What is the Premier 1 Account from Maybank?
This is a current account that will grant you with high and attractive interest rates with a deposit as little as RM5,000.
Your earnings will be calculated daily, and credited into your Premier 1 current account every month.
You will have access to both an overdraft for excess funds for emergencies, and also a cheque book, to make payments easier and faster.
What are the benefits of this account?
Other than ATM withdrawal, Kawanku phone banking, and online banking, there are perks here that are rarely seen for current accounts.
First of all, the Maybank Premier 1 account was definitely made with the traveler in mind, as you will have a special 25% discount on commission when signing off a Traveller's Cheque worth more than RM2,000.
Other than that, if you've not yet bought yourself an insurance policy of any kind, you will get covered for free with free personal accident (PA) insurance coverage of up to RM50,000 and medical expenses paid for for up to RM3,000.
What are the charges?
You will be greeted with a monthly fee of RM5 until your daily balance is more than RM50,000 - now that's a motivational technique!
You will also get charged for RM20 if you close the account early within 3 months of account opening.
Will I be eligible to open this current account?
If you are a Malaysian resident or a foreigner with a valid work permit, you are eligible to open this new account with Maybank.
Any legitimate club, society and association is eligible for an account. Remember, the minimum opening deposit is RM1000.
What documents do I require for account opening?
- Identification Card (IC) for Malaysians
- Passports for foreigners
In addition, you will need a secondary supporting document such as:
- valid passport (if IC is your primary document)
- valid driving license
- credit card
- letter of employment; or
- the utility bills in the name and address of the customer opening the account.