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Anonymous

26 May 2019

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General Investing

How long do Maybank takes to do the prefunded account for MIP?

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It takes 1 working day for my funds to appear in my prefunded account via paynow.

I cannot remember exactly how long it takes but from my experience, it takes a while.

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First of all, you have to set up the prefunded account and get them to connect to your CDP account, which itself takes around 3 days i think.

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Then the GIRO link. That is the longest. Average 1 to 2 weeks. And it takes 3 days for the money to reflect after you have transferred the money

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After which you just need to log on to your Maybank KE account, select eservices and activate the MIP. That one is quite fast though.

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Lastly, just make sure you have money by the 8th of every month as this is when they will purchase the stock of your choice.

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This is a very useful website to refer to: https://www.maybank-ke.com.sg/contact-us/faqs/k...

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