Earn up to
15% p.a.
and more.
Boosted interest p.a. everyday
on your Maya Savings account when you pay with Maya
*Promo runs until July 1-31,2024
Maya Bank Inc. and Maya Philippines Inc. are regulated by the BSP. Deposits are insured by PDIC up to ₱500,000 per depositor
How it works
Open a Maya Savings account 🏦
Go to Savings to see the interest boosts you can unlock 📲
Spend with Maya to boost your Maya Savings interest up to 15%* p.a.
*The boosted interest rate only applies to your first ₱100,000, but you can enjoy the base 3.5% p.a. interest up to your first ₱5M.
Allow notifications from your Maya app (check your phone’s settings) 🔔
Just spend with Maya and get notifications when you complete a boost! ⬆️
- New Maya User
- Existing Maya User
Boost your Savings interest all the way to
15% p.a.
and more on your
first ₱100,000
Open a Maya Savings account
Spend a total of ₱500 via
on Bills pay, Load, Invest on
Funds, Crypto or QR, Checkout, or Card
Spend a total of ₱500
airtime load
Refer a friend with you
@username as the invite code
Boost your Savings interest all the way to
15% p.a
and more on your
first ₱100,000
Open a Maya Savings account
Spend a total of P250 via
Bills pay, Load, Crypto, Stocks, Funds,QRPH, Checkout, or card
Spend a total of ₱1,000 via QRPh, card, checkout, Crypto, Stocks, & Funds
Spend a total of ₱3,000
via Maya Easy Credit on QR, or
Maya Shop or Crypto
Spend a total of ₱25,000
via QRPh, card, checkout, Crypto, Stocks, & Funds
Spend a total of ₱35,000
via QRPh, card, checkout, Crypto, Stocks, & Funds
Refer a friend with your @username as the
invite code
Buy ₱500 load on Maya via
Maya wallet
It’s easy
to get boosted
There are countless ways to unlock up to
14% interest p.a. on your Maya Savings account
-
Existing Maya Users
Spend ₱250
Buy Load
₱100
Scan QR
₱150
-
Existing Maya Users
Spend ₱1,000
Checkout
₱500
Pay with card
₱500
-
Existing Maya Users
Spend ₱3,000 with Maya Credit on QR or Maya Shop
Scan QR and pay with Maya Credit
₱2,000
Buy Load and pay with Maya Credit
P1,000
-
Spend ₱25,000
Scan QR
₱6,000
Pay with card
P15,000
Checkout
₱4,000
-
Existing Maya Users
Spend ₱35,000
Pay with card
₱12,000
Pay with card
₱15,000
Scan QR
₱8,000
-
Refer a friend with @username and earn boost for 15 days
-
New to Maya?
Sign up for Maya, open a savings account
and spend Php500 to get +8.5% interest p.a. on your Maya! Savings
Family Set Meal
₱500
- 5% Interest p.a.
- 6% Interest p.a.
- 7% Interest p.a.
- 8% Interest p.a.
- 10% Interest p.a.
- 12% Interest p.a.
- 14% Interest p.a.
*For illustration purposes only
Partner Merchants
The opportunities to get boosted are endless
Pay with Maya at any of these merchants to earn up to 14% interest p.a. on your Maya Savings account
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Pay with your Maya Card for our non-partner merchants
Use your physical or virtual Maya Card to pay anywhere that accepts VISA or Mastercard
Tell me more
Log in to your Maya app, tap ‘Savings’ at the top of the screen, and select ‘Start saving now.’ Follow the rest of the instructions to set up your Maya Savings account!
Starting June 2, your base interest will be 3.5% per
annum* credited daily.
Want it boosted up to 14% p.a. and more? Simply pay
with Maya to earn a bonus interest of up to 10.5%
p.a.*.
You can learn more
at mayabank.ph/highinterestsavings
Interest rates may change but will only take effect after
the public has been notified. Accounts with no deposit
or withdrawal for the past 2 years will earn no interest.
For the latest interest rates, see Annex A of the Terms
and Conditions at mayabank.ph/terms-conditions.
*Base interest rate applies to deposit balance of up to
P5,000,000
**Bonus interest applies to deposit balance of up to
P100,000
Your Maya Savings account earns interest daily. Your interest is based on your balance at the end of the day and is credited to your account on the next day minus applicable taxes.
Your Personal Goal accounts, meanwhile, earn interest monthly. Your interest is credited to your accounts on the first calendar day of the following month minus applicable taxes.
Absolutely. We own a digital banking license from the Bangko Sentral ng Pilipinas, meaning our customers are protected by very strict standards and guidelines. In addition, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to P500,000 per depositor. You can rest easy knowing your money is safe with Maya.
If you already have an upgraded Maya account, we should have all the information we need for you to start saving. Otherwise, you’ll need to upgrade first and provide the following:
- Full name (including your middle name) and/or PhilSys number (if available)
- Date and place of birth
- Address
- Contact number and email address
- Citizenship or nationality
- Source of funds and nature of work
- Signature or biometric data
- 1 primary ID or 2 secondary IDs (go to maya.ph/upgrade for a full list of accepted IDs)
Your information will be shared with Maya Bank, Inc. with your consent.
You’ll need to upgrade your account first, which will also unlock the rest of Maya’s features. Upgrading is totally free and shouldn’t take long. For instructions, visit maya.ph/upgrade.
