Connect with us

News

Banks Overcrowded By People As Malaysians Rush To Change Their Cards Before 1 January 2017

Published

Change Your Credit and Debit Card Now before 1 January 2017 - World Of Buzz 1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Time is running out for those who hasn’t changed their credit and debit cards to the new cards which uses personal identification numbers (PIN) to authorise payments.

Malaysians flock to banks and wait over hours just to have their cards changed.

Cardholders face the excruciatingly long queues at branches as there are many last minute customers, where some have been waiting for more than five hours but have yet to receive their new cards.

Change Your Credit and Debit Card Now before 1 January 2017 - World Of Buzz
Source: The Star

On 1 January 2017, the transition from signature to PIN will be fully enforced and cardholders would need to enter their PIN when making transactions through point-of-sales (POS) terminals. If you have received your new card but have not activated it yet, you will find that your old card won’t work at the transaction counter by January 1.

pin and pay banner
Source: alliancebank

Don’t worry if you have a memory like a sieve and can’t remember your PIN, as the authorities have anticipated such cases and there is a grace period for PIN bypass lasting until 1 July 2017.

Bank Negara is actively encouraging banks to urge customers to replace their credit and debit cards.

But as at the end of October and Malaysians being Malaysians (everything also last minute) there has only been less than 50% of active debit card replacement.

For credit cards, 6.1 million of the 7.5 million credit cards have been replaced and the rest of the customers will be able to receive their new cards by end of December. More than 60% of these 6.1 million cards have already been activated.

posb pop up atm 1
Source: bumbleemum.net

b=36252396The Association of Banks in Malaysia (ABM) stated that it has been a challenge to encourage cardholders to head to the bank and collect their new debit cards.

Banks have even extended branches operation hours and utilising several methods such as mailing out of debit cards and assisting customers to replace their cards so more people are able to make the transition in time.

As the move continues, the number of PIN-enabled terminals have increased greatly, which prompts customers to select a PIN. Do take note that old credit cards are only usable up to three months after the date that the new credits are sent to the cardholders.

So, if you haven’t change your card to the new one, best to not wait anymore! Do it before you find yourself stuck at the counter, unable to pay for your purchases. Awkward!

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

collage 87 collage 87
News3 hours ago

PDRM: Fatal Shootings at Brickfields Restaurant & Cheras Mall May be Related to Gang Rivalry

5 people were detained for the fatal shooting at a restaurant in Brickfields, Kuala Lumpur, last week, which resulted in...

collage 86 collage 86
News3 hours ago

Unemployed Kelantan Man Charged with Sodomising 10yo Boy in a Shipping Container, Court Denies Bail

A 34-year-old unemployed man in Kelantan was accused of sodomising a 10-year-old boy, to which he pleaded not guilty when...

feat image ums rally feat image ums rally
News3 hours ago

“MADANI Protector of Corruption” – M’sian Student Activists Burn a Caricature of PMX During Sabah Rally

Malaysian student activist group, Suara Mahasiswa UMS, today raised a few eyebrows at the conclusion of its “Gempur Rasuah Sabah...

feat image penang feat image penang
News5 hours ago

PDRM Arrests 70yo M’sian Woman for Driving Proton X50 on The Motorcycle Lane of Penang Bridge

The Royal Malaysia Police (PDRM) have arrested a 70-year-old woman in Seberang Perai, Penang, for dangerously driving a Proton X50...

collage 85 collage 85
News6 hours ago

Former MasterChef Malaysia Finalist Jailed 34 Years for Murdering Her Maid & Recording the Torture

Former finalist of MasterChef Malaysia, Etiqah Siti Norashikeen Mohd Sulong, and her ex-husband, Mohammad Ambree Yunos, were sentenced to 34 years...

collage 84 collage 84
News7 hours ago

Tour Bus Carrying 25 Passengers Hits Roadside Barrier & Nearly Falls Off Cliff in Genting Highlands

Another accident involving a bus had taken place in Malaysia, this time involving a tour bus carrying 25 passengers that...

feat image degree drug abusers feat image degree drug abusers
News7 hours ago

559 Individuals Nabbed for Drug Abuse in Malaysia in Q1 2025 are Degree Holders, Including PhDs

Deputy Home Minister Datuk Seri Dr Shamsul Anuar Nasarah recently shared statistics from the National Anti-Drug Agency (AADK) regarding drug...

feat image robbers fail feat image robbers fail
News8 hours ago

2 Parang-Wielding Robbers in Selangor Flee Empty-Handed After Victim’s Screams Caused Them to Panic

The Hulu Selangor District Police revealed that it has taken notice of a viral video circulating online showing a robbery...

Announcement

Latest Videos



TRENDING TODAY