Yes except OCBC Bank. So far OCBC Bank has been mum on debit card.


No. It is not true. It all depends on which bank you are talking about and what type of account you have.

No. ATM cash withdrawal is still capped at 5k.


If you are using a Basic Savings Account without annual fee, then the Affin Bank debit MasterCard is annual fee free too. I had the BSA without annual fee issued with the Affin Bank debit MasterCard. As a matter of fact at the time I was given both ATM card debit MasterCard linked to the same BSA and I was told there will be no annual fee for either cards. True enough annual fee was never charged to my account during the 2 1/2 years the account was active.

Just to be absolutely safe, may be you should write to them or call their HQ to get a confirmation ?

If the credit card gives you good cash back, then it can be quite a sum. As the Malay saying goes, lama-lama jadi bukit.

Yes

Much longer than 5 years. Very sure about this.

The bank officer is misinformed or simply did not understand the new circular,


This is correct.


No. He won't.


The CIMB officer is correct whereas the AmBank officer is wrong.

I wonder what does this mean for JustOne Preferred Account, an account that still exists but no longer on sale. JustOne Priority Account isn't mentioned so I assume its debit card will continue to be annual fee free.

It is true that there was no annual fee for this True debit MasterCard prior to 1st Nov 2016. However, a change was made and now this debit card has annual fee already but the first year annual fee is waived.


I have a black and white confirmation from Standard Chartered HQ that the debit MasterCard for JustOne Preferred and JustOne Priority will continue to be complimentary. So the change only affects JustOne Personal and Saadiq JustOne Personal Account-i.


File a dispute with Maybank, not Paypal. Say good was never received.

Not very sure whose fault this was. It could be a system glitch or something. I haven't filed a dispute for a while but from what I remember, it can take as short as 1 week up to 3 weeks or so. However, last time a few banks will also give you a refund first but clearly states if it is found you are wrong, there will be a penalty at the end of investigation. But that was for credit card. I do not know if the process is the same for debit card.


Yes affirmative

What you need to do is to go back to the branch and tell them you want the limited withdrawal version. You do not need to change the debit card, they just need to change your debit card from unlimited withdrawals to limited withdrawals in their system. Maybank debit card, be it the Cherry debit card, VISA Platinum VISA PayWave debit card, MasterCard Platinum debit card with limited withdrawals tagged to a normal Maybank savings or Wadiah Savings account come with 4 free ATM cash withdrawals a month. You will be charged RM0.50 from the 5th withdrawal and any subsequent withdrawal for that particular month onwards. However this RM0.50 will not be charged if you have a balance of at least RM5,000 when the 5th withdrawal (or any subsequent) is made. You will not be charged the RM0.50 fee either if you make at least RM1,500 withdrawal at one-go.

No. It wasn't a mistake. I am using the VISA Platinum VISA PayWave debit card too and mine is annual fee free.

No idea. Did you guys get yours replaced at the same branch at the same time ? It could be that the officer grabs whatever card he/she saw.


No. It is not. Whether yours will be charged annual fee should follow the existing option that you account is on.

Since Maybank came up with this unlimited ATM cash withdrawals for RM8/pa a few years ago, most officers will simply help you to choose this unlimited ATM cash withdrawals with annual fee without asking you. There have been cases where Maybank officers told customers that all ATM/debit cards come with annual fee now which is absolutely not true. To pay RM8 a year for unlimited ATM cash withdrawals is still optional until today.

No you don't have to if you're paying RM8.48 a year. But if you're on the non-annual fee option, either you make sure you have at least RM5,000 in your account before you make the 5th or subsequent withdrawal for that particular month or you just have to withdraw RM1,500 in a single transaction and you won't be charged the RM0.53 fee for excess withdrawal.

OCBC Malaysia is still using ATM card.

MBSB got ATM/debit card ?

Thanks for the update. Just saw it on their website. Too bad the OCBC debit MasterCard will come with annual fee (RM8.48/pa).

As moonsatelite said earlier, just close your account and open a Basic Savings Account. If your CIMB Bank debit MasterCard is tied to a BSA, there will be no annual fee for your debit card. So yes. Existing ATM card owners do have a choice. In fact some existing ATM card owners are still paying RM8.48 a year for their ATM card. If they open a Basic Savings Account they no longer have to pay a single cent to the bank.


Yes you are absolutely correct.

This post has been edited by MilesAndMore: Dec 17 2016, 04:10 PM

Mine is coming to two years. Was already issued with a CIMB debit MasterCard when I opened it. Changed to the new PIN & PAY Mydebit CIMB debit MasterCard about three months ago for free. Till now I was never charged any annual fee.

They didn't insist me to open the BSA with debit card annual fee. And I've been using the account for 2 years now.

For Kawanku Account, it can become unlimited free ATM withdrawals as well even if your debit card is the non-annual fee option as long as you withdraw at least RM1,500 in one transaction from the 5th withdrawal onwards for that particular month or to have a balance of at least RM5,000 also from the 5th withdrawal onwards.