No. You can deposit as little or as much as you want!
Earned interest is computed daily using the applicable interest rate/s and your end-of-day balance based on (Actual number of days considered in the computation)/(365).
Daily interest earned is computed based on the following formula:
End-of-day balance x (interest rate) x (1/365)
Total interest earned for the month is the sum of the daily interest earned for each day in the month.
Interest rates may change but will only take effect after the public has been notified. Accounts with no deposit or withdrawal for the past 2 years will earn no interest. For the latest interest rates, see Annex A of the Terms and Conditions at mayabank.ph/terms-conditions.
Yes. Your Maya Savings account number is 12 digits long and may only be used for bank-related transactions, like transfers. You can find it under My Savings (or under the name of your Personal Goal/s, if you have any).
Your Maya number, on the other hand, is the 11-digit mobile number you used to create your Maya account.
You can deposit using money from your Maya Wallet or from a non-Maya bank account:
From your Maya Wallet
- On your Savings dashboard, tap ‘Deposit.’
- Choose ‘My Wallet.’
- Choose ‘My Savings’ (or any of your Personal Goals, if you have any)
- Enter the amount to be deposited.
- Press ‘Deposit’ to complete the transaction.
From a non-Maya bank app
- Open your other bank app and initiate a transfer.
- Select ‘Maya Bank, Inc.’ as the destination.
- Enter your account details, including your 12-digit Maya Savings account number.
- Enter the amount to be transferred.
- Choose PESONet or InstaPay and complete the transaction.
Note: PESONet transactions made before 4 PM will be posted within the same business day. PESONet transactions made after 4 PM or on a holiday or weekend will be processed on the next available business day.
You can transfer to your Wallet instantly and for free. Here’s how:
- On your Savings dashboard, tap ‘Transfer.’
- Choose ‘My Wallet.’
- Enter the amount to be transferred.
- Tap ‘Transfer’ to complete the transaction.
It’s everything and
a bank. What more
could you need?
CONSUMER DEPOSIT TERMS AND CONDITIONS
1. General Terms and Conditions
1.1 These terms and conditions (“T&C” or “Terms”) govern the terms under which you may access and use the products of Maya Bank, Inc. By opening a consumer savings account and/or using our services, you agree to be bound by these Terms. The General Terms and Conditions (GT&Cs) of Maya Bank accessible through this link: https://mayabank.ph/terms-conditions/ are deemed incorporated into these T&C. In case of conflict or inconsistency between the GT&Cs and these T&C, the terms of these T&C shall prevail. 1.2 Under these T&C, the terms “Maya Bank,” “Bank,” “we,” “us,” and “our” refer to Maya Bank, Inc. together with its employees, directors, affiliates, successors, agents, and assigns. Maya Bank, Inc. is a Filipino digital bank, duly licensed by the Bangko Sentral ng Pilipinas (“BSP”). 1.3 The terms “you” and “your” refer to the depositor who uses the services of Maya Bank as depositary bank. 1.4 These T&C shall be effective, valid, and binding from the time that you signify your agreement to these Terms. These T&C will be in full force and effect up to the time that it is terminated by you or us, save for some provisions, which shall remain effective after termination, as stated in this T&C, under any law, rule, or regulation.
2. Definition of Terms
2.1 Account Holder refers to an individual who maintains a savings account with Maya Bank.
2.2 Affiliates refers to any person or entity controlled by or under common control with another person. For purposes of the Terms, any of the entities under the MVP Group of Companies, including but not limited to PayMaya Philippines, Inc., PLDT, Inc., Metro Pacific Investments Corporation, Smart Communications, Inc., The Manila Electric Company, Maynilad Water Services, Inc., Metro Pacific Tollways Corporation, and MediaQuest Holdings, Inc., shall be considered as Affiliates of Maya Bank.
2.3 AMLA refers to the Anti-Money Laundering Act, otherwise known as Republic Act No. 9160, as amended, as implemented by the AntiMoney Laundering Council of the Philippines (“AMLC”).
2.4 Dormant Account refers an account that has had no deposit or withdrawal for a period of 2 years.
2.5 Maya Bank Account or Account refers to your savings account with Maya Bank.
2.6 Maya App refers to the mobile application that serves as the interface between the account holder and Maya Bank Account, whose terms of use shall be in accordance with the Terms and Conditions and User’s Guide found in the said Maya App.
2.7 Maya Savings refers to a deposit product offered by Maya Bank, Inc. in the Maya app where customers are able to make deposits and withdrawals at any time and without penalty through the available channels. Interest earned is computed based on the average daily balance (ADB) of the account.
2.8 Personal Goal/s refers to a goal-based deposit account where customers can keep their money for up to one hundred eighty (180) days while earning interest based on their average daily balance.
3. Opening of an Account
3.1 You may open and maintain Accounts subject to our sole discretion, upon your compliance and our verification of the requirements, in accordance with the BSP onboarding and due diligence requirements. These requirements include, but are not limited to, the following:
3.1.1 Name of customer (Full Name including Middle Name) and/or PhilSys Number (if available);
3.1.2 Date and Place of Birth;
3.1.3 Address;
3.1.4 Contact Number or Information / email address;
3.1.5 Citizenship or Nationality;
3.1.6 Source of funds;
3.1.7 Nature of work;
3.1.8 Specimen Signature or Biometrics; and
3.1.9 One valid Primary ID or Two valid Secondary IDs (refer to https://www.maya.ph/quick-guide/upgrade for accepted government IDs).
