Joint media statement by The Association of Banks in Malaysia (ABM), Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), and Association of Development Finance Institutions of Malaysia (ADFIM)

KUALA LUMPUR, 3 July 2026 — The RM1 fee waiver for interbank ATM cash withdrawals took effect smoothly on 1 July 2026 as the industry’s measure to ease the cost of living and improve access and convenience of everyday banking services for all Malaysians.

This initiative removes the RM1 fee previously charged when customers withdraw cash at ATMs owned by banks other than their own. For clarity, the fee waiver applies to ATMs operated by banks¹ nationwide. Standard fees may still apply when using non-bank ATMs.

This move reflects a broader vision of building a more inclusive and accessible financial system, one that puts the everyday needs of the rakyat first. The banking industry, through The Association of Banks in Malaysia (ABM), Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and Association of Development Finance Institutions of Malaysia (ADFIM), worked closely with Payments Network Malaysia Sdn Bhd (PayNet) to ensure this initiative could be implemented smoothly and be felt immediately by the rakyat.

Customers can refer to the banks’ official communication channels, including websites, mobile banking applications or customer contact centres, for further information on the implementation of the RM1 interbank ATM withdrawal fee waiver.

¹Bank-operated ATMs clearly display a single bank’s name and logo on the exterior of the ATM and on the ATM screen.  Non-bank operated ATMs would generally display the logos of multiple banks.