Malayan Banking Berhad (Maybank)

by on Oct.16, 2011, under Banks

Established in 1960, Malayan Banking Berhad, or Maybank is the biggest financial group in Malaysia. Maybank, apart from being the main banking institution of the country also has the biggest network of branches both domestically and internationally. It has more than 450 offices and branches the world which includes those around the region in Hong Kong, China as well as until Uzbekistan, the United States and Great Britain.

Maybank offers products and services in all areas which includes commercial and retail banking including deposits and savings, credit cards and loans as well as in corporate banking like offshore banking, investment banking, stockbroking and asset management.

List of Products and Services

Generally, Maybank offers products and services in 2 major areas which are Personal Banking which is catered for individuals while Business Banking is more catered to businesses and corporate companies.

Personal Banking

In the Personal Banking sector, products offered by Maybank are as follow:

Accounts and Banking – Provides Savings Accounts like Premier Savings Account, Basic Savings Account and Account-i and for the younger ones Yippie Savings Account. Current Accounts includes Personal Current Account, Foreign Current Account and Account-i and Net Current Account-i while Fixed Deposits include Fixed Deposit Account, eFixed Deposit, General and Special Investment Current Account-i respectively.

Mobile Banking – this product is provided for via its Kawanku Phone Banking facilities.

Online Banking – customers are able to make online banking transactions like fund transfer, bill payments through Maybank’s award winning portal

Credit and Debit Cards – There are a wide range of credit and debit cards catered to all levels of Maybank’s customers. They are the classic, gold and platinum Visa and Mastercards, the Maybank Islamic Ikhwan Visa Gold and Platinum cards, the Maybank Islamic Ikhwan American Express and Platinum cards, the Maybank Visa Wave, Maybank SonyCard Visa, Petronas Maybankard Visa classic and Platinum and the Maybankard Visa Flex. In terms of debit cards, Maybank offers the Maybankard Bankcard and the Maybankard Visa Debit while charge cards include the American Express Personal Card, the American Express Gold Card, the Platinum Card, the American Express Singapore and the Airlines KrisFlyer Gold Card.

Investment and Insurance – Maybank’s range of Investment and Insurance products and financial services include Share trading where customers are able to engage the Maybankinvest, Maybankinvest-i, eShare Application and Aseambankers Share Trading.

Unit Trusts – Unit trusts products include the HwangDBS Select Income Fund, the HwangDBS Global Infrastructure Fund, the HwangDBS Select Opportunity Fund and the HwangDBS Select Balance Fund.

Gold – includes Kijang Emas Gold Bullion coins and the Gold savings Passbook account.

Structured Products – this range of services include Maybank Al-Syaf Structured Islamic Deposit, the Dual Currency Investment, the Structured Islamic Deposit and the AsiaPac Hybrid Capital Protected products respectively.

Islamic Investment – including the Maybank Al-Sayf Structured Islamic Deposit, HwangDBS Dana Izdihar Fund, the HwangDBS Dana Fahim Fund and the Dana Makmur Pheim.

Will Writing and Insurance products – this would be the range of products like Will Writing, the Islamic Will writing services, Personal Lady, Yippie Care 2, Takaful Insan, Bijak Malaysia, Mortgage reducing Term Assurance, the Mortgage Takaful Fire as well as motor insurance and the e-Motortakaful products.

Investment-Linked Insurance – this are products like Premier Education Savers, Premier Lady Savers, Premier Invest Single Premium and Maybank Global Invest.

Takaful – Takaful products include the Takaful Insan, Mortgage Takaful, Fire Takaful and Home Building Takaful.

Loans – Maybank offer loans to individuals in various sectors like Home Loans which include MaxiHome, MaxiHome-i, Home Financing-i and HomeEquity-i. Personal Loans include Tamwil Cash Line Facility-i, Murabahah Cash Line and Facility-i. Car Loans would cover hire-purchase, Al-Ijarah Thumma Al-Bai, Maybank Graduate Banking Programme – Car Ownership Plan and Hire Purchase refinancing.

Business Banking

Online banking – facilities for fund transfer and online transactional services are provided for via its website

Maybank Autocredit System – providing customers the facility to process payments and transactions through either 1 or many accounts with the bank.

Insurance – provided for through the Mayban MAST and BIZ GroupPA

Treasury – Treasury services in Forex, Money Market, Structured Products and Derivatives and Capital Markets are provided

Financing – this would cover areas like Trade Financing which included Export Services, Global Network, Import Services, Islamic Trade Financing, Maybank Receivables, Factoring, Collateral Management Arrangement and Financing Packages. Property Loans products like INDUS3COMM, Acquisition Financing Solution, Shophouse Financing-i, Shophouse Equity-i and MaxiShop-i. Vehicles and Equipment Loans which include Commercial and Industrial Hire Purchase, Corporate Auto Scheme, Block Discounting and Floor Stocking as well as loans aided by Bank Negara like the Fund for Small and Medium Industries 2, New Entrepreneur Fund, Rehabilitation Fund for Small Business and New Principle Guarantee Scheme which is aided by the Credit Guarantee Corporation.


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