Why some ATMs are still charging RM1 for cash withdrawals despite the fee waiver
- ID
- 2519
- Status
- summarized
- Published
- 03 Jul 2026, 12:50 PM
- Fetched
- 03 Jul 2026, 12:55 PM
- Provider
- SoyaCincau
- Category
- malaysia-tech
- Original URL
- https://soyacincau.com/2026/07/03/why-atm-still-charge-rm1-meps-cash-withdrawal/
- Source URL
- https://soyacincau.com/feed/
Summary
- Score
- 6.0
- Created
- 03 Jul 2026, 12:55 PM
- Tags
- Audience
- saas_startup_foundersdevelopersvibe_coders
What happened
Effective July 1, 2026, Malaysian banks waived the RM1 MEPS interbank ATM withdrawal fee, but some users are still being charged. This occurs because not all ATMs in the country are part of the MEPS network, meaning certain machines still apply the fee.
Why it matters
Highlights the nuances of Malaysia's payment infrastructure, showing that nationwide fee waivers can have exceptions based on network participation. This is important context for fintech builders and startups dealing with local payment systems and consumer expectations.
Discussion angle
How do partial network rollouts and legacy infrastructure exceptions affect user trust in digital banking and fintech products in Malaysia?