PB ECP
What is PB ECP?
Public Bank Electronic Credit Payment, generally known as PB ECP.
It is an integrated business banking solution specifically design to provide a timely and secure infrastructure to bulk transmit your payroll payments.
Services Offered
You can make the following payments:
-
Payroll Service
Transmit salaries, wages, overtime claims, bonuses, commissions and other allowances.
-
Payment to Vendor / Supplier
Enables Payee / Beneficiary payment.
Benefits:
-
Promptness
PB ECP provides an efficient means of making online payment. Business processes is executed in a timely basis.
-
Bulk Payment
Regardless of your company's file size; the system imposes no bounds or limitation on the number of transaction.
-
Easy
It's an extremely flexible and easy to use system in uploading the data file.
-
Confidentiality
Data file is safely protected with sophisticated server and encrypted in high degree of privacy.
-
Proven
The smooth and efficient operation payments system proven to be a critical factor for a business growth. It is important to have a safe and efficient payments system to maintain financial stability.
Greater use of ECP payment methods can create cost savings to the business
There are broad choice in payment methods in the country, the common ones being cash and cheque. While the use of the electronic payment methods by ECP has been an increasing trend, the use of cash and cheques continue to remain high in Malaysia.
In handling cash and cheque, incur costs related to transportation, security, insurance, fraud, robberies apart from staff and administration cost.
Just sign up to the PB ECP, the cost incurred to process an electronic payment transaction is less than the cost of processing a paper-based payment. Our service are available at minimal fee and available to fund transfer to PBB account or even others bank's in Malaysia.
The processing windows for PB ECP are as follows :
|
Processing Window for PB ECP |
File Upload and Approval Cut-Off Time on T Day |
Stop Payment Instruction Cut-Off Time |
Fund Received By Beneficiary via Intrabank |
Estimated Fund
Received By Beneficiary
via IBG
Note :
- Subject to max RM1
mil per trx only using
IBG. |
Estimated Fund Received
By Beneficiary Via Rentas
Note :
- Subject to min RM10K
and max RM5 mil per trx
only using Rentas.
- For Rentas below RM10K
per trx (Windows 1 to 5)
will default to IBG. |
|
If T Day = Business Days (Mon to Fri) |
Before T Day |
By 3.00pm on T-1 Day |
By 6.00am on T Day |
By 11.00am on T Day |
By 11.30am on T Day |
|
Window 1 |
By 5.00am on T Day |
Not allowed on T Day |
By 6.00am on T Day |
By 11.00am on T Day |
By 11.30am on T Day |
|
Window 2 |
By 8.00am on T Day |
Not allowed on T Day |
By 9.00am on T Day |
By 2.00pm on T Day |
By 11.30pm on T Day |
|
Window 3 |
By 11.00am on T Day |
By 9.30am on T Day |
By 12.00pm on T Day |
By 5.00pm on T Day |
By 1.30pm on T Day |
|
Window 4 |
By 2.00pm on T Day |
By 12.30pm on T Day |
By 3.00pm on T Day |
By 8.20pm on T Day |
By 4.30pm on T Day |
|
Window 5 |
By 5.00pm on T Day |
By 3.30pm on T Day |
By 6.00pm on T Day |
By 11.00pm on T Day |
- Up to RM1 mil per trx, by 11.00pm on T day using IBG.
- Above RM1 mil up to RM5 mil per trx, by 11.30am on next business day using Rentas.
|
|
After Window 5 on T Day |
Not allowed |
N/A |
N/A |
N/A |
N/A |
|
If T Day = Non-Business Day (Sat, Sun & FT Public Holidays) |
Not allowed on T Day |
On T Day |
By 11.00am on the next business day |
By 11.30am on the next business day |
Note :
-
T Day = Payment Day
-
Business Day = Federal Territory (FT) Business Day
-
Please ensure sufficient fund is available in the funding account before approving each payment file, failing which your payment file may be rejected due to insufficient fund in the account.
For more details, please approach your account holding branch.