Maybank, GCash team up for new digital savings account

Maybank

Posted at Oct 27 2022 03:10 PM | Updated as of Oct 28 2022 04:56 PM

Digital banking has just got easy with the introduction of EzySave+. Photo source: Maybank
Digital banking has just got easy with the introduction of EzySave+. Photo source: Maybank

Maybank, one of the largest banks in Southeast Asia, has announced their partnership with one of the Philippines' biggest mobile wallets GCash to offer a digital savings account that can help jumpstart Filipinos' digital banking journey.

Called EzySave+, the digital savings account provides financial rewards, and at the same time allows customers to access their money conveniently. Customers may quickly open an account, earn interest on their savings, and perform mobile wallet transactions from the EzySave+ account using the GCash app.

Maybank Philippines' President and CEO Abigail Del Rosario. Photo source: Maybank Philippines
Maybank Philippines' President and CEO Abigail Del Rosario. Photo source: Maybank Philippines

"The transformation of the banking system from branch to digital banking has paved the way for easy and convenient banking transactions, especially with the changes in lifestyle brought about by the new normal," said Maybank Philippines' President and CEO Abigail Del Rosario.

"With our partnership with GCash, we are hoping to encourage Filipinos to start saving with security and convenience. In line with our role as a financial institution, we want to ensure a seamless online banking experience for our customers. With the launch of EzySave+, not only can our customers jumpstart their savings, they can also enjoy interest earnings, and perform cashless payments and fund transfers suited for their needs."

For GCash, EzySave+ allows their customers to earn interest on their online deposit accounts. This product complements the breadth of their financial options. 

Teaming up with Maybank to offer a user-friendly platform to open a savings account, GCash ensures a seamless, convenient, and hassle-free customer experience for Maybank customers and GCash users alike. 

GCash President and CEO Martha Sazon
GCash President and CEO Martha Sazon

"This partnership with Maybank is a major step in achieving our vision of 'Finance for All'. It also opens up more opportunities for our users to achieve their personal finance goals," said Martha Sazon, President and CEO of GCash. 

"Making EzySave+ available in our GSave Marketplace is also a testament that we will work tirelessly to ensure that our customers remain financially empowered when they use the GCash app."

Savings made 'Ezy'

Customers can apply for EzySave+ using the GCash app. 

EzySave+ requires no initial deposit, no maintaining balance, and earns interest for as low as P0.01.

Customers' savings also earn interest and are insured by the Philippine Deposit Insurance Corp (PDIC).

EzySave+ also comes with a free EMV-enabled Maybank Visa Debit Card, should you need to withdraw cash, buy from your favorite shops, or pay for your online transactions. 

Maybank also said, as a bonus for new customers, they will give an additional 5% cash credit on your Average Daily Balance (ADB) during the first 90 days of opening an EzySave+ account.

Furthermore, to help protect you and your future, EzySave+ comes with a free personal accident insurance of up to P1 million, with a minimum ADB of only P50,000. 

Humanising financial services #ForYou

EzySave+ is part of Maybank Philippines' offerings as it celebrates this year its 25th anniversary in the Philippines. 

With the campaign theme of #ForYou, Maybank Philippines reiterates their brand promise of putting their customers at the heart of everything they do. 

Connecting the bank's products and services to the customers' needs, for their financial and personal well-being, through relevant products and expanded services, Maybank said they are striving to be a trusted partner for a sustainable future, by providing financial and innovative products that offer greater convenience.

For more information, contact Maybank Customer Care: Metro Manila: (02) 8588-3888, Toll Free: 1-800-10-8588-3888, or email at mpi.customerservice@maybank.com.

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