Bulk Payment / Bulk Payroll

Personal Banking | Business Banking

Payments

Bulk Payment / Bulk Payroll

Bulk Payment / Bulk Payroll is an integrated cash management solution specifically designed to provide a timely and secured infrastructure to bulk transmit your payments.

Payment to Vendor / Supplier

Enables Payee / Beneficiary payment.

Payroll Service

Transmit salaries, wages, overtime claims, bonuses, commissions and other allowances.

What Bulk Payment / Bulk Payroll offers you:

Promptness

Bulk payment / Bulk payroll provides an efficient means of making online payment. Business processes are executed in a timely manner.

Bulk Payment

The system imposes no bounds or limitations on the number of transactions.

Easy

Uploading data files is extremely easy and flexible.

Confidentiality

Data files are safely protected with sophisticated servers and high-degree encryptions.

Proven

The smooth and efficient operation payments system is proven to be a critical factor for business growth. It is important to have a safe and efficient payments system to maintain financial stability.

Greater use of Bulk Payment / Bulk Payroll methods can create cost savings to the business

There are broad choices in payment methods in the country, the common ones being cash and cheque.

Handling cash and cheque incurs costs such as transportation, security, insurance, fraud, robberies apart from staff and administration costs.

Our online Bulk Payment / Bulk Payroll services is more cost effective as the service is accessible at a minimal fee and is available for fund transfer to PBB accounts and to other banks in Malaysia.

The processing windows for Bulk Payment / Bulk Payroll are as follows:

Processing Day	Processing Window (Cut-Off Time)	Estimated Time Funds Received by Beneficiary via Intrabank	Estimated Time Funds Received by Beneficiary via IBG	Estimated Time Funds Received by Beneficiary via RENTAS	Stop Payment Instruction Cut-Off Time
Business Days (Mon - Fri)	Window 1 (5:00am)	By 6:00am same day	By 11:00am same day	By 11:30am same day	Must be approved at least 30 minutes before the processing cut-off time
	Window 2 (8:00am)	By 9:00am same day	By 2:00pm same day	By 11:30am same day
	Window 3 (11:00am)	By 12:00pm same day	By 5:00pm same day	By 1:30pm same day
	Window 4 (2:00pm)	By 3:00pm same day	By 8:20pm same day	By 4:30pm same day
	Window 5 (5:00pm)	By 6:00pm same day	By 11:00pm same day	By 11:30am next business day
Non-Business Day (Sat, Sun & Federal Territory Public Holidays)	Window 1	By 6:00am same day	By 11:00am on the next business day	By 11:30am on the next business day
	Window 2	By 9:00am same day
	Window 3	By 12:00pm same day
	Window 4	By 3:00pm same day
	Window 5	By 6:00pm same day

Note

The actual time funds received by beneficiaries via IBG and RENTAS are subject to each respective beneficiary bank’s internal processing time. The Bank shall not be responsible for any late crediting into beneficiary’s accounts by beneficiary banks via IBG and RENTAS.
Payor Corporation undertakes to ensure sufficient funds are maintained in the Funding Account to meet each payment instruction, failing which the Bank shall be entitled to refuse to perform any payment instruction from Payor Corporation to the Bank pursuant to the Bulk Payment/Bulk Payroll Service at any time without any obligation on the Bank to give Payor Corporation any notice of such refusal.