 |
|
 |
|
ADDvantage Time Deposit
Premier 1 Checking Account
Maybankard ATM
Money2U ATM Account
ATM Card eligibility
ATM Services
Inter-Country
ATM Facility
ADDvantage Time Deposit
| Q1. |
How much is the opening deposit for ADDvantage? |
| A: |
The minimum initial deposit
for ADDvantage 1, 2, 3 & 5 year terms is P50,000.00. |
| |
|
| Q2. |
What are the interest rates? |
| A: |
For the latest rates, please call your Maybank branch or (02) 521-7451 |
| |
|
|
|
| Q3. |
Are there special rates available for higher deposits? |
| A: |
Interest rates quoted are fixed for all
deposit amounts. |
|
|
| |
|
| Q4. |
What are the main product features? |
| A: |
| a. |
ADDvantage Flex 1, 2 & 3 years – Flexible interest
rates with guaranteed base rate, which means depositors can enjoy higher
earnings when rates are raised. However, if the rates are lowered,
they can still enjoy the guaranteed base rate, i.e. the rate upon account
opening. |
| b. |
ADDvantage 5 year TD – Tax-free interest rates as
withholding tax on interest earnings and DST are waived. |
|
|
|
| |
|
| Q5. |
Do I need to pay for the Documentary Stamp Tax (DST) charges
for the evidence of deposit/certificate of time deposit (CTD)? |
| A: |
Documentary Stamp Tax charges for ADDvantage
1, 2, 3 & 5 year terms are waived for as long as deposit term is completed;
otherwise, clients pay for the DST in full which is in the amount of P1.00 for
every P200.00 per year or fraction thereof. |
|
|
| |
|
| Q6. |
What are the other features of ADDvantage Flex 1, 2 & 3
years? |
| A: |
| The other features of ADDvantage Flex 1, 2 & 3
years are: |
| a. |
Interest is credited monthly to Savings (or existing Current
Account). |
| |
| |
Savings Account to be opened is subject to P100.00
opening deposit, but no maintaining balance requirement. Clients
have the option to credit the interest to their existing Current Account.
However, the account shall be subject to the required maintaining ADB. |
|
| b. |
Interest is subject to withholding tax as mandated by
BIR: |
| |
| Term |
Withholding Tax |
| Flex 1 year |
20.0% |
| Flex 2 years |
20.0% |
| Flex 3 years |
12.0% |
|
|
|
|
| |
|
| |
What are the other features of ADDvantage 5 years Fixed and
Plus? |
| |
| The other features of ADDvantage 5 years Fixed
and Plus are: |
| c. |
Fixed – interest may be withdrawn upon maturity,
and the basis of yearly credited interest shall be the original principal
amount upon account opening. |
| d. |
Plus - interest is credited monthly to Savings (or existing
Current Account). |
| |
|
Savings Account to be opened is subject to P100.00
opening deposit, but no maintaining balance requirement. Clients
have the option to credit the interest to their existing Current Account.
