EzySave+ Daily Cash Rewards Promo Mechanics:
- Promo period of the Ezysave Daily Cash Rewards Promo (“Promo”) is from July 20-August 31, 2023.
- The Promo is open to qualified EzySave+ accountholders who:
- Have opened an EzySave+ account within the Promo Period.
- Have been approved and fully verified* by both GCash and Maybank within the Promo Period.
- Have daily cleared balances of at least PHP5,000 and maximum of PHP3,000,000 within the Promo Period to qualify for the cash credits.
- If the daily cleared balance is below PHP5,000 it will not be qualified for the promotional cash credit.
- If the daily cleared balance is above PHP3,000,000, only the PHP3,000,000 will be qualified for the promotional cash credit. Balance in excess of PHP3,000,000 will not be qualified for the promotional cash credit.
- The cash credit value will be based on the previous day’s qualified cleared balance and will be posted daily on the qualified customer’s EzySave+ account. The final cash credit value will be PHP2.00 for every PHP5,000 of the daily cleared balance.
Sample computation:
TABLE 1: Meets the minimum daily cleared balance requirement.
|
A
|
B
|
C
|
D
|
E
|
F
|
|
DAY
|
DEPOSIT VALUE
|
DAILY CLEARED BALANCE
|
INCREMENTS OF 5,000 IN DAILY CLEARED
BALANCE
|
FINAL CASH
CREDIT VALUE
(D x PHP2.00)
|
2%
WITHHOLDING
TAX*
(E x 2%)
|
|
1
|
+ 5,000
|
5,000
|
1
|
2
|
0.4
|
|
2
|
|
5,002
|
1
|
2
|
0.4
|
|
3
|
|
5,004
|
1
|
2
|
0.4
|
|
4
|
|
5,006
|
1
|
2
|
0.4
|
|
5
|
|
5,008
|
1
|
2
|
0.4
|
|
6
|
|
5,010
|
1
|
2
|
0.4
|
|
7
|
|
5,012
|
1
|
2
|
0.4
|
|
|
TOTAL
|
5,012
|
1
|
14
|
6.8
|
*The 2% Withholding Tax on Cash Credit will be shouldered by Maybank Philippines, Inc.
TABLE 2: Exceeds the maximum daily cleared balance requirement
|
A
|
B
|
C
|
D
|
E
|
F
|
|
DAY
|
DEPOSIT VALUE
|
DAILY CLEARED BALANCE
|
INCREMENTS OF 5,000 IN DAILY CLEARED
BALANCE
|
FINAL CASH
CREDIT VALUE
(D x PHP2.00)
|
2%
WITHHOLDING
TAX*
(E x 2%)
|
|
1
|
+3,000,000
|
3,000,000
|
600
|
1,200
|
24
|
|
2
|
|
3,001,200
|
600
|
1,200
|
24
|
|
3
|
|
3,002,400
|
600
|
1,200
|
24
|
|
4
|
|
3,003,600
|
600
|
1,200
|
24
|
|
5
|
|
3,004,800
|
600
|
1,200
|
24
|
|
6
|
|
3,006,000
|
600
|
1,200
|
24
|
|
7
|
|
3,007,200
|
600
|
1,200
|
24
|
|
|
TOTAL
|
3,007,202
|
600
|
8,400
|
168
|
*The 2% Withholding Tax on Cash Credit will be shouldered by Maybank Philippines, Inc
TABLE 3: Does not meet the minimum daily cleared balance requirement;
|
A
|
B
|
C
|
D
|
E
|
F
|
|
DAY
|
DEPOSIT VALUE
|
DAILY CLEARED BALANCE
|
INCREMENTS OF 5,000 IN DAILY CLEARED
BALANCE
|
FINAL CASH
CREDIT VALUE
(D x PHP2.00)
|
2%
WITHHOLDING
TAX*
(E x 2%)
|
|
1
|
+ 5,000
|
5,000
|
1
|
2
|
0.4
|
|
2
|
|
5,002
|
1
|
2
|
0.4
|
|
3
|
|
5,004
|
1
|
2
|
0.4
|
|
4
|
|
5,006
|
1
|
2
|
0.4
|
|
5
|
- 5,000
|
6
|
0
|
0
|
0
|
|
6
|
|
6
|
0
|
0
|
0
|
|
7
|
|
6
|
0
|
0
|
0
|
|
|
TOTAL
|
5,006
|
1
|
8
|
0.16
|
*The 2% Withholding Tax on Cash Credit will be shouldered by Maybank Philippines, Inc.
- The qualified accountholder will receive an SMS after the first cash credit has been successfully credited to his or her EzySave+ account.
- Maybank reserves the right at its sole discretion to disqualify any accountholder that it determines to be tampering with the account opening process, or to be acting in breach or potential breach of the Promo Mechanics.
- In case of dispute in respect to accountholder’s eligibility, Maybank’s decision shall prevail. All questions or disputes regarding the accountholder’s eligibility for the Promo or for any redemption shall be resolved by Maybank at its discretion with concurrence with DTI.
- All EzySave+ account opening shall be subject to further verification and approval following Maybank’s processes, Product Terms and Conditions, and Deposit Contract.
- Maybank reserves the right, upon prior notice to qualified accountholders to amend, shorten, cancel, or discontinue the Promo. For the avoidance of doubt, any amendment, shortening, cancellation, or discontinuance of this Promo shall not entitle any of the Accountholders to any claim or compensation against Maybank for any losses or damages suffered or incurred as a direct or indirect result of the act of amendment, shortening, cancellation, or discontinuance of this Promo.
- For additional inquiries, customers may call our Customer Care Hotline at (02) 8588-3888.
*To check if your account has been fully verified, call Maybank Customer Care at (02) 8588-3888.
Per DTI Fair Trade Permit No. FTEB-172505 Series of 2023.
Maybank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas with telephone number: (632) 87087087 and e-mail address: consumeraffairs@bsp.gov.ph
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