Interbank GIRO (IBG) definition

Interbank GIRO (IBG) means an interbank payment and funds transfer system that facilitates payments and collections via the exchange of digitized transactions between banks. “JomPAY” or “JomPAY Scheme” means a service offered by PayNet which facilitate industry wide ubiquitous bill payments through the use of Standard ▇▇▇▇▇▇ Codes and Recipient Reference Numbers. “Limit” means the maximum daily amount that Customer is allowed to transact from the Account using alrajhi@24seven Banking Services or the balance amount in the Account, whichever is lesser.
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Examples of Interbank GIRO (IBG) in a sentence

  • Transfer to Other Accounts (i.e. Within Bank Transfer (i.e. Own or Third Party Transfer), Interbank GIRO (IBG) or DuitNow Transfer either DuitNow Transfer to Account, DuitNow Transfer to Proxy (i.e. by mobile number / NRIC / Army/Police ID / Passport / Business Registration Number) and DuitNow QR; 6.2.4.1.2 DuitNow Transfer to Proxy Registration & Maintenance; 6.

  • JomPAY; 6.2.8.4.2 Limit of DuitNow; 6.2.8.4.3 Limit of Within Bank Accounts; and 6.2.8.4.4 Limit of Interbank GIRO (IBG).

  • Transfer to Other Accounts (i.e. Within Bank Transfer (i.e. Own or Third Party Transfer), Interbank GIRO (IBG) or DuitNow either DuitNow Pay-to-Account or DuitNow Pay-to-Proxy (i.e. by mobile number / NRIC / Army/Police ID / Passport / Business Registration Number); 6.2.4.1.2 DuitNow Registration & Maintenance; 6.