Most of the banks I found charged RM 8 annual fee for CASA account.

Which bank can waived annual fee ?

None. Unless you apply for free basic savings account.
Or you cancel the debit card.

This post has been edited by Ramjade: Sep 1 2022, 09:22 AM

Maybank need call in cancel the service one. Mae no 8rm annual fee I think.

I am not really sure but I think Maybank don't charge for my Savings account, but it is an old account for many years.

CIMB has free BASIC SA account. My PBB don't.charge either because I didn't bother to renew my ATM card when there was an exercise to change to new cards by all the banks some years back.

RHB Smart Account will waive if you performed a few debit transactions per year.

not just Basic Savings Account (BSA), you must choose the RIGHT type/option as well

always get BSA WITHOUT FEE

i should've done this. never mind i've since closed those accounts since DuitNow means i have no reason to maintain separate accounts to escape GIRO fees

Basic saving account no rm8 charge but they never advertise this type of saving accounts.

This post has been edited by cempedaklife: Sep 1 2022, 02:17 PM

I think most banks should have some version of a no annual fee, basic savings account, but of course it's not advertised cos the annual fee x client base = $$$$ for them

Both my Public Bank and Maybank BSAs no annual fee; I just tell them that I don't need the unlimited ATM withdrawals.

CIMB octo account have debit card annual fee waiver.
HSBC Perks@Work free debit card annual fee waiver + free MEPS withdrawal but must have salary credited to the account.
SCB have something similar to HSBC Perks@work
MBB allow u to change to the basic debit card account where in 1 month you can withdraw 4 time without charges, subsequent withdrawal will charge 50 sen.


This post has been edited by developer: Sep 1 2022, 07:29 PM

I seriously think that they really should just waive when ppl put huge deposits with them. Most ppl who puts huge deposit dun even use their ATM facilities but are more interested in transferring their monies to a primary acct that's all.

I mean I am a privilege customer for hlb and yet I still have to pay in order to get a debit card.

If 2 banks offer a similar fd rate, customer will still go to the one that does not charge a fee in their savings acct even if the bank is a little far away. It's the psychology effect.

This post has been edited by BrookLes: Sep 1 2022, 07:37 PM

RM 8 fee?
Some is RM15 😃

Anyway....

Can open Basic Saving Account
Need to ask specifically.... When open...

i think every bank has no annual fee saving account, it is just that it is their modus operandi not telling u that and open the ones with annual fee if u din specifiy.

If i remember correctly, there are 2 types
1. annual fee of RM8 with unlimited withdrawal
2. no annual fee, but limited to 4 withdrawals from ATM per month

FYI, look at the section of Basics Savings Account-i Without Annual Fee

https://www.cimb.com.my/en/personal/help-su...html?#sa-plus-i

All MALAYSIAN banks can.

Maybank needed to walk in to branch to opt for BSA (NO FEES). Same with Affin Bank and RHB Bank. Only OCBC I needed to call to cancel the debit card for my 360 Account.

Currently having 4 savings accounts (3 with debit cards) all paying no annual fees.

Some banks will tipu-tipu tell you got no version with no annual fees. Just threaten to report the officer and branch to BNM. All Malaysia/Local banks have BSA with no fee options. Only SG/Foreign banks don't need to cater to this ruling.

This post has been edited by contestchris: Sep 5 2022, 04:05 PM

Any banks offer CASA that waive MEPS withdrawal fees that can be opened online?

I still have 2 accounts, one BSA With Fee and one BSA No Fee. My thoughts previously was that I may want to use ATM more often hence to keep the BSA with Fee. Byu seriously do they charge you u you do over the number of times on ATM/counter per month? Is it costly?

All banks do offer basic saving account which has no ATM fees... just that the officer that handle you wanted to let you open such account or not... cause end of the day rm8 is the company's money, thus they need to operate it as per 'instructions'... one way to get rid of it is (when the officer that handle you cannot offer u such BSA) get him/her to talk to the branch manager and tell them u will complain to bank negara... and than u will get what u want...

if we did not renew the debit card, we dont need to pay the rm8 even previously kena rm8?

I dunno...I never seem to get charge the last couple of years.