Examples of DuitNow ID in a sentence
NAD) means a central addressing depository established by the NAD Operator that links a bank or an e-money account to a recipients DuitNow ID and facilitates payment to be made to a recipient by referencing the recipient’s DuitNow ID.
For the benefit of the Customer, the Bank may, but is not obliged to, register any of the above identifiers as the Customer’s DuitNow ID that links to the Customer’s Account with the Bank.
DuitNowmeans a service which allows you to initiate and receive instant credit transfers using a recipient’s account number or DuitNow ID DuitNow IDmeans identifiers of an account holder such as a mobile number, NRIC, passport number, army number or police number (in the case of an individual) or business registration number (in the case of a corporate customer) or any other identifiers as may be introduced by PayNet from time to time.
You consent to the disclosure of your DuitNow ID and other relevant Personal Data to PayNet for its processing, storing, and archival, disclosure to the sender of funds under the DuitNow service and to the Bank’s affiliates, service providers, other NAD participating banks, NAD participants and their respective customers for the purposes of providing or otherwise participating in the DuitNow Service.
Merchantmeans businesses registered with the companies Commission of Malaysia, sole proprietors and partnerships, government agencies, statutory bodies, societies, and other similar entities.NAD Name Enquirymeans a service which returns the name of the owner who has registered its DuitNow ID in NAD.
By registering a DuitNow ID, this will enable you to receive funds from your sender using DuitNow service.
DuitNow is a service available on our Online Banking and Mobile Banking App that enables you to transfer funds to a recipient by quoting the recipient’s account number (pay-to-account also known as Instant Transfer) or by quoting the recipient’s DuitNow ID (pay-to-proxy).
DuitNow Transfer funds using recipients’ DuitNow ID, within or between different banks in Malaysia (subject to total interbank fund transfer daily limit).
Yes, as long as the DuitNow ID is registered with the respective banks.
Each DuitNow ID can only be tagged to one bank account at any given time.