News & Reviews:   Banks in Malaysia will waive the RM1 interbank fee for cash withdrawals from ATMs from 1 July 2026

Starting 1 July 2026, banks across Malaysia are removing the RM1 interbank cash withdrawal fee. This means you can use any bank's ATM or SRM (Smart Recycler Machine) nationwide without paying an extra cent. A joint initiative by ABM, AIBIM, and ADFIM, working alongside PayNet, the waiver applies to every local ATM or debit cardholder.