- Identify yourself as such holder;
- Provide Maya Bank with your U.S. Tax Identification Number; and
- Provide other documents or information as may be required by all the applicable laws, rules, or regulations, such as the Intergovernmental Agreement between the Philippines and the United States of America.
- All of the information that you have provided are true and correct; and
- You waive your rights pertaining to bank secrecy, privacy, or data protection rights on your Account if and when required by FATCA.
5. General Terms of Service
5.1 Maya Bank agrees to act as a depositary bank for your deposit account which may be an interest- or non-interest-bearing account.
5.2 The applicable laws and rules of the Philippine Deposit Insurance Corporation (“PDIC”) relating to deposits shall govern. Applicable deposit accounts are insured by the PDIC up to a maximum of Five Hundred Thousand Pesos (P500,000.00) per depositor. PDIC shall presume that the name/s appearing on the certificate of deposit is/are the actual/beneficial owners of the deposit, except as provided therein.
5.3 Office hours shall be from 9 AM to 6 PM, Mondays to Fridays. Maya Bank’s online platforms are available 24/7 subject to the cut-off time of its partners applicable to certain transactions. You shall be notified in advance or at the soonest possible time of maintenance activities and the like.
5.4 Maya Bank reserves the right to modify, suspend, stop, or terminate any of its services immediately upon notice, at any time and from time to time, within applicable laws and regulations of the Philippines.
5.5 You will not use any device, software, or routine to interfere or attempt to interfere with the proper working of the Maya App.
5.6 Maya Bank reserves the right to verify any activity that is done through its facilities, especially if it involves compliance with AMLA or other laws, rules, or regulations.
Pursuant to the Implementing Rules and Regulation (“IRR”) of the AMLA, you grant Maya Bank the power and authority to report covered and suspicious transactions involving your account to the AMLC.
Pursuant to the IRR of the AMLA, you shall also authorize Maya Bank to maintain and safely store all records of all transactions involving your Account for five (5) years from the dates of these transactions. With respect to closed accounts, we shall also preserve and safely store the records on customer identification, account files, and business correspondence for at least five (5) years from the dates when they were closed.
Pursuant to the duties imposed by the AMLA, you agree to hold free Maya Bank from any liability.
5.7 We will attempt to process transactions promptly, but any transaction may be delayed or cancelled for a number of reasons including but not limited to: our efforts to verify your identity; to validate your transaction instructions; to contact you; due to variations in business hours and currency availability; availability of the system which may be affected by service disruptions or system maintenance; or otherwise to comply with applicable laws, rules, or regulations.
5.8 We may, in our absolute discretion, refuse or cancel transactions or services if: (a) Maya Bank is unable to verify your identity; (b) Maya Bank is unable to verify the identity of the recipient; (c) you do not comply with information requests pursuant to Clause 5.6; or (d) Maya Bank reasonably believes you are using its facilities, or allowing it to be used, in breach of these T&C or any applicable laws, rules, or regulations.
5.9 If we have executed the transaction in accordance with the instructions you have provided to us, and that the instructions prove to have been incorrect, we are not liable for the incorrect execution of the transaction. We will, however, make reasonable efforts to recover the funds. We may charge you a reasonable fee, reflective of our efforts, to do so. Unless there are exceptional circumstances, no adjustment will be made for any currency fluctuations which may have occurred between the time you pay us the transaction amount and the time of credit.
5.10 Maya Bank shall have the right to automatically suspend or block the transaction or any Account in the event that Maya Bank has reason to believe that the transaction or the account may be illegal or used for fraudulent or suspicious businesses or by an unauthorized person. Maya Bank may, but shall not have the obligation to, inform you prior to suspending or blocking the transaction pursuant to this clause. You acknowledge the authority of Maya Bank to suspend or block the transaction and the closure of the Account and accordingly, you shall hold Maya Bank free and harmless against any and all consequences of such suspension or blocking, or any loss or damage which you may suffer as a result thereof.
5.11 Fees and other charges shall be in accordance with the Table of Fees and Charges (as shown below under Annex B) which may be subject to changes upon discretion of Maya Bank and in accordance with laws, rules, and regulations. However, in the situation where there are insufficient funds in your Account to cover such fees and other charges, we reserve the right, without incurring any liability, to refuse to carry out the transaction.
5.12 In order to comply with our obligations under relevant laws, we reserve the right to require further information or evidence relating to your personal information and to the purpose of any transaction using our facilities.
6.Your Obligations
6.1 You agree to abide by the obligations stated under this section. You understand that failure to abide by these obligations is subject to Maya Bank applying reasonable penalties to you and your Account, including but not limited to charges, suspension, and/or termination of your Maya Bank Account, and proper reporting to the applicable authority of the laws, rules, and regulations that govern Maya Bank.
6.2 You agree not to use any “deep-link,” “page-scrape,” “robot,” “spider,” or other automatic device, program, algorithm or methodology, or any similar or equivalent manual process, to access, acquire, copy, or monitor any part of the Maya App, or in any way reproduce or circumvent its navigational structure or presentation, as well as to obtain or attempt to obtain any material, document, or information through any means not purposely made available through our facilities.
