Can someone confirm this for me:
"I live in Malaysia. It's going to depend on your banks limit. You can take out up to 5,000 RM out of the ATM if your bank allows you to withdraw that much. There is usually a 3 RM fee if you use a different ATM than your bank. When I use my US ATM I have taken out 1,000 USD without a problem. There will be an exchange fee, but it depends on what your bank charges. Once again, when I withdrew from my US account here it was 3 RM to withdraw and 3-5 RM exchange. Nothing too pricey."
I was reading that the max. withdrawal amount was RM1500 and there were no fees? Just wondering.
very logical answer: depends=varies. By both bank in MY and YOUR bank home.
READ: it very clearly says the limit ''as set by YOUR bank''. This may also vary by type of account you hold-and sometimes even how much money you have left in it (do never assume that anyone here only deals with US or OZ banks-its a worldwide forum).The Malay banks may also have different limits, may vary the limit as per type of customer-and also by how much money and what type is left in the ATM-most are set to never give out more as 20 notes in 1 transaction.
#4 captainbkk has been a member since 16/2/2012. Posts: 472
In general when used with a local bank account, withdrawals have a maximum of MYR3000 (about USD $950) a day and a maximum of MYR 1500 (USD $575) per withdrawal transaction. But it all vaies when withdrawal using a foreign account, it all comes down to how individual bank regulates oversea transaction.
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#6 eatplayshopmy has been a member since 4/6/2013. Posts: 1
Why is it so important to know exactly? I am guessing, like every other country, the reason you are getting different replies is that it depends on the bank you go to and possibly even the individual ATM.
To me the information other people have posted(and that I see on google) looks great, you can take out tons of money with little to no extra fees. That is better then most other places in the world.
As for your Thailand limit of 27,000. That is likely your home bank's limit, all cards have withdrawal limits and in your case it seems yours would be 800-900 CAD which would be 2500-2800 RM.
Curious. Just want the facts
I know there are no fees - that was easy to establish. But the withdrawal limits often change - AEON only let withdraw a limit of 20,000 baht this time vs my last trip which was 27,000. I get charged fees in my country - so knowing the withdrawal limit is useful. As I also have cash & TC's as an option.
2014-08-04 Langkawi, Malaysia. MayBank ATM card max withdrawal 1,000 MYR. Withdrawal amount limit must be set by the Malaysian Bank's as my withdrawal limit is higher for example in Thailand. I have been told other bank atms will allow 1,500 MYR withdrawals. I pay a $5.00 CAD service fee for each withdrawal so limiting them is simply more economical. Going into the bank to deal with a person did not change the withdrawal limit but the 2 transactions per day was confirmed and used unfortunately.
The person at Maybank could not do the two transactions as one.
20014-07-31 MAYBANK withdrawal of MAX 1,000 MYR = $352.06 CAD + $5.00 CAD service fee results in very a poor exchange rate of 2.8006.
I know it's not fortunes however for long term travellers the service fees can add up very quickly.