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Finance Ministry lauds banks for dropping transaction fees

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PETALING JAYA: The Finance Ministry has commended the move by commercial banks to drop the charges for over-the-counter cash and cheque transactions for credit card and financing repayment.

Its Minister Lim Guan Eng commended the Association of Banks in Malaysia's for heeding the Ministry's advice and listening to public feedback.

"However, the charges are a burden to lower income groups and those with no Internet access to conduct online transactions," he said. "At the same time, ABM showed that they are not obsessed with profitting from fees and charges by abolishing it for the first time since it was introduced in 2017," he said.

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It was peoples awareness thru responsible media reporting and finally peoples power..Who can say NO...to their reasonable request and requirement..chedetofficial guanenglim anwaribrahim

Should blam The Star to leak the news

It was the Star that broke the news that ended this nonsense! Was it not the duty of YBs to protect the interest of the Rakyat in the first place? Or, everybody (YBs) scrambling to save their arses in the coming 15th GE? 😜

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