6.3 You agree not to gain or attempt to gain unauthorized access to any part or feature of the Maya App or to any other system or network connected to the Maya App. You also agree not to gather, harvest, or otherwise collect information about others using the Maya App without our explicit informed consent; nor restrict, prevent, or prohibit any other party from using our facilities, including but not limited to such actions which may tend to discourage others from using the services, such as stalking, flaming, or the lashing out at other parties, spamming or the sending of unsolicited information, advertisement or content, flooding or the sending of repetitive messages, trolling or the use of insulting or deliberately divisive information, material or content, other forms of annoyances, and the like.
6.4You agree not to circumvent, disable, or otherwise interfere with security-related features of the Maya App, including those that prevent or restrict use or copying of any content, material, or information available on or through the Maya App, as well as those that enforce limitations on the use of our facilities.
6.5You agree not to probe, scan, or test the vulnerability of the Maya App or any network connected to it, and not to breach the security or authentication measures on the same. You agree not to reverse lookup, trace, or seek to trace any information on any user of or visitor to the Maya App, or any other client of Maya Bank including any account maintained with our facilities not owned by you, to its source, or exploit these or any information made available or offered by or through the Maya App, in any way where the purpose is to reveal any information, including but not limited to personal identification, other than your own information.
6.6You agree to use or access the Maya App for your information and personal use solely as intended through the provided functionality of the Maya App. You agree not to copy or download any material or content from or through them unless such copying or downloading is explicitly allowed by a visible manifestation thereof such as a “download” button or a similar link ostensibly displayed. You further agree not to engage or attempt to engage in the use, copying, transmission, broadcast, display, distribution, or sale of any of the contents, material, or information available on or through the Maya App, including user comments and the like, other than as expressly permitted herein, or as explicitly indicated.
6.7You agree that you will not take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Maya App or its systems or networks, or any systems or networks connected to it.
6.8 You agree not to incorporate any word in your name, message identification, or custom user title that is defamatory, obscene or profane, or which violates any trademark, service mark, or other intellectual property rights of any third party, including that of Maya Bank. You likewise agree not to use any trademark, trade name, service mark, or logo in a way that is likely or intended to cause confusion about the owner or authorized user of such marks, names, or logos.
6.9You agree not to use any device or routine to interfere or attempt to interfere with the proper working of the Maya App or any transaction being conducted using our facilities, or with any other person’s use of these facilities. You agree that you will not engage in any activity that interferes with or disrupts our services or the servers and networks which are connected to our facilities.
6.10 You undertake to provide us with: (a) true, accurate, current and complete evidence of your identity, and promptly update your personal information if and when it changes; (b) provide us with any identity documentations as may be requested by us; and (d) any other information that must be provided for our services to be properly executed. You agree not to conceal your true name or use a fictitious name; otherwise, Maya Bank may file a criminal case against you for violation of penal laws of the Philippines, including the Anti-Alias Law (Commonwealth Act No. 142, as amended by Republic Act No. 6085), among others.
6.11 You agree to update your personal information should there be material changes or as may be required by Maya Bank from time to time.
6.12 Once you confirm the transaction or ask Maya Bank to proceed with the Transaction, you agree that you may neither cancel nor reverse such transaction. Maya Bank shall proceed with crediting the account of the recipient and once the money or fund is in the account of the beneficiary or recipient, Maya Bank cannot reverse nor deduct such account without the proper court order or authorization.
6.13 You agree not to use the facilities of Maya Bank for any purpose that is illegal, unlawful, or prohibited by these Terms, or to solicit the performance of any illegal activity or other activity which infringes on the rights of Maya Bank or others, which includes but is not limited to selling, leasing, or giving your Account to a third party.
6.14 You agree that you are responsible to check for update/s and will download such update/s to the Maya App before use. You also agree that the device used to access the Maya App is compatible or meets the minimum system requirements of the Maya App. You understand that certain Maya App functions may not be available or may be disabled by Maya Bank if you do not perform the needed update or meet the compatibility / minimum system requirements.
You agree that it is your responsibility to take all reasonable precautions to ensure that the device used to access the Maya App is free or is reasonably protected from any computer viruses or similar devices or software including, but not limited to, Trojan horses and worms.
6.15 You agree that it is your responsibility to securely keep your PIN and/or Password, including your one-time pin (OTP). The use of your
User ID and your PIN and/or Password will serve as your irrevocable authorization for us to carry out transactions that you initiated. Any fraudulent activity by your device, agents, employees, officers, and authorized representatives using your User ID and your PIN and/or Password, such as but not limited to unauthorized withdrawals or transfers, that may bring about financial losses to you is your sole responsibility.
6.16 You agree that by supplying your personal information for the purpose of using the Service, you expressly consent to the processing of your supplied personal information for the purpose of creating and maintaining your Account. Such consent includes authorization for Maya Bank to disclose, exchange, and release the said information to its associates, affiliates, subsidiaries, officers, employees, agents, lawyers, and other consultants, pre-paid/debit/credit bureaus or any such persons as Maya Bank deems necessary, or as required by laws, rules, or regulations. In the event that the disclosure or processing of your information does not fall among the above-mentioned situations, we will obtain the necessary consent, subject to existing laws, rules, and regulations on bank secrecy, data privacy, and other relevant laws, rules, and regulations.
