Changes to Terms and Conditions Governing Structured Deposits

 

Please be informed that with effect from 9 May 2018, the Terms and Conditions Governing Structured Deposits (the “Structured Deposit Terms”) will be updated to enhance the way in which we service our customers. The change to the Structured Deposit Terms is in Clause 4.7 (Premature Withdrawal / Termination), which will read as follows:

“Any instruction relating to withdrawal or termination of any Structured Deposit shall be given in accordance with, and be subject to, Clause 7 below. Where deemed necessary by the Bank in its absolute discretion, the Bank may refuse to act on any termination or withdrawal instruction unless the Customer or the authorised signatory(ies) (as the case may be) produce(s) his/their identity card(s), passport(s) or other evidence of identity satisfactory to the Bank and such other documents as the Bank may stipulate. The Bank may also require the instruction relating to withdrawal or termination of any Structured Deposit to bear the full signature(s) of the Customer(s) or the full signature(s) of the authorised signatory(ies) (as the case may be) and/or an indemnity to be signed by the Customer or the authorised signatory(ies) in such form as the Bank may stipulate.”

You may click here for the revised Structured Deposit Terms. If you have any questions regarding this notice, please contact your Financial Advisor who shall be ready and delighted to assist.

Thank you for banking with Maybank. We look forward to your continued support.

 

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