Improve Your Financial Using Multiple Free Savings Accounts

17 May 2022

Having separate savings accounts for each priority is a straightforward approach to manage finances. Many of you, on the other hand, believe that the more savings, the higher the cost. The solution to this issue is to go for free savings accounts for all of your needs.

There are various advantages of using free savings accounts in financial management. There are no fees on interbank transfer and other expenses so you won't have to worry about your balance decreasing. To get the most out of your free savings account, choose a bank that offers promotions such as cashback or discounts. As a result, expenses will be more efficient.

U by Maybank Savings is a free savings account that you can consider. Not only you could save money on admin fees, but you can also enjoy numerous promotional discounts and discounts provided by Maybank Indonesia to Maybank customers. Sharia-compliant U by Maybank savings are also accessible.

1. Smart Saving

The smart saving feature assists you in saving by automatically separating savings from other necessities on a regular basis. You can use this option by activating the U Goal Saver feature. As a result, you no longer have to be concerned about your savings being spent on purchases.

2. Smart Spending

With the smart spending feature, you can get a 10% cashback with maximum amount is up to IDR250,000 from total transactions using Maybank U/ U iB Debit Card dan QR Pay and bill payment via M2U ID App with maintain monthly average balance. Bill payment via M2U ID App that are taken into account are electricity, water, telephone and cable TV. The smart spending feature makes transactions more efficient and enjoyable.

3. QR Cardless Withdraw

This feature allows you to withdraw cash without a card by simply  using the M2U ID App to scan the QR code at the nearest Maybank ATM. The following are the simple steps to withdraw cash without a card using the M2U ID App:

1. Login to M2U ID App account & choose QR Pay menu.
2. At the Maybank ATM’s screen, choose 'Cardless Withdrawal' then 'QR Withdrawal' menu.
3. Choose the desired Maybank Savings Account along the amount to be withdrawn.
4. Scan QR code on Maybank ATM’s screen using M2U ID App.
5. The cash withdrawal transaction is successful! You may find more information here

To enjoy the benefits offered by U by Maybank Savings, you can open a savings account at your nearest Maybank branch office or through M2U ID Web and M2U ID App.

1. Download the M2U ID App on your smartphone.
2. Prepare your ID, photo, and complete all of the requirements at each step. You can get more information on the data entry guide here
3. If you have registered, the Maybank debit card will be mailed to you.
4. Activate the U/U iB by Maybank Savings Account with the M2U ID App after the Maybank debit card has arrived.