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Ms. Cynthia Liaw, CEO of Maybank (Cambodia) Plc. (center) at a recently held prize giving ceremony with customers who won the Maybank Supermarket Sweep “free shopping” under the Maybank Savings Challenge deposit campaign. Photo supplied

Why banking customers should switch to Maybank

Choosing the right bank is not as hard as you might think. Sure, there are many banks in Cambodia, but when you make your choice you should pick a bank that strives to reward customer loyalty.

Maybank Cambodia CEO Cynthia Liaw said, “[Maybank] offers huge savings, speedy service and exciting rewards.” If this is your criteria when selecting a bank – and one must assume that they should be – then it makes logical sense to open your bank account at Maybank. And if you already have an account with another bank, it’s time to make the switch to Maybank.

One such exciting reward that Maybank offers is the chance to win a one-bedroom apartment at the boutique Garden Residency, worth $42,000. For every $500 average deposit growth, Maybank will enter you into the lucky draw. So if you grow your savings by $5.000 for example, you are awarded 10 entries which will increase your chance to win the apartment 10-fold.

While you may be convinced to open an account with Maybank, you should also consider asking your friends and family to join as you may receive even higher interest rates on your savings.Through the Maybank Savings Challenge promotion, customers are rewarded with higher interest rates based on the number of people who sign up. “With the savings interest rate now at 2.0 percent, it is worthwhile to move your savings to Maybank. And the interest rate will continue to increase when more customers sign up for the promotion. This is our way of rewarding our customers with better returns when they save with us,” Liaw said.

Liaw encouraged that “the more you save, the more chances you get to win an apartment, including earning higher interest!”

In addition, if you are keen to diversify and increase your assets outside the country then the Maybank Premier Wealth (PW) service is your gateway to Malaysia’s and Singapore’s financial markets. “We deliver one of the most comprehensive financial solutions through our wealth management centres in the region,” Liaw said. There is also now a promotion to reward new PW customers, including existing PW customers who refer new PW customers, with an exclusive $150 voucher.

For Maybank Premier Wealth card holders, one can withdraw money from all the 900 ATMs in Cambodia free of charge. With the Maybank Visa Debit card, you are charged as little as $0.90, which is one of the lowest fees in Cambodia. Of course, you can always withdraw money from the many Maybank ATMs in Malaysia, Singapore, Vietnam, Laos, the Philippines, Brunei and London for free.

In addition, Maybank Visa Debit cardholders will also benefit from the Maybank TREATS Spend & Redeem program with free gift redemption.Customers only need to spend $500 over a three-month period to start redeeming free gifts. Yet another fantastic promotion – customers who use the Visa Debit card will now stand a chance to win $1,000 in the Maybank Awesome Race campaign. In the same campaign, customers who use our Internet or Mobile Banking can also aim to win the brand new iPhone 7!
Whether you are Cambodian or a foreigner, you may also be interested in moving your money in and out of the country quickly through the Maybank Funds Transfer.

“The Maybank Regional Funds Transfer is a guaranteed same day foreign currency remittance service to any bank in Malaysia, Singapore, Vietnam and Hong Kong,” Liaw explained, adding that it is free for both individuals and companies to transfer money in RM and SGD into any Maybank branch in Singapore and Malaysia. For individual transfers to other countries, the fee is just $10. Liaw added that companies only had to pay 0.08 percent commission fee and $15 cable charge.

With all the flexibility, access to international financial markets, superior service and attractive interest rates, Maybank Cambodia is the bank to open an account with, and even to switch to.

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