Wave & Go with Maybank Visa payWave Cards

Get rewarded when you spend with Maybank Visa payWave Cards now! Enjoy free 1kg of Sunwhite fragrant rice when you spend a minimum of RM 30 in a single receipt with your Maybank Visa payWave card at all participating Aeon outlets. Inform your family and friends as the promotion starts now till 31 August 2014, while stock lasts!

Maybank Islamic MasterCard Ikhwan Card-i

The Maybank Islamic MasterCard Ikhwan Card-i is an Islamic Card based on the Shariah contract of Ujrah (fee on service). It is universally accepted and can be used like any other credit card. It is the first card by Maybank that gives meaning to your spending. Every ringgit you spend, Maybank Islamic will contribute 0.1% for charity purposes. 

Maybank FD Countdown 1 Campaign

Enjoy great return of 3.20% p.a. with Maybank FD Countdown 1 from 1st June till 30th June 2014. The campaign is open to all new FD placements by new and existing customers. What you have to do is just perform a minimum placement of RM 25000 for Retail/Individual customers or RM 50000 for SME/Business Banking, Sole Proprietor, Partnership, Club/Societies/Association.

Maybank Visa Platinum Debit Card

Maybank just launched the Visa Platinum Debit Card with payWave function yesterday. The new debit card provides fast and convenient cashless transactions. From now until 30th September 2014, 5% monthly cash back capped at RM 30 will be given for payWave transactions and and for other transactions, customers stand a chance to win daily prizes of RM 200 daily! All you need to do is to shop, wave your card and start earning!

Maybank2u Online Will Writing

A Will is deed of disposition of property directing the Executor/Administrator to fully carry out the Testator’s (will writer) wishes after his/her death. It also includes strategies for estate planning and management. Will writing is an essential part of financial planning to ensure that your loved ones receive the wealth you have accumulated directly and without delay.

Get Cash Back for Online Payments & Purchases with Maybank AMEX

Maybankard 2 AMEX had become my primary credit card after OCBC revised the Titanium Card features. Other than the 5X TreatsPoints and weekend 5% cash rebate, there are also attractive promotions by Maybank AMEX Card from time to time. From 5th March till 31st May 2014, you could stand a chance to win RM 100 cash back when you make bill payments or purchases minimum of RM 300!

Maybank Cardless Withdrawal

Maybank launched a new service called Cardless Withdrawal today. This service allows Maybank CASA holders to send cash to anyone including non-Maybank customer via Maybank2u or Maybank2u Mobile app. Recipients can then withdraw cash without an ATM card at any Maybank ATM.

Cardless Withdrawal Service enables Maybank2u users to initiate a fund transfer to any Malaysian mobile number. Once transaction is done, sender will receive a 6-digit Withdrawal Code and recipient will receive transaction ID via SMS. The sender is required to communicate this code directly to the intended recipient as an added security measure.

The transaction ID and Withdrawal Code are valid for 24 hours from the date and time the transaction request is completed. If the recipient fails to do so within the validity period the transfer will be considered null and void and the funds will remain in the sender’s account. The operating hours for Cardless Withdrawal service is from 6 am to 12 midnight daily.

The current transaction limit is a maximum of RM 300 per day. There will be a service charge of RM 1.00 (effective 1st March 2014) imposed to the sender for each transaction done, regardless whether the intended funds are withdrawn or not by the recipient. There is also a transaction restriction to the recipient mobile number. The same recipient mobile number can only receive up to 2 transactions per day. 

This service is the first of its kind in Malaysia, although it sounds like CIMB Clicks OctoSend. The main difference is on the recipient side whereby OctoSend requires recipient to be CIMB customer while Cardless Withdrawal allows even non-Maybank customer to withdraw cash instantly and cardless from Maybank ATM.

From 7th January to 5th February 2014, be one of 3 winners everyday to win RM 500 when you send cash the cardless way! The service charge will be waived until 28 February 2014.

Check & Pay PDRM Summons at Maybank ATM

If you do not wish to go to the police station to pay for your PDRM summons, you can pay them online via myeg or rilek. However, RM 2.00 service charged will be imposed on every single transaction made. Now, Maybank offers you another option, that is to check and pay your PDRM summons at all Maybank ATMs.

