OR Current A/C

MEPS Member Bank Current A/C; OR Savings A/C
(Kuwait Finance House (KFH))

Participating MEPS Member Bank ATM
(Kuwait Finance House (KFH))

 
 
 
How to Perform Instant Transfer Service at Al Rajhi Bank ATM Terminal
 
Step #. Descriptions
1. Insert Al Rajhi Bank Debit Card-/ Debit Card of Participating MEPS Member Bank
2. Select your preferred language: English / Bahasa Malaysia / Mandarin
3. Enter your PIN Number.
4. Select “Instant Transfer / Payment” at Main Menu.
5. Select “YES” to confirm Instant Transfer Acknowledgement and Customer’s Instruction
6. Select “YES” to confirm MEPS Charges on Instant Transfer Services.
7. (For Al Rajhi Bank Debit Card-i)
Select ‘Beneficiary Bank Code’ and confirm ‘YES’
(For Debit Card of Participating MEPS Member Bank)
Choose one (1) Instant Transfer transaction:
• Transfer to ‘Own’ Bank
• Transfer to Al Rajhi Bank
8. Select an Instant Transfer transaction: ‘Savings / Current or Charge Card Payment or Financing Payment’
9. Enter ‘Account Number’ (i.e. Beneficiary Account Number) and confirm ‘YES’
10. Enter ‘Amount’ and confirm ‘YES’
11. Confirm transaction details.
12. Select account to transfer from (i.e. Al Rajhi Bank Account).
13. Transaction successful; take the receipt.
 
 
 
 
Frequently Asked Questions (FAQs)
* please click the questions for answers
 
Q1: What is Instant Transfer Service?
A1: Instant Transfer is a new way of transferring funds from your Al Rajhi Bank savings / current account(s) to other Participating MEPS member bank’s account(s) via Al Rajhi Bank ATMs nationwide and vice versa.
Funds in the Participating MEPS member bank’s account will be immediately available after deducting a handling fee from your Al Rajhi Bank account.
Q2: How does MEPS Instant Transfer benefit me?
A2: Benefits are as follows:
  • It’s so easy! It allows you to transfer your funds from Al Rajhi Bank to your account or your beneficiary’s account with other participating MEPS Member Banks using Al Rajhi Bank ATM network or vice versa.
  • No more payment delays! It also allows you to make payment to Al Rajhi Bank’s facilities e.g. Home / Auto / Personal financing.
  • It is so convenient! So long as you hold any ATM/Debit Card of the participating MEPS member bank, you can perform any Instant Transfer service at any participating MEPS member bank ATM network.
  • Anytime anywhere! Instant Transfer service is available 24 hours at any of the participating MEPS member bank’s ATM machines.
Q3: Which banks are participating in the Instant Transfer service?

A3:

 
No MEPS Member Bank MEPS Interbank Services
Funds Transfer
1. MAYBANK
2. RHB BANK
3. PUBLIC BANK
4. BANK RAKYAT
5. AMBANK
6. AGROBANK
7. CIMB BANK
8. HONG LEONG
9. ALLIANCE
10. AFFIN BANK
11. BSN
12. KUWAIT FINANCE BANK
13. CITIBANK
14. UOB BANK
15. HSBC BANK
16. BANK ISLAM
17. STANDARD CHARTERED
18. BANK MUAMALAT
19. OCBC BANK
 
 
 
Q4: What are the charges for every transaction?
A4: Please refer to Instant Transfer Handling Fees for further details.
 
