Visa Prepaid Card

MAB’s Multi-Currency World Travel Money Card

The MAB’s Multi-Currency World Travel Card is a MAB-branded VISA Prepaid card that allows you to purchase goods and services, in three different currency (SGD, USD, EURO). MAB VISA prepaid card will let you enjoy the wonders of global shopping, online shopping and other services with a lot of Visa privileges. Multi-Currency World Travel Money Card is the perfect travelling partner, whether you’re off on a short holiday or leaving for the adventure of a lifetime!

Way to TOP UP your MAB Visa Prepaid Card

• Fill to Top Up at nearest MAB Branches.
• Top Up easily from your MAB MOBILE BANKING/Internet Banking (very soon)
• Fill MAB standing instruction Form Link with saving, current & foreign account.

COMING SOON: way to top up with MAB INTERNET BANKING.

Eligibility

Minimum Age	18 years and above
Nationality	Myanmar citizens and foreigners
Required Documents	NRC (or) Passport
Required Documents	Email Address

Card Benefits

3 wallets (USD, SGD, EUR)
Secured
iBanking (quick and easy 24×7 online accesses to your prepaid card account).
MAB Special Discount, Deals and Privileges
ATM, POS & E commerce
Easy to Top Up
No monthly fees & annual fees
MAB Prepaid Card Manual (iBanking)
Authorization Form
Top Up with MAB Mobile

FEATURES

• Contactless Feature
• Worldwide usage. (Estimated 50 million merchants around the world accept the Visa Card.)
• Secured by EMV chip.
• Online Payment.

Fees & Charges

Card Fee	10,000 MMK
Pin Replacement Fee	5,000 MMK
Replacement Card	10,000 MMK
Statement copy at branches	3,000 MMK
ATM Cash Withdrawal Fee	Own ATM - Free
	Other local banks ATM - USD 3/ SGD 4/ EUR 3 + other local banks charges per transaction
	Overseas banks ATM - USD 3/ SGD 4/ EUR 3+ overseas banks charges per transaction
ATM Balance Inquiry	Own ATM - Free
	Other local banks ATM - USD 1/ SGD 1/ EUR 1+ other local banks charges
	Overseas banks ATM - USD 1/ SGD 1/ EUR 1 + other overseas bank charges
Reload Fee (MMK Rate)	Nil
Reload with USD
USD 500 <	3%
USD 500 >	Nil
Initial Load Amount	USD 10
Card To Card Transfer Service
	The customer needs to visit the bank to transfer.
USD 500 <	USD 5
USD 500 >	USD 10
Limitation
Maximum Spend Limitation	USD 2,500 per month (or) Equivalent Amount
Maximum Amount In Card	USD 2,500 (or) Equivalent Amount
Maximum Cash Withdrawal Limit from ATM	USD 100 per day or Equivalent Amount
Cross Border Service Fees	Subject to Market Rate

Procedure for applying Visa Prepaid Card

1. Visit nearest branches to get the application form.

2. Fill in the Form

3. Attached with required documents.

Required Documents

NRC copy (Front and Back) (or) Passport Copy (Front and Black) (and) an email address to apply the Visa Prepaid Card.

(Customers may need to bring all the original documents while visiting to the bank.)

4. Yangon branches (Customers may need to wait 3 days to get the card)

5. Other cities branches (Customers may need to wait 1 week to get the card)

6. Please kindly collect the card personally at the bank and bring the original NRC.

7. Please don’t forget to check the email regularly not to miss the benefits of cards, deals, promotions, payment dates and other required information.

1. What are contactless payments?

Contactless payments use short-range wireless technology to make secure payments between a contactless card or payment-enabled device and a contactless-enabled checkout terminal. When you tap your card or device near the Contactless Symbol, your payment is sent for authorization.

2. What’s so great about contactless payments?

Contactless payments are fast, convenient, secure and innovative which makes them ideal for places like fast food restaurants, grocery stores, taxi cabs and more.

3. What kind of currencies can I reload to my MAB Visa prepaid card?

MAB Visa prepaid card is now available for 3 currency options (USD, SGD, EURO)

4. How do I know the balances on my Visa prepaid card?

You can check your balance at the nearest MAB ATM and from your MAB i-banking.

5. How do the currencies (USD, SGD, EURO) work for MAB Visa prepaid card?

Scenario (1)

Have all of three wallets (USD, SGD, EURO)
If customer has all multi currency which are USD, SGD and Euro in his Visa Prepaid Card, and make a transaction in USD, and transaction will only debit your USD wallet. If your USD wallet has sufficient balance, the transaction will be successful. And, if your USD wallet does not have sufficient balance, even if your other wallets have balance, transaction will be declined. Therefore, cardholders have to top up sufficient amount in their respective wallets if they know the destination currency.

For examples:
If you are in USA and make a transaction in USD, transaction will only debit your USD wallet. If your USD wallet has sufficient balance, the transaction will be successful. And, if your USD wallet does not have sufficient balance, even if your other wallets (SGD, EUR) have balance, transaction will be declined.

