Maybank net Current Account-i (Zest-i Account)
Also known as Zest-i Account, the Maybank net Account-i allows you to deposit and withdraw cash at your convenience, apart from providing you with the flexibility of utilising its checking facilities, subject to fees and charges.
It is worth mentioning that this is a profit-bearing Islamic current account that operates under the Shariah contract of Mudharabah (profit sharing).
The best part about this current account is that it is also an investment account.
How does this Maybank current account-i work?
Generally speaking, all banks 'borrow' money deposited into their accounts (savings, current, fixed etc) to invest in various asset classes and markets.
Then, proceeds from the investment will be distributed to depositors by way of profit payment, which happens periodically.
The same mechanics applied to Maybank net Current Account-i, except that your principal and profit are not guaranteed by the bank as it is classified under an unrestricted investment account.
Instead, you will be sharing profit and loss with the bank based on a predetermined ratio.
The profit will be calculated daily and will be paid every month, regardless of the balance amount left in your account - the more the better!
What benefits can I get from this current account?
This current account has its core features made available to you, such as a chequebook and an ATM/debit Visa or MasterCard for your payment convenience.
What's more, you can link your current account to Maybank2u online banking to simplify your money management.
Cash deposits and withdrawals are also made easy for you as Maybank has over 2,800 ATMs throughout Malaysia and Singapore and over 2,500 MEPS ATMs nationwide.
To top it off, you can also stand a chance to win awesome prizes all year long - monthly, quarterly, half-yearly and annual; simply invest as low as RM200 and maintain a certain Month End Balance (MEB) amount to bring home a unique prize.
Is it safe to keep my money in this current account?
It is practically safe to keep your money in a bank account. However, since this current account is technically an investment account, your deposit will not be guaranteed by Perbadanan Insurans Deposit Malaysia (PIDM).
Rest assured that your profit and loss are shared with the bank based on the Mudarabah contract.
Who can apply for Maybank net Current Account-i?
Any individuals residing in Malaysia or non-residents with working permits aged 18 years and above can apply for this current account.
Before making your way to the nearest Maybank branch for this personal or joint current account opening, please make an appointment first and bring along the following documents.
- IC for Malaysians and Passports for foreigners
- Valid driving license
- Utility bills in the name and address of the customer opening the account
- Letter of employment
- Credit card (if any)