Do they charge you straight after u open the account or after 1 year of using?

I think CIMB will automatically did that.

Not sure on other banks.

You can request for a basic card which is free but you can only withdraw a limited number of times a month. After that they charge you per transaction about 50sen i think.
Maybank gives you 4 free transactions and CIMB is 8 transactions free if i remember correctly.

It's actually the type of account not the type of card.

If your account is basic saving/current account, you won't be charged for ATM annual fee. With that, you'll be given only limited numbers of ATM withdrawal per month.

So besides the ATM annual fee, whats the difference of a basic savings and a non-basic savings?

felt so cheated man, went to rhb open a very basic savings, give them money, and guess what- RM 8 deducted off right away! =.=

i had that experience too. they just don't bother to tell u.

Even CIMB didnt tell you. They wont give you the basic account by default.
I need to insist that i want the card which has no annual fee then only that fella gave me.

For basic current/saving account, you need to demand for it.

The banks won't promote it since it's a losing money business for them.

According to BNM ruling, all financial institutions must offer them. If they reluctant to do so, file a complaint to BNM.

actually in this case we can report a not? is not fair for a customer to get charge without imforming

I doubt you can win the case.

I recalled last time went to Maybank to open BSA but they do not let me open one due to I already have a savings account with them.

I believe you need to close to the old account first.

Why want to close it? Maybank doesn't charge for ATM annual fee.

This post has been edited by David83: Oct 9 2008, 11:06 PM

CIMB is promoting their ATM card:
http://www.cimbclicks.com.my/atm_index.htm

think the 1st time u get it its 1 year free...after that they will start charging rm8 every year

Well cause Maybank conventional savings only allow 4 free withdrawal per month. But Maybank BSA allows 8 free ATM withdrawal and first 2 interbank fund transfer only costs 50 cents.

I cant close mine for now since my salary goes into my Maybank account.

unlike MBB, how much is RHB bank charging annually for the atm card? thanks.

RM8

You are actually losing more money by keeping money in the bank.
But it's just the safest place to put your money.

Be wise to open a basic saving/current account. You won't lose money for this type of account.

This bank already made a lot of profit.Why bother too charge people with Rm8..

Banks always talk about ROI.

They want to at least break even for the infrastructure they invested few years ago with the introduction chip based ATM card.

ya, my public bank also auto deduct rm8 every year. when u open account, they will also deduct rm8 ma, then will deduct on acc opening date next year and so on lo. But i think maybank didnt have that,right?

Yup.. Even when i open acc that time also they dont bother to let u know till u find out and ask them then they was like " Oh ya... bla bla bla "

mr. lim already damn rich, why don't he close the casino

Maybank doesn't charge but they limit the number of withdrawals per month. You'll be charged for 50 cents per withdrawal on your 5th time onwards.

oh.... so dont withdraw money too many time in a month lo. Just withdraw more cash out 1 times and save it in ur wallet and try use it for 1 month. -.-

Yeap. Just manage it smartly and you won't fall into the charges pit trap.

So will you be charge if you do transfer fund to another maybank account more than 5 times?
It's still free also?

It's free since it's considered under non-cash ATM transaction:

Non-cash ATM transactions such as: | FREE
E-balance enquiry
Funds transfer to any Maybank account
Local cheque deposit
Cash deposit, etc

http://www.maybank2u.com.my/mbb_info/m2u/p...l/ACC-Accounts/

is the type of your accounts,
banks dont simply charge u without a reason,
for more information i think u shud visit their website.

as from what i know, the RM8 is service charge for unlimited withdrawal of moeny directly from bank counter.

RM 8 is not the service charge. It's very likely the annual fee for the ATM card.

Well, each bank has its own combo for ATM withdrawal and over-the-counter service.

For more, one should visit the bank's commercial website.

http://www.pbebank.com/en/en_content/personal/rates/atm.html

if you have a basic savings account, the bank doesn't deduct rm8 annually
when u open account, the rm8 you pay is for your atm card

That's why I'm having a BSA with PB.

