SINGAPORE, March 25 – Maybank today announced that it is offering complimentary remittance services for Malaysians working and living in Singapore who have been impacted by Malaysia's Movement Control Order (MCO).
All Maybank and non-Maybank Malaysian customers may visit any Maybank branch to remit funds at S$0 transfer fees to any Malaysian bank account at attractive SGD/MYR exchange rates from today till April 14, 2020.
This is only applicable to individual to individual accounts.
“As the leading financial institution in Malaysia, it is important for us to extend a helping hand to support Malaysia nationals in Singapore who are unable to travel home during this MCO period,” Head of Community Financial Services and Group Wealth Management of Maybank Singapore, Alvin Lee said in a statement here.
“We are committed to supporting the community and hope this complimentary remittance initiative provides some relief for them and their family members will be able to receive the funds they need in a timely manner,” said Lee.
The bank previously introduced relief measures such as Home Loan Repayment Relief to existing customers whose income have been affected by the COVID-19 outbreak and complimentary COVID-19 and dengue fever insurance coverage for all individual Maybank customers.
Malaysia National News Agency
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