So, what are the benefits of the new ATM service provided by Maybank?

• No service charge - Yes, you can save RM 2.00
• No pre-registration required - No hassle of registering an account just to check for PDRM summons
• Payment for third party summons is available - Can help your friends and family members to settle the summons

All summons information appears on the ATM is directly channeled from PDRM. The summons payment will be processed on a real time basis. The summons available at Maybank ATMs are updated daily by PDRM. 

You just need to perform simple steps as below at Maybank ATM:

1. Select ‘PayBills' at main menu
2. Select ‘PDRM Summons Payment'
3. Enter new IC Number
4. Select the account to pay from
5. Select summons to be paid

The summons slip will be printed. Please keep the slip for your future reference.

Enjoy Cash Rebates with Maybank Auto PayBills

How do you pay your utility, telco, broadband and Astro bills? Is it by online bill payment or at the counter? From 18th September to 31st December 2013, Maybank is giving out cash rebates for its AMEX, MasterCard and Visa Credit Cardmembers who enrol for the Auto PayBills service.

Just enrol for Auto PayBills with the following service providers to enjoy great rewards:

1. Astro
2. Celcom
3. Digi
4. Maxis
5. Tenaga Nasional Berhad
6. TM (excluding Unifi)

Upon enrollment, you will get RM 15 cash rebate per service provider. If you're the first 1000 Maybank AMEX Cardmembers to enrol for Auto PayBills with a minimum of 2 service providers, you can get an additional Starbucks Card worth RM 20.

You need to cancel your Auto PayBills services with other banks first (if any) before enrolling for Auto PayBills services through Maybank Card to avoid double billing and late billing. Auto PayBills service needs 4 to 8 weeks to be activated.  You should continue to pay your bills as usual until your Auto PayBills service is reflected in your Credit Card statement.

Total amount of cash rebates to be given away is capped at RM 90000 throughout the campaign period and based on first-come-first-served basis. The fulfillment of RM 20 Starbucks Card and amount of cash rebates will be credited into Cardmember's account within 4 to 6 weeks after the campaign ends.

To enrol, please print out this form, fill in then submit to Maybank either by fax or by mail.

Revision on Maybank TreatsPoints

When I received my Maybankard 2 statement last week, I'm shocked to notice that there was an announcement which Maybank is going to impose a 3-year expiration period on its TreatsPoints effective from 1st August 2013. 

TreatsPoints earned in a particular month are valid until the end of third year of the calendar month. Below table shows the points accumulated and the applicable expiry date:

Year	TreatsPoints Accumulation	TreatsPoints Expiry
Prior to July 2013	Up to 31st July 2013	31st July 2016
2013	1st August to 31st August 2013	31st August 2016
2014	1st January to 31st January 2014	31st January 2017

Besides, there is also revision on the value of TreatsPoints (TP). Previously 10000 TP can exchange for RM 50 Government Service Tax. However, from 1st August onwards, 12500 TP is needed to exchange for the same amount. So there is 0.1% reduction in the cash back, from 0.5% to 0.4%.

Standard Chartered and Maybank have revised their reward points this year. I guess other banks will review their current reward points and make necessary adjustment too. Let's wait and see.

Maybank Loyalty & Rewards Campaign

Maybank is giving out rewards to all customers who open or top up their deposits account in the Loyalty & Rewards Campaign, from 1st July to 31st December 2013. Earn additional 1.10% p.a. interest/dividend in your deposit account and also stand a chance to win Monthly Cash Bonus of RM 500 and the Grand Finale Cash Bonanza up to RM 50000.

When you open/top up into your CASA with Maybank,  you can enjoy additional returns on your savings, calculated on incremental average daily balance (ADB):

	Conventional Scheme	Islamic Scheme
Participating Products	Premier 1 Premier Savings Maybank2u Premier Golden Savers	Premier Mudharabah Account-i
Additional Return	1.10% p.a.	1.10% p.a.
Highest Effective Return	3.10% p.a. *	3.85% p.a. **
Incremental ADB	Min: RM 5000 Max: RM 1.0 Million	Min: RM 1000 Max: RM 2.0 Million

* Based on highest tier interest rate for Golden Savers Account plus the additional 1.10% p.a.
** Based on Premier Mudharabah Account-i eligibility to enjoy 1-month General Investment          Account-i indicative rate plus the additional 1.10% p.a.