I have a JSA (Bonuslink) with PB but no ATM card.

they dont charge you RM8 for the atm card if you open BSA
They'll charge if it's conventional saving account

And certain banks do not charge you annual fee for ATM card. For instance HSBC "Premier Savings ATM card".

But you need to maintain, like rm200,000 in your account right for HSBC premier (inclusive of your other accounts). If not they charge u RM 150 per month

No free lunch in this world~~

even they say no charge, there is hidden fee we might not notice also

I was charged for that too. BTW, is it a 1-time only or annually?

---

Added on November 13, 2008, 3:40 pmI don't think my Public Bank deduct that.

This post has been edited by agape_ian: Nov 13 2008, 03:40 PM

Maybank no annual charge.
but gt RM0.50 for the 5th time u withdraw money in a month.

CIMB gt annual charge RM8.
UNLIMITED withdrawable cash -)

If u can withdraw 16times a month, den better u take CIMB.

guys, you shud change to debit card. can b used as atm card and no charges.. extra function summore.. theres a limit of the withdrawal then will kena charge if account balance less than sum ammount but u wont take out money so often right..the charges accumulate oso wont reach rm8 per year

List down which debit card had no annual charge?

maybank debit card

So far there's this Mastercard Debit card.... It's better in the sense that although it's the same as other Debit cards, but it's Mastercard branded, so more "recognized"...

maybank debit card also have the master card simbol

Public Bank do with the exception of "Basic Savings Account" of course. Upon issuance of the ATM card, you'll have to pay RM8 (cash) directly to the customer service agent entertaining you. Then a year later on the same date, RM8 will be automatically deducted from your account.


They have a daily cap like RM3000 or RM5000. Depends on what account you're holding.


Maybank VISA Debit probably is the only debit card that has no annual fee. I have the Standard Chartered Debit Mastercard (also works as my ATM card to access my savings account at StanChart) and it has a chargeable annual fee of RM8 which is totally fine given that the interest rate of the account is high.


You sure ? It's a VISA debit card. But i believe the old Maybank ATM card (yellow one) bears the "Cirrus" logo which mean you may use it any any ATM that supports "Cirrus/Mastercard".

This post has been edited by MilesAndMore: Nov 13 2008, 11:38 PM

You know... I have 3 ATM cards with 3 different banks. (Maybank, CIMB and HSBC). I've never paid any fee for applying the ATM card, and I don't remember paying any annual fee, or any fee deducted from my Savings Account.

I don't know about Maybank and CIMB but as for HSBC, they do charge you RM8 as the annual fee for your ATM card except for Premier customers. HSBC CS told me they will deduct directly from our savings account but i don't remember seeing that in my statement either.

Is HSBC a good bank?? Like i have heard of many ppl using HSBC but then again i feel it is very corporate like..where it only caters to corporate and not consumers like us

CIMB deduct RM8 directly from the saving account.
Maybank do not deduct RM8. They will charge RM0.50 for each extra withdrawal if the monthly withdrawal is more than 4 times.

Hehehe, I pestered the customer service to find me an account that doesn't require me to pay the RM8, and no annual fee. In the end, she found me one.

Guys, if you still don't know. You can actually withdraw more than xx times without paying the 0.50 withdrawal fee. I was told by the customer service that you could withdraw RM1,500 as many times as you like without incurring the 0.50 fee. However, for any other amounts, there's a limit of number of withdrawals. After that limit, will charge the withdrawal fee.

So, did you try that before personally?

Yes. I withdraw RM1,500. Then bank-in RM1,000. Keep RM500 in my wallet.
In a month, sometimes I withdraw more than 4 times. I've never had my account deducted with any withdrawal fee before.

