Heading across the Causeway? Here’s a Malaysia ATM withdrawal guide for everything you need to know — from fees to recommended locations for foreign cards.
Here’s why Malaysia ATM guide will come in handy. Picture this: You’re headed into JB for an impromptu weekend trip away or a late-night supper run, and you’ve got no time to spare to withdraw ringgit at money changers. And as we all know, not all establishments in JB accept card or contactless payments. So, what now?
No worries, we’ve got you covered. This guide covers everything you need to know about withdrawing cash in Malaysia, including fees, ATM locations, and exchange rates! And if you’ve got a multi-currency card like YouTrip, then you’re already saving extra with competitive MYR exchange rates and zero FX fees.
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❗️ Update: Malaysia money changers now require you to share personal details
Previously, only those who change foreign currency worth RM3,000 (~S$851.14) and above in Malaysia, must provide their full name, identification card number, and date of birth. However, under a new bank rule, money changers in Malaysia now require customers to declare their personal information even when changing foreign currency worth RM3,000 and below. Meanwhile, foreigners including Singaporeans, need to show their passports.
We suggest heading to the nearest ATM in Malaysia and enjoying free withdrawals of up to S$400 in foreign currency with your YouTrip card! More on that below 👇
Malaysia ATM Withdrawal Guide: Fees, Locations, Exchange Rates 2025: Find out how to capitalise on the Malaysain ringgit here
Where to find ATMs in Malaysia
Image credits: Swedish Nomad
Malaysia has an extensive ATM network, especially in major cities like Kuala Lumpur, Penang, and Johor Bahru. You’ll easily find ATMs at airports, shopping malls, banks, convenience stores, and even petrol stations.
The biggest banks in Malaysia with widely available ATMs include:
- Maybank — the largest bank in Malaysia (Locate your ATM here)
- CIMB Bank (Locate your ATM here)
- Public Bank
- RHB Bank (Locate your ATM here)
- HSBC Malaysia — ideal for those who already bank with HSBC globally (Locate your ATM here)
- Hong Leong Bank (Locate your ATM here)
- Affin Bank (Locate your ATM here)
- Bank Simpanan Nasional
- Alliance Bank Malaysia (Locate your ATM here)
Tip: Locate the nearest ATM using this app – ATM Locator Malaysia
If you’re heading to smaller, rural areas or islands, ATMs may be scarce so do withdraw enough cash beforehand!
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Malaysia ATM Withdrawal Fees
Good news! Most Malaysian banks do not charge additional ATM withdrawal fees for foreign cards. However, your bank back home may charge you an ATM withdrawal fee and a foreign exchange fee per transaction.
While ATM withdrawal fees vary depending on your bank, if you’re using a regular bank card for your withdrawals, you might get hit with extra FX fees typically ranging between 2.50% to 3.50%.
If the ATM does levy a surcharge, don’t worry — it’ll typically be displayed on the screen before you confirm your withdrawal.
Looking to avoid those fees? Get a YouTrip card for zero FX fees and free S$400 in ATM withdrawals every calendar month. After that, there’s a small 2% fee. More on that below 👇
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Malaysia ATM Withdrawal Limits
The amount you can withdraw per transaction depends on the bank. Common limits include:
- A limit of 1,500 MYR – 3,000 MYR (~S$452 to S$904) per withdrawal
- Some banks allow up to 4,000 MYR (~S$1,206) per withdrawal
- There may be a daily withdrawal limit set by your bank
- Note that majority of ATMs only dispense 10 MYR and 50 MYR notes
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Avoid fees with YouTrip
With your YouTrip card, you can enjoy FREE withdrawals of up to S$400 in foreign currency per calendar month. There will be a 2% fee imposed thereafter when you surpass the S$400 threshold. But not to worry, this S$400 calendar limit will reset on the 1st of every month.
Here are some additional things to take note of:
❗YouTrip has a daily withdrawal limit of S$5,000
❗Some overseas ATM operators may impose additional fees. However, this will typically be displayed in the ATM before withdrawal.
❗Withdrawals from local ATMs in Singapore are not supported.
