Attention Maybank2u users! When you transfer money from Maybank to Maybank and also when you use IBG, you must use Secure2u to validate the transfer. The new measure will come into effect on March 8, 2022.
According to a message from Maybank, Maybank is gradually making Secure2u the preferred option for verifying banking transactions, and users will only be able to verify transactions via Secure2u when making certain transactions and will no longer receive SMS TACs.
As of March 8, 2022, when you use Maybank2u to transfer funds to another Maybank account, you can only use Secure2u to verify the transaction. When you use Maybank2u to make an Interbank GIRO (IBG) interbank transfer, you will also only be able to use Secure2u to validate the transfer.
Maybank has gradually reduced the amount of transactions that require Secure2u verification from RM5,000 to RM1,000 since last year, and purchases of Prepaid Reload using Maybank2u must also be verified using Secure2u.
Secure2u is a pop-up window in the Maybank APP when you make a transaction in Maybank2u, you just need to click Approve to complete the transaction.
The reason why Secure2u is more secure than SMS TAC is that Secure2u can only be used on phones that have been verified. Those phones that are not verified will not be able to use your Secure2u.
When you use the Maybank APP on a new phone, you will receive a six-digit verification code via SMS to verify your phone, and then your Maybank APP will be tied to that phone. In the future, only the phone that is already tied will receive the Secure2u pop-up every time you make a transaction.
Even if a stranger knows your Maybank2u password, he or she will not receive Secure2u as long as it does not pass the binding, which is more secure than SMS TAC alone.
The second advantage of Secure2u is that you don’t have to wait for SMS TAC. Sometimes the line is not good, or the telecom company’s system is not working, then the user can not receive SMS TAC, Secure2u does not have this trouble, as long as your network is good, then you can definitely receive the Secure2u authentication pop-up.
For Maybank users who have not yet enabled Secure2u, you can open the new Maybank APP and click on Secure2u at the bottom of the login page, then follow the instructions to register.
