Settlements and Charges
Settlement : Timeframe
I notice that the settlement will be twice a week, but may I know the actual time for the settlement?
1. We will process the settlement in the morning but the actual time your money becomes available in your account is as per scheduled by Bank Islam.
2. Previously we would deposit a cheque into your account but as of January 2016, all monies will be transferred to you via e-banker by Bank Islam.
3. The schedules transfers by senangPay on Wednesdays and Fridays are as follows:
Funds received by merchants :
- Batch 1 : By 11:00 am
- Batch 2 : By 2:00 pm
- Batch 3 : By 5:00 pm
- Batch 4 : By 8:00 pm
- Batch 5 : By 11:00 pm
4. Your funds will be available on the same day by 11:00 pm, latest.