Dec 3, 04 11:56am
Scores of Maybank2u.com customers are furious over a recent move by the country’s largest banking group, Maybank Group, to impose a RM12 annual fee for Internet banking services effective Dec 20.
An announcement on the Maybank2u.com website said the charges would be auto-debited from the customer’s account every six-months with “unlimited log-on access for the six-month period”. It is unclear what “unlimited” means.
First-time users are allowed a one-month free use of the online services but have to subsequently subscribe if they want to continue using the “time-saving” and convenient facilities.
The notice promised customers that they will “always receive quality products and services” in line with the Maybank2u.com’s goals.
The decision has elicited a barrage of criticism stemming from large amounts of frustration and anger over Maybank’s unsatisfactory Internet banking services.

Common gripes over Maybank2u.com’s services include slow page downloads, poor service after 7pm, not online for 24 hours and that some transactions still have to be done at the ATMs.
Hundreds of e-mails are sharing the exchanges between customers’ complaints to the Maybank Group Contact Centre (MGCC) about the move and the standard-format response from the bank.
‘Dirty tactic’
Based on the complaints and queries, customers are miffed over what they describe as “a dirty tactic to rake in instant millions”.
They said Maybank was playing dirty by initially offering the online services for free before signing up millions of users and then charging them a minimal fee once critical mass was achieved, making instant millions.
But a formatted e-mail reply from the MGCC sent by a Nur Azween Yahya to Maybank2u.com customers reminded them of their agreement to the “terms and conditions governing its usage” and cited Clause 18:1 which referred to “service charge or transaction fees”.
Maybank currently charges 50 sen for each Touch ‘N Go top-up, 50 sen for every ATM withdrawal from the 5th withdrawal onwards, RM2 per online interbank transfer of funds and the latest is RM1 per month for Internet banking customers.
The standard reply pointed out the wider range of services offered such as interbank transfers, 3rd party transfers, e-SI and mobile phone services following an upgrade from checking account balance and bill payments.
The reply highlighted the bank’s enhanced security feature as being part of the “advanced features” or recent upgrades done to Maybank2u.com.
Nur Azween said the minimal monthly fee of RM1 was not too much to ask for being able to “initiate countless banking transactions 24 hours a day, 7 days a week” from the “comfort of your office or home”.
“You are still enjoying all the services without the hassle of going to the banks or visiting the payment counters. You don’t have to think of paying tolls, traffic jams, parking woes or reschedule your busy life for one simple banking transaction.” (sic)
She said that choosing to unsubscribe will cancel the customer’s access to Maybank2u.com altogether.
“As an alternative, you may use our other delivery channels, such as our Kawanku ATMs, KawanKu Phone Banking or the conventional way of doing banking - Maybank branches,” she added in the e-mail response.
Senseless move
An unconvinced customer said the bank’s rationale to impose a surcharge on Internet banking did not make any sense because it is charging people for “using the delivery channel that is the most cost-effective and efficient to the bank”.
The customer also claimed that such a move was a first in Malaysia and possibly the region.
“Moreover, this charging is on top of existing monthly account fee, monthly transaction fee, ATM charges, etc,” read the customer’s e-mail to MGCC.
On Nov 8, the Maybank Group announced a pre-tax profit of RM793.2 million for Q3 this year, an increase of 13.2 percent compared to the corresponding period last year while post-tax profit rose 11 percent to RM555 million for the period ending September 2004 compared to the RM501.2 million last year.
A customer said it was unclear from the information posted on the Maybank2u.com website if customers will be charged beginning Dec 20 or whether the system software changes would be implemented on that date.
“There should be a sufficient grace period of between a few weeks and a month to online customers to cancel their subscription before charging becomes effective.”
Some customers have also accused Maybank2u.com of discriminatory practices based on Maybank Singapore’s website where no such charges were announced for account holders there.
“Does it mean that only the online customers with RM (Ringgit Malaysia) account in Maybank here will be charged? If this is so, then I think it is highly irresponsible for Maybank to deceive online customers with RM accounts ... to defray the system cost.”
‘Clumsy’ service
Other customers who maintained several accounts - savings, current and credit cards - were worried about incurring high additional charges.
“That means I would have to pay RM36 a year to use the online facility for my three accounts!” exclaimed a disgruntled customer in an e-mail to MGCC.
“Question is, is this fair? Isn’t online banking supposed to be one of the ‘features’ (that) attract more customers? Why did (Maybank) not charge account holders earlier but only decide to do it now?”
A frustrated customer complained about services being “always clumsy and annoying”.
“The untrained staff always give out incorrect information and then ask us to be more patient, which costs us more money and time. Now they want us to pay more for the services which we deserve as customers.”
Most customers were unwilling to pay the banking surcharges because they felt that Internet banking was now a standard in the industry and a service offered by every bank at no extra cost.
