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Start receiving funds by just providing your Business Registration Number to the sender once you have registered for DuitNow ID.
DuitNow Transfer is a new real-time online fund transfer service that allows customers to transfer funds to their recipient’s DuitNow ID instead of their account number. For business customers, they can register and transfer funds using DuitNow Transfer via UOB Infinity. This is an industry-wide initiative among all banks to simplify funds transfers while maintaining a high level of security.
DuitNow ID is an identifier used to register account numbers. For businesses, they can register one DuitNow ID to one account, i.e. Business Registration Number (registered with Suruhanjaya Syarikat Malaysia (SSM)) to a Current Account.
No, each DuitNow ID is unique, hence can only be registered to one account, regardless of whether the accounts are from the same bank or different banks.
At the moment, only Savings Accounts and Current Accounts can be registered for DuitNow ID.
Yes, they can. They can change the account once the features are available via UOB Infinity or at any UOB branch.
The transaction limit for DuitNow Transfer via UOB Infinity is RM10,000,000.
Waived until further notice.
Yes, once they have keyed in the DuitNow ID, the registered account holder’s name will be displayed. It is important that they check that the name belongs to the intended recipient before confirming the transfer.
No. Only the authorized person appointed by the company is allowed to register for DuitNow ID.
They can easily go to UOB Infinity and transfer the DuitNow ID from other banks. It will only take them a few minutes.
To assign DuitNow Transfer access right to a UOB Infinity User, please refer to this guide.
Yes, you can. Download the form here and submit the completed form at any UOB branch.