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How do I compute my Average Daily Balance?
How do I avail of my Personal Accident Insurance?
What will happen to my account if I lose or change my mobile number?
Is there a required balance to start earning interest on my EzySave+ account? How much?
How will my promotional bonus cash credit be computed and when will I earn it?
How do I close my EzySave+ account?
When will an EzySave+ account be closed?
How can I get my money if my account was closed?
How do I keep my account from being dormant?
Who can I contact regarding questions about EzySave+?
How do I compute my Average Daily Balance?
The Average Daily Balance is the total of all your End-of-Day Balances for a month divided by the number of days in that month.
For example,
|
Date |
End of Day Balance |
# of days with the same balance |
Sum of Balances |
|
Jul 1 |
1,000 |
5 |
5,000 |
|
Jul 6 |
3,000 |
20 |
60,000 |
|
Jul 26 |
10,000 |
6 |
60,000 |
|
Jul 1- 31 Sum of balances |
125,000 |
||
|
Jul ADB |
125,000 / 31 = 4,032.2581 |
||
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How do I avail of my Personal Accident Insurance?
Your EzySave+ account comes with a free personal accident insurance of up to Php1,000,000. To qualify, your Average Daily Balance (ADB) must be at least Php50,000. Insurance coverage is 2x of your previous month’s ADB up to Php1,000,000. To claim, you may visit your Branch of account.
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What will happen to my account if I lose or change my mobile number?
You will not be able to access your GCash App including your EzySave+ because you can only have one GCash wallet per mobile number.
You may still access your EzySave+ account via your Maybank2U (M2U) PH mobile app.
Visit a Maybank Branch to update your mobile number so you can perform transactions via your M2U app. For any concern on your EzySave+ account, you may call the Maybank Customer Care hotline.
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Is there a required balance to start earning interest on my EzySave+ account? How much?
No, you can already earn interest at Php 0.01.
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How will my promotional bonus cash credit be computed and when will I earn it?
The bonus cash credit will be applied to the 90 day average daily balance of your new EzySave+ account. The cash credit will be charged to your EzySave+ account after the 90 day period.
Sample cash credit computation:
|
Specifics |
Amount (in PHP) |
|
ADB at Day 1 (Account Opening) |
100,000 |
|
ADB at Day 90 (Account Opening) |
3,500,000 |
|
Qualifying ADB |
3,000,000 |
|
Cash Credit equivalent to 5% rate p.a. Of Qualifying ADB to be reflected in client’s account: |
36,986.30 |
|
2% Withholding Tax on Cash Credit (Covered by Maybank) |
739.73 |
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How do I close my EzySave+ account?
Please visit any Maybank branch to file for the request and bring 1 Valid ID.
Note: Valid IDs include UMID, Driver’s License, PhilHealth ID, SSS ID, Voter’s ID, PRC ID, Postal ID, HDMF ID, National ID/Philsys Id, Passport, AFP ID, Senior Citizen ID, and PWD ID.
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When will an EzySave+ account be closed?
An EzySave+ account that remains to be unfunded within 365 days after account opening will be closed. Accounts that have no recorded activity within 2 years from account opening will also be closed.
Maybank also reserves the right and is authorized to suspend, terminate, remove, disable or discontinue access to or use of the account without prior notice due to any violation of the Bank’s Terms and Conditions, applicable laws, rules, policies and regulations.
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How can I get my money if my account was closed?
A notification will be sent to you prior to account closure which will advise on when you will be allowed to transfer your funds from your EzySave+ to your GCash wallet. Alternatively, Maybank will notify you post-account closure on how to redeem your money through your Maybank branch of account.
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How do I keep my account from being dormant?
To keep your account active, make sure that you have transactions such as cash deposits and withdrawals at least once every six months.
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How much is the dormancy fee?
The monthly dormancy charge on your savings account is Php30.00 and will be debited directly from your EzySave+ savings account.
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Who can I contact regarding questions about EzySave+?
For inquiries and comments, you can send a message or call the Maybank Customer Service hotline at (02) 8588 3888.
Maybank Philippines Inc., is regulated by the Bangko Sentral ng Pilipinas (BSP). You may contact them by phone at (02) 8708-7087 or e-mail at consumeraffairs@bsp.gov.ph.