Didn’t you know that after the 4th ATM withdrawal, for each withdrawal you’ll be charged MYR 0.50? So, it is better to purposely withdraw bigger amounts that can last you for a week. Save the money in saving account will not help you to get higher interest. It is just 0.2-0.3% annually. Besides that, it can also lessen your waiting time and spending time to the branch/ATM.
Why Maybank Like To Charge People ?
I think the purpose for banks to charge another MYR 0.50 after 4th withdrawal was prevent Maybank’s user misuse ATM machine and this may save their server resources. Imagine if all user withdraw RM10 from ATM machines daily, then huge of databases need to be backed up daily, heavy traffic load which may lead to system failures.
If we transfer money from maybank2u to other maybank account it’s free of charge. But if transfer to other bank (citibank, hong leong bank etc) they will charge you RM2 per transaction.
If you use Maybank ATM to top up your Touch N Go, then you also need to pay additional MYR 0.50.
You can choose to have the MYR 8 annual fee instead. Then you can enjoy unlimited ATM withdrawals and counter transaction.