It is sponsored by Allied Irish Bank and therefore officially known as the AIB Munster GAA Football Intermediate Club Championship.
The championship has always been played on a straight knockout basis whereby once a team loses they are eliminated from the series.
The winners of the Munster final join the champions of Connacht, Leinster and Ulster in the semi-final stages of the All-Ireland series of games.
The title has been won at least once by clubs representing just two of the six Munster counties, with Kerry and Cork clubs holding the distinction of sharing every provincial title.
The all-time record-holders are Carbery Rangers and Ardfert who have won the competition twice each.