How many ATMs will offer free withdrawals nationwide from July 1?

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Over 14,000 ATMs Nationwide Will Offer Free Interbank Cash Withdrawals from July 1, 2026

Beginning July 1, 2026, Malaysian banks will eliminate the RM1 fee for interbank cash withdrawals at ATMs and SRMs across the country. This initiative, supported by Payments Network Malaysia Sdn Bhd (PayNet), will enable debit cardholders to access unlimited free cash withdrawals from more than 14,000 machines nationwide.
Unlimited Free Withdrawals for Debit Cardholders

The waiver of the RM1 interbank ATM fee means that debit cardholders will be able to withdraw cash an unlimited number of times without incurring any additional charges. This change applies to transactions made at ATMs and Smart Recycler Machines (SRMs) throughout Malaysia.
Industry Commitment to Financial Accessibility

The Association of Banks in Malaysia (ABM), the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), and the Association of Development Finance Institutions of Malaysia (ADFIM) have jointly announced this measure. Their statement highlights this as a reflection of the industry's dedication to offering financial services that are accessible, inclusive, and affordable.
Continued Support for Cash Payments

While banks will continue to advocate for secure and convenient cashless payment methods as Malaysia progresses towards a digital economy, the decision acknowledges the ongoing importance of cash. The associations emphasised that customers will retain the flexibility to select the payment method that best aligns with their individual needs.

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How many ATMs will offer free withdrawals nationwide from July 1?

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