21st July 2025 - 2 min read
Starting 1 September 2025, UOB will no longer charge the account maintenance fee for Overdraft (OD) and Flexi Mortgage (FM) accounts.
With this update, customers will stop paying the monthly or annual maintenance fee starting from that date.
For those unfamiliar with these products, an overdraft is a credit facility linked to a current account, while a flexi mortgage is a type of home loan that allows borrowers to reduce their loan interest by depositing extra funds into a linked current account.
If you’re currently paying RM120 per year, you’ll be charged a pro-rated fee for the period of January to August 2025. This final charge will appear in your August 2025 statement.
If you’re billed RM10 each month, your last maintenance fee will also be charged in August 2025. No further fees will be applied after that.
The change will happen automatically. You don’t need to make any updates to your account or submit any requests.
If you have questions or want help reviewing your account, you can contact UOB Customer Service or visit any UOB branch.
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Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.
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