M2U Savers

What is m2u Savers?

m2u Savers is a Savings Account which you can apply online, without visiting the branch. It offers high interest rates (i.e. 2.10% for balance from RM2,000 to RM50,000 and 2.30% for balance from RM50,000 onwards)

Who can apply for m2u Savers?

Maybank2u.com users aged 18 years old and above with user ID & password access at Maybank2u.com Secured Site

How do I apply for m2u Savers?

To apply m2u Savers, please follow these few simple steps:

1. Log-in to Maybank2u.com

2. Click Apply Online at Maybank2u.com secured site homepage

3. Select Account Type = Personal Savings Account, Product Type = m2u Savers & click the Continue button

Can I open an m2u Savers account at the branch?

No. m2u Savers can only be opened/activated via Maybank2u.com

Do I still need to visit the branch to activate the account?

No. m2u Savers will be activated online upon your successful application on Maybank2u.com

How will I know that my account has been successfully activated?

A successful application message will be displayed at Maybank2u.com, together with your new m2u Savers Account Number upon account opening. You will also be notified of your successful application via SMS

How many m2u Savers accounts can I apply for?

Each customer can only apply for One (1) m2u Savers Account

Are Joint Accounts applicable for m2u Savers?

No. m2u Savers is available to Individual customers only

No. m2u Savers is available to Individual customers only

No. m2u Savers is not tied to any physical home branch. However, it will be tied to a Virtual Banking Branch with the Branch Code 11140

How do I make my first deposit to m2u Savers?

If you have at least one (1) Current or Savings Account attached to your Maybank2u.com account, you can make the first deposit to m2u Savers by transferring funds from any of these existing accounts. If you do not have any Current or Savings Account attached to Maybank2u.com, you can make your first m2u Savers deposit using any Cheque Deposit Machine (CQM), Cash Deposit Machine (CDM) or by transferring funds via Interbank GIRO (IBG) from other Banks using your new m2u Savers Account Number

What does “RM250 Capping” mean?

RM250 capping means you must always have a minimum balance of RM250 in your m2u Savers account, i.e. any withdrawal which will results in an account balance of less than or equals to RM250 is not allowed

Are all the Maybank2u.com functionalities available to my m2u Savers account upon activation?

Yes

How do I apply for an Maybank2u Savers ATM Card?

• For Maybank2u users with existing ATM cards, your Maybank2u Savers account will automatically be tied to your existing ATM Card, which acts as the access number for your Maybank2u login.
• If you do not have a Maybank ATM Card (i.e. existing Credit Card holders without any Savings or Current accounts), you can visit any branch to apply for one. Please note that Maybank2u access can only be tied to an ATM Card Access Number or Credit Card Number. Once you visit a branch to apply for an ATM card, your Maybank2u access number will be linked to your new ATM Card Access number, and will no longer use your Credit Card number

Can an m2u Savers account holder withdraw/transact at any branch?

Yes. You can withdraw/transact at any branch. However, a RM5 service charge will be imposed for transactions that can be fulfilled at Maybank2u.com or at our Maybank kiosks (e.g. withdrawal less than 5k)

How do I close my m2u Savers account?

You can submit a request to close your account via Maybank2u.com. There are three (3) balance transfer methods for Account Closure:

1. Own Account Transfer

2. Third Party Transfer

3. Interbank GIRO (IBG)

If you select Own Account Transfer to transfer your balance, then the interest earned to date as well as the service charge (if any) will be calculated and closed online. If you select Third Party Transfer or IBG as the Closure balance transfer method, the closure will be handled by our Maybank Group Contact Center (MGCC) within 3 working days and you will be notified on the closure status via SMS

Can I close m2u Savers at the branch?

Yes. Please take note that RM5.00 service charge will be imposed if you closed the account at branch. This is due to account closure can be performed via Maybank2u.com

How do I “hold”/close an account for the deceased?

For the deceased, the next of kin can visit any branch to "hold" the account or to perform account closure but will need to show proof.

How do I “delete hold” on my account if I have been released from bankruptcy?

You may visit any branch to "delete hold" on the account with proof.