Maybank2U Increases Fund Transfer Limit | Ramblings of an e-trader

Tuesday, 16 October 2007

Maybank2U Increases Fund Transfer Limit

Here's good news to all of us. Maybank2u has finally increased its limit for fund transfer from RM3000 to RM5000. This amount, of course, cannot compare with what online@HSBC is offering; a whooping RM40,000, if my memory serves me right! Despite that high limit, I only requested for my limit to be raised to RM5000. I think this is sufficient.

Last month, I had to transfer slightly more than RM3000 to a friend via Maybank2U and I actually had to do it twice over two days despite holding TWO Maybank savings account but since both are sharing ONE Maybank2U account, a RM3000 is the limit of my transfer, as opposed to a RM3000 X 2 if I had different Maybank2U accounts.

Anyway, check this screenshot and see the features. A transfer of a maximum amount of RM5000 would also save us from paying extra RM2 per transfer. In my case last month, since I did a transfer two times, I had to pay RM2 X 2. This will come up to a considerable amount if a person does numerous online fund transfers like this.

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