The Max subscription package gets customers access to priority banking and service benefits. Here’s what comes with Max.
Zero Fees : Free remittances | Free Global ATM withdrawals | First year free on your new Cashback+ Credit Card | No processing fee on Personal Loans
Boost on interest rates : Higher interest on Goal Accounts | Additional 1% on Money Ahead Deposits
Better Service : Priority support on chats and calls
Important information on your Max subscription
- Opt-in : Customer will be eligible for benefits of Max only after subscribing on the Liv X app. Customer will be charged subscription fees at time of opting in for Max.
- Opt-Out : At time of opting out of Max, all benefits associated with the subscription will stop.
- Waiver : If the waiver criteria is met in one month, the subscription fees for the following month will be waived.
- Segment rules : If a customer subscribes to be a part of the Max segment, they will not be eligible for Bonus Multiplier payouts.
Goal Account interest rules
Goal Accounts | |||
---|---|---|---|
Slabs (AED) | Classic (p.a) | Max (p.a) | Max users who transfer their salary to Liv (p.a) |
0-500K | 0.5% | 3.5% | 4% |
500K+ | 0.5% | 0.5% | 1% |
2 or 3 interest entries in total depending on if customer has a salary transfer | |||
Customer will be eligible for additional interest for the days that they are part of the Max segment. | |||
- Base interest rate on Goal Accounts will be credited at the 1st of every month - Additional interest for Max users will be credited by 10th of every month - If a Max subscriber transfers their salary into Liv, they will be eligible for and additional 0.5% p.a extra interest on their Goal Accounts. This will be credited by the 12th of every month. |
Money Ahead Deposit interest rules
Fixed Deposit | Standard (p.a) | Interest rates for Max users (p.a) | Interest rates for Max users who transfer their salary into Liv (p.a) |
---|---|---|---|
1 month | 2.10% | 2.10% | 2.10% |
2 months | 2.10% | 2.10% | 2.10% |
3 months | 2.20% | 2.20% | 2.20% |
4 months | 2.20% | 2.20% | 2.20% |
6 months | 2.30% | 3.30% (base interest plus 1%) | 3.80% (3% plus 1% plus 0.5%) |
12 months | 2.50% | 3.50% (base interest plus 1%) | 4.00% (3% plus 1% plus 0.5%) |
- All Max customers at time of Fixed Deposit creation will be eligible for an additional interest on 6 and 12 month tenures - Rack rates and additional interest for Max subscribers will be credited upfront at time - For salary transfer customers, additional 0.5% p.a interest will be credited upfront at time of Fixed Deposit creation. Salary of minimum 5000 should come into the subscriber’s account before FD creation |
Fee rules
Fee waiver on Cashback+ Credit Card | First year is free for all Max customers Charge of AED 735 will be reversed within 2 weeks of card approval |
Free International transfers (India, Pakistan, Sri Lanka, Philippines, UK) | Max subscribers will not be charged when they make Direct Remit transactions via the LivX app |
Free International ATM withdrawals | Customers will get reversals on 1 transaction per month. Reversals will be done by the 12th of every month |
Free UAE non-Emirates NBD/Emirates Islamic Withdrawals | Customers will get reversals on 2 transaction per month. Reversals will be done by the 12th of every month |
Zero processing fees on Personal Loan | Max subscribers will get charged and reversed on their Charged and reversed within 30 days of PL approval |
Free Cheque book | First cheque book is free for Max subscribers. |