Automatic and periodic book-entry transactions from customer accounts to Maybank account or in other banks in the same currency. This transaction will help you to make periodic payments for bills (recurring). for transaction to accounts in other banks, it will be run by 'future date'.
Sweep In
Fund transfer from the entire child's account to the master account, leaving minimum funds in the child's account.
Sweep Out
Fund transfer from the master account to the child's account, in which the nominal amount can be set according to the operational need of each child account.
Sweep Balance
Fund transfer from all child account to master account and vice versa, by setting minimum and maximum funds in child account.
The automatic book-entry facility between Maybank checking accounts in the same currency to maintain the end-of-day balance contained in the specified account (child account) is in accordance with the desired nominal amount. If there are advantages or disadvantages of the nominal amount (target balance) that has been predetermined in the child account, then the excess or deficiency will be transferred to or from the master account.
Automatic book-transfer facility between Maybank accounts in the same currency where if there is a lack of funds (overdraft) in the specified account (child account) then the shortfall will be covered by the master account and vice versa if there is excess funds from the balance maximum specified (child account), the excess funds will be transferred to the master account.
Automatic transfer facility for payment of deposit interest that will be transferred to another bank.
Easier to manage cash flow in your account.
Effective expenses and operational cost controlling and easier monitoring process
Reduce expenses from transactions fee.