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

 

Apply by 30 June 2012

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
A to revert to the prevailing interest rate at any time

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
(89%)

S$1,032
(86%)

S$202.40
(84%)

+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

Terms and Conditions (PDF)

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