Without a doubt, Maybank has the largest reach in term of ATM network in Malaysia. You will see the yellow ATM machine everywhere in shopping complexes, petrol stations, etc.
If you are a Maybank customer, are you aware that Maybank does not charge RM8 annual fee for their ATM services unlike most other Banks. However, only the first 4 cash withdrawals in a month is free. Each withdrawal thereafter is charged RM0-50.
But there’re ways to avoid the charge. First, maintain minimum of RM5,000 in your account. If that’s not possible, withdraw RM1,500 every time. Apparently, withdrawal of RM1,500 is not counted. You may then deposit the balance of the sum back into a cash deposit machine.
e.g. You intend to withdraw RM300. Just make a withdrawal of RM1,500 from the ATM and deposit the balance RM1,200 into the Cash Deposit machine.
From what I heard, Maybank is earning as much as RM1 million per month from the small RM0-50 fee. And their income from other Bank customers using their ATM network is even more interesting, a whopping RM18 million a month!!! Just to show, small fee goes a long way ;p