If you’re interested in investing your money in Amanah Saham Nasional Berhad (ASNB) using your MAE Maybank2u account, you’re in the right place. In this article, I’ll guide you through the process of transferring money from your MAE Maybank2u account to ASB ASNB online in 5 easy steps. You can complete this transaction conveniently using your smartphone or computer.
What is MAE Maybank2u?
MAE Maybank2u is a mobile banking app that offers a range of financial services, including money management, bill payments, fund transfers, and more. It allows you to access and manage your Maybank2u account from the app, providing the same features and services available on the Maybank2u platform.
What is ASB ASNB?
ASB ASNB is a unit trust scheme managed by Amanah Saham Nasional Berhad (ASNB), which is a subsidiary of Permodalan Nasional Berhad (PNB). ASB ASNB offers various investment products tailored to different risk profiles and objectives. Some of the popular ASNB products include Amanah Saham Malaysia (ASM), Amanah Saham Bumiputera (ASB), and Amanah Saham Wawasan 2020 (ASW 2020).
Why Invest in ASB ASNB?
Investing in ASB ASNB can provide you with several benefits, such as:
- Diversified Portfolio: ASB ASNB products offer exposure to various sectors and industries, allowing you to diversify your investments.
- Low Entry Cost: You can start investing in ASB ASNB with a minimum investment amount of RM10 per transaction.
- High Dividends: ASB ASNB products typically offer attractive dividend rates that are often higher than fixed deposit rates.
- Tax Exemption: You can enjoy tax exemption on the dividends and capital gains generated from ASB ASNB products.
- Guaranteed Capital: Most ASB ASNB products come with capital guarantees provided by the government.
How to Transfer Money from MAE Maybank2u to ASB ASNB Online
To transfer money from your MAE Maybank2u account to ASB ASNB online, you’ll need the following:
- A MAE Maybank2u account with sufficient balance.
- An ASB ASNB account with a valid membership number.
- A smartphone or computer with an internet connection.
Here are the 5 easy steps to transfer money from MAE Maybank2u to ASB ASNB online:
Step 1: Link Your ASB ASNB Account to Your MAE Maybank2u Account
Before you can initiate a transfer from MAE Maybank2u to ASB ASNB online, you need to link your ASB ASNB account to your MAE Maybank2u account. This step ensures that you’ve given consent to view and manage your ASB ASNB account details through MAE Maybank2u.
To link your ASB ASNB account to your MAE Maybank2u account, follow these steps:
- Launch the MAE app and select ‘Maybank2u’ from the bottom navigation.
- Log in using your PIN or biometric login.
- Choose the ‘Wealth’ tab from the top navigation.
- Select ‘ASNB Accounts’ to view your account balance(s).
- Accept the new terms and conditions and proceed to link your account(s).
You can also refer to this video tutorial on how to link your ASB ASNB accounts on the MAE app: Watch Video
Step 2: Access the Transfer Section
Once your ASB ASNB account is successfully linked to your MAE Maybank2u account, you can proceed to initiate the transfer.
To do this, follow these steps:
- Launch the MAE app and select ‘Transfer’ from the Quick Actions menu.
- Log in with your Maybank2u account credentials.
- Choose the ‘ASNB’ tab from the top navigation.
Step 3: Select the Investment Product and Enter the Amount
In this step, you need to choose the ASB ASNB investment product in which you want to invest and specify the transfer amount.
To proceed, follow these steps:
- Under ‘New Transfer,’ select ‘ASNB Transfer.’
- Choose the desired ASNB investment product from the list of available options (e.g., ASM, ASB, or ASW 2020).
- Enter the amount you wish to transfer. The minimum transfer amount is RM10 per transaction, and the maximum amount depends on the individual investment limit for each product.
- Tap ‘Continue’ to proceed.
Step 4: Provide Identification Details and Membership Number
To ensure the transfer goes to the correct ASB ASNB account, you’ll need to provide identification details and the membership number associated with the recipient’s ASB ASNB account.
Follow these steps to provide the required information:
- Select the type of identification from the available options (e.g., MyKad, Passport, or Army ID).
- Enter the corresponding identification number.
- Input the membership number associated with the recipient’s ASB ASNB account. You can find this number on the ASB ASNB statement or certificate.
- Tap ‘Continue’ to proceed.
Step 5: Confirm and Complete the Transfer
Before finalizing the transfer, take a moment to review the details to ensure accuracy.
Follow these steps to confirm and complete the transfer:
- Review all transfer details to ensure they are correct.
- Tap ‘Confirm’ to proceed with the transfer.
- Enter your PIN or use biometric authentication to authorize the transfer.
- Once confirmed, you will receive a confirmation message, and a receipt for the transfer will be provided.
Congratulations! You’ve successfully transferred money from your MAE Maybank2u account to ASB ASNB online. You can conveniently monitor your ASB ASNB account balance and transaction history through the MAE app or the Maybank2u website.
Conclusion
Transferring money from your MAE Maybank2u account to ASB ASNB online is a straightforward and convenient process. You can complete the transaction anytime and anywhere using your smartphone or computer. Moreover, investing in ASB ASNB products offers various advantages, such as portfolio diversification, low entry costs, attractive dividends, tax exemptions, and government-backed capital guarantees.
I hope this guide has helped you understand how to transfer money from your MAE Maybank2u account to ASB ASNB online in 5 easy steps. If you have any questions or feedback, please feel free to leave a comment below. Thank you for reading!