1. Do I have to maintain a minimum balance?
  2. What happens if I issue a cheque and there are insufficient funds in the Premier 1 account?
  3. Do I have to pay any fees?
  4. Since I do not have a passbook, how will I know the balance in my account?
  5. Is a Maybank Premier 1 Account held in trust eligible for the overdraft facility?
  6. Can a company open a Premier 1 Account?

1. Do I have to maintain a minimum balance?
No, there is no minimum balance requirement.

Back to top

2. What happens if I issue a cheque and there are insufficient funds in the Premier 1 account?
The OD facility will be utilised (if the customer has an OD facility) to clear the cheque.

Back to top

3. Do I have to pay any fees?
There are no more autosweep and subscription fees, only a fee of RM5 per month to enjoy the benefits of Maybank Premier 1. However if your daily balance is more than RM50,000, this monthly fee will be waived.

Back to top

4. Since I do not have a passbook, how will I know the balance in my account?
A monthly statement will be mailed to you. You can also make balance enquiries through the ATM or Kawanku Phone Banking or Maybank2u.com.

Back to top

5. Is a Maybank Premier 1 Account held in trust eligible for the overdraft facility?
No. Maybank Premier 1 Trust Accounts, as well as that of clubs, societies and associations are not eligible.

Back to top

6. Can a company open a Premier 1 Account?
No. The Premier 1 Account can only be opened by individuals either as a single account or as a joint account up to a maximum of 4 persons. Clubs, societies and associations are allowed to open the Premier 1 Account.

Back to top