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Maybank2u unveils digital financial planning tools
Published on: Thursday, September 13, 2018
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Kuala Lumpur: Malayan Banking Bhd (Maybank) through its website Maybank2u has introduced new digital financial planning tools to enhance customers' experience to help them plan ahead financially.This will enable customers to plan their savings, monitor their insurance and keep up-to-date on their financial goals.

The first of its kind in Malaysian, the planning tools include a goal savings plan, spending tracker and an insurance dashboard.

"The goal savings plan feature allows customers to segment their money into 'goals' without having to create separate accounts.

"They can create up to five goals and set a fixed monthly contribution and once a goal is created, the prescribed amount will be debited from their principal account and credited into their goal savings accounts based on the duration opted for," Maybank said in a statement Wednesday.

All amounts placed in the goal savings account would enjoy the applicable interest.

The spending tracker feature allowed customers to track spending from their debit and credit card and able to understand their expenses based on their card spending.

Meanwhile, the insurance dashboard allows customers to view their purchased Etiqa Takaful Life and General Insurance policies in a single dashboard, giving them an overview of their protection plans.

"They can also purchase insurance and investment plans from Etiqa seamlessly via Maybank2u," it said.

Group Chief Executive Officer, Community Financial Services Datuk John Chong said these smart features would enable customers to make informed decision on how they could manage their funds efficiently, so that they would be able to plan and prepare for a better future by fulfilling their dream goals.

He said since the pilot launch of the goal savings plan last month, Maybank had seen over 4,500 goals created with over RM31.5 million targeted to be saved and forecast that the numbers would increase by 100 per cent by year-end.

Maybank2u has more than 10.9 million registered users accessing the platform via the mobile, tablet and website application. – Bernama





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