6.17 In opening and maintaining a savings account and/or availing any of the bank products and services covered under these Terms, you agree to waive, without need of notice, in favor of Maya Bank, including any of its Affiliates, service providers, shareholders, associates, subsidiaries, officers, employees, agents, lawyers, partners, and other consultants, your rights under Section 55.1 (b) of Republic Act No. 8791 (The General Banking Law of 2000), under Republic Act No. 1405, or any other right pertaining to secrecy of bank deposits for any of the following purposes:
- Updating your Maya Bank account upon your request;
- Validating your identity before providing our services, or responding to any of your queries, applications, feedback, and complaints;
- Managing our day-to-day business operations;
- Keeping your information updated through our official data touchpoints;
- Providing customer service and support;
- Performing credit checks or due diligence checks to minimize risks or frauds;
- Safeguarding your account and protect you against fraud and other criminal activity;
- Settling claims or disputes involving any of our products and services;
- Complying with all applicable laws and regulations as well as performing our obligations from any legal authorities;
- Marketing and Credit scoring;
- Updating you on changes to our products or services; and
- For any other lawful purpose that Maya Bank may deem fit or necessary.
7. User Representation and Warranties
7.1 You warrant that all information you provided Maya Bank are true, correct, and accurate. You further warrant that in case of any change in the circumstances which affect the information you have provided to Maya Bank, you shall inform Maya Bank of such changes within fifteen (15) days from the occurrence of the said change. Maya Bank, its officers, and/or employees shall be held free from any liability for any damages, claims, or demands from your failure to do so or to inform Maya Bank in a timely manner.
7.2 By visiting and/or using the Maya App, you declare, undertake, and affirm that you take sole responsibility for whatever consequences that may arise out of your visit and/or use of our facilities. You understand that Maya Bank shall not be liable for, and you hereby hold Maya Bank free from, any direct, incidental, special, consequential, indirect, or punitive damages whatsoever resulting from your use of, or your inability to use, our facilities. On the other hand, you declare, undertake, and affirm that you shall indemnify Maya Bank for any direct, incidental, special, consequential, indirect, or punitive damages whatsoever resulting from your use of the Maya App contrary to these Terms. You further agree, undertake, and commit to indemnify Maya Bank for any breach of its proprietary and other rights, including breach of these Terms, which you may commit in the course of or arising out of your use of our facilities.
8. Reserved Rights
8.1 You understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to deny access to and/or discontinue its services or any component thereof to anyone at any
time, temporarily or permanently, without giving any reason and/or prior notice to you. You hereby irrevocably agree, affirm, and warrant to hold Maya Bank free from any liability, both under equity and the law, arising or that may arise out of any such denial of access to or the discontinuance of its services.
8.2 You understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to collect, screen, review, flag, filter, modify, block, refuse, or remove any and/or all information provided by any user, explicitly or implicitly to and through its facilities, including but not limited to hardware information, IP address, browser-type related information, cookies, and the like. You hereby irrevocably agree, affirm, and warrant to hold Maya Bank free from any liability, both under equity and the law, arising or that may arise out of any such collection, screening, review, flagging, filtering, modification, blocking, refusal, or removal of any and/or all information provided by any user to and through its facilities.
8.3 You understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to enhance, improve, develop, and introduce new features and functionalities to its facilities at any time and without prior notice. You hereby understand, agree, and affirm that any such enhancement, improvement, development, new feature, and/or new functionality to the Maya App shall form part of its services as defined herein and thus shall likewise be covered by these Terms and its subsequent revisions or amendments, as applicable.
8.4 You understand and agree that Maya Bank reserves the right, at its sole discretion, to verify, check, cross-refer, validate, and ascertain the veracity and truthfulness of all information supplied by you by acquiring, accessing, retrieving, or otherwise acquiring similar or additional information supplied by you to other third-party service providers, including, but not limited to telecommunications providers, etc. You hereby expressly, unequivocally, and voluntarily allow Maya Bank to request for and secure such information, and expressly, unequivocally, and voluntarily instruct such third-party providers to: (a) receive and process Maya Bank’s request; (b) favorably act at all times on any such request by producing the information requested; and (c) when requested by Maya Bank, provide the latter with certified digital or printed copies of the said information.
8.5 You understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to send you or cause to send you service updates and/or messages, including SMS, notifications, email and/or any data message transmission, informing you of enhancements, improvements, developments, features, functionalities, products, promotions, offers, advertisement and/or any other information relative to its services and Maya Bank. Maya Bank makes no warranty of any kind, express or implied, for such service updates and/or messages, but you hereby agree to receive such service updates and/or messages and hold Maya Bank free from any liability and/or claims for indemnification or damages that may arise there from.
8.6 You understand and agree that Maya Bank reserves the right, at its sole discretion, to set limitations to and charge fees and applicable taxes for the use of its facilities, at any time and upon prior notice. You further understand and agree that Maya Bank reserves the right, at its sole discretion and under no obligation, upon notice, to change the applicable fees, taxes, and charges levied for the use of the services, at any time, subject to the conditions set out in Section 15.1 of the Terms and Conditions.
