Fund Transfer
With Maybank Fund Transfer, you'll save when you transfer funds from your Maybank Credit Card to any other bank's credit card, credit line, savings or current account.
Key info
- Pay no interest for 6 months loan tenor
- Minimal processing fees
Benefits
- Cash savings of up to 89%
- Supplementary Cardmembers may also transfer funds from the Principal Credit Card Account to the selected bank, card or line of credit account
Here's how much you'll save with Maybank Fund Transfer
| Option | A | B | C |
Transfer amount | S$30,000 | S$10,000 | S$2,000 |
Interest payable at 24% p.a. with other credit cards or line of credit for 6 months | S$3,600 | S$1200 | S$240 |
Interest payable (p.a.) with Maybank for 6 months | S$0 | S$0 | S$0 |
| Processing Fee Charge | 1.38% | 1.68% | 1.88% |
| Processing Fee Payable | S$414 | S$168 | S$37.60 |
Cash savings+ | S$3,186 | S$1,032 | S$202.40 |
| + | Figures have been simplified and rounded off for illustration purposes |
Interest Rate
- Transfer minimum amount of S$30,000, 0% p.a.^ interest for 6 months with 1.38% processing fee (EIR at 2.96% pa.), prevailing interest rate thereafter
- Transfer minimum amount of S$10,000, 0% p.a.^ interest for 6 months with 1.68% processing fee (EIR at 3.60% pa.), prevailing interest rate thereafter
- Transfer minimum amount of S$2,000, 0% p.a.^ interest for 6 months with 1.88% processing fee (EIR at 4.02% pa.), prevailing interest rate thereafter
- Transfer minimum amount of S$2,000, 6.88% p.a.^ for 12 months, prevailing interest rate thereafter
| ^ | Subject to good account conduct, otherwise prevailing interest rate of 24% p.a. will apply |
Who can apply
All Maybank Credit Cardmembers
Note
The minimum monthly repayment amount** on your Fund Transfer Account(s) that starts with 1155-XXXX-XXXX-XXXX or 1144-XXXX-XXXX-XXXX is 3% of Total Payment Due or S$10, whichever is higher. The required minimum amount payable shall include any outstanding amount ("Past Due") from your previous statements.
| ** | Applies only to Fund Transfer Accounts. The minimum monthly repayment for all credit cards account(s) remains the same, and is according to the Terms and Conditions in the Maybank Credit Card Agreement |
Important Notices
SaveUp Account for Loan Customer
Loans
Member-Get-Member Promotion: Recommend Maybank loans and be rewarded with vouchers of up to S$250
