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    Maybank

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    Wan Zafran Zuhaili
    This document provides information about Maybank's Visa Debit card. It discusses key details about the product such as how it can be used to make purchases and withdraw cash from ATMs. The document also outlines fees associated with the card like annual fees and late payment charges. Importantly, it notes that no late penalty fees are charged for the Visa Debit card and that funds are directly deducted from the customer's linked deposit account when transactions are made.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Maybank

    Uploaded by

    Wan Zafran Zuhaili
    33 views17 pages
    This document provides information about Maybank's Visa Debit card. It discusses key details about the product such as how it can be used to make purchases and withdraw cash from ATMs. The document also outlines fees associated with the card like annual fees and late payment charges. Importantly, it notes that no late penalty fees are charged for the Visa Debit card and that funds are directly deducted from the customer's linked deposit account when transactions are made.

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    maybank

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    This document provides information about Maybank's Visa Debit card. It discusses key details about the product such as how it can be used to make purchases and withdraw cash from ATMs. The document also outlines fees associated with the card like annual fees and late payment charges. Importantly, it notes that no late penalty fees are charged for the Visa Debit card and that funds are directly deducted from the customer's linked deposit account when transactions are made.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    33 views17 pages

    Maybank

    Uploaded by

    Wan Zafran Zuhaili
    This document provides information about Maybank's Visa Debit card. It discusses key details about the product such as how it can be used to make purchases and withdraw cash from ATMs. The document also outlines fees associated with the card like annual fees and late payment charges. Importantly, it notes that no late penalty fees are charged for the Visa Debit card and that funds are directly deducted from the customer's linked deposit account when transactions are made.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 17

    1) SAFIQAH BINTI SALLEH

    17DIB19F2011
    2) NUR DARLEEN ZAHIDAH BINTI AHMAD ASMADI
    17DIB19F2042
    3) MUHAMMAD IZZAT HAIKAL BIN HISHAM
    17DIB19F2021
    4) WAN ZAFRAN ZUHAILI BIN WAN SHAMSUDDIN
    17DIB19F2025
    MAYBANK ISLAMIC
    Maybank
    IKHWAN VISA INFINITE
    Visa Debit CARD-I
    ABOUT
    PRODUCT

    Maybank Visa Debit is an enhanced ATM (Automated Teller Machine) card. It can beused to withdraw cash from ATMs,
    and at the same time function like a credit card. It canbe used to make purchases at merchant locations such as petrol
    stations, grocery stores,
    retail stores and restaurants, including overseas merchants and even on the Internet.When MAYBANK VISA DEBIT is used
    to make purchases or cash withdrawals at ATMs,funds are deducted from the customer's account, directly accessing the
    money in the customers' deposit accounts prevailing interest rate can be continued to be enjoyed on the Savings Account.
    ABOUT
    PRODUCT

    The issuance of the attached Maybank Islamic Ikhwan


    Visa Card, MasterCard Card or AMEX Card (whether a primary or supplementary card) (the "Card") byMaybank Islamic Berhad
    (Company Registration No.200701029411) (the "Bank", or "us" or "we"), to you (orin the case of a supplementary card, to the
    supplementary cardmember) and the use of the Card byyou or the supplementary cardmember will be subject to the following terms
    and conditions. These terms andconditions will be binding on you immediately when:(a) you (or the supplementary cardmember,
    asapplicable) acknowledge receipt of the Card, o(b) when you (or the supplementary card holder,as applicable) activate or use the
    Card,whichever comes first
    SHARIAH CONTRACT USED

    1. THIS IKHWAN CARD-I IS ISSUED BASED ON


    THE SHARIAH CONTRACTS OF UJRAH
    Ujrah

    Shariah contract 1.1 Under the concept of Ujrah, by issuing the


    Card, we may provide you identified services,
    used for
    benefits and privileges in exchange of a fee.
    maybank islamic 1.2 We are entitled to charge you the
    Management
    debit cardi is Fee in exchange for all the Services which are

    based on ujrah made available to you.


    Qard

    shariah concept 1.3 Under the Shariah contract of Qard, you


    may
    utilize the Card based on the Card Limit
    approved by us.