It is a bank with many high net worth customers. A highly recommended bank. But Public Bank is just as good in my opinion. Probably the best local bank.

i not really understand wat u mean, is that u say as long as we withdraw RM 1500 then there is no RM0.50 charge for withdrawal more than 4 times?

means we need to withdraw exactly RM 1500?

But as my understanding, the maximum amount to be withdraw from ATM is RM1000, if amount more than that we need to spread it up to 2 or 3 times to withdraw. For instance, RM 1500 we need to withdraw RM1000 first then withdraw RM500 afterwards.

not really understand, thanks for illustration

Which bank and what type of acc?

My CIMB account just got deducted with RM8 mid January 2009...
If you go to any CIMB atm, you will see a message posted on the boards regarding their new 'ANNUAL CHARGE of RM8' for atm cards.

This is really ridiculous as I do NOT withdraw any money form my CIMB account, neither do I need an atm card.
But when I went to open the account, I was told that all accounts now have no more bank books and onyl come with atm cards..
Not only that, but when I want to return my atm card and ask for a bankbook instead, they say its not possible.

I have account ins Public Bank and Maybank, both of which do not charge such ridiculous charges.
Haven't they made enough with our money already?

From what I know is they will charge you RM8 the moment you open the account and in th beginning of every year thereafter they will also charge RM8.

CIMB can withdraw RM1500 at a time. Not sure bout other banks though. But my MBB daily limit is 1k only.

the withdrawal limit can be changed up to 5k anytime on the ATM machine for Maybank

I understand your predicament, that's why I opened a "Basic Savings Account" which has one option for RM8 ATM fee waiver.

Click here (Basic Savings Account) - P.S You can't really find it on the website. I had to google search this page!

The only problem is that you'll need to limit your ATM withdrawals to 8 times a month and really (and I mean REALLY) insist on the bank officer that there is such an account.

ALL banks in Malaysia must offer this Basic Savings Account as per Bank Negara's ruling. However many bank officers do not know that such account type exists (as they're used to opening the normal savings account)

For your case, I think you'll need to close the normal savings account and reopen to a Basic Savings Account. Try talking to the branch manager and see if they can help make the change for you.

thank you very much

this year standard chartered bank doesn't charge me RM8 like last year ... i think because my saving account has more then rm5k, unlike last year <rm5k ... i don't know exactly more then how much then they wont charge ...

same as maybank, if your account has more then 6k i think, then for the 5th atm transaction they wont charge rm0.50

8 bucks ? wht !!! ?

ea transaction rm 8 ? no way man ... 100 ppl do 100x8 = 800 ? crazy ?

I got PBB, CIMB and RHB bank account.
Can I change all my RM8/Year saving account to Basic Saving Account?
Any charges?
The account number still remain?

it's because they are giving u the Debit card... my friend experience the same things.. but lucky they tell before deduct.. sorry no more atm... all debit card... then my friend stood there tembak tembak tembak and finally.. waived...

just to check does it looks like those tesco card? and not atm card? if it's the same then congrats.. you're on the same boat as my friend..

This post has been edited by mcmak: Feb 16 2009, 09:57 AM

I have an RHB saving account and I've never seen RM8 deduction in my account. Maybe it because I dont have a bank book. With bank book, I have to pay annual fee.

means basic saving account wont issue a bank book to us?
then how should i know my bank account number?

May be not the case with every bank. I know that CIMB Bank offers savings account that come with a passbook or a quarterly consolidated statement and they do charge RM8/pa (ATM card fee) for both types.

Maybank recently gives its customers the option to choose either the annual fee free ATM card (but with RM0.50 charge starts from every 5th transaction of the month) or RM8/pa for unlimited withdrawal. It makes me wonder if they still waive the RM0.50 charge for those who choose the annual fee free ATM card with more than RM5000 inside their bank account ? Any clue guys ?

One more thing, does Maybank still issue the MEPS ATM card (the yellow one) ?

