What Is the Maybank Corporate MyDebit Card About?
The Maybank Corporate MyDebit Card is a specialised debit card helping businesses make smooth, cashless payments to government agencies.
Leveraging the MyDebit network, it links directly to your company's Maybank Current Account, allowing you to settle dues at organisations like the Inland Revenue Board (LHDN), EPF (KWSP), SOCSO, and the Immigration Department without the need for cash or cheques.
What Benefits Do I Get With This Debit Card?
- Specialised Usage: Accepted at key government agencies including LHDN, KWSP, SOCSO, Royal Malaysian Customs, and more.
- Cost Efficiency: Enjoy a Lifetime Fee Waiver with absolutely no annual fees.
- Expense Tracking: Easily monitor and reconcile all government-related transactions through the Maybank2u Biz platform.
- Enhanced Security: Payments are secured with a 6-digit PIN, reducing the risk associated with carrying large amounts of cash.
- Company Branding: The card face is personalised with your company name for a professional look.
Any Other Features That I Should Know About?
Beyond its core payment capabilities, the Maybank Corporate MyDebit Card is built with specific operational controls to protect your business funds.
To ensure capital is used strictly for official obligations, the card is restricted solely to government agency payments, effectively preventing misuse for general retail shopping or ATM cash withdrawals.
This focused functionality provides business owners with peace of mind, knowing that company resources are secure from unauthorised personal spending.
The card is also designed for long-term convenience with a seven-year validity period, significantly reducing the administrative hassle of frequent renewals.
It also comes equipped with contactless payment features for quicker transactions at counters; you simply need to perform one successful PIN transaction to activate this tap-and-go capability.
For added security, the bank triggers an automatic SMS alert to your registered mobile number for any transaction exceeding RM500, ensuring you stay updated on your account activity in real-time.
What Are the Fees Or Charges?
- Annual Fee: Free (No annual fee).
- Issuance Fee: Waived.
- Card Replacement Fee: RM12.00 (charged for lost, stolen, or damaged cards).
- Sales Draft Retrieval Fee: RM15.00 per copy.
Are There Any Transaction Limits For This Debit Card?
- Daily Purchase Limit: Default is set to RM20,000, but you can increase this up to RM30,000 via Maybank2u Biz.
- ATM Withdrawal Limit: RM0 (This card does not support ATM cash withdrawals to prevent misuse).
- Retail Purchase Limit: The card is restricted to government agency terminals and cannot be used for standard retail shopping.
Who Is Eligible to Apply?
- Private Limited Companies (Sdn Bhd)
- Partnerships & Professional Bodies
- Clubs, Societies & Associations
Note: Sole Proprietorships are currently not eligible for this specific card.
What Are the Required Documents to Apply?
Existing Customers:
- You must have an active Maybank Current Account and be a registered user of Maybank2u Biz.
New Customers:
- You will need to open a Corporate Current Account first. Standard business account opening documents apply, which typically include:
- Company Registration Forms (e.g., Form 9, Form 24, Form 49).
- Board Resolution authorising the opening of the account and the application for the card.
- Identification documents of the Directors and Signatories.