If you are in Singapore and make a transaction SGD dollar, transaction will only debit your SGD wallet. If your SGD wallet has sufficient balance, the transaction will be successful. And, if your SGD wallet does not have sufficient balance, even if your other wallets (USD, EUR) have balance, transaction will be declined.

If you are in Europe and make a transaction in EURO, transaction will only debit your EUR wallet. If your EUR wallet has sufficient balance, the transaction will be successful. And, if your EUR wallet does not have sufficient balance, even if your other wallets (USD, SGD) have balance, transaction will be declined.

Scenario (2)

Have duel wallets.
1. Cardholder has both SGD wallet and USD wallet
2. Cardholder has both EUR wallet and USD wallet
3. Cardholder has both SGD wallet and EUR wallet
1. If the customer has both SGD and USD wallet and goes to Singapore, the transaction will debit to your SGD wallet. If your SGD wallet has sufficient balance, the transaction will be successful. And, if your SGD wallet does not have sufficient balance, even if your other wallet USD has balance, transaction will be declined. If the customer goes to USA or countries using other third currencies (ie: Baht, Peso, Dong, JPY), the transaction will debit to his USD wallet. If your USD wallet has sufficient balance, the transaction will be successful. And, if your USD wallet does not have sufficient balance, even if your other wallet SGD has balance, transaction will be declined.

2. If the customer has both EUR and USD wallet and goes to Europe, the transaction will debit to your EUR wallet. If your EUR wallet has sufficient balance, the transaction will be successful. And, if your EUR wallet does not have sufficient balance, even if your other wallet USD has balance, transaction will be declined. If the customer goes to USA or countries using other third currencies (ie: Baht, Peso, Dong, JPY), the transaction will debit to his USD wallet.

If your USD wallet has sufficient balance, the transaction will be successful. And, if your USD wallet does not have sufficient balance, even if your other wallet EUR has balance, transaction will be declined.

3. If the customer has both SGD and EUR wallet and goes to Singapore, the transaction will debit to your SGD wallet. If your SGD wallet has sufficient balance, the transaction will be successful. And, if your SGD wallet does not have sufficient balance, even if your other wallet EUR has balance, transaction will be declined. If the customer has both SGD and EUR wallet and goes to Europe, the transaction will debit to your EUR wallet. If your EUR wallet has sufficient balance, the transaction will be successful. And, if your EUR wallet does not have sufficient balance, even if your other wallet SGD has balance, transaction will be declined. If the customer goes to USA or countries using other third currencies (ie: Baht, Peso, Dong, JPY), the transaction will debit to his firstly opened wallet. For example: among these 2 wallets, customer firstly opened SGD wallet, the transaction will be debit to your SGD wallet. If your SGD wallet has sufficient balance, the transaction will be successful. And, if your SGD wallet does not have sufficient balance, even if your other wallet EUR has balance, transaction will be declined.

Scenario (3)

Have single wallet,
Only USD wallet (or) only SGD wallet (or) EUR wallet
The customer may use whichever his preferable one wallet only at any countries. If the wallet does not have sufficient balance, the transaction will be declined.

6. What’re the differences between existing Visa prepaid cards and new Visa prepaid cards?

Existing prepaid card	New prepaid card
No Contactless Payment	Contactless Payment
Prepaid Member Portal	MAB I-Banking

Remarks: Cardholders who don’t have MAB I-banking, need to apply to view the transactions.

7. Where can I check my transaction, card lock etc. for my prepaid card?

You may check your transaction, card lock etc. on MAB i-banking.

8. Where can I apply my Visa prepaid card?

You can apply at any of your any preferred MAB branches.

9. Right after I received Visa prepaid card, can I use it right away?

Yes, once you have received your Visa prepaid card you may start using it. But please activate first at any MAB branches before you start using it.

10. Do I need to activate and/or register my card before using it?

Yes, you will need to activate your MAB prepaid card at the branch.

11. Which documents shall I bring along when I come and collect my Visa Prepaid Card?

Please bring your NRC original when you come and collect your Visa Prepaid Card.

12. Are there any changes for MAB prepaid card fees and charges?

Yes, there are. We subscribe our MAB prepaid card details fees and charges on MAB website.

13. What’s the exchange rate when I go and spend in other countries?What’s the exchange rate when I go and spend in other countries?

The exchange rate is determined by Visa/MasterCard. Please note that there’s cross border services fees (it is subjected to Market Rate).

14. Are there any extra fees and charges for swiping at abroad POS terminals for MAB Visa/MasterCard prepaid card?

There will be cross-border service fees (it is subjected to Market Rate) and other overseas bank charges.

15. What if the old prepaid card is already terminated, and the customer never come and pick up the new card too within the instructed period, so how’s about the balances in old prepaid card?

The balances from old prepaid card will be transferred to the new prepaid card by 3rd November 2019 and you’ll be informed to collect the new prepaid card as the old prepaid card will be terminated on 31st October or please visit MAB branches to request the new prepaid card.