Managing director Datuk Amirsham A Aziz said Maybank had invested about RM20 million on its internet banking technology and expected the bank's internet customers to reach 200,000 by year-end.
He told reporters this after the launch of Maybank2u.com by Bank Negara governor Datuk Dr Zeti Akhtar Aziz.
The service included the opening of accounts, balance inquiry, funds transfer, cheque status inquiry, stopping payment of cheque, bill payment, online stock investment, insurance application and renewal, online shopping and electronic procurement.
A statement by Maybank said the online transaction service was currently available from 6.00 am to 12.00 midnight and would be extended to 24 hours a day by the end of the year.
In addition, Maybank2u offered the investing public online stock information, news feeds from Bernama and Reuters as well as financial planning tools and information. These were available 24 hours.
For greater security, it said Maybank2u used the latest 128-bit SSL technology. As such, customers would require the Internet Explorer Version 5.01 or Netscape Navigator Version 4.73, together with the high encryption pack, to perform online transactions.
In conjunction with the launch of Maybank2u, the bank also announced the introduction of i-Account, a unique online deposit account that paid interest based on fixed deposit rates and allowed a customer to view his/her statement online.
With a minimum initial deposit of RM500, the i-Account offered interest calculated daily and paid monthly, optional cheque book facilities as well as free personal accident insurance coverage of up to RM50,000.
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