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Tuesday, October 4, 2022
HomeNewsThe RM1 ATM withdrawal charge will be re-imposed on 1 February

The RM1 ATM withdrawal charge will be re-imposed on 1 February

Since the country is under the Movement Control Order (PKP) due to the Covid-19 pandemic, the public can enjoy the facility of exemption of RM1 charges imposed on cardholders for any automatic teller machine (ATM).

However, the charges will return to take effect from February 1st. It was announced by CIMB Malaysia on 15 December through its official social media site.

“Effective February 1, 2022, a RM1 transaction charge will be levied on interbank cash withdrawals for transactions made at ATMs or vending machines other than CIMB Bank or CIMB Islamic.

“Customers can still withdraw cash without charge at CIMB ATMs or vending machines,” he said.

Apart from CIMB, Maybank also issued a similar statement on the RM1 interbank withdrawal charge which will take effect on the same date.

“Please be informed that effective February 1, 2022, the RM1 interbank withdrawal charge at ATMs will be refunded.

“Maybank customers can continue to make cash withdrawal transactions at Maybank ATMs for free,” he said.

It is understood that apart from the two banks, Citibank, Kuwait Finance House also issued a notice that the interbank withdrawal charges will be re-imposed from that date.

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