Chip and PIN Technology

Some card issuers have introduced chip and PIN security features on cards that contain an embedded strip rather than a magnetic strip and are protected by a personal identification number (PIN). Chip cards are based on a global card payment standard called EMV (Europay, MasterCard, and Visa), currently used in more than 80 countries around the world. 

Beginning on October 1, 2015, merchants and businesses in the U.S. will be required to add in-store technology and processing systems so that you can make a purchase using a chip card. You may already need this type of card if you travel internationally since magnetic strip credit cards are not accepted in some countries.

https://www.usa.gov/credit-cards

Ok, OCBC is getting very desperate to replace all OCBC ATM cards to OCBC debit cards, until the bank is willing to bear the cost of sending OCBC debit card via mail to home of OCBC bank customers. If I am not mistaken, Bank Negara Malaysia may impose penalty on any bank in Malaysia, which does not achieve an acceptable conservation rate from ATM cards to MyDebit cards. That may be one of some reasons that OCBC Bank is willing to pay for the postal changes, to avoid being given a hefty penalty by Bank Negara Malaysia.
https://www.ocbc.com.my/personal-banking/ca...rd-renewal.html
Let’s say that I refuse to change my OCBC ATM card to OCBC debit card. Thus, I am fully understand that I cannot withdraw money from my saving account, via OCBC ATMs and other ATMs. I am okay with that, as long as I can still control my saving account, using OCBC online banking website (via IBG and IBFT Transfer).
As stated in the website, if I do not obtain OCBC debit card, I cannot perform MEPS Instant Transfers via OCBC Online Banking. Huh? Since when is instant Transfers via OCBC Online Banking associated with OCBC debit card?     It is unfair to us OCBC bank customers, as OCBC Bank forces us to use OCBC debit card and imposes RM 8.48 annual fee upon us, just because we want to perform fund transfer via OCBC Online Banking.
For some banks, I can choose not to have a debit card, but can still have access to internet banking website. With the access, I can perform fund transfer (IBG and IBFT Transfer) from and to my saving account, with ease. The absence of the debit card only prevents me from withdrawing money from ATM, which is not really a big issue for me. For retail swiping at credit card terminal, I am sure that many of us will use credit cards instead, for better cashback and reward points.
In short, it is unfair for OCBC Bank to remove our ability to perform MEPS Instant Transfers via OCBC Online Banking, just because we do not obtain OCBC debit card.