8.7 You understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to enforce the provisions of these Terms, including but not limited to performing investigation and legal actions with law enforcement agencies regarding the Account Holder. Non-enforcement of any of the rights of Maya Bank under these Terms, under the law or under principles of equity shall not be construed as a waiver thereof. Likewise, no subsequent course of action by Maya Bank, by you, and/or by any third party, individually or collectively, shall not operate and shall not be construed to operate as abandonment, amendment, or modification of these Terms. You likewise hereby declare, affirm, and undertake the sole obligation to indemnify Maya Bank or any third party for any damage Maya Bank or said third party may sustain as a result of your use of our facilities.
8.8 You understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to limit the provision, availability, quantity, and quality of any feature, product, or service to any person or to anyone within the same geographic area, demographic profile, or any other market, commercial, and/or trading segments. You likewise understand and agree that Maya Bank reserves the right, at its sole discretion but without obligation, to administer and operate any and/or all of its services from any or various locations outside the Republic of the Philippines. You further understand, agree, and hold Maya Bank free from any liability arising therefrom, that not all features, products, or services discussed, referenced, provided, or offered through or in the Maya App are available to all persons or in all geographic locations, or are appropriate or available for use outside the Republic of the Philippines. Any part or the whole of these Terms are void where prohibited. You hereby understand, agree, and undertake sole responsibility for your continued access to or use of our facilities, as well as the results or consequences of such access and use, including the responsibility for compliance with applicable local laws and the sole liability for non-compliance or breach thereof.
8.9 You understand that and agree that Maya Bank reserves the right, in case of any amount mistakenly credited to your Account, to debit the erroneously credited amount from your Account and/or any of your accounts.
8.10 You understand and agree that Maya Bank reserves the right to comply with a notice or order from a court or other competent authority for the garnishment, attachment, freezing, or sequestration of any or all of your Accounts. The amount subject of the notice or order shall automatically be on hold and no withdrawals will be allowed until the order has been lifted.
8.11 You understand and agree that in the event that:
- a claim or dispute arises in relation to the Account, its ownership, or operation;
- conflicting instructions are given in relation to the Account;
- it receives a request or instruction to freeze the Account; or
- other similar or analogous circumstances occur,
Maya Bank reserves the right, in its sole discretion, to take any necessary actions, such as freezing of the account or filing interpleader suits. You understand that such actions are authorized, approved, and ratified by you and you hold Maya Bank free from any liability arising therefrom.
9. Closing of Account
9.1 You are free to close your Account with Maya Bank, subject to the submission of necessary documents and the surrender of items or documents evidencing ownership. A reasonable nominal charge will be imposed if the Account is closed within thirty (30) days from its opening.
9.2 Maya Bank may also immediately initiate closure of your Account without prior notice if misrepresentation or falsity of information provided by you is found, if the balance of the Account becomes zero (0) and remains as such for a substantial amount of time, if the Account has or is being used for fraudulent or illegal activities, or if Maya Bank finds it reasonable in order to protect its interest.
9.3 Maya Bank may also initiate closure of your Account when it finds that you have not handled the Account in a manner satisfactory to Maya Bank. Maya Bank is authorized to keep records and inform the Bankers Association of the Philippines of the closure of such accounts.
10. Data Privacy Statement
10.1 You authorize Maya Bank and its official partners to process the personal information that you have provided directly or indirectly in our data collection touchpoints relevant to the respective purposes furnished to you in our privacy notices.
With your active use of our products and services, you agree to the Data Privacy Statement of Maya Bank found at http://www.mayabank.ph/privacy.
11. Liabilities
11.1 You agree to indemnify, defend and hold harmless Maya Bank, its subsidiaries and affiliates, and their directors, officers, employees and agents, from and against any loss, damage, liability, costs and expenses, including reasonable attorney’s fees (collectively, “Losses’), arising out of or based on:- breach of, or failure to perform, any of your obligations contained in this Agreement;
- your gross negligence or willful misconduct; or
- errors incurred by or judgments/decisions made by you.
12. Governing Law and Venue of Litigation
12.1 These Terms shall be construed and governed in accordance with the laws of the Philippines.
12.2 You understand and agree that these Terms including all disputes relative to your use of the services of Maya Bank and relating to your Account shall be governed by the laws of the Republic of the Philippines without regard to conflict of laws. In case of any dispute arising out of these Terms or your use of the Services, you hereby agree, undertake, and commit to resolve or attempt to resolve such dispute promptly and in good faith. In case of failure to resolve any such dispute, you agree to the jurisdiction by and venue in the appropriate courts of Mandaluyong City, Philippines, to the exclusion of all other courts, and waive as you hereby waive, any objection to such jurisdiction or venue.
13. Non-Waiver of Rights by Maya Bank
13.1 Failure, omission, or delay on the part of Maya Bank to exercise its right or remedies under these Terms and Conditions shall not operate as a waiver. Any such waiver shall be valid only when reduced in writing and delivered to the Account Holder.
14. Separability Clause
14.1 Should any term or condition in this Agreement be rendered void, illegal, or unenforceable in any respect under any law, the validity, legality, and enforceability of the remaining terms and conditions shall not be affected or impaired thereby.