I don't think that they're still issuing yellow ATM card. They have migrated to cherry ATM-Visa Debit card.

Then should i decide to open an account with Maybank one day i can't have the MEPS ATM card then ? And Maybank will charge me RM10 or RM12 if i use the ATM VISA debit card to withdraw money from my Maybank account via other local banks' ATM ?

This post has been edited by MilesAndMore: Mar 20 2009, 01:55 PM

they charge only RM1 if u using other local bank ATM coz it works like normal ATM card..only different is,u can use tat debit card for shopping also.
and now,they are encouraging maybank users to change frm the ATM card to Debit Card.

The cherry card should retain all the previous features in the yellow ATM card; i.e. MEPS, Bankcard and etc.

RHB charge me RM8 for the annual fee every year.
I think because i have the passbook when i open the account.

The RM 8 is not charged on the passbook.

HSBC charged on atm card yearly...not remember how much furthermore there was one time I withdrawl other bank atm using HSBC atm card and they charged me RM10 for RM100 that I drawl.

I noticed certain banks such as CIMB Bank, RHB Bank and AMBank have two choices of basic savings account. They termed it as Option I and Option II and you can choose whichever fits better to your needs when opening the account with them.

Option I
- No annual fee on ATM card
- 6 free over the counter transaction a month
- 8 free ATM withdrawals a month
- RM1 each time you exceeded the threshold

Option II
- RM8/pa for ATM card
- Free unlimited over the counter transaction
- Free unlimited ATM withdrawal


On the other hand, basic savings account offered by Maybank, Public Bank, Hong Leong Bank and Alliance Bank do not come with any choices. The rules for basic savings account for these banks are exactly the same as Option II. Should you want an unlimited over the counter transaction and ATM withdrawal, they will ask you to open their house savings account instead (**except Maybank).

Anyway, i recently went to EON Bank to open a basic savings account and i was charged RM8 upfront for their ATM card. I am not exactly pleased with it as i do not use it much. I just need the account to help my mom to repay her card loans and now that i have a savings account with EON Bank, i can do it over the ATM at night when there are plenty of parking spots. I wondered why EON Bank doesn't offer free ATM card to its basic savings account holders

The annual fee for HSBC ATM card is RM8/pa, just like any other banks.

HSBC charged you RM10 to withdraw money from other bank because you were using the "PLUS" network. If you withdraw money via "HOUSE ATM", you will only be charged RM1 per withdrawal. "HOUSE ATM" members are HSBC Malaysia, Standard Chartered Bank Malaysia, OCBC Bank Malaysia and UOB Bank Malaysia.

for pbb, it is straight after u open the account; subsequently, every year will be on the same date and month....

i used HSBC powervantage, it charges RM5 per month coz my acct always less than RM5K. But since i signup the home loan from them, I requested to waive the RM5 per month, they approved so i dun pay to them anymore.

The RM5 is the account maintenance fee for your PowerVantage account. He/She was talking about the annual fee for ATM which is chargeable once a year. Only the ATM card for HSBC Premier, HSBC Basic Savings Account, HSBC Amanah Savings Account-i do not have annual fee.

oops, I plug to wrong socket

anyway, i dun apply ATM card, I requested to combine my ATM and my HSBC credit card in one & I now use CC to withdraw money from saving account and flexi loan acct, 3 in 1 card. No need to carry many cards but high risk, if hilang means i lost 3 cards together.

