Maybank is now coming up with a new feature, named Money Lock. Through it, Maybank focuses on supporting the security of user funds, where users can lock their funds through this Money Lock feature, thus preventing online access.
Maybank says that with this layer of security, customers can use banking services without having to worry about their financial security. Using it, users can also choose the amount of money they want to lock so that they can’t be accessed – starting from as low as RM10. Once locked, the funds cannot be used for online transfer transactions, ATM withdrawals, debit card usage, bill payments, fixed deposit placements, and others.
The introduction of this feature makes Maybank the first to offer such a feature, thus increasing customer security and confidence in Maybank’s banking services. Existing Maybank users can access this feature by going to the MAE app, selecting Accounts, and tapping on the “Money Lock” icon.
To reopen funds in Money Lock, users need to complete the verification process at any Maybank ATM or branch nationwide.