However, the account shall be subject to the required maintaining ADB. |
|
| e. |
Taxes are waived as long as deposit term is completed,
otherwise, clients pay for the DST and withholding tax charge: |
| |
| Elapsed Term |
Withholding tax on interest |
| Less than 1 year |
20.0% |
| Less than 2 years |
20.0% |
| Less than 3 years |
20.0% |
| Less than 4 years |
12.0% |
| Less than 5 years |
5.0% |
|
|
|
|
| |
|
|
|
| Q7. |
When shall interest be credited and what is the basis of computation? |
| A: |
| a. |
Interest shall be credited every nth day of the month
based on the same nth day of the month when the account was opened (or yearly,
in case of 5 year fixed), i.e. if the account was opened June 25th, the interest
shall be credited on July 25th and every 25th of the month thereafter. |
| b. |
The interest shall be computed as I = Principal x Rate
x Time |
| c. |
“Time” is expressed in actual number of days
elapsed during the month, divided by 365 days per year. As such, a
different net amount shall be credited for months with 28, 29, 30 and 31
days. |
|
|
|
| |
|
| Q8. |
Does the Savings Account, wherein the interest is credited,
earn interest? |
| A: |
Savings Account shall earn an interest of
1.0% pa if the account balance is P10,000.00 and above. |
|
|
| |
|
| Q9. |
Can I add to the principal? |
| A: |
Adding to the principal is not allowed,
however, the client may open a new placement. |
|
|
| |
|
| Q10. |
What happens if I pre-terminate? |
| A: |
| |
For ADDvantage 5 years (Fixed & Plus) – the
interest credited to the account shall be re-computed based on the elapsed
term from account opening: |
| |
| Elapsed Term |
% Interest to be credited |
| Less than 1 year |
25% of quoted rate |
| Less than 2 years |
40% of quoted rate |
| Less than 3 years |
55% of quoted rate |
| Less than 4 years |
70% of quoted rate |
| Less than 5 years |
80% of quoted rate |
|
| |
|
|
For ADDvantage Flex 1, 2 & 3 years – the interest
credited to the account shall be re-computed based on the elapsed term from
account opening: |
| |
| Elapsed Term |
% Interest to be credited |
| Less than ½ of term |
Savings rate |
| More than ½
of term |
50% of rate quoted |
| More than ¾ of term |
75% of rate quoted |
|
| |
|
|
Note that the net proceeds upon pre-termination may
be less than the principal amount due to interest paid in advance (credited
to account). |
|
|
|
|
|
|
|
|
|
 |
 |
Premier 1 Checking Account
| Q1. |
How much is the required opening deposit for Premier 1? |
| A: |
The minimum initial deposit, maintaining
balance and balance to earn interest for Premier 1 Checking Account is P20,000.00. The
balance to earn additional interest is P50,000.00 depending on the number of
withdrawals during the month. |
| |
|
| Q2: |
What are the product features? |
| A: |
• Tiered interest
• Add–on interest
• Personal accident insurance
• Record book
• Itemized posting of inward clearing checks
• Inter-country ATM card
• Monthly Statement of Account
• Exclusive checkbook wallet |
| |
|
| Q3: |
What are the interest rates tiers? |
| A: |
For the latest rates, please call your Maybank
branch or (02) 521-7451 |
| |
|
| Q4: |
When shall interest be credited and what is the basis of computation? |
| A: |
The interest shall be credited on a quarterly
basis. It shall be computed based on the daily ending balance of account
and the total amount for credit is the aggregate of daily computed interest
for the quarter. |
| |
|
| Q5: |
Do I have to pay any tax on the interest? |
| A: |
All interest earned shall be subject to
20.0% withholding tax. |
| |
|
| Q6: |
How does one avail of the add-on interest? |
| A: |
For a minimum of P50,000.00 deposit, the
account earns an additional 2.0% if no withdrawal was made during the month,
or an additional 1.0% if only one (1) withdrawal was made during the month. Add-on
shall be added on the regular daily interest and credited quarterly in aggregate. |
| |
|
| Q7: |
What is the maximum interest? |
| A: |
Please click here to view Premier
1 Checking Account interest rates. |
| |
|
| Q8: |
Which transactions are considered as withdrawals? |
| A: |