Oh yeah. They can indeed combine it into your HSBC credit card, if you have any but i opted not to. Because i might use it to withdraw for cash overseas and i do not know if i'll be given option to choose if i can withdraw it as cash advance or directly from one of my HSBC savings-cum-current accounts. Withdrawing cash advance is a no-no for me

my 3 in 1 CC at ATM will show all 3 acct nos before u proceed, u press the button to select which acct u want to make transaction, so, me too, no no no cash advance from CC

Oh, i see. That is nice to know. But i'm afraid it might has the same issue as the Standard Chartered Titanium credit/debit card. It is a 2-in-1 card which also works as ATM card, similar to yours. In Malaysia, we can choose which account we want to withdraw the cash from but when in overseas, all cash withdrawal will be automatically made from the credit card account without giving you an option to choose and those are cash advance. Scary

If i m not mistaken, I withdraw money from my HSBC powervantage via my CC in Singapore few years ago, it doesn't charge to CC but not sure the exchange rate good or bad. i'm going to singapore tomorrow, if manage to see HSBC ATM there, will try again & test whether it will show 3 acct number for selection b4 transaction, let u know then.

This post has been edited by mars1069: Oct 29 2009, 09:47 AM

Thanks a lot

are u sure u can't withdraw from your current justone account from overseas ?

Yes. Affirmative.

Hi, my company's using Alliance bank account, every year they charge RM 8 as well.....i was like...what the hell....until i saw this thread abt ATM's that charge RM 8 anually.......RM 8 can buy a nice plate of nasi kandar & teh aisnear my office d...

Never mind lah. Most of us are paying RM8 - RM20 annually for each of the ATM card we're holding too

This post has been edited by MilesAndMore: Oct 30 2009, 11:43 PM

My Public Bank just charge me RM8 on 2009-10-04...

HANDLING CHRG
- BANKCARD ANNUAL FEE DEDUCTION OF RM8-00 FOR 04/10/
- 2009

guys i went to public bank on lunch time. when took $ from atm i noticed it deducted RM 8. so i asked the counter, that fella said bank charged annually for the atm card & services so the problem r here > my card is red color (mean old 1) it never spoiled so y they charged me? damn~ he said changed new atm card is foc but if u spoiled urself u need pay some fees. my Q is how they know i spoiled the card myself? i said never received any further notice???

can any 1 work on bank or know about this regarding issue explain it???? thanks~

remark my maybank left RM 9.xx for many years, meaning maybank never charged us. so far i just notice CB PB charged us!

This post has been edited by joanneway: Sep 13 2011, 05:01 PM

RM8 is the annual fee for your ATM card. They will charge this to your account on an annual basis and not only when your card is spoiled. When your card is spoiled or your lost it and apply for a replacement card, you will be charged RM12.

By the way, the first Public Bank ATM is red/white in color, then they changed to color to blue/white one. Now they issue the VISA debit card for all newly opened account.


That's because Maybank allows you to choose to pay ATM card annual fee (RM8) for unlimited ATM cash withdrawals or no need to pay ATM card annual fee but you are only entitled for 4 free withdrawals every month and you will be charged RM0.50 for each subsequent withdrawal. All other banks have the exact same policy as Public Bank and they will charge you RM8 for ATM card annual fee.

If you do not want to pay ATM card annual fee, request to open a **Basic Savings Account and tell them you do not want to pay ATM card annual fee.

This post has been edited by MilesAndMore: Sep 13 2011, 06:08 PM

Miles may know about my case

open Citibank basic savings account, I was informed by the officer it will be a RM 8 charge for Debit card. I have asked this is not an annual fees rather than one time charge.

today check in the system the RM 8 is meant for 'Replacement of debit card'. I think this is not right since I'm not replacing a card but getting new card. not sure whether this RM 8 for card is normal practice or not

standard charges of RM8. unless u report as lost and stolen card then only waive

I have read their fine print, for CB new applicant also they charge RM 8

but other bank like maybank they will give free for new account

RM8 is applicable for first time new debit card application too and it is a one-time payment.


Banks won't waive the card replacement fee for ATM/debit card, even if you report it as lost or stolen. ATM/debit card replacement however, is FOC for HSBC Premier, Citibank Citigold, Standard Chartered Priority etc.


Have to specifically request for the non-fee ATM/debit card now as all new Maybank account is put on the with annual fee option that allows you to withdraw cash from any Maybank ATM as many times as you like.