Inward Bills for Collection (IBC)

Eligibility

Applicable for direct and indirect exporters who are dealing in domestic purchases and imports

Type of products / services	Fees & Charges	Cut-off time for transaction to be processed
Collection Service	0.1% flat on Collection value. RM denominated Collection – Minimum RM50; Maximum RM500. FCY denominated Collection –Minimum RM50; Maximum RM100.	Monday to Friday: 4:00 p.m. same day (Funds will be credited by the receiving Bank on the next business day - estimation)
Commission in lieu of exchange	0.1% flat on FCY settlement value. Minimum RM50. Maximum RM300.

Type of products / services

Fees & Charges

Cut-off time for transaction to be processed

Collection Service

0.1% flat on Collection value.

RM denominated Collection –
Minimum RM50; Maximum RM500.

FCY denominated Collection
–Minimum RM50; Maximum RM100.

Monday to Friday: 4:00 p.m. same day

(Funds will be credited by the receiving Bank on the next business day - estimation)

Commission in lieu of exchange

0.1% flat on FCY settlement value.
Minimum RM50.
Maximum RM300.

For General Charges, please refer to General Charges@Trade.

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