Maybank’s MAE App Now Opens ASNB Unit Trust Accounts, With Investing From RM10
Malaysians who have never held a unit trust account with Amanah Saham Nasional Berhad (ASNB) can now open one inside Maybank’s MAE app, without visiting a branch or an ASNB agent. New investors can put in as little as RM10, and existing ASNB holders can link their accounts to top up from RM1.
The move turns MAE, Maybank’s everyday banking and e-wallet app, into a doorway to one of the country’s most widely held savings products, and comes with a small cashback offer for the first wave of sign-ups.
Key facts
- First-time ASNB investors can open an account in MAE via Apply › Investment › ASNB Account, or via Accounts › Wealth.
- The minimum is RM10 for a new fund and RM1 for top-ups once an existing ASNB account is linked.
- Maybank charges a RM1 fee per successful fixed-price ASNB transaction, with 8% SST applied to the fee where applicable.
- New investors who open an account on MAE between 1 November 2026 and 31 January 2027 can get RM3 or RM5 cashback, limited to the first 15,000 investors.
- Withdrawals are not available in MAE; they still go through a Maybank branch, an ASNB office or an ASNB agent.
What is ASNB, and what changed
ASNB is the unit trust management arm wholly owned by Permodalan Nasional Berhad (PNB), the national investment fund manager. It runs government-backed funds that many Malaysian families use as long-term savings. These include the Amanah Saham Bumiputera (ASB) funds, which are open only to Bumiputera investors, and the Amanah Saham Malaysia (ASM) funds, which other Malaysians can buy.
Until now, MAE users could manage ASNB holdings in the app, but a first-time investor still had to set up an ASNB account elsewhere. Maybank says new and existing investors can now open accounts, subscribe to funds, top up and manage their holdings all in MAE.
To qualify, you must be a Malaysian aged 18 or above with no existing ASNB account, and already use MAE with a Maybank current or savings account (Islamic accounts included). The account must be in your own name. One condition is easy to miss: if you do not make a first investment within one year, the new ASNB account is closed, although you can apply again later.
What it means for Malaysians
- Savers and first-time investors: The RM10 entry point lowers the barrier for young adults and gig workers who may never have stepped into an ASNB branch. But the flat RM1 fee matters at small amounts: it works out to 10% of a RM10 investment and 1% of a RM100 one, before SST. Investing in larger, less frequent amounts keeps that cost down.
- Cash access: Because withdrawals are not supported in the app, money put into ASNB through MAE is not as easy to pull out as a wallet balance. Users should treat it as savings, not spending money.
- Banks and fintechs: It is another sign that Malaysia’s big banks want their apps to be one-stop money hubs that handle payments, savings and investments in one place, as new digital banks compete for the same young customers.
Maybank is also running an “Invest & Win” draw from 1 September 2026 to 31 January 2027. Every two ASNB investments via MAE or the Maybank2u website earn one entry, and winners receive ASNB units matching what they invested in that phase, up to RM250.
What to watch
- Whether Maybank adds in-app ASNB withdrawals, which would close the biggest gap in the MAE experience.
- How quickly the 15,000 cashback slots are taken up, a rough signal of demand from first-time investors.
- Whether rival banks and digital banks follow with in-app ASNB account opening of their own.
Related: Malaysia’s e-wallet war explained · How Malaysia’s payment system works
Sources: Lowyat.NET (November 2026) · RinggitPlus via Newswav (November 2026) · Maybank (November 2026)