You could stand a chance to win Monthly Cash Bonus and also the Grand Finale Cash Bonanza of RM 50000 in December by increasing CASA by a minimum of RM 150 monthly. A total of 450 lucky customers will be randomly selected and awarded with RM 500 each month (75 winners per month).

For the month of December, 3 lucky winners will be randomly selected and be in the running to win cash prizes ranging from RM 10000, RM 15000 and RM 50000 respectively.

Immediate Interbank Fund Transfer

The Interbank GIRO (IBG) transfer charge is reduced to only RM 0.10 since 2nd May 2013. Maybank2u recently launched another similar service which is known as Immediate Interbank Fund Transfer (IBFT).

With the Immediate Interbank Fund Transfer, you can perform real-time fund transfer, credit card & loan payment. The transfer charge is RM 2.00 per transaction. Let's have a quick overview on the differences between IBG and IBFT from below table:

Item	IBG	IBFT
Transfer Charge	RM 0.10	RM 2.00
Transaction Limit	RM 5000 per transaction  (shared total limit for IBG and IBFT is RM 10000 daily)
Transfer Schedule	Weekday before 12pm, same day Weekday after 12pm, next business day (NBD) Weekend & public holiday, NBD	Immediate
Account Verification	N/A	Key in beneficiary account number, account holder name will be displayed

This is the list of the participating banks. It is really a very convenient tool in case you forget to perform IBG earlier for your credit card or loan payment which is due the next day.

Maybank FD/IFD-i Step Up & Loyalty 2+2 Campaign

Maybank has continued its FD/IFD-i promotion with FD/IFD-i Step Up & Loyalty 2+2 Campaign, starting from 25th March until 25th April 2013 or upon reaching its deposit target, whichever is earlier. The campaign is open to all new FD/IFD-i placements of fresh funds by new and existing Individual, SME and Business Banking customers, Sole Proprietor, Partnership, Clubs/Societies.

The minimum and maximum placement amount are same as previous promotion.
The campaign rates are as follows:

FD/IFD-i Step Up (12-month tenure)

Tenure	Promotional Rate	Effective Rate	Prevailing Board Rate
1st – 3rd month	3.05% p.a.	3.36% p.a.	3.15% p.a.
4th – 6th month	3.15% p.a.
7th – 9th month	3.25% p.a.
10th – 12th month	4.00% p.a.

FD/IFD-i Loyalty 2+2 (4-month tenure)

Tenure	Promotional Rate	Effective Rate	Prevailing Board Rate
First 2 months	3.10% p.a.	3.12% p.a.	3.00% p.a.
Next Rollover (1 time only for another 2 months)	3.15% p.a.

The promotional rate is subject to any Overnight Policy Rate (“OPR”) change. The campaign is available for placements made over the counter at any Maybank Branch. The promotional rates are offered only for new placement. Automatic Rollover of FD certificates from previous period will not be entitled for this promotional rate. Upon maturity of the FD, the placement rates shall revert to the prevailing board rates for the respective tenures.

Maybank One Solution

Maybank One Solution is a combination of savings account, personal loan and insurance. With just one sign up, you can manage all your finances by start enjoying the features and benefits of Maybank One Solution.

With Maybank One Solution, you will get a Personal Saver account, a main transactional account that comes with Maybank Debit Card and easy access to multi channels via ATM, Maybank2u and Mobile Banking. You will be able to perform cashless transactions worldwide at millions of merchants with Maybank Debit Card and earn TreatsPoints.

You can also achieve savings goals faster through Flexible Saving Plans by earning interest of 1.5% p.a. with flexible tenures up to 5 years. You can open up to 3 Flexible Saving Plans at any one time via ATM or Maybank2u.

On the other hand, personal loan can be done via paperless application with just MyKad. Application gets instant approval within 10 minutes and immediate disbursement. 2% rebate will be given for prompt payments.

Two types of insurance are available in Maybank One Solution via ATM or Maybank2u:

• Premium PA Plus - Comprehensive insurance coverage for yourself and your family at only 66 cent a day, no Medical Examination required.
• Domestic Travel Care - Protect yourself or whole family when travelling within Malaysia, Thailand, Brunei and Singapore, short-term travel plan with choices of less than 2 weeks or up to 4 weeks.