15. Amendments
15.1 Maya Bank may at any time and for whatever reason it may deem proper, amend, revise, or modify these Terms, which shall only be implemented sixty (60) days after notice to the Account Holders. You agree that for purposes of these Terms, publication of the revised Terms in Maya Bank’s website shall be considered as sufficient notice. It is the Account Holder’s responsibility to regularly check any changes to these Terms at www.mayabank.ph. Your continued use of Maya Bank’s services and continued maintenance of your Account after any such changes constitute acceptance of the new Terms. Failure to notify Maya Bank of your intention to terminate your Account shall be construed as acceptance of the amendments to these Terms. You may notify Maya Bank of your rejection of the amendments to these Terms within thirty (30) days from receipt of individual notice or thirty (30) days from issuance of public notice. Proper notice of your rejection would entitle you to exit the contract without penalty.
16. Notices
16.1 All notice requirements shall be as stated in these Terms. If Maya Bank is required to send notice to you, it shall do so through available channels including but not limited to, in-app notifications, SMS, email, or registered mail which shall be sent to your registered address. Publication in Maya Bank’s website shall also be sufficient notice, as may be required by this Agreement.
17. Customer Service
17.1 At Maya Bank, we consider our customer’s financial questions, needs and feedback as very important. If you have any concerns about a procedure or have encountered a problem with our service, we will do our best to address it within ten (10) calendar days. Should your concern require more time to be resolved, we will update you every step of the way.
Channel | Details |
Maya Bank, Inc. Support Page | |
Help Center | Access the Help Center by logging in to the Maya app, tapping the Menu button on the upper left corner, and tapping ‘Help’. |
support@mayabank.ph | |
Maya Bank | Maya Bank Customer Service No.: (+632) 884577-88 |
You have our assurance that we will handle your concerns, feedback
You may contact Customer Service using the information below or reach out to us on our official social media channels. and information with utmost confidentiality and will strive to resolve them as soon as possible. Maya Bank will handle the information we receive as construed in Section 10 Data Privacy Statement.
Maya Bank is regulated by the Bangko Sentral ng Pilipinas: www.bsp.gov.ph
18. Corporate Governance
18.1 Maya Bank’s business activities are regulated by its own internal business rules and Corporate Governance policies which are compliant with applicable anti-corruption laws. Maya Bank’s policies and internal controls are designed to prevent bribery from occurring, avoid appearance of wrongdoing and enable Maya Bank personnel to respond promptly and effectively to any inquiries about its conduct. In case of any violation of the Corporate Governance policies by Maya Bank, its Stockholders, Directors, officers, employees, or agents, any party may report the same to Maya Bank’s Corporate Governance Office, by sending an email to corpgov@mayabank.ph, from 9AM to 6PM, Philippine Time, Mondays through Fridays, except holidays.
Annex A Table of Interest Rates
Effective as of June 2, 2023
Product | Balance Earning Interest | Base Interest Rate p.a. | Boosted Interest Rate p.a.* |
Maya Savings | PHP 0.01 – PHP 100,000.00 | 3.5% p.a. | Up to 11.0% p.a. |
PHP 100,000.01 – PHP 5,000,000.00 | 3.5% p.a. | 0.00% p.a. | |
PHP 5,000,000.01 and above | 0.00% p.a. | 0.00% p.a. |
On June 2, 2023, your new minimum base interest will be 3.5% p.a. but you can boost it up to 10% p.a. interest every time you pay with Maya from June 5 to August 31, 2023. Learn more at mayabank.ph/savings and mayabank.ph/10percentboost
*Eligible Smart Postpaid subscribers can boost their Maya Savings interest to up to 11% interest p.a. every time they pay with Maya starting June 9 to August 31, 2023. Learn more at maya.ph/smartpostpaidoffers
Effective as of June 2, 2023
Product | Balance Earning Interest | Interest Rate p.a. |
Personal Goal (per goal account) | PHP 0.01 – PHP 1,000,000.00 | 4.00% |
PHP 1,000,000.01 and above | 0.00% |
Interest rates may be changed, provided that such change shall only take effect after public notice. No interest shall accrue on accounts that are considered dormant.
Annex B Table of Fees and Charges
Fees & Charges | Amount | Remarks |
Dormancy Fee | Waived* | Charged after five (5) years from last activity |
Account Closure | Waived* | Charged if the account is closed within 30 days from account opening |
ADB falls below the minimum required | Waived* | Charged if the account’s ADB falls below the required ADB |
Bank Statement Generation Coming Soon | Waived* | Charged for requests to generate bank statements |
Bank Certificate Generation | Waived* | Charged for requests to generate bank certificates |
Transfer to Maya wallet | Free | Charged for |
Transfer to other Maya Bank Accounts | Free | Charged for transactions made to another Maya Bank account |
Transfer via InstaPay | PHP 15.00 per transaction | Charged for |
Transfer via PESONet | PHP 15.00 per transaction* | Charged for |
The table of fees is as of October 14, 2022.
*Waived until further notice.
Additional fees and charges may be imposed at a later time. Account Holders shall be informed of any changes to the fees and charges imposed on their account at least 60 days prior to implementation.
Annex C Special Provisions on Deposit Products
1.Personal Goals
1.1 Personal Goals Creation
1.1.1 A maximum of five (5) active Personal Goals are allowed per customer.
1.1.2A maximum of one hundred eighty (180) days from the goal creation date is allowed for its due date.