Check issuance, ATM cash withdrawal, ATM
Bills Payment, Fund Transfers and other client-initiated debits shall be considered
as a withdrawal. |
| |
|
| Q9: |
How to avail the coverage of the Free Personal Accident Insurance? |
| A: |
Individual accounts and their co-accountholders
are automatically covered worldwide, 24/7 for loss or disability due to accident. Sum
coverage shall be divided equally among the co-accountholders and is equivalent
to five times the average daily balance (5 x ADB) subject to a maximum of
P500,000 per account. |
| |
|
| Q10: |
Are commercial accounts eligible for the insurance coverage? |
| A: |
Only individual accounts are eligible for
the insurance. |
| |
|
| Q11: |
Can withdrawals from the account be done using the record book? |
| A: |
As Premier 1 is a checking account, withdrawals can be made
by issuing checks or via the ATM. The record book is for monitoring purposes
only. |
| |
|
| Q12: |
Will the record book reflect all inward items? |
| A: |
The record book shall reflect up to a maximum of 100 transactions
per day. Otherwise, the day’s net balance shall be posted in the record
book. |
| |
|
| Q13: |
Where will the Statement of Account be delivered? |
| A: |
Statement of Account shall be available for client’s
pick up at branch of account. However, Statement of Accounts may be sent to the
client’s specified business or residential address if unclaimed for a period
of more than 3 months. |
| |
|
| Q14: |
Can withdrawals be done abroad using the inter-country ATM
card? If so, in what currency and exchange rate? |
| A: |
Withdrawals may be made at any Maybank ATM in the Philippines,
Malaysia, Singapore and Brunei in the local currency where situated (i.e., Philippine
Peso (PHP), Malaysian Ringgit (RM), Singapore Dollar (SGD) and Brunei Dollar (BND)). The
foreign exchange rate for the day shall apply. |
 |
 |
Maybankard ATM
| Q1. |
When transacting through Maybank ATM’s abroad, what currency
shall withdrawals be made and what is the exchange rate? |
| A: |
Withdrawals may be made in the local currency
where situated (i.e., Philippine Peso (PHP), Malaysian Ringgit (RM), Singapore
Dollar (SGD) & Brunei Dollar (BND)). The foreign exchange rate for
the day shall be applicable. |
| |
|
| Q2: |
Is there a service fee for transacting at Maybank ATM’s
abroad? |
| A: |
There is a charge of a minimal fee of P20.00 per withdrawal,
while balance inquiry and pin change transactions are free of charge |
| |
|
| Q3: |
Is there a transaction limit for withdrawals? |
| A: |
A maximum of P10,000 per transaction or
up to P30,000 per day – converted to the equivalent currency (i.e. RM,
SGD or BND) shall be applicable to card holders of Maybank Philippines. |
| |
|
| Q4: |
Is there a service fee for PayLink & Debit Bills Payment
transactions? |
| A: |
PayLink and Debit Bills Payment transactions
are free of charge. |
| |
|
| Q5: |
How much is the service charge for Mobile Banking
transactions? |
| A: |
Following fees shall be charged for Smart
Postpaid Account/ Prepaid Load
• Activation – P3.00
• Fund Transfer – P3.00
• Balance Inquiry – P3.00
• Reload Buddy – P1.00
• Reload Money – P2.50
• Call Us – P1.50 plus airtime charge for voice call |
| |
|
| Q6: |
How much is the service charge for Inter Bank Fund Transfer
transactions and is there a transfer limit? |
| A: |
Currently, IBFT service costs P25.00 per
transaction. The maximum aggregate amount of P30,000 per day shall be
applicable for IBFT and cash withdrawal transactions. |
| |
|
| Please note: The above stated amounts
and fees are subject to change without prior notice. |
| |
|
 |
 |
Money2U ATM Account
| Q1. |
What is Money2U ATM Account? |
| A: |
The Money2U ATM account is a savings account
ideally for Overseas Filipino Workers (OFW) and/or their beneficiaries and other
Filipinos living and working abroad. |
| |
|
| Q2: |
How can I open a Money2U ATM Account? |
| A: |
| To open an account, the OFW must
present any of the following documents: |
| a) |
Certificate of attendance at the Pre-departure Orientation
Seminar (PDOS) |
| b) |
Photocopy of the applicant’s passport which shows
foreign assignment |
| c) |
