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Maybank Payroll is a payroll service with both conventional and Sharia-compliant options equipped with various benefits, ranging from seamless transactions, employee loan and financing application processing, to life insurance coverage.

Take advantage of our attractive offer to earn cash rewards up to IDR18 million by opening Maybank Payroll/Payroll iB Savings Account. For more details, CLICK HERE

Effective 1 March 2023, Maybank Payroll One Savings Account, as a transactional savings account, is now equipped with a term savings account, known as the Payroll Goal Saver/Payroll Goal Saver iB accounts, designed to meet your financial needs.

Features & Benefits

One Stop Banking

Easy submission and special rate on lending for employees (personal loan, housing loan, vehicle loan and Maybank Credit Card).

Employee Training Facilities

With certified HR instructors with a choice of financial education and self-development topics. Period until 30 June 2023.

Insurance Benefit

Free premium/contribution of personal accident insurance.^*

Interesting Interest / Indication of Yield on Online Deposit

Open online deposit via M2U ID App/Web, optimal interest rate/indication of yield with min. placement of IDR10 million.

FREE Transfer Fee

Free of interbank and BI-FAST online transfers fees with total 5x per month/Customer via M2U ID App/Web^**

FREE Cash Withdrawal Fee

10x cash withdrawals monthly using Maybank Debit Card at other bank’s ATMs networks (Domestic ATMs) for Maybank Payroll One/One iB Savings Account.^****

No Initial Deposit

Zero Rupiah initial deposit for employee payroll savings account opening.

Free Admin Fee per Month

Maintain the average balance min. IDR500,000. Otherwise will be charged IDR4,500 monthly.

Available with Shariah Principles

Savings with Mudharabah Mutlaqah contract.

Smart Savings

Automatically separate spending and saving funds by activating the Payroll Goal Saver/Payroll Goal Saver iB Account feature.

Smart Spending

10% cashback up to IDR 250,000 from transactions and maintain the average monthly balance for activating the Payroll Goal Saver/Payroll Goal Saver iB.

10% cashback up to IDR250,000 from total shopping transactions using Maybank QR Pay and Debit Card from Maybank Payroll One Plus/ Maybank Payroll One Plus iB Savings Account or pay bills via M2U ID App and maintain monthly average balance. Bill payments via M2U ID App that are calculated to get a 10% cashback are electricity, water, telephone & cable TV.

Activate the Payroll One Goal Saver/Payroll One Goal Saver iB Account to get 10% cashback from each of your transactions.

CLICK HERE

Monthly average balance	*Max cashback/ month*
Monthly average balance	Maybank Debit Card/ QR Pay	Bill payment via M2U ID App
IDR500 thousand - < IDR2 million	IDR25,000	IDR10,000
IDR2 million - < IDR5 million	IDR50,000	IDR25,000
IDR5 million - < IDR10 million	IDR100,000	IDR50,000
Min. IDR10 million	IDR200,000	IDR50,000

If the Customer’s transaction is made on Saturday/Sunday/National holiday, the transaction will be calculated on the next working day.

Example:

Customer make transactions on Saturday, Sunday, and Monday (National Holiday) 26^th-28^th February 2023, then the three transactions that have been made will be counted as transactions on Tuesday, 1^st March 2023.

^*)Free of premium payments (contributions) for personal accident insurance of IDR12.5 million from registered Maybank Payroll Savings Account or personal accident Shariah 20x savings balance at the end of previous month up to IDR2 billion from Maybank Payroll Savings Account iB. End of month balance is the balance of the last working day of the month or the balance of closing books at the end of the Bank's month-end process..Insurance/ Shariah insurance protection is an insurance product of Maybank partner. Maybank makes premium payments for insurance products, does not receive commissions, and is not responsible for all risks arising from the insurance product offered. Insurance product is not included in the coverage of the insurance program as referred to in the laws and regulations concerning the Indonesia Deposit Insurance Corporation.
**) BI-FAST is only available via M2U ID App. For Maybank Regular Payroll Savings Account, a fee of IDR6,500 is charged for online transfers between Banks. Interbank online transfer fee using BI FAST shall refer to M2U ID App Fees and Charges.
^**** For Maybank Regular Payroll Savings Account, a fee of IDR7,500 is charged for cash withdrawals at ATMs at other Banks.

Visit nearest Maybank office branch for opening Maybank Payroll savings account.

Info on Maybank branch locations

CLICK HERE

Limit and Fee Information

No.	Features	Maybank Payroll One/ Payroll One iB Savings Account		Payroll Goal Saver/ Payroll Goal Saver iB account
1.	Minimum initial deposit	According to Customer’s payroll		IDR100,000
2.	Next minimum deposit	IDR10,000		N/A
3.	Minimum balance	IDR500,000		N/A
4.	Minimum nominal of regular deposit (monthly)	N/A		IDR100,000
5.	Non-withdrawal minimum balance	IDR10,000		N/A
6.	Monthly administration fee	Free		N/A
7.	Admin fee below the minimum balance	IDR4,500		N/A
8.	Account closing fees	IDR50,000		IDR10,000 for closing before the due date*
9.	Inactive/dormant account fee	IDR50,000		N/A
10.	Interest rate/indication of yield on equivalent rate (single rate)	Ending balance	% Rate per annum	0,5% per annum
		≤IDR1,000,000	0.00%
		> IDR1,000,000 - IDR1,000,000,000	0.50%
		> IDR 100,000,000 - IDR1,000,000,000	1.00%
		> IDR100,000,000 -- IDR1,000,000,000	1.25%
11.	Profit sharing ratio	10% (Customer) : 0% (Bank)		5% (Customer) : 95% (Bank)
12.	Time span	N/A		3-18 month

*Only charged if the closing of the account is done before the Maybank Payroll Goal Saver/ Maybank Payroll Goal Saver iB account is due

Transaction Limits

Type of Transaction	Limit/ day (IDR)
Cash withdrawal	10 million
Transfer to other Maybank account
Per ATM Card	50 million
M2U ID (1 User ID)	100 million
Interbank transfer (ATM)	25 million
Shop with a Debit Card (PIN)	10 million

Transaction Fees

Transaction Fees on the Network	Type of Transaction	Biaya
Maybank ATM	Cash withdrawal	Free
	Balance information	Free
	Transfer to other Maybank Account	Free
	Transfer to other banks	IDR7,500
Other Banks’ ATM	Cash withdrawal	Free 10x online transfer per month, the next is IDR7,500 per transaction
	Balance Information	IDR4,000
	Transfer to other Maybank Account	IDR7,500
	Transfer to other banks	IDR7,500
Overseas	Cash withdrawal at MasterCard® ATM	IDR26,000 / USD 2.5 / SGD4,25
Overseas	Cash withdrawal at MEPS ATM	IDR6,000
M2U ID App/ M2U ID Web	Transfer to other banks	Free of charge total max. 5x per month**, then charged with the following details: Online transfer : IDR6,500 BI-FAST : IDR2,500

**The maximum limit of free online transfer fees & BI-FAST is calculated from the combined transactions of all customer savings accounts that have the same benefits, such as Maybank U or U iB Savings Account, MAKSI/MAKSI iB, One Payroll / One iB Payroll, Payroll Group/Payroll Group iB, MyWadiah & Maybank Indonesia Employee Payroll

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Maybank Payroll is a payroll service with both conventional and Sharia-compliant options equipped with various benefits, ranging from seamless transactions, employee loan and financing application processing, to life insurance coverage.

Features & Benefits

Financial solutions to meet your needs

Choice of Credit Card for You

Enjoy Special Offers for You

Product Summary Information

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