Customers can apply for the debit card via the MAE app and it will be delivered directly to their doorsteps. But they will have to get breadth of deals for this to really matter. This yellow card is packed with loads of benefits, including competitive foreign exchange rates and exclusive perks that can be enjoyed locally and abroad. Before we begin on the app and card, it's important to note that the MAE app will replace the Maybank2U app eventually, as Maybank have embedded Maybank2U within this new app.For the time being, the new app will give the users the chance to get used to the new experiences. Go cashless everywhere with your virtual card and QRPay. Why be paid for a service you ask? How to use MAE by MaybankFeel free to use our code: wyl12301. Since MAE’s interface is suspiciously familiar to Boost‘s interface, I’m really giving MAE the side-eye for copying yet another aspect from a smaller player. Maybank has launched its newly revamped MAE app with new features and a physical card that comes in striking yellow. The app also comes with a virtual Visa card so you can start shopping as soon as you register for the account which means that MAE is eligible to be used at Visa POS terminals through Maybank Pay and Samsung Pay. Press J to jump to the feed. Welcome to the official Malayan Banking Berhad (Company No: 196001000142) Facebook Page! Level up your app experience with the MAE card now. Enjoy better FX rates and use your card wherever you go. Now on other paper (faq) it said. The new app promises to offer next generation experiences to customers with a refreshing new banking app. "Get your financial house in order. Materially though, it’s the same old few financial products -your existing Maybank savings/ current accounts, MAE wallet, loans, credit cards and Investment vehicles. Say hello to new experiences with the MAE card Yay, the MAE card's finally here (yes, we heard you)! Freeze & unfreeze with a tap so you don’t have to worry about misplacing your card again. That said, usual bank transfer charges will apply. So when I read from Fintech News Malaysia that there was a refreshed app for MAE, I jumped on the opportunity to review it as a product. First impression is it currently fits into what I use Maybank for – a spending account. That means having access to the fund transfers, ATM services, bill payments, prepaid reloads and more on their smartphone. Grab the best flights and movie tickets. I use Maybank as a spending account because: a) their QR pay really adds to the convenience of transferring and b) to benefit from the higher amount of ATMs (I don’t want to pay MEPs fees if I can help it). My guess is this is basically for Maybank to either retain their existing customers and and to encourage them to keep their cash within the bank. RM8 with no opt out option and 0% dividend is just not for me. Existing customers won’t get it, but Maybank is planning to offer the virtual card to these customers sometime in the future. All you need to do is to transfer money in from any other bank account of your choice. Find out how to save an emergency fund and invest for your future." All at your fingertips! No dividend with RM8 annual fee and unlimited withdrawals. Source: https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/services/digital_banking/mae_card.page, Similar to bigpay card. The colour scheme on the UI now isn't really easy to read for older folks. Download MAE by Maybank2u and enjoy it on your iPhone, iPad and iPod touch. In addition to that, users can apply the card which comes with RM 8 annual fee, directly through the new MAE app and receive it through mail within seven working days. Ridiculous. And a really really particular quirk about this – the Tabung feature somehow is not available outside of 6.00am – 11.00pm. Pay with MAE 3:11 KUALA LUMPUR (Oct 8): Malayan Banking Bhd (Maybank) has launched its new MAE by Maybank2U mobile banking and e-wallet application today. You would round up your spare change at the point of transaction. Maybank just launched Maybank Anywhere Everyone (MAE), a new digital ewallet with a difference. They confirmed PosLaju sent but I didn't receive. ( Log Out /  The beauty about MAE is that it’s more than just an e-wallet, and it’s open to everyone even if you’re not a Maybank customer. Just activate the MAE in Maybank apps but i find the feature is so so only.No credit card top up and the list of Merchant is less attractive (90% are food & beverage stores) Have anyone tested MAE for payment?Is there any reward like Boost (shake reward) or GrabPay (points)?This post has been edited by ken_zen: Mar 8 2019, 10:57 AM Who's the target? What the app is essentially asking me to do, is to transfer my money that accrues what little interest I earn from Maybank, to my MAE wallet that does not accrue interest over time (e-Wallets by regulation are not allowed to issue interest to their users), with no incentives whatsoever. Maybank has also created a new Visa Debit Card to go with the MAE app. I will likely only use them for review purposes. While it sounds