Starting July 1st, Malaysian bank customers will no longer be charged the RM1 fee for withdrawing cash from ATMs or smart recycler machines belonging to other banks. This nationwide initiative removes the longstanding interbank fee for ATM withdrawals. The change applies to all banks operating within Malaysia, offering customers greater convenience and cost savings. This decision aims to reduce financial burdens on consumers and promote a more accessible banking system. The move is expected to impact millions of Malaysians who regularly use ATMs for cash withdrawals. Details regarding implementation are being finalized by the banking institutions. This fee waiver applies to transactions at both automated teller machines (ATMs) and smart recycler machines (SRMs).