Private Banking Account

A Private Banking Account is a savings account designed for high-net-worth individuals, offering access to dedicated relationship managers, specialised financial advice, and tailored wealth management solutions.

Previously available by invitation-only at branches, PBA is now accessible via the MAE app and Maybank2u website.

• Higher-tiered indicative interest rates of up to 1.50% p.a.*
• Assisted by dedicated relationship managers
• Free Personal Accident (PA) insurance coverage of up to RM50,000
• Free medical coverage (accident-related) of up to RM3,000
• Access Maybank Premier Wealth Services¹ and Centres nationwide
• Concierge services²

* Effective from 11 July 2025 and subject to change.

¹On condition that customers maintain a minimum of RM250,000 in Investable Assets (Deposits & Investments) or RM1,000,000 in Total Financial Assets (Deposits, Investments & Financing) with Maybank within 12 months of opening their Private Banking Account. Other Terms and Conditions apply.

²Concierge services are available on arrangement basis only.

• Private Banking Account customers must maintain one of the following with Maybank at all times:
  • A minimum of RM250,000 in Investable Assets (Deposits & Investments), or
  • A minimum of RM1,000,000 in Total Financial Assets (Deposits, Investments & Financing)
• New Maybank customers who are interested in applying for a Private Banking Account online via the MAE app or Maybank2u website will first be guided to open a Premier 1 Account as part of the application process. A Relationship Manager will subsequently contact the customer to facilitate the transition to a Private Banking Account. Customers will then have 12 months from the date of account opening to fulfil the criteria above.
• Existing Maybank customers who fulfil the above eligibility criteria can proceed to open a Private Banking Account online via the MAE app or Maybank2u website.

You can now open a Private Banking Account fully online via the MAE app or Maybank2u website. Follow these simple steps below:

• Are there any charges to apply for a Private Banking Account?
  An annual maintenance fee of RM800 will be charged and debited from the Private Banking Account if the customer fails to meet the Minimum Qualifying Criteria for the past 12 consecutive months. Customers will be notified prior to the fee being charged.
• What documents will I need to have before starting the application?
  Customers will need to have the required identification documents ready before starting the online application:
  • Malaysians: MyKad
  • Non-residents/Foreigners: Passport
• Is there a minimum age to apply for a Private Banking Account?
  Applicants must be at least 18 years old This includes non-residents and foreigners with valid work permits.
• Why do I need to have an existing non-Maybank bank account to apply for a Private Banking Account online?
  To activate the account, new Maybank customers are required to perform an FPX transfer from another non-Maybank bank account registered under their name in order to complete the eKYC (electronic Know Your Customer) process. Existing Maybank customers may transfer funds from their existing Maybank bank accounts.

Click here for Online Account Opening Frequently Asked Questions and Terms & Conditions.

* Not Protected by PIDM.

* Private Banking Account protected by PIDM RM250,000 for each depositor.

* Click here for PIDM's DIS Brochure.

*Effective from 11th July 2025

Note: You can earn the highest interest rates if you meet the following requirements:-

• Daily private banking account deposit balance of more than RM100,000 for the entire month,
• Taking a loan of a minimum amount of RM100,000 and above.