really cute, MAE actually stands for "Maybank Anytime, Everywhere". . It’s a story for another day. It comes in an irresistible bright yellow too, making it hard to miss in your wallet. Here, we do it the Malaysian way la of course. I have seen some apps do this but fail because they can’t get enough deals on the app for this to be a real crowd-pleaser. A /r/malaysia branch. Ended up cancelling the first application and applying again, got mine within 5 working days. Freeze & unfreeze with a tap so you don’t … Same, but for my parents who are older, they prefer if the words were a bit bigger and easier to see lol. It comes in an irresistible bright yellow too, making it hard to miss in your wallet. For those who don’t have Maybank accounts, you’ll still be able to make use of the MAE. Maybank has launched its MAE by Maybank2U app, as well as a new physical debit card to complement the MAE e-wallet. I regard Maybank as a spending account (I transfer my expenditure there every month rather than keep my savings there). It's more like an onboarding program, at RM0 initial deposit, you basically get a MAE account i.e. Virtual Visa debit card for MAE users. Yes, I mentioned in the beginning of this review that this is just a lifestyle app to coordinate the other products. Learn how to better manage your money and debt in both the short and long term. Since the base financial products are the same, and Tabung is more of an interface connecting their product, I’d be subject to the same old boring interest rate. Maybank Platinum Visa Card v. And like many other banks in Malaysia, there is now a rush to digitize – their operations, their service offerings, everything. The general structure is still very similar to the old application I must say. Well, at least that is what it seems to me as a first impression. There is very little reason to be compelled to use this. And this will suck if I was actually interested in the product, and only have time at night to address all these personal finance matters. Not to shabby of a deal. MAE is Maybank’s effort in creating an e-Wallet that provides a huge range of banking services to the users, be it existing or non-existing Maybank customers. Maybe I’m just not the target audience. Commuters who spend in these categories may prefer Citi SMRT Card, but Maybank Platinum Visa Card offers those with limited budgets a lower-maintenance option. This is when almost every saving app out there offers that. A plus, definitely for bargain hunters. However, the purpose of […] No. Capped at RM10k. Press question mark to learn the rest of the keyboard shortcuts, https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/services/digital_banking/mae_card.page. Thank you for your review. MAE Card Live worry-free with the MAE card. If you have a bank account with them, you can easily set it up via the Maybank2U mobile app. 21,764 were here. It hosts several benefits such as competitive foreign exchange rates and perks customized for local and oversea spending. The Maybank App can also be downloaded on the Google Play Store and Apple App Store. Change ). ( Log Out /  Kini mereka telah memperbaharui perkhidmatan tersebut dengan aplikasi baharu, bersama kad debit fizikal. There's no annual fee for the MAE account itself (which doesn't need a Maybank account to activate). Maybank has recently launched its latest app, MAE by Maybank2u, which will offer users a next-generation digital banking experience. If you ask me personally, I think this is an exciting move because dealing with banks always gave me an impression of dealing with musty-old institutions that is designed to confuse rather than to help you. Aaahh.. Shit. Maybank iSave Savings Account interest rate vs other banks. Would I want it? An interesting feature they introduced is Tabung – something akin to a virtual piggy bank for you to reach your savings. MAE Visa Debit Card This is a card that complements the MAE wallet, and you can use it to make purchases both locally and abroad. The app does request permission to use your location – which I presume will be used to customize their partner deals near you. I will leave this for a future review once I’ve adequately tested out the app. Like many others in Malaysia, I grew up using Maybank. I would say quite bluntly I wouldn’t use this. No dividend with RM8 annual fee and unlimited withdrawals. I feel that Maybank is just pushing for their digital wallet linked with their savings account. A definite hard-pass. So it seems I’m only ever able to transfer my Tabung Savings into my MAE e-Wallet. The flat colors, the trendy flat icons and how all the functions flowed extremely intuitively -everything. So a seeming new focus on the user, to simplify things is an exciting change. Elevate your MAE app experience with the MAE card Spend anywhere with the card and enjoy better FX rates when you travel. Maybank also claims that users can obtain better foreign exchange rates when they use the MAE Visa debit card overseas or when making online purchases. I’ve to be honest with you, as someone who