    1.4 Qard means a contract to lend money


    under
    which we lend money to you and you are
    bound
    MODUS Primary Documents
    • MyKad (IC)/Police or Armed Forces ID Card

    OPERANDI
    • Birth Certificate and MyKid (i.e for in-trust
    and minor accounts)
    • Passport (i.e for non-residents/foreigner)
    • Minimum Deposit for Current/Saving
    Account open:
    • Visit your nearest Maybank branch.
    • RM250 (individuals, joint & minor
    • Filling up the application form and accounts)
    choosing Maybankard Visa Debit • RM50 (with letter of employment)
    • *Current/Saving Account details please
    when you open a savings or current
    click here.
    account.
    • Existing savings and current account
    Supporting/Secondary Documents:
    customers can apply or convert to • Valid Passport (for Residents)
    Maybankard Visa Debit immediately. • Valid Driving License (for Residents)
    • Utility Bills (e.g water/ electricity/ telephone bills, Quit Rent,
    Assessment
    • Notice) in the name and address of the customer opening the account.
    • Letter of Confirmation from Employer, Educational Institution etc.
    • Credit Card (if any)
    MODUS
    OPERANDI If you are self-employed:

    • Copy of NRIC (both sides) or • Copies of Business Registration


    • Latest 6 months' Bank Statements
    Passport, including that of
    supplementary applicant's
    • Latest BE form with official tax
    receipt
    • Latest 3 months' salary slips
    • Latest 6 months' savings account
    activity/current account statement If you are an expatriate:

    • Letter from employer confirming duration of employment contract in


    Malaysia
    Features Features
    • Use as your ATM card • Earn up to 2 Treatspoints for every
    RM1 spent locally
    locally or overseas. • Earn 5 Treatspoints for every RM1
    spent overseas
    • Pay your bills or • Earn 1x Treatspoints on all
    transfer money. transactions for utilities, petrol,
    education, EzyPay and insurance
    • Set your own transactions
    purchase limit of up • 10,000 TreatsPoints awarded upon
    first time spend on card
    to RM10,000. • Redeem your Treatspoints for Flexi
    Travel- airline tickets, cruises or car
    • Daily default purchase rentals via Mayflower.
    FEES AND
    CHARGES
    FEES AND
    CHARGES
    Effective Management Fee
    (“EMF”)
    (i) In exchange for the Services made available to you pursuant to this Agreement, you will be charged an FMF,the
    amount of which is dependent onthe type of Card issued. The FMF may bincreased or decreased from time to
    time, with a twenty-one (21) calendardays notice to you. Such variation shall be binding on you from such date as
    determined by us. The current FMF ratesare as set out in Annexure 3 (FixedManagement Fee (FMF)) of this
    Agreement below;

    (i)(ii) The amount of the FMF shall operate as a capping for the EMF and the ECAMF chargeable. In the event the
    accrued EMF and/ or ECAMF exceeds the calculated amount of the FMF, we willonly charge EMF and ECAMF up to
    theFMF amount;

    (iii) We may at our discretion, at any timeand from time to time, grant you arebate (Ibra’), the amount of which
    will be determined at our discretion.Without prejudice to such discretion,the amount of the rebate (Ibra’)
    ifgranted may be determined on the difference between the FMF and the EMFand/or the ECAMF at the
    relevant Statement Date when the EMF and/orECAMF on the Current Balance is lessthan the FMF.
    Annual Fees

    You agree to pay the Annual Fee and applicable tax for the Card (including, in the case
    of aprincipal Card, all Supplementary Cardsissued). This Annual Fee shall be
    determined,and may be varied, by us from time to time.The Annual Fee will be billed to
    you asspecified in the relevant monthly statement..
    NO
    Late Penalty
    • 6.3 If the Minimum Payment is not received by us by
    the Due Date, a late payment charge will be levied at
    1% of the unpaid outstanding balance or RM10,
    whichever is higher, up to a maximum of RM100.00.

    PENALTY
    • 6.4 We will apply any payment received from you in the
    order of balances attracting the highest interest rate
    to those attracting the lowest interest rate.
    • 6.5 All payments by you to us may not be made subject

    FEE
    to any deduction (whether on the basis of any claim or
    counterclaim or right of set-off you think you might
    have against the Authorised Merchant, Authorised
    Cash Outlet and/or us, or otherwise).
    CONCLUSION
    As a savvy consumer, security aspects should be taken into
    account because “debit cards” are also vulnerable to the risk of
    internet scammer where scammer can take information and
    perform transactions directly from the main savings account. It
    should be noted that no protection is provided for every
    transaction using a debit card unlike a credit card.

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