Maybank is Slowing Down Your Transfer Limit Increases

What's Happening?

Maybank is introducing a new rule that will make it harder for scammers to steal your money. Starting July 31, 2024, there will be a 12-hour waiting period whenever you ask to increase your online transfer limits.


Why is Maybank Doing This?

Scammers love to quickly increase transfer limits on your account and then steal your money. This new rule gives you time to think about whether you really want to increase your limit and also gives you time to report any suspicious activity to Maybank.


What Does This Mean for You?

If you want to increase your transfer limit, you'll have to wait 12 hours before the change takes effect. This means you can't make larger transfers right away. However, you can still make transfers within your current limit while you wait.


How Will You Know?

Maybank will send you a message either through SMS or the MAE app to let you know when the 12-hour waiting period starts and ends.


Remember, this change is to protect you from scams. It might be a small inconvenience, but it's worth it for your peace of mind.

 

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