DuitNow
DuitNow allows you to receive and transfer funds instantly 24/7. This replaces the current Instant Transfer service.
Instant Transfer service has been replaced in December 2019. Start using DuitNow to perform your immediate funds transfer in Hong Leong ConnectFirst.
Receive funds via Business Registration No. and Account No. instantly
Transfer funds via Account No., Business Registration No., Mobile No., IC No. and Passport No.
ZERO fees for transactions of any amount
Differences between DuitNow & Instant Transfer
Items |
DuitNow |
Instant Transfer (IBFT) |
|---|---|---|
Features |
Receive funds via Business Registration No. and Account No. Transfer funds via Business Registration No., Account No., Mobile No., IC No. and Passport No. within member banks instantly. |
Transfer or receive funds via account numbers within member banks instantly. |
Fees and charges (RM per transaction) |
Sole-proprietors, partnership and SME: Waived for Transaction amount ≤ RM5,000; Waived¹ for Transaction amount > RM5,000 |
Transaction amount ≤ RM5,000 (Waived) |
Corporates: (Waived)¹ |
||
Daily transaction limit (RM per day) |
Based on businesses specified own limit. DuitNow per transaction limit is RM10million |
Based on businesses specified own limit. Instant Transfer per transaction limit is RM1million |
Operating hours |
24 hours |
|
Crediting time |
Immediate |
|
1Charges will be waived until 30 June 2024. Effective 1 July 2024, a minimum fee of RM0.50 per transaction may be charged.
Steps to transfer funds via DuitNow:
One-time Registration to Receive funds via Business Registration Number:
Steps to nominate any of your HLB/HLISB current account as the Receiving Account
(Click here to sign up for Hong Leong ConnectFirst).
No registration is required to receive funds via Account No.
Your customers/ suppliers can transfer funds to your Account No. via DuitNow using their preferred online banking services.