1.1.3. An active Maya Savings account is required before a Personal Goals account can be created.
1.2 Personal Goals Cancellation
1.2.1 Should you decide to move the funds from your Personal Goal to your Maya Savings account prior to its due date, you may cancel your goal through the Maya App.
1.3 Crediting of Proceeds to Maya Savings Account
1.3.1 Proceeds from your Personal Goal (total deposit plus accrued interest less applicable withholding taxes), regardless if it is cancelled or completed, will be credited to your own Maya Savings account.
1.3.1.1 After which, your Personal Goals may now be closed by tapping the button from the bottom sheet appearing on your Savings dashboard.
Interest rate chart
| Interest rate | New & existing depositors |
|---|---|
| Base rate | 3.5% p.a. |
| Boosted interest rate unlocked at P250 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 5% p.a. |
| Boosted interest rate unlocked at P1,000 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 6% p.a. |
| Boosted interest rate unlocked at P25,000 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 8% p.a. |
| Boosted interest rate unlocked at P35,000 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 10% p.a. |
| For Smart Postpaid users: Boosted Interest rate unlocked with exclusive voucher code and spend of P999 |
11% p.a. |
| Boosted Rate unlocked when you refer a friend with your @username | 12% p.a. |
Interest rate chart
| Interest rate | New & existing depositors |
|---|---|
| Base rate | 3.5% p.a. |
| Boosted interest rate unlocked at P250 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 5% p.a. |
| Boosted interest rate unlocked at P1,000 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 6% p.a. |
| Boosted interest rate unlocked at P25,000 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 8% p.a. |
| Boosted interest rate unlocked at P35,000 accumulate spend via QR, Pay via Maya Card, Pay via Mobile Number, Checkout with Maya | 10% p.a. |
| For Smart Postpaid users: Boosted Interest rate unlocked with exclusive voucher code and spend of P999 |
11% p.a. |
| Boosted Rate unlocked when you refer a friend with your @username | 12% p.a. |
GET PHP100 WHEN YOU OPEN & DEPOSIT TO YOUR MAYA SAVINGS
- Promo period is from June 24 to July 31, 2022
- This promo is open to Maya users who have accomplished the following within the promo period
- New Maya users who have signed up and upgraded their account within the Maya App, excluding embedded wallets (Gigalife, Rockwellist, Messenger, etc.
- Have opened a Maya Savings account
- Have deposited any amount to their Maya Savings account
- Users who signed up for Maya and opened a Maya Savings account before or after the promo period are not eligible for the program
- Qualified users can earn PHP 100 cashback voucher when they are able to accomplish all the steps in Step 2.
- To deposit money to your Maya Savings account, just go to the Maya Savings dashboard and tap deposit from Maya wallet to your Maya Savings account.
- The user can earn the PHP100 cashback voucher only after depositing any amount to their Maya Savings account.
- Qualified users will receive their cashback voucher in the Maya app up to fourteen (14) business days after the promo period.
- To redeem the voucher, follow these steps:
- Open the Maya app and log in to your account
- Tap “Vouchers” in the home screen
- Select the voucher you want to redeem under “Available” and tap “Claim”
- Review the details and amount of the voucher and tap “Claim Now”
- You will receive a notification of the voucher redemption in-app and via SMS
- Redeemed voucher amount will be reflected in your Maya account balance
- All Maya users must follow strict compliance with mandatory social distancing requirements as imposed by the Philippine government to prevent the spread of the COVID-19 virus. For your health and safety, always remember to maintain spacing of at least 1 meter in diameter between you and other people while in public areas.
- Maya users with merchant accounts and those under Maya Business App are disqualified from participating in this promo.
- This promo is applicable to unique and valid Maya accounts only. Maya reserves the right to withdraw rewards or prizes if one person has already received the prize or benefit beyond the maximum reward, even if already issued.
- Maya users with duplicate accounts or who are blacklisted cannot participate in this promo. Maya reserves the right to cancel or withdraw the prize or benefit if proven to be a duplicate account or participant is blacklisted.
- Maya reserves the right to refuse the awarding of rewards or prizes to accounts that are proven to be invalid or fraudulent or a result of gaming (i.e. abuse of system or weakness in the promo to win prizes or receive benefits).
- Should the qualified deposit transaction be cancelled or declined within the promo period, whether the cancellation is customer- or biller-initiated, Maya reserves the right to withdraw the cashback or reward equivalent to the cancelled transaction, even if the cashback or reward has already been credited. Maya reserves the right to debit any points/cash reward credited from your balance. If your balance is insufficient to cover the amount to be withdrawn at the time of withdrawal, Maya reserves the right to debit the balance not withdrawn when your balance is sufficient.
- The customer must notify Maya for any complaints regarding the promo. The decision of Maya on the complaint with concurrence of DTI FTEB shall be considered final. For clarifications and complaints relative to this promo, please email support@maya.ph.
- Maya users who have exceeded their aggregate limits may not receive their prize or cashback on time. The prize or cashback can only be credited the following month or once a user’s account balance is once again within the allowable limits – Php 50,000 for starter accounts and Php 100,000 for upgraded accounts.
- Deposits are insured by PDIC up to P500,000 per depositor.
DTI Fair Trade Permit No. FTEB- 145630 Series of 2022