“There are no charges by large foreign banks. Furthermore, a move like this could well set a bad precedent for other local banks to follow,” were the sentiments expressed in the e-mails.
“(If) your Maybank2u team does not bring in enough profit, it’s not the consumers’ problem,” read another e-mails to the MGCC.
Many customers were also angered by the use of a template or copy-and-paste format when replying to the hundreds of e-mails with differing queries.
Some customers, upset with Maybank’s customer service division for adopting a ‘tidak apa’ (couldn’t-care-less) attitude and in responding very late to their queries, said foreign banks always took the time to give a “more constructive reply”.
Only financial institutions registered under the Banking and Financial Institutions Act 1989 and the Islamic Banking Act 1983 are allowed to offer Internet banking services with approval from Bank Negara, the country’s central bank.
Meanwhile an online petition has also been mooted for Maybank customers to sign their disapproval over the subscription fee. Account holders are encouraged to sign the petition before Dec 19.
The ruling parliamentarians expressed their views aired during the three-day special Parliament sitting, which began today, to debate the Constitution Amendment Bill 2004. The main amendment proposed was the transfer of power for supply, treatment, distribution and billing of water supply to the federal government.
Energy, Water and Communications Minister Dr Lim Keng Yaik told reporters yesterday after the briefing that the government will not raise the water tariff for at least two years.
Sharing similar concern, Liow Tiong Lai (BN-Bentong) requested the government to unveil its full plan in dealing with the RM7.5 billion debts and asked if Span would absorb the debts.
He pointed out that despite the huge allocation, it was insufficient to cope with the water industry’s operation cost and high modal is needed to upgrade the present infrastructure.
Among other matters, it will debate constitutional amendments to transfer power from state governments to the federal government to take over the supply and management of water to consumers. It is widely known that this will be done through privatisation.
“They (the companies) have not privatised it the right way. And we have to (live with the) consequences...some companies don’t even have goals,” he said.
LEE BAN CHEN, yang dilahirkan di Johor, pernah diusir dari Singapura oleh Lee Kuan Yew pada tahun 1966. Pasa masa itu, Ban Chen sedang melanjutkan pelajarannya di Universiti Nanyang. Beliau juga pernah ditahan dibawah Akta Keselamatan Dalam Negeri (ISA) selama tujuh tahun dari 1967 kerana terlibat dalam pemogokan petani di Ladang Bukit Asahan, Melaka and Ladang Triang, Pahang. Ban Chen juga pernah bertugas sebagai editor di akhbar Sin Chew Jit Poh selama satu tahun pada 1976.
3. Perbelanjaan kerajaan Malaysia terhadap kesihatan (2.7 peratus daripada KNK), jauh lebih rendah daripada kadar yang disyorkan oleh WHO (5 peratus daripada KNK).
Berasaskan semangat dan etika kerja yang terbuka, telus dan bertanggungjawab seperti yang dijanjikan oleh Perdana Menteri, maka wajiblah Dr Chua memberi jawapan konkrit terhadap empat tuntutan dalam Memorandum 81 Pertubuhan dan ditegaskan pendirian serta tindakan yang akan diambil oleh kerajaan mengenainya. E,mpat tuntutan tersebut ialah:
He said the controls placed over information, coupled with lack of consultation over decision-making, has raised concern as to whether privatisation is truly more efficient and cheaper than government-led implementation of projects.
The national dialogue is jointly organised by the government and Global Water Partnership - a multi-sectoral body funded by the World Bank and United Nations Development Programme.
However, Santiago argued that the government's focus on ‘full cost recovery’ has resulted in supply of, and access to water, being no longer seen as a public good and human right.
Department of Irrigation and Drainage deputy director Ahmad Fuad Embi said the tender process for awarding water concessions is already governed by a standard procedure that is applied at all levels of government.
The important aspect of the Penang case is not privatisation alone, said Chan, but the fact that even after privatisation, the government continued to maintain strong controls over decision-making – therefore ensuring that the public interest took priority.
Its minister Dr Lim Keng Yaik said today that a meeting he had with the Economic Planning Unit and the Finance Ministry yesterday has agreed to include the sewerage services to the projects, apart from water treatment and distribution.
On Tuesday, Lim said that the government will need to spend
The approach not only manages to attract investors to the water industry but also enables the banking sector to participate in providing long term loans or bonds with low interests.
Malaysian economist Charles Santiago (left), said he testified against the privatisation of water resources in a case before the Judicial Review Act 7, 2004, at the Constitutional Court in Jakarta last Wednesday.
The chairperson of the PBA is Penang Chief Minister Dr Koh Tsu Koon, which means the state can still exercise political control of the PBA in the interests of consumers.
Bagaimanapun, bekalan pulih semula secara berperingkat-peringkat mulai jam 1.25 petang.
For a start, Fomca wants a stop to all proposals for service charges for non-banking transactions and to gradually lower the other service charges, so that banks offer innovative services that generate revenue and increase efficiency.