Employment Contract or Work Permit |
| In addition, the OFW must present
at least two valid IDs, i.e. Driver’s License, PRC ID, Government ID or
other. |
|
| |
|
| Q3: |
Is there an opening deposit balance or maintaining balance? |
| A: |
No opening deposit balance and maintaining
balance is required. |
| |
|
| Q4: |
Can the beneficiary open an account on behalf of the OFW? |
| A: |
| Yes, the beneficiary can open
the account on behalf of the OFW. The beneficiary must present any of
the following documents: |
| a) |
Employment Contract or Work Permit of the OFW |
| b) |
Foreign Income Tax Return for residents in other countries |
| c) |
Certificate of Attendance at the Pre-Departure Orientation
Seminar (PDOS) duly issued by POEA |
| d) |
Green Card for USA residents |
| e) |
Proof of at least one foreign remittance previously sent
by the OFW or Filipino resident abroad |
|
| |
|
| Q5: |
Where can I send money? |
| A: |
You can send money through our Maybank branches
in Malaysia, Singapore and Brunei. Alternatively, an OFW/Filipino
resident can visit any bank or remittance center in other countries and credit
money to his/her Maybank account number. |
| |
|
| Q6: |
When will the beneficiary receive the money? |
| A: |
The beneficiary will receive the money within
24 hours if it is sent through Maybank branches. Otherwise, money will be received
within 3 days. |
| |
|
| Q7: |
What is the fee charged for remittance? |
| A: |
For every successful remittance, the sender
(OFW) will be charged a fee of P150.00. |
| |
|
| Q8: |
Can I use my Money2U ATM card to make withdrawals from non-Maybank
ATMs? |
| A: |
Yes, you can use your ATM card anytime,
anywhere in the Philippines through any of the 1,600+ MegaLink, 2,000+ BancNet
and 1,900+ ExpressNet ATMs nationwide.
The intercountry feature of the Money2U ATM card also enables you to make
withdrawals in Malaysia, Singapore and Brunei (in the respective local currencies). |
| |
|
| Q9: |
How much can I withdraw using my Money2U ATM card? |
| A: |
When using Maybank ATMs, the withdrawal
limit is as much as P10,000 per transaction and P30,000 per day. If you use
other ATM networks, their transaction limits and corresponding charges will
apply. |
| |
|
| Q10: |
Will my money in the Money2U ATM Account earn interest? |
| A: |
No, your money in the Money2U ATM will not
earn interest. |
| |
|
| Q11: |
What happens if I do not use my Money2U ATM card? |
| A: |
If no remittances are received or your account
has been inactive for 9 consecutive months, it will be automatically converted
to a Regular Savings Account. This will be subject to a maintaining balance,
service charges and other conditions. |
| |
|
| Q12: |
If I do not have a Money2U ATM account, can I make a remittance
to my other Maybank accounts? |
| A: |
Yes, you may send money to any other Maybank
account using telegraphic transfer. A fee of US$5.00 will be charged for every
successful transfer. |
| |
|
 |
 |
ATM
Card Eligibility
| Q: |
When
can a client pick up his new ATM Card? |
| A:
|
MPI
follow two cut-offs |
| |
Wednesday 5 pm cut-offs
Friday for Metro Manila (3rd day)
Monday to provinces (4th day)
Friday
5pm cut-off
Tuesday for Metro Manila (3rd day)
Wednesday for provinces (4th day)
|
| |
|
|
Q:
|
Can
I direct someone else to collect my ATM card and PIN Mailer
on my behalf? |
| A:
|
Yes,
provided that, |
| |
Client
representative bring an authorization letter and both
their Ids.
The
card will not be activated at this point
For
activation, client must send the branch a letter stating
that he has received his card and mailer and is requesting
for activation
|
 |
 |
ATM
Services
| Q: |
What
is the maximum cash withdrawal for every transaction?
|
| A: |
Maximum cash withdrawal per transaction is P4,000 while
minimum cash withdrawal per transaction is P100.
Maximum
Cash withdrawal per day is P20,000.
There
are no limit for Intrabank Fund Transfer while the maximum
third party fund transfer per day is P20,000
Ten
withdrawals are allowed per day.
|
| |
|
|
Q.
|
How
many accounts can be linked to one card? |
| A: |
The
maximum number of accounts linked to 1 card is 8.
