Starting from 1st July 2018 onwards, all Instant Transfer (IBFT) within banks in Malaysia are free, but subject to terms and conditions:
RM 50,000 and below
individuals and SMEs only
IBFT is a facility from PayNet Malaysia that available on all banks in Malaysia which allows you to transfer funds from your own savings or current account to anybody else’s account in any other bank and the fund is available instantly. Compare to GIRO which will take several hours up to 24 hours to have the fund available in desired account, IBFT is more convenient.
Currently GIRO charge RM 0.10 fees but IBFT (was RM 0.50) is waived effective today.
Maybank Islamic MasterCard Ikhwan Credit Card is one of the best groceries and petrol cash back credit card. It give 5% of cash back on all groceries and all petrol station spending.
Unlike its Maybank Islamic PETRONAS Ikhwan Visa Credit Card which limit the petrol speding to Petronas only, even though it gives 8% cash rebate. This Maybank Islamic MasterCard Ikhwan Credit Card condition is very easy to achieve for 5% cash back.
Every Ringgit Spent
Friday & Saturday
Sunday to Thursday
*Friday & Saturday groceries and petrol no TreatPoint, birthday month 2X TreatPoints
Compare to Maybank Islamic PETRONAS Ikhwan Visa Credit Card, the best point is you are not limited to Petronas station, but you can pump the petrol brand you prefer during Friday and Saturday, and you can get 5% cash back. Not only petrol, all groceries spending during Friday and Saturday earn you 5% cash back as well. You can earn cash back on both Groceries and Petrol capped on RM 50 (RM 1,000 spent).
In addition, it doesn’t not have monthly allocated quota and you do not need to pay annual fee when sign up for Maybank Islamic MasterCard Ikhwan Credit Card or during annual renewal.