Frequently Asked Questions

Premier-1 Account

Do I have to maintain a minimum balance?

No, there is no minimum balance requirement.

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.

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.

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.

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.

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.