Primary
and Secondary Accounts
- The
top two out of eight accounts
- There
can only be one primary for each SA or CA
- The
only accounts that Megalink and Inter-Country ATM Link
see are the Primaries only
For example:
- Savings
(Primary) + current (Primary)
- Savings
(Primary) + savings (Secondary)
- Current
(Primary) + current (Secondary)
- MPA
savings (Primary) + current (Primary)
- MPA
savings (Primary) + savings (Secondary)
|
 |
 |
Inter-Country
ATM Facility
| Q. |
What
is the Maybank Inter-Country ATM Link ? |
| A: |
The Maybank Inter-Country link is the interconnection
of Maybank Automated Teller Machines (ATMs) of Philippines,
Malaysia, Singapore and Brunei under a proprietary system
that enables Maybank depositors in any of these countries
to access their accounts through their Maybank Inter-Country
ATM Cards and transact online even if they are in the other
three countries.
|
| |
|
|
Q.
|
Is
Maybank Philippines the first to offer such Inter-Country
ATM link ? |
|
A:
|
Yes.
The Inter-Country link of Maybank is a system developed and
maintained by us unlike other banking institutions which only
links up to International network like VISA and Mastercard.
|
| |
|
|
Q.
|
What
is the language used at the other Maybank ATMs abroad ? |
|
A:
|
English
is the primary language used in the ATMs of Maybank Group. |
| |
|
|
Q.
|
What
transactions can I avail of through my Maybank Inter-Country
ATM Card ? |
|
A:
|
Initially,
you can do the following:
1.
Check account balance
2.
Withdraw in the currency of the country you are in
3.
Transfer funds between linked accounts
Soon,
you would also be able to remit funds (especially for Overseas
Filipino Workers) and make third party transfers from other
Maybank account to Maybank Philippine account and vice versa.
|
| |
|
|
Q.
|
How
will I know about additional services in the near future ? |
|
A:
|
We
will let you know through notices posted at our ATM booth,
leaflets and press releases. |
| |
|
|
Q.
|
What
benefits will I enjoy by having Maybank ATM card? |
|
A:
|
When
travelling in Malaysia, Singapore and Brunei, you do not have
to carry a large amount of cash or convert it to local currency.
If
you would like to send remittance to your relatives in the
Philippines, you can do so - safely and conveniently through
Inter-Country third party fund transfer and through online
Cash Deposit Machines. Both of which will be available by
June 2001.
|
| |
|
|
Q.
|
Will
my friends based in these countries get to enjoy the same
services ? |
|
A:
|
Yes.
Maybank ATM cardholders in Malaysia, Singapore and Brunei
will be able to use the ATMs of Maybank Philippines whenever
they are here. They can also do the following with their
Maybank Inter-Country ATM Card:
1.
Inquire about the bank balance
2.
Pay credit card accounts
3.
Pay housing and term loans
4.
Transfer funds to linked accounts maintained in the same
country
|
| |
|
| Q.
|
Do
I have to apply for this special feature ? |
| A: |
All
Maybank ATM cardholders are automatically entitled to enjoy
these Inter-Country services. As for those who have yet to
open Maybank ATM accounts, the Maybank ATM Inter-Country Card
automatically comes with it -- no separate application necessary. |
| |
|
| Q.
|
Where
can I use my Maybank Inter-Country ATM Card ? |
|
A:
|
You
can use your Maybank Inter-Country ATM card at the 10 Maybank
ATMs located in key Metro Manila areas, Cebu and Bacolod.
You can also transact at any Megalink ATM and very soon at
Bancnet and Expressnet ATMs. In Malaysia, you can use it at
any of the 814 Maybank ATMs, as well as the 22 in Singapore
and 3 in Brunei. |
| |
|
|
Q.