worked in the Fintech space, I scoffed when Maybank launched their e-Wallet app MAE -but more on that another day. While MAE is open to non-Maybank customers, this guide is focused on a step-by-step tutorial for existing Maybank customers with savings or current account. This review in particular is a first impression review of the MAE app. ‎Read reviews, compare customer ratings, see screenshots and learn more about MAE by Maybank2u. Change ), You are commenting using your Google account. savings account with 0% dividend and if u want a card here it is. ‎Your life's about to get even easier with the all-new MAE by Maybank2u. With a trendy vertical design and striking yellow colour, the MAE Visa Debit Card allows MAE users the additional option of paying by card at merchant outlets instead of the sole QR scan method previously. All you need to do is to apply for it within the MAE app and it will be delivered to your doorsteps. Primary reason is that their interest rate offered is less than 1% when there are banks out there that offer more. However, if you want the Visa Debit card, you will need to pay RM8 annual fee. Maybank has just launched its e-wallet service under the name of MAE. But to put it simply, most banks don’t just keep your capital -they grow it for interest. The only pros is no payment fee when purchasing airasia tickets. Please reload the page and try again. ( Log Out /  Now to help you decide whether it’s going to be MAE for your digital payment needs, here’s a handy guide to the new service. But this is a first impression after all, I might change my mind. You can choose to round up your spare change or auto transfer a fixed sum to a destination account. A gimmick. Personally, I’ve been waiting for an app like … I LOVE the new look. Top up MAE 2:365. The registration process is different between Maybank users and non-users, but in the end you gain access to the MAE via the Maybank app. Maybank states that it also boasts competitive foreign exchange rates and exclusive perks. More posts from the MalaysianPF community. My reviews for financial products will be divided to the following: Some reviews would be done after extensive usage. The app also comes with a new MAE Visa Debit card. MAE invite code: ocj0125 Download the Maybank app from App Store (iOS) and Play Store (Android) and sign up for MAE to experience it now! Engage with us, we're listening. Maybank iSave savings account offers 0.25% interest rate per annum with a maintaining balance of P20,000. It comes with a host of benefits including competitive foreign exchange rates and exclusive perks to enjoy locally and abroad. Even bigpoint rate is at RM30/ point. I get it for their branches because their bankers need sleep, but why would that restriction apply if I want to set up a savings goal? It will allow you to request cash, split bills with your friends, and go cashless with a virtual card. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Even if you are a Maybank user, your e-Wallet will be a separate account from your Maybank account, which is ideal if you fear the security of making payments using your main Maybank account. MAE card review. Most banks offer interest rates from 0.10% to 0.50%, depending on the type of savings account. So since I do use Maybank and also MAE wallet (I had to try it before I criticize it right? I ordered twice, the first one didn't reach my house and called Maybank call centre to check. You don’t need a Maybank account This is a very interesting aspect of MAE. I’d stick to using products offered by Startups. For day-to-day spending, Maybank has introduced the all-new MAE Visa Debit card which complements the MAE wallet. Whoops! But if its to get me to use Maybank as a savings account? Yes, there is an RM8.00 application fee that will be charged upon successful application of the MAE Visa Debit Card, and a recurring annual fee of RM8.00 that will be charged to your account. If u live in condo, u need to check your letter box. Customize the quick actions shown to me (I can be a user that reloads a lot, or high tendency to split the bill etc.) MAE was initially launched last year as an eWallet that comes with a virtual debit card. It's more like an onboarding program, at RM0 initial deposit, you basically get a MAE account i.e. This review in particular is a first impression review of the MAE app. Via a virtual launch today, the lender announced that the new app has features such as expense tracking, individual and group goal-based saving, a Visa debit card and dining recommendations. While there certainly are a lot going for it, this card has a lot to prove given the popularity of Maybank’s credit cards. Complementing the recently announced app is the all-new MAE Visa Debit Card, which can be ordered and received through mail. Create MAE 0:393. But at its core – it is still a financial product. MAE auto calculates the shared bill, reminds and notifies other users on the owed amount and directly enables transfer of funds, all within the Maybank App. , *There were minor cosmetic updates since