Do non-bank operated ATMs still charge fees despite the RM1 waiver?

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Non-bank operated ATMs may still charge fees despite the RM1 interbank waiver
Yes. The RM1 interbank ATM withdrawal fee waiver that takes effect on 1 July 2026 applies exclusively to ATMs operated by banks, so fees can still apply when using non-bank operated ATMs. Banks and industry groups said users must distinguish between bank-operated and non-bank ATMs to avoid unexpected charges.
The waiver applies only to bank-operated ATMs nationwide
The RM1 interbank ATM withdrawal fee waiver takes effect on 1 July 2026 and covers only ATMs operated by banks across the country. When customers use an ATM operated by a bank, the RM1 charge previously applied for withdrawing cash from a bank other than their own is removed.
Non-bank operated ATMs can still apply standard fees
Industry groups said standard fees may still apply when users withdraw cash from non-bank operated ATMs. This is because the waiver does not extend to machines that are not operated by banks, even though the waiver exists for interbank withdrawals.
How to tell them apart: single bank branding versus multiple logos
Bank-operated ATMs are described as displaying a single bank’s name and logo on both the exterior of the ATM and the ATM screen. Non-bank operated ATMs typically display the logos of multiple different banks, reflecting that they are not run by one specific bank.
The change was implemented with industry associations and PayNet
The RM1 fee waiver was implemented in collaboration with other industry associations and Payments Network Malaysia Sdn Bhd (PayNet). The stated goal is to ease the cost of living and prioritise everyday banking needs for the public. For implementation details, customers were directed to refer to their bank’s official website, mobile application, or customer contact centre.

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Do non-bank operated ATMs still charge fees despite the RM1 waiver?

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