Achieve freedom and ease in preparing all your travel necessities abroad through the M2U ID App

Start preparing all your travel essentials abroad such as visa applications, ticket purchases, and international transactions to make it more conveniently and comfortably. Learn the tips and tricks here:

1. Create a Bank reference letter for visa application

   As one of the requirements for visa applications, a Bank reference letter is necessary to confirm an individual's financial capability for traveling abroad. Now, you can obtain this reference letter more conveniently without having to visit a branch. Simply use your smartphone through the M2U ID App to access the financial data you need. The visa application process becomes smoother and more efficient.

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2. Consolidated Statement for visa application

   In addition to the Bank reference letter, a bank statement is required as a mandatory document for visa applications. The bank statement is needed to verify that you have sufficient funds for traveling to your destination country and returning to Indonesia.
   
   Now, printing your bank statement is no longer a hassle of visiting a branch. You can conveniently view and print all transaction records using the Consolidated Statement feature through M2U ID App.

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3. Pay for passport and visa online

   Once you've submitted your passport and visa applications, you can conveniently make the payment online through M2U ID App using the e-Billing menu. Simply enter the billing code, input your Secure2u passcode, and your payment will be processed successfully.
   
   In addition to paying for services like passports and visas through Non-Tax State Revenue (PNBP), you can also use the e-Billing feature in the M2U ID App to settle taxes (income tax, property tax, VAT, excise duty, stamp duty) and customs duties.

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4. Book flight tickets and accommodation online
   
   To streamline your travel plans, it's advisable to book your flight tickets and accommodation in advance. This can be conveniently done online through Maybank's partners: the NusaTrip app and Tokopedia.
   
   For payments on NusaTrip, utilize the Virtual Account feature in the M2U ID App. For transactions on Tokopedia, use the e-Commerce menu available in the M2U ID App. This ensures a seamless booking experience directly from your smartphone.

   VIRTUAL ACCOUNT GUIDE
   
   TOKOPEDIA PAYMENT GUIDE 

5. Use Maybank Credit Card for your transactions abroad
   
   Using Maybank Credit Card abroad can be more efficient and convenient as you don't need to carry cash, reducing the risk of crime. Additionally, if you need cash, you won't have to search for a money changer; you can withdraw cash from ATMs in the local currency of your destination.
   
   For your transactions abroad, you can also utilize Maybank Credit Card with Contactless features. Enjoy various benefits including competitive exchange rates, earn Maybank TREATS with every transaction redeemable for a variety of items, mileage programs for complimentary airline tickets from select airlines, and special offers at various merchants. You can also convert transactions into installment plans of up to 24 months.
   
   Don't have a Maybank Credit Card yet? Apply online now through the M2U ID App!
   
   Life gets easier with #M2UinAja.

   MAYBANK CREDIT CARD GUIDE
   
   APPLY MAYBANK CREDIT CARD 

Achieve financial freedom with #M2UinAja: Tips for Maximizing Investment Potential
By Vindy – Manager of Investment Support, Banca & Investment Management

Financial freedom is the state where personal finances are robust enough to meet living expenses without relying entirely on regular income—a dream for many. One effective way to attain financial independence is through investing. Strategic investments can yield significant returns and expedite financial goals. With the M2U ID App, investing becomes easier and more convenient. Here are some tips to achieve financial freedom through profitable investments:

• Understand Your Risk Profile
  Before diving into investments, it's crucial to understand your risk profile. Everyone has different risk tolerances, often influenced by knowledge and investment goals. Greater familiarity with an investment instrument typically breeds confidence in investing in it. Regarding investment duration, longer-term goals may allow for more aggressive investment choices, contingent upon your familiarity with the instrument. The M2U ID App aids in evaluating risk profiles through various financial analysis features, empowering you to select the most suitable investment instruments.
• Diversify Your Investments
  Diversification is key to mitigating investment risks. Avoid placing all your funds in one type of investment. Through the M2U ID App, you can access diverse investment instruments such as gold, government bonds (SBN), mutual funds (Reksa Dana), and deposits. By diversifying your portfolio, you can minimize potential losses and maximize profit potential.
• Utilize Recurring Investment Transactions
  Take advantage of the Recurring Investment Plan feature via the M2U ID App for periodic investments in mutual funds and recurring purchases of gold savings at Pegadaian, This feature allows you to automate regular investments, specifying the amount you wish to allocate. It helps maintain consistency in investing without constant market monitoring.
• Leverage Information and Recommendations
  Stay informed about market trends, investment performance, and analyst recommendations on a regular basis. Weekly updates in the Market Update section and monthly insights in the Monthly Market Update provide current information and projections. Utilize this data to devise informed investment strategies.
• Monitor Investments Regularly
  Despite the convenience of automated investments, it's essential to monitor your investment portfolio regularly. With the M2U ID App, you can easily track investment progress anytime, anywhere. This capability enables you to make adjustments based on the latest market conditions. However, avoid making drastic portfolio changes due to short-term market fluctuations. Understand that investing is a long-term game. With discipline and patience, you can achieve desired financial independence.
  
  Using the M2U ID App is a smart step toward financial freedom. With its array of features, you can invest more easily, comfortably, and profitably. Remember to understand your risk profile, diversify your investments, and leverage available features to optimize your investments. With commitment and a sound strategy, attaining financial freedom is within reach. So, what are you waiting for? Begin your journey toward financial independence now!

What types of investments can generate passive income to achieve Financial Independence?
By Vindy – Manager of Investment Support, Banca & Investment Management

Before considering how to achieve financial independence, it's crucial to determine your financial independence target. There's a commonly used principle in retirement and financial independence planning known as the rule of 4%.

According to the rule of 4%, you can withdraw 4% of your total investment portfolio in the first year of retirement and adjust this withdrawal amount annually for inflation. This approach significantly reduces the risk of running out of money during your retirement years (typically assumed to span 30 years). The rule of 4% is considered effective because it's based on historical market performance analysis of stocks and bonds. It factors in market fluctuations and inflation, providing a conservative withdrawal strategy to sustain your portfolio.

To align your financial goals with the rule of 4%, you need to track your regular expenses diligently so that this principle can be maximized. For example, if your annual routine expenses amount to IDR200,000,000, then you would require a fund of IDR5 billion from which 4% can be withdrawn and invested in instruments yielding more than 4% returns or higher than inflation. This ensures your needs are met without the fear of exhausting funds during retirement.

Since you'll be relying on passive income, your retirement funds can be invested in instruments that provide consistent returns, such as government bonds (SBN) and fixed-income mutual funds (Reksa Dana Pendapatan Tetap). It's also prudent to diversify into assets like gold and equity mutual funds to hedge against inflation.