Malaysia ATM Withdrawal Guide: Fees, Locations, Exchange Rates 2026
Heading across the Causeway to Johor Bahru for supper, shopping, or a quick weekend escape?
Here’s why this 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 cards 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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TL;DR: Malaysia ATM Withdrawals for Singaporeans
| Question | Quick Answer |
|---|---|
| Are ATMs widely available in Malaysia? | Yes — especially in JB, KL, Penang and airports |
| Do Malaysian ATMs charge fees? | Usually no local surcharge, but your SG bank may charge 2.5–3.5% FX fees |
| How much can I withdraw? | Typically 1,500–3,000 MYR per transaction |
| Should I use money changers? | Now requires personal details (even under 3,000 MYR) |
| Cheapest way to withdraw MYR? | Multi-currency cards with 0% FX fees |
Table of Contents:
- Malaysia Money Changer Update
- Where to Find ATMs in Malaysia
- Malaysia ATM Withdrawal Fees
- How to Withdraw MYR Without Paying Extra Fees
- Malaysia ATM Withdrawal Limits
- Best Multi-Currency Cards for Malaysia ATM Withdrawals
- Avoid ATM Withdrawal Fees with YouTrip
- Step-by-Step: How to Withdraw Cash in Malaysia
- Reset or Change Your YouTrip PIN
Update: Malaysia Money Changers Now Require You to Share Personal Details
Previously, ID was required only for exchanges above 3,000 MYR.
Under updated regulations, all customers must now declare personal details, even below 3,000 MYR. Foreigners (including Singaporeans) must present 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 
Related Guide: Find out how to capitalise on the Malaysian 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!
Related Guide: Here’s how you can make the most of your Touch ‘n Go eWallet in Malaysia
Malaysia ATM Withdrawal Fees
Most Malaysian banks do not charge an additional ATM withdrawal fee for foreign cards.
However, Singapore-issued debit cards typically charge:
- 2.5%–3.5% foreign transaction (FX) fees
- Overseas ATM withdrawal fees (varies by bank)
- Potential Dynamic Currency Conversion (DCC) markups
If an ATM operator applies a surcharge, it will be shown on-screen before you confirm.
How to Withdraw MYR Without Paying Extra Fees
To minimise charges:
- Always choose to withdraw in MYR, not SGD (decline DCC).
- Select “Savings Account.”
- Check the screen for any surcharge notice.
- Use a multi-currency card with 0% FX markup.
This alone can save 2–4% per withdrawal compared to traditional bank debit cards.
Related Guide: Here are 21 Things To Do In Mount Austin JB | Food & Activities (2025)
Malaysia ATM Withdrawal Limits
Typical ATM limits in Malaysia:
- 1,500–3,000 MYR per transaction (~S$485-970)
- Some banks allow up to 4,000 MYR (~S$1,293)
Additional notes:
- Your Singapore bank may impose a daily cap
- Most ATMs dispense 10 MYR and 50 MYR notes
- Some card providers may apply Malaysia-specific limits
Related Guide: Here are 12 fun things to do in KL
Best Multi-Currency Cards for Malaysia ATM Withdrawals (Singapore)
If you travel to JB frequently, a multi-currency card can significantly reduce FX costs.
Here’s how popular Singapore options compare:
| Card | Exchange Rate* | FX Fees | Free ATM Withdrawal | After Free Limit |
|---|---|---|---|---|
| YouTrip | 1 SGD = 3.076 MYR | 0% | S$400/month | 2% |
| Revolut | 1 SGD = 3.069 MYR | 0% (weekday, within plan limit) 1% on weekends | S$350/month (5 withdrawals) | 2% |
| Wise | 1 SGD = 3.070 MYR | From 0.26% (varies by currency) | Up to S$350/month | 1.75% + possible S$1.50 fee |
| Amaze | 1 SGD = 3.075 MYR | 0% | No free limit | 2% on all withdrawals |
| Trust | 1 SGD = 3.079 MYR | 0% | No ATM withdrawal fee | Subject to network terms |
*Rates taken as of 20 Feb 2026
Related Guide: Check out this guide for the Best Multi-Currency Cards In Singapore
Avoid ATM Withdrawal Fees with YouTrip
With YouTrip:
- 0% FX fees
- Up to S$400 free ATM withdrawals per calendar month
- 2% fee after free limit
- Daily overseas limit: S$5,000
- Malaysia-specific daily cap: S$2,500
The S$400 free withdrawal limit resets on the 1st of each month.
Some overseas ATM operators may still impose local surcharges (displayed before confirmation).
Related Guide: Here are 15 best JB hotels from S$46/night
Step-by-Step: How to Withdraw Cash in Malaysia
Here’s how you can withdraw ringgit at Malaysia ATMs with YouTrip in 4 easy steps:
1⃣ Locate an ATM displaying the Mastercard®, Maestro® and/or Cirrus® logos and insert your YouTrip card
2⃣ Key in your 4-digit ATM & Card PIN
3⃣ Select ‘Saving account’
4⃣ 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.
Related Guide: For more content like this, follow us @YouTripSG on TikTok!
Need help resetting your ATM PIN?
- Head to the ‘Cards’ tab in your YouTrip app
- Tap on ‘Manage’ & click on ‘Reset ATM PIN’
- Enter your new ATM PIN upon prompt to reset
If you wish to change your APP PIN:
- Head to your YouTrip app > tap ‘More’
- Select ‘Security’ > ‘Change APP PIN’
Related Guide: Find more on ATM withdrawals with YouTrip here
Get the best MYR rates with YouTrip!
Image Credits: DESIYATRI.com
Withdrawing cash in Malaysia is straightforward. The mistake most travellers make? Letting their bank quietly skim 3% in FX fees. Stick to bank ATMs, decline currency conversion, and use a card with zero FX markup. That way, the only thing you’ll be calculating in JB is how much space you have left for supper.
Not a YouTrooper yet? Singapore’s go-to multi-currency wallet helps you save with great FX rates and zero fees. Skip the money changer and get a free YouTrip card + S$5 YouTrip credits with code <YTBLOG5>.
Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
Happy travels!
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*The information stated above is true as of 10 March 2025
The post Malaysia ATM Withdrawal Guide: Fees, Locations, Exchange Rates 2026 appeared first on YouTrip Singapore.
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