Take charge of your banking today by bringing your MyKad and RM10 to any Maybank kiosk to sign up. For existing Maybank savings account (SA) holders, you can sign up for Maybank One Solution by converting your existing Maybank SA into a Personal Saver Account and activate your Flexi Saver Plan at Maybank2u from now until 30 April 2013 and stand a chance to win RM50 Parkson shopping voucher!

Maybankard Superman Visa Debit Card

Maybank has launched a limited edition Maybankard Superman Visa Debit Card. This card gives you exciting privileges, benefits and the chance to win amazing prizes!

The benefits of the super hero debit card are as follow:

1. Shop at millions of Visa outlets worldwide.
2. Use it as your ATM card to withdraw cash locally and overseas.
3. Use it to pay bills or transfer money.
4. Earn 1 Treats Points for every RM3 spent (0.17% rebate) and enjoy privileges when you shop.
5. Set your own purchase limit up to RM5,000.
6. No income requirement for application, no finance and late charges or annual fees.
7. Track your online transactions via Maybank2u

Update 30/7/13:

Upon application of this card, cardmembers will be given a voucher consist of the following :

1. 10% discount at all DC Super Hero stores in Malaysia, valid until 31st March 2014.
2. Buy 1 free 1 TGV voucher, valid for one time use only and until 31st August 2013. 
3. 35% discount on normal price of Legoland ticket, valid for maximum for 4 tickets and until 31 August 2013.

Note: Due to overwhelming response, The Superman Visa Debit Card voucher for TGV Buy 1 Free 1 has been fully redeemed.

The Superman Visa Debit Card does not impose annual fee and is open to all Maybank CASA holders aged 18 and above. For imteen Account (aged 12 to 18), Indemnity Letter is required to be signed by parents/guardian as a condtion to open the account. 

To apply, visit your nearest Maybank branch. Fill up the application form and choose Maybankard Superman Visa Debit when you open a CASA. Existing CASA holders can apply and convert to Maybankard Superman Visa Debit immediately.

Update 19/03: I went to Maybank to have my old ATM card converted to the Maybankard Superman Visa Debit today. It took me half an hour to get the card & a service charge of RM12 was deducted from my savings account directly. Remember to get the voucher from the officer after receiving the Superman Visa Debit.

Maybank FD/IFD-i (3+3) Campaign

Maybank has launched another FD/IFD-i Campaign from 25 February until 25 March 2013 or upon reaching its deposit target, whichever is earlier. The campaign is open to all new FD/IFD-i placements of fresh funds by new and existing Individual, SME and Business Banking customers, Sole Proprietor, Partnership, Clubs/Societies.

The minimum placement amount according to the respective customer and account type:

Customer / Account Type	Minimum Placement
Retail/ Individual	RM10,000
Small and Medium Enterprises (SME)/ Business Banking (BB)	RM25,000
Sole proprietor, Partnership, Club/ Societies/ Association	RM25,000

There is no maximum placement amount imposed on Individual customers.However, the maximum placement amount in this campaign for SME, Business Banking, Sole Proprietor, Partnership and Clubs/Societies/Association customers is RM20.0 million per entity.

The promotional interest rates are as below:

Tenure	Campaign Rate (p.a.)	Effective Rate for 6 months(p.a.)	Prevailing Board Rate (p.a.)
First 3 Months	3.20%	3.27%	3.05%
Next Rollover (2nd 3 Months)	3.35%	3.27%	3.05%

The promotional rate is subject to any Overnight Policy Rate (“OPR”) change. The campaign is available for placements made over the counter at any Maybank Branch. Upon maturity of the FD, the placement rates shall revert to the prevailing board rates for the respective tenures.

Maybank FD/IFD-i Ang Pow (6+6) Campaign

After the FD/IFD-i New Year Campaign, Maybank has launched another Ang Pow Campaign from 28 January until 28 February 2013 or upon reaching its deposit target, whichever is earlier. The campaign is open to all new FD/IFD-i placements of fresh funds by new and existing Individual, SME and Business Banking customers, Sole Proprietor, Partnership, Clubs/Societies.

