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.
![duitnow receive fund via business registration number](/content/dam/hlb/my/images/HL_Connect/Connect-Biz/duitnow-pay-to-account/duitnow-received.jpg)
Receive funds via Business Registration No. and Account No. instantly
![duitnow transfer fund](/content/dam/hlb/my/images/HL_Connect/Connect-Biz/duitnow-pay-to-account/duitnow-transfer.jpg)
Transfer funds via Account No., Business Registration No., Mobile No., IC No. and Passport No.
![duitnow business zero fee](/content/dam/hlb/my/images/HL_Connect/Connect-Biz/duitnow-pay-to-account/duitnow-zero-fee.jpg)
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 2025. Effective 1 July 2025 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.