Bulk Payments - Payroll

For payment to CIMB accounts, the payment will be processed and credited on the same day including weekends and public holidays provided the transaction is approved by the authorizer(s) before the cut-off time at 6:30pm.

For payment to non-CIMB accounts, the payment will be processed and credited based on the transfer schedule below:

* Applicable for all IBG payments and fund transfers to current accounts & savings accounts/loans and credit card payments.

* Crediting of funds to the beneficiary account is subject to the Beneficiary Bank’s standard operating procedures. Kindly check the type of Accounts accepted by MEPS participating banks. Please ensure that you enter the correct account number and should you have any doubt, please confirm with the Beneficiary Bank.

Note: This list only serves as guidance; CIMB is not responsible for any changes made by participating banks