The InterBank and IntraBank Funds Transfer “IBFT” is an electronic
funds transfer “EFT” facility added to the list of our existing
ATM Card services. It is an automated solution for bank to
bank funds transfers which enable 1Link ATM Cardholders to
avail real time funds transfer facility from their account
to any other account in Bank AL Habib (BAHL) or to any 3rd
Party Account in BAHL or participating 1Link Switch Member
Bank’s customer account using their bank’s ATM.
BAHL ATM Cardholder may avail this service without submission
of any application, unless otherwise advised in writing by
the cardholder to deactivate the service.
PARTICIPATING BANKS:
The list of banks currently participating in 1Link InterBank
Funds Transfer services are:
- Bank AL Habib
- RBS
- ABL
- Askari Bank
- NIB
- HBL
- Soneri Bank
- UBL
- SCB
- Tameer Finance Bank
- Bank AL Falah
- Bank Islami
IBFT services are available for Individuals & Sole Proprietors
having ATM/ Debit card relationships. The scope of IBFT services
is:
- The Transfer of Funds from account(s) of an ATM Cardholder
to:
- Any other account(s) maintained by him/ her at another
Bank AL Habib branch.
- Any 3rd party account(s) held by any Bank AL Habib customer(s).
- Any account(s) maintained at a participating 1Link Bank
listed above.
THE LIMITATIONS:
- Transfer of Funds can be done in PAK Rupees only.
- Transfer of Funds can only be affected from one of the
BAHL ATMs.
- Transfer of Funds will be permitted only from an account
linked with ATM Card.
- The maximum amount of transfers is limited to RS. 100,000
per day. There is no restriction on the number of transaction,
however it should not exceed maximum transfer limit amount.
SERVICE CHARGES:
Each Inter Bank Funds Transfer transaction will cost Rs. 24/-
and will be charged to the transferor. However, for transfers
within Bank AL Habib branches, there are absolutely no service
charges.
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