Maybank Visa Money Transfer
With Visa Money Transfer, you can transfer funds globally via the secure Visa card payment network at a low cost. You can use funds from your Maybank Savings, Current or CreditAble Account, or charge to your Singapore-issued Maybank Credit Card to send money to loved ones overseas, or settle your bills on the Visa card(s) issued outside Singapore.
This service requires online banking. If you don't have the facility, you can apply for Maybank2u.com.sg here
Key info
- Transfer funds to a Visa Card issued locally or overseas at your own convenience via Maybank2u.com.sg
- Cost-effective way to transfer funds, compared to Telegraphic Transfer or Demand Draft with other banks/agents
- Maximum amount per Visa Money Transfer is set at S$3,000 per transaction and cannot be increased any further. For multiple VMT transfers, the total combined transfer limit is defaulted at S$3,000 per day with an option to increase to a maximum limit of S$20,000 per day upon request and subject to the available credit limit or account balance.
Benefits
- Facility is easy to use; click here for a step-by-step guide
- Fast turnaround from as short as 1 business day from date of transfer (actual timing depends on recipient bank's speed to credit funds into recipient's card account)
- Earn tr'eats Points when you transfer funds from a Maybank Visa Card to a Visa card issued overseas*
| * | Visa Money Transfer is not available to Visa cards issued in the USA, Venezuela, Colombia, Nigeria, Myanmar, North Korea, Indonesia, Belarus, Congo, Cuba, Iran, Iraq, Ivory Coast, Liberia, Sudan, Syria and Zimbabwe. |
Here's how much you'll save with Visa Money Transfer.
Maybank Visa Money Transfer | Telegraphic transfer with banks/agents | Demand Draft with other agents | |||||||
| S$20 | S$20 | |||||||
| Processing fee | - | S$20 | - | ||||||
| Total charges | S$5 / S$8 | S$40 | S$20 | ||||||
Who can apply
- Maybank Account holders in Singapore
Fees and charges
- Transfer funds to any Visa card issued in Singapore ^ – 5% or S$15 (and interest)
- Transfer funds to any Visa card issued in Brunei, Malaysia and the Philippines – S$5
- Transfer funds to any Visa card issued in other countries* – S$8
| ^ | Transfer from a Maybank Visa Credit Card to another Visa card issued in Singapore is considered a cash advance; subject to prevailing cash advance fee of 5% of the cash advance or S$15, whichever is higher, plus a finance charge on the cash advance and the cash advance fee calculated on a daily basis at 2% per month from the date of transaction to the date of full repayment. |
| * | Visa Money Transfer is not available to Visa cards issued in the USA, Venezuela, Colombia, Nigeria, Myanmar, North Korea, Indonesia, Belarus, Congo, Cuba, Iran, Iraq, Ivory Coast, Liberia, Sudan, Syria and Zimbabwe. |
Questions? Our FAQ may help.
Important Notices
SaveUp Account for Loan Customer
Revision in Investment Services Agreement - Collective Investment Schemes from 13 July 2012
Credit Card
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