How to apply maybank gold investment account

## How to Apply for a Maybank Gold Investment Account

Maybank Gold Investment Account (GIA) is a shariah-compliant gold investment product that offers investors the opportunity to own physical gold in a safe and convenient manner. With a GIA, you can invest in gold as low as RM100 and start accumulating your gold savings over time.

### Benefits of a Maybank Gold Investment Account

* **Own physical gold:** You will own physical gold in vaults approved by Maybank.
* **Shariah-compliant:** The GIA is compliant with Shariah principles, making it suitable for Muslim investors.
* **Flexible investment:** You can invest as low as RM100 and increase your investment amount anytime.
* **Competitive pricing:** Maybank offers competitive gold prices and low storage fees.
* **Safe and secure:** Your gold is stored in secure vaults and insured against loss or damage.
* **Convenient:** You can manage your GIA online or through Maybank’s mobile app.

### Eligibility Criteria

To apply for a Maybank Gold Investment Account, you must meet the following eligibility criteria:

* Be a Malaysian citizen or resident aged 18 years or above.
* Have a valid Maybank account.
* Accept the terms and conditions of the GIA.

### How to Apply for a Maybank Gold Investment Account

You can apply for a Maybank Gold Investment Account online or at any Maybank branch.

**Online Application**

1. Visit the Maybank website: https://www.maybank2u.com.my/.
2. Click on “Investment” and then “Gold Investment Account”.
3. Click on “Apply Now”.
4. Fill in the online application form and submit it.

**Branch Application**

1. Visit any Maybank branch.
2. Inform the bank staff that you wish to apply for a Gold Investment Account.
3. Complete the application form and submit it together with the required supporting documents.

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### Required Supporting Documents

When applying for a Maybank Gold Investment Account, you will need to provide the following supporting documents:

* Identity card (MyKad or passport)
* Proof of address (utility bill or bank statement)
* Maybank account details

### Application Process

Once you have submitted your application, Maybank will review your documents and process your application within 5 to 7 working days. If your application is approved, you will receive a notification from Maybank.

### Gold Investment Options

With a Maybank Gold Investment Account, you can invest in gold in the following ways:

* **Physical gold:** You can purchase physical gold bars or coins in various weights and denominations.
* **Gold certificates:** You can purchase gold certificates that represent physical gold held in Maybank’s vaults.
* **Gold exchange-traded funds (ETFs):** You can invest in gold ETFs that track the price of gold.

### Gold Storage

Your gold will be stored in secure vaults approved by Maybank. The vaults are regularly audited and insured against loss or damage.

### Fees and Charges

The following fees and charges apply to a Maybank Gold Investment Account:

* **Account opening fee:** RM20
* **Storage fee:** 0.45% per annum based on the market value of your gold
* **Transaction fee:** RM10 per transaction
* **Redemption fee:** 1% of the redemption amount

### Redemption of Gold

You can redeem your gold at any time by visiting a Maybank branch or by submitting a redemption request online. The redemption process takes 2 to 3 working days.

### Conclusion

A Maybank Gold Investment Account is a convenient and secure way to invest in physical gold. With flexible investment options and competitive fees, the GIA is a great option for investors looking to diversify their portfolio and hedge against inflation.

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