the time of publishing was done, but nothing in substance. I read their pds - product disclosure sheet that saying not protected by PIDM. You can apply for the debit card via the MAE app and it will be delivered directly to their doorsteps. Which is a very weird restriction for a digital app. First of all, if I were looking to save money, I’d be looking for an account that gives me a higher interest rate, or at least some form of remuneration like the two apps mentioned above. The language and labeling however has a drastic shift from functionality-centric (accounts, pay, transfer, mobile) to user-centric (expenses, maybank2u, ability to customize how the app greets you). Interested users can apply for the debit card via the MAE app, and it’ll be delivered to their doorsteps. etc. Yeah, that’s a big no for me. Non-Maybank customers will also be able to get a virtual Visa card to use with the MAE account. MAE was originally an e-wallet that was integrated into the Maybank2u app. There were branches everywhere, and I as a kid was attracted to the bright yellow compared to the dull brandings of other banks. ( Log Out /  What’s worse? I feel that Maybank is just pushing for their digital wallet linked with their savings account. And more. This is where the QR pay sits at the heart of app. My guess is this is basically for Maybank to either retain their existing customers and and to encourage them to keep their cash within the bank. -/r/personalfinance A couple of things that will definitely delight: Right now, since this is a first impression, I can’t determine if these features are already in the app. Easy as that. automatically based on my frequent actions, Based on my expenses, customize the geo-location based promotions on my app (if I spend on cosmetics and MAE has this information, getting notified about the nearest Sephora deal is something I definitely wouldn’t mind. I typically don’t keep most of my savings in Maybank because the interest rate is really low compared to other options out there. Send, request cash and split bills among your buddies. The user flow is very akin the popular e-Wallet apps (reminds me a lot of Boost I must say). You could look […] Syariah contracts applicable is wakalah which manage by maybank Islamic. Access MAE 2:044. Install App 0:092. Some are done after first impressions. So yes, while the app refresh is nice and I really like the expense tracking feature, it isn’t really getting me to use Maybank in ways I haven’t already been using them for . Maybank MAE is an eWallet based on a virtual bank account. This refresh is definitely a great start for the bank and the expenditure tracking will definitely increase stickiness for users like me for spending. There are smaller businesses that do this for you like PodSavings and Raiz. The MAE refresh was essentially Maybank launching a lifestyle app to coordinate their products to their users. For customers who are new to Maybank, MAE comes with an instant virtual Visa card. There was an error and we couldn't process your subscription. Change ), You are commenting using your Twitter account. Helpful for people like me, Baru ingat saya anak yatim rasa orang layan, Within 5 days. It comes with a host of benefits including competitive foreign exchange rates and exclusive perks to enjoy locally and abroad. Maybank telah memperkenalkan perkhidmatan MAE by Maybank2u awal tahun ini, sebagai salah satu platform dompet elektronik atau eWallet di Malaysia. Instead of Roth IRA, Vanguard and suddenly having millions of USDs, we'll be using RM, talking about RON95, inflated pricetags on real estate, prices of kangkung, EPF, GST, which bank/credit card? If you’d like to learn more about Maybank MAE, you can do so over at Maybank’s official website. Enjoy better FX rates and use your card wherever you go. Level up your MAE experience with the card now. 5k transactions limit but if if you have mae visa debit card then your monthly max limit will be 10k. This is not surprising given Maybank is the most popular bank in Malaysia at the time of writing. Who's the target? Since the launch of the MAE app, there have been mixed reactions from users on AppStore and Google Play on how the app compares to its predecessor, the M2U app.. I’ve been using M2U for 5 years now, and until today, it’s still one of my go-to financial apps … I thought only rm8 for application. ), Connect with local authorities to allow me to pay for my street parking. Not the target audience you are commenting using your Twitter account % interest per. Memperkenalkan perkhidmatan MAE by Maybank2u app I grew up using Maybank to check letter. T use this card also has EZ-Link functionality and earns 2 % rebate on.... Spare change at the heart of app Maybank for – a spending account an interesting feature they is... General structure is still very similar to bigpay card was integrated into the Maybank2u mobile app official banking... Restriction for a future review once I ’ ve been waiting for an app like … Maybank has launched. 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