Maybank has introduced the Global Access Account-i and debit card, offering customers a new multi-currency solution to manage international transactions with ease. Designed to simplify foreign currency exchange, spending and transfers, the new account allows users to hold, convert, send, receive and spend in up to 18 currencies seamlessly through the MAE app. In a way, this is somewhat Maybank’s answer to Wise.
One of the key features of the Global Access Account-i is the zero currency conversion fee when converting via the Maybank MAE app. Customers can lock in competitive, real-time exchange rates with no hidden charges or unexpected fluctuations. According to the bank, supported currencies include the US Dollar, Euro, Japanese Yen, British Pound, and more.
The Global Access Account-i turns the MAE app into a digital money changer, enabling effortless foreign currency conversions at competitive rates. There’s also a watchlist tool, allowing users to monitor up to 50 currency pairs for optimal exchange timing.
The account also offers monthly bonus profit rates that are Shariah-compliant, helping customers grow their balances while enjoying the protection of Perbadanan Insurans Deposit Malaysia (PIDM) coverage up to RM250,000 per depositor. Additionally, account holders will benefit from travel medical coverage up to USD100,000 provided by Mastercard and personal accident coverage up to RM100,000 underwritten by Etiqa, offering extra protection while travelling abroad.
Customers can sign up via maybank.my/globalaccess, or by tapping the “Apply” button at the bottom right corner of the MAE App, select “Global Access Account-i”, and then “Apply Now”. In conjunction with the launch, Maybank is offering customers a chance to win RM99,500 worth of prizes, including a pair of Business Class flight tickets to any European destination.
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