What kind of funds transfer can I do in this service?

You can transfer funds between your own MCB accounts, or to any beneficiary account(s) within MCB that has been set-up by you in the system. You can set-up as many beneficiary accounts as you want. You also have a facility to maintain them

Do I need to pre-register my beneficiary accounts before I can use the funds transfer facility?

Yes, you will need to request for beneficiary accounts set-up online and once approved you can avail this service.

How do I pre-register my beneficiary MCB accounts?

You will need to use the link set-up beneficiary account under Managing Services to set-up beneficiary accounts.

After I have pre-registering the accounts, how long do i have to wait before i can perform transfer of funds?

Once the beneficiary account(s) has been successfully submitted for activation, you may proceed to transfer funds within the next couple of hours. You will also receive an email confirming your set-up status.

When will the funds be available in the receiving account after I do an Immediate Fund Transfer to accounts within MCB , Pakistan?

Funds transfers to other MCB accounts within MCB will take effect after some time the transaction is submitted for processing.

Is there a maximum limit on the amount of funds I can transfer?

You can transfer up to PKR 25,000 (twenty five thousand rupees only) per day.