|
Where
are the Maybank ATMs located ? |
| A: |
At
present, Maybank ATMs are located within these branches:
- Legaspi
Towers, Manila
-
A. Mabini, Manila
-
Binondo, Manila
-
Tondo, Manila
-
Camp Aguinaldo, Quezon City
-
Gil Puyat Ave., Makati City
-
Ortigas, Pasig City
-
Sangandaan, Caloocan City
-
Gen. Luna St., Malabon
-
Villamor Air Base, Parañaque
-
La Huerta, Parañaque
-
Meycauayan, Bulacan
-
Baliuag, Bulacan
-
San Fernando, Pampanga
-
Biñan, Laguna
-
Sta. Rosa, Laguna
-
Laoag, Ilocos Norte
-
Candelaria, Quezon
-
Luzuriaga St., Bacolod
-
J. M. Basa st., Iloilo City
-
Roxas Ave., Roxas City
-
Poblacion, Bago City
-
Jones Ave., Cebu City
-
Magallanes St., Davao City
You
can also access Maybank's local ATM services through over
3,000 Megalink and Bancnet ATMs nationwide.
|
| |
|
|
Q.
|
Will
I be charged for Inter-Country transactions ? |
|
A:
|
Only
for successful cash withdrawals will you be charged a fee,
which is P20.00 per successful cash withdrawal by an MPI
cardholder. You will not be charged for successful Balance
Inquiries, Fund Transfers and Payments.
For
other countries' cardholders, the following are the fees
per successful cash withdrawals as of February 2001.
Malaysia RM
2.00
Singapore S$
2.00
Brunei B$
2.00
|
| |
|
| Q.
|
How
much money can I withdraw per day ? |
A:
|
As
an MPI Inter-Country ATM cardholder, you can withdraw a
maximum of Php 20,000.00 per day.
For
Malaysian, Singaporean and Bruneian cardholders, they can
withdraw to a maximum of Php 12,000.00 per day or Php 4,000.00
per transaction to a maximum of three (3) withdrawal transactions
per day.
|
| |
|
|
Q.
|
How
many cash withdrawals am I allowed to do per day? |
|
A:
|
All
Maybank cardholders are only allowed 3 successful cash withdrawals
per day or a maximum of Php 20,000.00. |
| |
|
|
Q.
|
How
will I know the foreign exchange conversion rate at the time
that I transact? |
|
A:
|
The
foreign exchange rate applied to your withdrawal shall appear
on the consumer receipt issued after your withdrawal. |
| |
|
|
Q.
|
Can
Maybank cardholders of Malaysia, Singapore and Brunei also
use Megalink member banks' ATMs? |
|
A:
|
Very
soon. |
| |
|
|
Q.
|
For
any questions on this facility or for complaints regarding
my transaction, where can I make an inquiry? |
A:
|
During
business hours, you may approach any branch personnel for
inquiries regarding this facility. For off-business hours,
you may inquire from the following hotlines: 637-6817 to 19
(Data Center) |
| |
|
|
Q.
|
What
do I do in case of Debit without Dispense/Short Dispense? |
A:
|
When
using onsite ATMs, immediately report to the branch that owns
the ATM and give the details of the transaction. For off-site
ATMs, use the hotlines below or report to the nearest Maybank
branch. An investigation shall be conducted by the branch
personnel on whether or not there was such an instance. |
| |
|
Q.
|
What
do I do on case of a lost card? |
|
A:
|
During
business hours, immediately report this to the branch personnel
of the nearest Maybank branch. For off-business hours, you
may report via the following hotlines: 637-6817 to 19 (Data
Center) |
| |
|
|
Q.
|
What
do I do in case I forgot my PIN or if my card has been damaged? |
| A:
|
You
can request for a replacement card at your home country. |
| |
|
|
Q.
|
What
do I do in case of retained card? |
|
A:
|
During
business hours, at onsite ATMs, immediately report to the
branch that owns the ATM and give the details of the transaction.
For off-site ATMs, use the hotlines below or report to the
nearest Maybank branch, immediately report this to the branch
personnel of the nearest Maybank branch. For off-business
hours, you may report via the following hotlines: 637-6817
to 19 (Data Center) |
| |
|
Q.
|
What
other services will be available in the near future? |
A:
|
By
May 2001: Third Party Fund Transfer (within country)
PIN
Change
By
July 2001: Third Party Fund Transfer (inter-country)
Cash
Deposit thru CDMs
Passbook
Update
EFT/POS
By
4th Quarter 2001: OTC Inter-country transactions
|
 |
 |
|
|
 |
|