Maybank Balance Transfer

A balance transfer programme is an easy way to save on interest while transferring your credit card balance/debt from one card to another. Maybank offers five different plans in its balance transfer programme that allows you to choose a plan that suits your needs. Convenient repayment tenures, extra cash facility, etc. are some of the prime features of the programme.

Maybank Balance Transfer Programme in Tabular Form

Let’s have a look at the Maybank Balance Transfer programme in details:

Benefits of Maybank Balance Transfer

• Maybank Balance Transfer plan offers lower interest rates.
• You can choose any convenient plan from 5 different plans offered by the bank.
• You can acquire any preferred repayment tenure of up to 36 months.
• The programme also offers you extra cash money for your other additional requirements.
• All your credit card accounts can be consolidated in one individual account through this plan for which you will receive one statement.
• You can make repayments through any nationwide branches of the bank or via Maybank2u.

How to Complete Maybank Balance Transfer

Through bank’s website: To apply for the balance transfer programme, you need to login to your Maybank account through your official ID and fill up the application form. You can then email the form to mbbcardservices@maybank.com.my to complete the application procedure.

Visit to a branch: You can also print an application form from the bank’s official website and fill it up with all mandatory details. The completed form can then be submitted at your nearest Maybank branch.

Via telephone: You can reach out to the bank representatives on the Maybank hotline at 1300 88 6688. The representatives will guide you through the complete application procedure for the chosen balance transfer plan.

Terms and Conditions

• Only principal credit cardholders can apply for the balance transfer plan.
• Your credit cards must be issued by the financial institutions in Malaysia and they should be billed in Ringgit Malaysia (RM).
• This balance transfer facility is applicable for up to a maximum of 3 credit card accounts of other banks.

FAQs

Q. Is there a 20-day interest-free period applicable for Maybank Balance Transfer plans?

A. Yes, you can obtain a 20-day interest-free period with the programme but this is applicable only if you have settled your previous outstanding balance amount in the previous balance statement.

Q. Are there any late payment charges involved?

A. Yes, you will have to pay the higher between 1% on your outstanding balance and a minimum of RM10, as late payment charges. The late payment charges are capped at RM100.

Q. What is the maximum amount that I can transfer through this programme?

A. The amount transfer limit for the 12-month plan is capped at RM50,000 per transaction. However, for the 6, 9, 24 and 36-month plans, the maximum transferable amount depends upon your available balance.

Q. What happens when I do not pay my monthly instalment amount in full?

A. You shall have to pay a normal finance charge of 18% on your remaining balance instalment amount on its due date until you pay off the instalments fully.

Q. I am a supplementary credit cardholder of Maybank. Can I apply for a balance transfer plan?

A. No, all balance transfer plans are available only for the principal credit cardholders of the bank.  

Other Bank Balance Transfer Plans

• AEON Transfer Plan
• AffinBank Balance Transfer Plan
• AmBank Balance Transfer Plan
• BSN Balance Transfer Plan
• CIMB Balance Transfer Plan
• Citibank Balance Transfer Plan
• HSBC Balance Transfer Plan
• OCBC Balance Transfer Plan
• Public Bank Balance Transfer Plan
• RHB Balance Transfer Plan
• UOB Balance Transfer Plan