If you are one of the people who have bills that need to be paid every month, do take note that starting from April 1, 2019, Public Bank will be charging extra fees if you’re using cash or cheques to pay for your credit card bills and loan payments.
According to an announcement on their website on September 30, they said that there will be a charge of RM2 if you perform over-the-counter transactions for credit card and loan repayments.
Source: Public Bank
Even using the Cash Deposit Terminal, Cash Recycling Machine or Cheque Deposit Machine to pay your bills will incur an additional charge of 50 cents instead of RM2.
It is believed that these additional charges are implemented as they want us to move towards a cashless society and perform more of our transactions online.
If you don’t want to pay an extra charge when you are making your repayments, you can choose to use standing instructions, instant or interbank transfer through internet or mobile banking and automated teller machines (ATM).
However, Public Bank has taken into consideration the needs of other customers who might need assistance with their repayments. They have decided to waive these fees for senior citizens, disabled people and customers who do not have access to Current or Savings account with Public Bank.
Mark your calendar guys, it’s time to go cashless!
(Source: WOB / Public Bank)