Al Rajhi Bank MEPS ATM Shared Network for Instant Transfer Handling Fees
Al Rajhi Bank Cardholder at:

Al Rajhi Bank ATM
At Al Rajhi Bank’s ATM to Local Bank’s¹ Account:
At Al Rajhi Bank’s ATM to Foreign Bank's² Account:


RM0.32 for each successful transaction.
RM0.32 for each successful transaction.
RM0.32 for each successful transaction.
Participating MEPS Local Bank’s1 ATM : RM1.06 for each successful transaction
Participating MEPS Foreign Bank’s2 ATM: RM4.24 for each successful transaction
Participating MEPS Local Bank’s1 Cardholders at:
Al Rajhi Bank’s ATM
RM1.06 for each successful transaction
Participating MEPS Foreign Bank’s2 Cardholders* at:
Al Rajhi Bank ATM
RM4.24 for each successful transaction
* Fees inclusive of GST 6% charges.
1 Please also note that only RM1.06 (inclusive of GST 6%) service charge will be imposed on fund transfer to Kuwait Finance House (KFH).
2 MEPS Foreign Bank Cardholders are Standard Chartered Bank Malaysia, Citibank, HSBC, United Overseas Bank Malaysia and OCBC Malaysia.
Q5: Is there any limit to the amount of funds that can be transferred per day?
A5: Yes. The Instant Transfer transfer limit will depend on your daily ATM/Debit Card withdrawal limit. In this case, the maximum Instant Transfer limit is RM30,000.00 per day.
Q6: If I exceed the ATM withdrawal limit while performing Instant Transfer service, will I be able to make other transactions via ATM machine e.g. Cash Withdrawal?
A6: No, you can’t proceed to other money-based transaction e.g. Cash Withdrawal, but you are still allowed to perform “PIN Request” for our Internet Banking, Phone Banking and SMS Banking.
Q7: Do I need to register or subscribe Instant Transfer in order to perform this service?
A7: No registration or subscription is required for Instant Transfer service. The service is available for customers at any ATM machine of participating MEPS member banks including Al Rajhi Bank.
Q8: If I perform Instant Transfer service using Al Rajhi Bank ATM / Debit Card to my account at any of the participating MEPS member banks at Al Rajhi Bank ATM network, when will the funds be made available?
A8: The funds will be made available immediately in your account with any of the participating MEPS member bank as the Instant Transfer transaction performs on a real-time basis.
Q9: What are the Instant Transfer operating hours?
A9: You can transfer funds at any time as it is available 24 hours, 365 days a year.
Q10: How do I perform Instant Transfer service al Al Rajhi Bank ATM terminal?
A10:
  • If I am an Al Rajhi Bank customer:
Step #. Descriptions
1. Insert Al Rajhi Bank ATM / Debit Card.
2. Select your preferred language: English / Bahasa Malaysia / Mandarin.
3. Enter your PIN Number.
4. Select “Instant Transfer / Payment” at Main Menu.
5. Select “YES” to confirm Instant Transfer Instant Transfer Acknowledgement and Customer’s Instruction.
6. Select “YES” to confirm MEPS Charges on Instant Transfer Services.
7. Select “Beneficiary Bank Code” and confirm “YES”.
8. Select a transaction: “Savings / Current” (i.e. Instant Transfer transactions)
9. Enter “Account Number” (i.e. Beneficiary Account Number) and confirm “YES”.
10. Enter “Amount” and confirm “YES”.
11. Confirm transaction details.
12. Select account to transfer from (i.e. Al Rajhi Bank Account).
13. Transaction successful; take the receipt.
 
  • If I am a Participating MEPS Member Bank customer:
Step #. Descriptions
1. Insert Debit Card of Participating MEPS Member Bank.
2. Select your preferred language: English / Bahasa Malaysia / Mandarin.
3. Enter your PIN Number.
4. Select “Instant Transfer / Payment” at Main Menu.
5. Select “YES” to confirm Instant Transfer Acknowledgement and Customer’s Instruction.
6. Select “YES” to confirm MEPS Charges on Instant Transfer Services.
7. Choose one (1) Instant Transfer transaction:
  • Transfer to ‘Own’ Bank
  • Transfer to Al Rajhi Bank
8. Select a transaction: “Savings / Current” (i.e. Instant Transfer transactions)
9. Enter “Account Number” (i.e. Beneficiary Account Number) and confirm “YES”.
10 Enter “Amount” and confirm “YES”.
11 Confirm transaction details.
12 Select account to transfer from (i.e. Al Rajhi Bank Account).
13 Transaction successful; take the receipt.
 
Links
Client Charter for Product
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