Interbank Cash Deposit
The Interbank Cash Deposit (IBCD) service allows customers to deposit cash at all participating banks' machines to their intended bank accounts, enabling interoperability among banks. Whether you're sending money to family, paying bills, or managing business transactions, IBCD makes cash deposits easier for everyone.
This service eliminates the limitation of intrabank deposits, making it useful for users in non-urban areas.
Advantages of using Interbank Cash Deposit (IBCD)
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Closer to Home
Deposit cash at participating banks' Cash Deposit Machines (CDMs) and Cash Recycling Machines (CRMs) near you.
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Instant
Funds credited immediately to the beneficiary’s account.
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Easy and Secure
Just enter the account number, verify the recipient, and deposit.
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Widespread Availability
Access machines from various banks & providers.
How to Use IBCD
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Customers need to enter the account number and verify the beneficiary’s name before depositing, and funds are received instantly.
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If validation fails, the transaction will be rejected upfront.
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A ceiling fee of RM1 is applied to every deposit transaction.
Participating Banks’ CDMs/CRMs and Non-Banks' CRMs
Currently, the service is readily available at
Additional participating banks and non-banks will be listed in due course.