 The minimum placement amount according to the respective customer and account type:

Customer / Account Type	Minimum Placement
Retail/ Individual	RM10,000
Small and Medium Enterprises (SME)/ Business Banking (BB)	RM25,000
Sole proprietor, Partnership, Club/ Societies/ Association	RM25,000

There is no maximum placement amount imposed on Individual customers.However, the maximum placement amount in this campaign for SME, Business Banking, Sole Proprietor, Partnership and Clubs/Societies/Association customers is RM20.0 million per entity.

The promotional interest rates are as below:

Tenure	Promotional Rate	Prevailing Board Rate
First 6 months	3.35% p.a.	3.10% p.a.
Next Rollover (1 time only for the next 6 months)	3.45% p.a.	3.10% p.a.

The promotional rate is subject to any Overnight Policy Rate (“OPR”) change. The campaign is available for placements made over the counter at any Maybank Branch. Upon maturity of the FD, i.e. after the completion of one rollover, the placement rates shall revert to the prevailing board rates for the respective tenures. The effective interest rate is 3.40% p.a.

How to Apply for a Credit Card without Income Document

Since Year 2012, Bank Negara Malaysia (BNM) had tightened the rules to control the issuance of credit cards. I've shared about the minimum requirement to apply for a credit card previously. According to BNM's guidelines, if you are eligible to apply, you still need to submit income documents such as EPF statement, Form B or pay slips together with the application of new credit card.

However, not all banks impose such stringent requirements. Therefore, if you do not have income documents but still wish to get a credit card, there are 3 methods to do so:

1. Place FD in a particular bank and apply for credit card.
2. Sign up for EPF Skim Simpanan Persaraan 1Malaysia account and deposit RM 480 monthly into the account.
3. Sign up for a particular bank's product such as hire purchase or mortgage loan and request for credit card.

I'll go through the first method which is called FD pledging. There are a few banks that accept FD pledging, Maybank requires minimum RM 3000 FD placement while Hong Leong and AmBank require at least RM 5000 FD deposit. I would certainly recommend Maybank as the minimum FD amount is lower and Maybankard 2 is one of the best cards in the market.

These are the steps to apply for a credit card by pledging FD:

1. Visit the nearest Maybank branch, tell the officer that you would like to pledge FD to apply for credit card. 
2. Once FD placement is done, original FD slip will be kept by the bank, you will be given the photocopy version instead. Make sure that you apply for Maybankard 2 Gold.
3. After 1 week, the branch will call you up to sign for off set letter and pay for RM 10 stamp duty.
4. You should be able to get your credit card 2 weeks from the application date.

Please bear in mind that the credit limit of the card is equivalent to FD placement amount and if you withdraw the FD, you must cancel the card at the same time as well.

Special thanks to forumer komayong and kimo for sharing on the Maybank FD pledging.

Maybank FD/IFD-i New Year (1 & 3) Campaign

Maybank has launched a FD/IFD-i New Year Campaign from 10 January until 25 January 2013 or upon reaching its deposit target, whichever is earlier. The campaign is open to all new FD/IFD-i placements of fresh funds by new and existing Individual, SME and Business Banking customers, Sole Proprietor, Partnership, Clubs/Societies.

 The minimum placement amount according to the respective customer and account type:

Customer / Account Type	Minimum Placement
Retail/ Individual	RM10,000
Small and Medium Enterprises (SME)/ Business Banking (BB)	RM25,000
Sole proprietor, Partnership, Club/ Societies/ Association	RM25,000

There is no maximum placement amount imposed on Individual customers.However, the maximum placement amount in this campaign for SME, Business Banking, Sole Proprietor, Partnership and Clubs/Societies/Association customers is RM20.0 million per entity.

The promotional interest rates are as below:

Tenure	Promotional Rate (p.a.)		Effective Rate (p.a.)	Prevailing Board Rate (p.a.)
1 Month	3.10%		3.10%	3.00%
3 Month	1st Month	3.10%	3.35%	3.05%
	2nd Month	3.20%
	3rd Month	3.75%

The promotional rate is subject to any Overnight Policy Rate (“OPR”) change. The campaign is available for placements made over the counter at any Maybank Branch. Upon maturity of the FD, the placement rates shall revert to the prevailing board rates for the respective tenures.