Maybank has launched Money Lock , a first-of-its-kind anti-fraud security feature in Malaysia via the MAE app. The feature allows customers to lock funds in their savings or current accounts to protect against unauthorised digital access and online fraud.

For your information, locked funds cannot be used for transactions such as online transfers , ATM withdrawals , or other payments , providing an additional layer of security for customers. You can specify the amount of funds they want to lock, starting from RM10 to the entire account balance.

In addition, they will continue to earn interest or profit as usual. Activation and adjustment of the locked amount can be done easily through the MAE app, with no fees and no limit on the number of activations. To unlock or reduce locked funds, you need to verify at a Maybank ATM or branch. Funds will be released immediately upon successful verification.

Moreover are encouraged to plan their finances well before activating Money Lock to ensure that important transaction needs can be met. These are the steps to activate the Money Lock feature:

• Open the MAE Application, press the Accounts tab , and select the account you want to use.
• Tap the Money Lock icon , select the amount you want to lock, and check the summary.
• Verify via Secure2u to activate.
  
  

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