Customers paying the price for cashless transactions


PETALING JAYA: Several banks have come under fire for charging fees when customers make loan and credit card payments with cash or cheques over the counter or through deposit machines. At least two other banks have announced they would do the same from next month.

The Association of Banks in Malaysia (ABM) says the fees are imposed to “encourage customers to move from cash to electronic payments” but consumer groups argue that this practice is unfair to those who do not do their banking via digital channels.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Online gambling syndicate for foreigners busted in KL
Two men detained over fatal shooting in Nibong Tebal
MH370 search records 7,236 sq km with no significant findings so far
Judiciary sets up dedicated High Court for corruption cases
Thai police seeking Malaysia’s cooperation in hunt for suspected drug dealer
Boy dies choking on rambutan seed
Female cop and brother remanded over alleged RM30,000 bribery
IJM Corporation denies scrutiny from UK fraud office
Early voter turnout of 93% for Kinabatangan, Lamag by-elections, says EC
Defence Ministry announces four senior Armed Forces appointments

Others Also Read