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How To Make ATM Withdrawals With YouTrip:
Here’s how you can withdraw ringgit at Malaysia ATMs with YouTrip in 4 easy steps:
1️⃣ Locate an ATM displaying the Mastercard®, Maestro® and/or Cirrus® logos and insert your YouTrip card
2️⃣ Key in your 4-digit ATM PIN
👉 Note that from 28 June 2024, you’ll have to update your 4-digit App PIN to a 6-digit App PIN. Your ATM PIN will remain the same 4-digits.)
3️⃣ Select ‘Saving account’
4️⃣ Withdraw your desired amount in MYR to avoid DCC charges for currency conversion
🎉 Enjoy FREE S$400 monthly withdrawals with YouTrip per calendar month with a 2% fee imposed thereafter
And there you have it — you won’t ever have to worry about running out of cash in Malaysia.
Malaysia ATM Withdrawal Guide: Fees, Locations, Exchange Rates 2025: For more content like this, follow us @YouTripSG on TikTok!
🔔 Need help resetting your ATM PIN?
1️⃣ Head to the ‘Cards’ tab in your YouTrip app
2️⃣ Tap on ‘Manage’ & click on ‘Reset ATM PIN’
3️⃣ Enter your new ATM PIN upon prompt to reset
🔔 If you wish to change your APP PIN:
1️⃣ Head to your YouTrip app > tap ‘More’
2️⃣ Select ‘Security’ > ‘Change APP PIN’
Malaysia ATM Withdrawal Guide: Fees, Locations, Exchange Rates 2025: Find more on ATM withdrawals with YouTrip here
Tip: Use a multi-currency card with the best exchange rates and low fees
When travelling overseas, it’s important to get a multi-currency card that can help you save on foreign exchange rates and pesky fees. A multi-currency card allows you to spend like a local without the usual markups or extra charges your typical bank would normally charge — some even waive the FX fees entirely.
Below is a quick comparison between some of the best multi-currency cards in Singapore:
| YouTrip | Revolut | Wise | Amaze | Trust | |
|---|---|---|---|---|---|
| Exchange Rate | 1 SGD = 3.318 MYR | 1 SGD = 3.304 MYR | 1 SGD = 3.304 MYR | 1 SGD = 3.317 MYR | 1 SGD = 3.304 MYR |
| FX Fees | No fees | On weekdays: No fees apply if you’re within your plan’s fair usage limit On weekends: 1% fee applies regardless of your plan | From 0.43% with a min. fee of S$0.01 (fee varies by currency) | No fees for FX transactions ✅ 1% fee (min. fee of S$0.50) for SGD transactions involving GrabPay, prepaid cards, & other e-wallet top-ups | No fees |
| ATM Withdrawal Fees | ✅ Free monthly S$400 in ATM withdrawals with a 2% fee thereafter | ✅ Free monthly withdrawals of up to S$350/5 withdrawals with a 2% fee thereafter | ✅ Free monthly withdrawals of up to S$350/2 or less withdrawals with a 1.75% fee thereafter | ✅ 2% fee on the value of all amounts withdrawn | None |
*Rates taken as of 6 Mar 2025
A Guide To ATM Withdrawals With YouTrip In Malaysia: Check out this guide for the Best Multi-Currency Cards In Singapore
Get the best MYR rates with YouTrip!
Image Credits: DESIYATRI.com
Withdrawing cash in Malaysia is straightforward as long as you’re aware of potential fees and pitfalls. Stick to bank ATMs, avoid unnecessary currency conversions, and plan your withdrawals wisely to make the most of your money while travelling. And as usual, don’t forget to bring along your handy dandy YouTrip card so you can score the best MYR rates!
As Singapore’s favourite multi-currency wallet, we aim to get those pesky fees out of the way and help you save on your travels. With the best foreign exchange rates, no longer will you have to deal with those long queues at money changers! So if you’re looking for a go-to travel card, sign up for your complimentary YouTrip card today with <YTBLOG5> and get FREE S$5 in your account! For more great tips and articles like this, join our Telegram (@YouTripSG) and subscribe to our free weekly newsletter here or down below.
And while you’re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad? Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad! 💜
Happy travels!
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