How To Get More Benefits With Maybank2u

in partnership with maybank

We all must do our part to comply with health and safety regulations as we resume our daily activities. However, the bank in the new normal should not disrupt our daily routines and our livelihoods.

Today, we already have the means to manage our finances at our fingertips. With just a few clicks, you can view your bank statements, pay your bills, and transfer funds anytime, anywhere.

But did you know that the benefits of online banking go beyond simple convenience? There are now exclusive facilities and promotions for customers who choose to do their banking online.

Here are four ways to get the most out of online banking.

1. Open a fixed deposit account online for better rates

Fixed deposits (FD) offer a safe and stable investment choice in light of today’s volatile markets. An eFixed Deposit option not only offers the same choice of stable investment to diversify your portfolio, and sometimes it even offers better benefits.

While it is true that the overnight overnight rate cuts (OPR) earlier this year mean that FD rates have gone down, fixed online deposit account can now offer better rates.

Maybank has just launched an online campaign only from May 18 to June 30, 2020. Maybank Islamic Fixed Deposit (eIFD-i) now offers 2.59% per year for six months, exclusively for the transfer of funds via Maybank2u.

MandateCampaign rate (% pa)Pension rate (% pa)
Effective May 8, 2020
Two months2.431.90
Six months2.592.05

Maybank also does not charge fees for transferring funds to your eIFD-i via the Financial Process Exchange (FPX) system. FPX is a secure, real-time online payment method that facilitates interbank transfer of funds. FPX does not belong to Maybank and is facilitated by Payment Network Malaysia Sdn. Bhd .; a wholly owned subsidiary of Bank Negara Malaysia.

2. Start your investment journey entirely online

Having money set aside in a fixed deposit account for emergency needs is a good start, but it’s important to start thinking about generating passive income when you already have more than six months of savings in hand.

Maybank has made online investing even easier for those who qualify for Amanah Saham Bumiputera (ASB).

Maybank is currently the only bank that offers the convenience of applying ASB financing via Maybank2u anytime, anywhere. The online ASB financing application is simple, user-friendly and accessible via Internet Banking and a mobile banking connection. Click here to apply now for a chance to win a 55 g * commemorative gold coin.

* General conditions apply.

3. Send money abroad at lower exchange rates

International cash transfers can be made in different ways. This can come from money transfer operators, peer-to-peer companies and even from some electronic wallets.

Although many people still visit a money transfer service branch or their local bank branch to complete this transaction, online access to this service is also available today. However, some digital money transfer services may require you to sign up for their services first, which can take days to verify your identity.

Fortunately for all Maybank2u customers, this can now be easily done using Maybank2u transfer services which are just as convenient – while offering lower service charges.

4. Get more when you apply for a credit card or personal loan online

Applying for credit products online gives you the opportunity to get even more from your card. You can often find promotions online that are not available offline.

Maybank Credit Card recently launched an exclusive online promotion whereby new customers will receive a free gift when they spend 300 RM or more on a newly approved card from an online application.

In addition to this, Maybank credit cards offer attractive features and are available through the Maybank2u website and mobile app.

Balance transferConsolidate all of your credit card debts into one statement. Long repayment periods up to 36 months offered.
EzyCashInstantly withdraw money from your available credit limit. Apply for a minimum of RM3,000 and win two rounds on the Roda Gempak to win cash rewards and prizes worth up to RM2,000,000!
EzyPay PlusConvert your purchase of more than RM500 into an affordable monthly payment plan.

To increase your chances of being approved for credit facilities or products, make sure you have a healthy debt service ratio (DSR), preferably between 30 and 40%. Personal loans from Maybank can help you achieve this by consolidating your debts and you can get approved in just 48 hours.

Do all of the above with Maybank2u and enjoy more benefits

The new standard means taking extra precautions for your safety. Maybank offers a full range of digital services to help keep your home safe.

If you want to learn more about the other online services provided by Maybank, you can find them in the navigation tabs at the bottom of the Maybank2u home page.

* Warning: New customers opening savings accounts via Maybank2u are required to go to any Maybank branch within 10 working days of their request to confirm their identity.

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Jothi Venkat

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