Maybank net Current Account-i

This is an online Maybank current account that pays out dividends based on the Mudharabah principle - easy online checking with no introducer required.

    • Islamic account
    • Phone Banking Service
    • Free Cheque Book
    • Account Statement
    • No Introducer Required
  • Min. AmountMax. AmountProfit Rate
    RM1RM2000001.2% p.a.
    RM200001no maximum1.95% p.a.
View product disclosure sheet.


What would make it different?

Cashline Overdraft
Online Banking
Mobile App

Fees & Charges

There are always fees but how much are they?

Service Fee
  • RM10.00 every 6 months
  • Waived with monthly average balance of RM1000
  • MEPS Withdrawal Fee
    Early Closure Fee
    Dishonoured Cheque Fee
    Stop Payment Cheque Fee


    Are you eligible for this account?

  • Malaysians
  • Permanent Residents
  • Minimum Age
    18 years old
    Minimum Initial Deposit

    Frequently Asked Questions about Maybank net Current Account-i

    Things you might want to know

    Is this a current account?

    Yes it is a current account. Maybank net Current Account-i allows you to deposit and withdraw cash at your convenience, apart from providing you the flexibility of utilizing its checking and overdraft (Cashline) 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 Mudarabah (profit sharing). The best part about this current account is that it is also an investment account.

    How does Maybank net Current Account-i work?

    Generally speaking, all banks 'borrow' money deposited into its 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 is not guaranteed by the bank as it is classified under 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 are the benefits can I get from this current account?

    This current account has its core features made available to you, such as an overdraft (Cashline) facility, a cheque book and an ATM/debit Visa or MasterCard for your payment convenience. 

    What's more, you can link your current account to a Maybank2u online banking to simplify your money management. 

    Cash deposit and withdrawal is also made easy for you as Maybank has over 600 ATMs throughout Malaysia and Singapore and over 2,500 MEPS ATMs nationwide.

    To top it off, you will be automatically covered with a complimentary Personal Accident Takaful coverage and medical expenses when your account balance hits RM1,000 and above - what a way to save on insurance cost isn't it?

    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.

    Rest assured that your profit and loss is shared with the bank based on the Mudarabah contract.

    Who can apply for this current account?

    Any individuals in Malaysia 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, you need to prepare the following documents:

    • Original MyKad 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)

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