Starting 1 July 2026, customers of all banks in Malaysia can withdraw cash at any bank’s Automated Teller Machine (ATM) or Smart Recycler Machine (SRM) without paying the RM1 fee.
The waiver applies to ATMs and SRMs operated by banks in Malaysia. This initiative, in partnership with Payments Network Malaysia Sdn Bhd (PayNet), comes as the banking industry’s ongoing commitment to making financial services more accessible, inclusive, and affordable for customers
The banking industry said it recognises that cash remains an important and essential means of payment for many Malaysians in managing their daily lives. In line with this, the removal of interbank ATM cash withdrawal fee reflects the industry’s commitment in ensuring reliable, convenient and affordable access, while helping to ease the everyday financial burden of
the rakyat.
