Get 5% Cash Credit with GSave EzySave + by MayBank

Don’t miss the chance to get 5% cash credit of your ADB on your first 90 days with Maybank’s EzySave+ until December 22, 2022

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Promo Mechanics

  1. The EzySave+ 5% Bonus Cash Credits Promo (“Promo”) will run from September 23, 2022 to December 22, 2022 (“Promo Period”).
  2. The Promo is open to qualified EzySave+ accountholders who:
    • Have successfully opened an EzySave+ Account via the GCash app within the Promo Period
    • Have been approved and fully verified* by both GCash and Maybank
    • Have maintained an active EzySave+ within the Promo Period
    • Have maintained an Average Daily Balance (ADB) of at least PHP0.01 and up to PHP3,000,000 for the Qualifying Period.
  3. Maybank will compute the final qualifying ADB of the accountholder by getting the average ADB within ninety (90) days from account opening date (“Qualifying Period”).
  4. The qualified accountholder will be awarded by Maybank with a one-time cash credit equivalent to 5% rate per annum (p.a.) of the computed 90-day ADB (“Qualifying ADB”) of the accountholder within fifteen (15) banking days after the qualifying period. The maximum 90-day ADB qualified for cash credit is Php3,000,000. Any balance exceeding the maximum will not earn cash credits.Sample Computation:
    SpecificsValues in PHP
    ADB at Day 1 (Account Opening)100,000.00
    ADB at Day 90 (Qualifying Period)3,500,000.00
    Qualifying ADB3,000,000.00
    "Cash Credit equivalent to 5% rate p.a. of Qualifying ADB to be reflected in client’s account: Qualifying ADB x 5% x (90days/365days)"36,986.30
    "2% Withholding Tax on Cash Credit (Covered by Maybank)"739.73
    ^Figures in the sample are for illustrative purposes only. ADB is computed as the sum of the account’s daily ending balances divided by the number of days of the Qualifying Period.
  5. The cash credit will be credited only to the EzySave+ account of the accountholder. In the event of account closure on the crediting date, the cash credit will be forfeited.
  6. The qualified accountholder will receive an SMS after the cash credit has been successfully credited to his or her EzySave+ account.
  7. Maybank reserves the right at its sole discretion to disqualify any accountholder that it determines to be tampering with the account opening process, or to be acting in breach or potential breach of the Promo Mechanics.
  8. In case of dispute in respect to accountholder’s eligibility, Maybank’s decision shall prevail. All questions or disputes regarding the accountholder’s eligibility for the Promo or for any redemption shall be resolved by Maybank at its discretion with concurrence with DTI.
  9. All EzySave+ account opening shall be subject to further verification and approval following Maybank’s processes, Product Terms and Conditions, and Deposit Contract.
  10. Maybank reserves the right, upon prior notice to qualified accountholders to amend, shorten, cancel, or discontinue the Promo. For the avoidance of doubt, any amendment, shortening, cancellation, or discontinuance of this Promo shall not entitle any of the Accountholders to any claim or compensation against Maybank for any losses or damages suffered or incurred as a direct or indirect result of the act

*To check if your account has been fully verified, call Maybank Customer Care at (02) 8588-3888.

Per DTI Fair Trade Permit No. FTEB-148800 Series of 2022.
Supervised by the Bangko Sentral ng Pilipinas
Telephone Number: (632) 8708-7087
Email Address: consumeraffairs@bsp.gov.ph

Frequently Asked Questions

Your bonus cash credit is computed following this formula:
Bonus Cash Credits = Qualifying ADB x 5% x (90days/365days)

Sample Computation :

SpecificsValues in PHP
ADB at Day 1 (Account Opening)100,000.00
ADB at Day 90 (Qualifying Period)3,500,000.00
Qualifying ADB3,000,000.00
"Cash Credit equivalent to 5% rate p.a. of Qualifying ADB to be reflected in client’s account: Qualifying ADB x 5% x (90days/365days)"36,986.30
"2% Withholding Tax on Cash Credit (Covered by Maybank)"739.73
^Figures in the sample are for illustrative purposes only. *ADB is computed as the sum of the account’s daily ending balances divided by the number of days of the Qualifying Period (i.e. 90 days).

The bonus cash credit will be credited to the EzySave+ account of the qualified customer within fifteen (15) banking days after the qualifying period (i.e. 90 days from account opening).

The qualified accountholder will receive an SMS after the cash credit has been successfully credited to his or her EzySave+ account.

To earn the 5% bonus cash credits, EzySave+ customers must have an Average Daily Balance (ADB) of at least PHP0.01 and up to PHP 3,000,000 within the qualifying period (i.e. 90 days from account opening).

No, you are not allowed to open more than one EzySave+ account.