What specific types of ATMs are excluded from the RM1 waiver?

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Exclusions from the RM1 Interbank ATM Withdrawal Fee Waiver

The RM1 fee waiver for interbank ATM cash withdrawals, which began on July 1, 2026, specifically applies to ATMs operated by banking institutions nationwide. While the initiative aims to reduce costs for consumers, it is important to note that standard fees may still be incurred when using ATMs that are not operated by banks. The specific categories of these non-bank ATMs are not detailed in the provided information.
Scope of the Fee Waiver

The fee waiver is a measure implemented by the banking industry, through 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). This initiative removes the RM1 charge previously applied when customers used ATMs belonging to a bank other than their own for cash withdrawals. The stated goal is to ease the cost of living and enhance access to banking services for Malaysians.
Application to Bank-Operated ATMs

The waiver explicitly covers transactions made at ATMs owned and operated by any bank across Malaysia. This means that whether a customer uses their own bank's ATM or an ATM from a different banking institution, the RM1 interbank fee will not be charged. This broad application aims to provide a consistent benefit to a wide range of banking customers throughout the country.
Potential Fees at Non-Bank ATMs

Conversely, the associations have clarified that standard fees may still apply if customers opt to use ATMs that are not operated by banks. The exact nature of these "non-bank ATMs" and the associated fees are not elaborated upon in the information provided. This distinction suggests that there are ATM networks or service providers in operation that fall outside the scope of this particular banking industry initiative.

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What specific types of ATMs are excluded from the RM1 waiver?

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