Topic
#banking
4 articles
Money Taken From Your Bank Account Without Consent? When Malaysian Banks Must Refund You (2026)
Since 1 October 2024, Bank Negara's SEFT policy has set out when a bank must absorb a fraud loss on a transaction you never made, how fast it must answer you, and when it must lend you up to RM5,000 while it investigates. Here is how it works, what it does not cover, and where to go if the bank says no.
Free ATM Withdrawals in Malaysia: Which Machines Dropped the RM1 Fee, and Which Still Charge It
Since 1 July 2026, withdrawing cash from another bank's ATM in Malaysia costs nothing, with no monthly cap. The catch is that the waiver only covers machines run by banks. Euronet, Safeguards and Reachful machines at convenience stores and petrol stations can still charge RM1. Here is how to tell them apart in two seconds, and what the waiver does not cover.
CIMB eFD October 2026 Campaign: Up to 3.83% p.a. for 15 Months From RM1,000, Open Until 3 November
September's CIMB eFD campaign closed on 30 September and the October round replaced it the day before. It is better at the long end: 3.83% p.a. for 15 months and 3.80% for 12 months on a conventional eFD, 3.70% on a 7-month Islamic eFD-i and 3.40% for 3 months, from a single RM1,000 placement made online by 3 November 2026. The 6-month tenure is gone, and for six months Hong Leong's 4.05% (to 12 October, fresh funds only) is the higher number.
Scammed in Malaysia? Call 997 First: The Call Is Now Your Police Report, and the Hours After a Transfer Decide What Comes Back
If money has just left your account to a scammer, the single most useful thing you can do is call 997. The National Scam Response Centre has run 24 hours a day under the Royal Malaysia Police since September 2025, and the call itself is treated as your police report. Speed decides the outcome: one victim who called eight hours late got back RM170,000 of more than RM800,000, and of the RM542 million Malaysians reported losing in 2025, only RM6.7 million had been returned. Here is the order of steps, the fake NSRC call to hang up on, and how to check an account before you pay.