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What does online banking costs in Malaysia? What does it cost to use Internet banking services?

Subscription to the Internet banking services is currently free, although this may change depending on the banking institutions.

Fees may also be charged for some services such as interbank fund transfers, telegraphic transfers and requisition for new cheque books.

Do check with your banking institution to find out more about the fees imposed.

Competitive fee structure may apply for using the Internet to conduct your banking activities as compared to using other channels such as branch counter service.

Some banking institutions also offer Internet banking services to their corporate customers and subscriptions to such services may be charged.

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Reprinted with permission from BankingInfo (A Consumer Education Programme)


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Knowledge Base ID :   1256
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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