4 Ways To Make The Most Of Online Banking In the New Normal

4 Ways To Make The Most Of Online Banking In the New Normal

in partnership with maybank

We all need to do our part to observe health and safety regulations as we get back to our daily routines. However, banking in the new normal should not disrupt our daily routines and livelihood.

Today, we already have the means to manage our finances at our fingertips. With 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 just greater convenience? There are now facilities and promotions that are exclusive for customers who choose to do their banking services online.

Here are four ways of making the best out of banking online.

1. Open a fixed deposit account online for better rates

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

While it’s true that the Overnight Policy Rate (OPR) cuts earlier this year means that FD rates have dropped, opening an online fixed deposit account now can still offer better rates.

Maybank has just launched an online only campaign from May 18 to June 30, 2020. Maybank Islamic Fixed Deposit (eIFD-i) is now offering 2.59% p.a. for six months exclusive for fresh funds transfer via Maybank2u.

TenureCampaign Rates (% p.a.)Board Rates (% p.a.)
With effect from 8 May 2020
Two months2.431.90
Six months2.592.05

Maybank is also not charging fees for fund transfers into your eIFD-i through the Financial Process Exchange (FPX) system. FPX is a secure and real time online payment method that facilitates interbank transfer of funds. FPX is not owned by Maybank and is facilitated by Payment Network Malaysia Sdn. Bhd.; a wholly-owned subsidiary of Bank Negara Malaysia. 

New Maybank customers can also apply for Maybank2u.Premier  account and existing Maybank customers can apply for Maybank2u Savers through the Maybank2u website.

2. Start your investing journey fully online

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

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

Maybank currently is the only Bank that provides the convenience applying ASB Financing via Maybank2u anytime and anywhere. ASB Financing Online Application is simple, user-friendly and can be accessed via internet banking and mobile banking connection. Click here to start your application now and stand a chance to win a 55g Commemorative Gold Coin*.

*Terms & Conditions apply.

3. Send money internationally at lower exchange rates

International monetary transfers can be done in a variety of ways. This can be from money transfer operators, peer-to-peer companies, and even certain e-wallets.

While many people still visit a money transfer service branch or their local bank branch to do this transaction, going online for this service is also available today. However, some digital money transfer services may require you to sign up for their services first, which could take days while your identity is being verified.

Fortunately for all Maybank2u customers, this can now be easily done using Maybank2u remittance services that are just as convenient – while also offering lower service fees.

Maybank2u Overseas Fund TransferService FeePromo
Foreign Telegraphic TransferRM10Lower exchange rates when transferring RM10,000 or more
Western UnionFrom RM550% off service fee with promo code ‘MBBGET50’ until June 30 2020
M2U Visa DirectRM10N/A

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

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

Maybank Credit Card recently launched an exclusive online promotion whereby new customers will receive a complimentary gift when they spend RM300 or more on a newly approved card from an online application.

On top of this, Maybank credit cards offer attractive features and are available via the Maybank2u website and mobile app.

Balance TransferConsolidate all your credit card debt into a single statement. Long repayment periods of up to 36 months offered.
EzyCashInstantly withdraw cash from your available credit limit. Apply for a minimum of RM3,000 and earn two spins on the Roda Gempak to win cash rewards and prizes worth up to RM2,000,000!
EzyPay PlusConvert your purchase of over RM500 into an affordable monthly instalment plan.
To increase your chances of being approved for any credit facilities or products, ensure that you have a healthy debt service ratio (DSR), preferably between 30-40%. Maybank’s personal loans can help you achieve this by consolidating your debts and you can get approval in just 48 hours.

Do all of the above with Maybank2u and enjoy more benefits

The new normal means taking extra precautions for your safety. Maybank has a full range of digital services to help you keep your household safe.

If you would like to know more about other online services provided by Maybank, they can be found in the navigation tabs at the bottom of the Maybank2u homepage.

*Disclaimer: New customers opening savings accounts through Maybank2u are required to visit any Maybank branch within 10 working days of their application in order to confirm their identities.

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