The National Union of Bank Employees (NUBE) has initiated a signature campaign to eliminate the RM1 interbank ATM cash withdrawal fee imposed by Bank Negara Malaysia. The campaign aims to collect one million signatures to present to the Finance Ministry, emphasizing the fee's impact on lower-income individuals. NUBE argues that while RM1 may seem insignificant, it accumulates to a substantial sum over time, placing a burden on those with limited financial resources.
: The National Union of Bank Employees has officially launched a signature campaign aimed at abolishing the RM1 interbank ATM cash withdrawal fee imposed by Bank Negara Malaysia .
In a statement, today, NUBE general secretary J.Solomon, said:, “While RM1 may not appear big to many, it adds up to a huge amount over time and this is a burden to the lower-income group.”Change.orgThe campaign comes at a time when many Malaysians are feeling the financial strain. Solomon noted that the majority of those affected by the RM1 fee are from lower-income groups, including many NUBE members.
“In 2023 alone, PayNet reported RM544 million in gross revenue and a net profit of RM271 million,” he commented.NUBE aims to raise awareness of the widespread opposition to the RM1 fee among Malaysians.
ATM Fee Bank Negara Malaysia Finance Ministry NUBE Lower-Income Groups
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