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.
