MaxMoney Terms & Conditions

Date: 03 December 2024

The terms and conditions will govern the terms under which you may access the web-site and the service provided by it. By accessing and using this service you are agreeing to the terms and conditions, i.e. the agreement between you and the remittance provider. The act of registration and use of the remittance facility provided mean that you agree to accept and be bound by this agreement.

Definitions in this Terms and Conditions Registered User A visitor who has registered himself on the website or in any of our service provider branches irrespective of whether he has used or not used the products offered by the service will be termed as a registered user. The act of registration and the use of the remittance facility mean that the registered customer accepts and is bound by this agreement. Service Provider The word "service provider" refers to MaxMoney, in Malaysia Beneficiary The word "beneficiary” refers to the person that the registered user designates to receive the funds from the Transaction/ Instruction. Transaction/ Instruction Instruction/ transaction refer to the payment of funds that the registered user request for and authorize through the online platform to process and deliver to the beneficiary.

MaxMoney.com is an online money exchange and transfer service. MaxMoney.com is the online portal providing registered users an online money transfer platform & records remittance requests. MaxMoney.com will disburse the amount to a bank or agent locations as instructed by the registered user using international banking channels and money2anywhere correspondent banking network. This web-based service is brought to you by: MaxMoney in the Malaysia User In order to access and use this web-site and avail of any facility provided, you must be an individual of at-least 18 years of age who can enter into legally binding contracts under applicable law. You must have a valid postal address and e-mail address. You acknowledge that by initiating a Transaction, you are requesting MaxMoney.com the web-based remittance facility to process your Transaction, an offer which the service provider may accept or reject at its sole discretion.

Activation for Registration The Registration with MaxMoney.com can only be activated based on compliance and KYC norms of the country from where you are remitting funds. Customer Number and Password On registration a unique 16 digit customer number will be emailed to the registered user on the email address provided at the time of registration. The registered user will have to use this customer number to log in to the web-site and for all future transactions. Registered user must store the customer number safely to make future transactions. The Registered User will be responsible for maintaining the secrecy and confidentiality of customer number and password.

Registered user is fully responsible and liable for all transactions and activities that occur under the customer number and password including any unauthorized use or misuse of the customer number and/or Password, MaxMoney.com shall have no obligation to verify the authenticity of any such transaction or activity. In consideration of MaxMoney.com agreeing to provide the facilities as per the Terms and Conditions, the Registered User hereby agrees unconditionally to indemnify MaxMoney.com and hold MaxMoney.com harmless against any liability, costs, damages, claims, suits, and proceedings based upon or relating to such unauthorized access and use. The Registered User agrees to log out from his or her account at the end of each session.

The Registered user will immediately notify MaxMoney.com via e-mail at hello@maxmoney.com for transfers from Malaysia or by registered post to the below mentioned address for Malaysia:- MaxMoney Sdn Bhd, 20th floor, Plaza See Hoy Chan, Jalan Raja Chulan, Kuala Lumpur, Malaysia, If the Registered User forgets his /her customer number, the service provider, subject to verification and to MaxMoney.com's satisfaction as to the Registered User's identity, either send the Registered User the prevailing registered customer number by email on the mail address provided by the registered user at the time of registration.

Money Transfer is a web based electronic process for fund transfers from registered user's bank account to the beneficiaries account or agent locations as mentioned by the registered user. Registered user will be able to post his/her remittance instructions on the website itself and make funding for that remittance through the internet banking facility/wire transfer using local bank account or through his credit/debit card. In case the registered user is using internet banking facility/wire transfer using local bank account, the transfer will have to be made to the bank account of our service provider.

The transaction will be processed only after MaxMoney.com receives money into the designated bank account mentioned on the web-site during the transaction. The Process for Completing the transaction is as follows. Registration of the customer Registration approval subject to KYC and compliance rules Filling up account details of the customer and his beneficiary Booking the transaction Important Notice : Our system verifies your card against your identity and if it does not match your identity, your order will not be processed to protect you from fraud. This is done to ensure that we do not process a transaction not initiated by you.

Note: We do not accept third party payments while making a card payment on the site, MaxMoney.com reserves the right not to process your transaction in case of payments through cards using a third party other than you. MaxMoney.com is available only for resident Malaysians who are physically present in Malaysia at the time of executing the transaction.

Important notice for customers using net banking to fund our account Please use your internet banking account to fund your transaction. Use your own account for funding the transaction. Note: We do not accept payments made through third party accounts via net banking. Using third party accounts will result in your transaction being not processed to protect you from fraud. Registration Information Limited Access will be given to non-registered users. Only registered users will have full access to the site.

The registered user agrees to provide true, accurate, complete and current information as given in the registration form on the website and update this information from time to time to keep it updated, complete, accurate and true. If it comes to the knowledge of MaxMoney.com that the details provided by the user is untrue, inaccurate, not up to date or incomplete or if there is any incongruity, MaxMoney reserves the right to cancel the registration or any pending transactions.

MaxMoney reserves the right to request at any time additional documents from the registered user. All services availed of through the web-site, whether registered online or offline shall be governed by the terms and conditions applicable to MaxMoney as appearing on the web-site of MaxMoney.com. MaxMoney reserves the right to change the terms, conditions and notices applicable to the use of the site and reserves the right to modify any features of any products or services& information offered by the site.

You are responsible for regularly reviewing these terms and conditions. Continued use of the site after any such changes shall constitute your consent to such changes. Personal Information The registered user authorizes MaxMoney to use the service of third parties to verify the registered user's identity details/ credit history at the time/ prior/ or subsequent to the registration and obtain reports relating to the registered user. Payments MaxMoney does not control and is not responsible in any manner for any fees or charges that may be imposed by your financial institution(s) associated with your Payment Source. In particular, your local bank may charge fees for using the internet banking service/ wire transfer for transferring funds to the service provider's account depending on the payments options chosen by you.

Some credit card issuers may treat the use of your credit card to use the Service as a "cash advance" rather than a purchase transaction and may impose additional fees and interest rates for the transaction. MaxMoney is in no way responsible or would bear these charges, if any, applied to the registered user by these services. Delivery of Funds are delivered to the Beneficiary in the manner that the registered user specifies from the list of available delivery options which vary by Destination Country, but generally include disbursement by (i) Cash Pick up- Xpress money, (ii) Account Credits- Bank Deposits.

The registered user cannot change the Delivery Option after he completes his transaction online. For cash pick up as a delivery option, funds shall not be disbursed to a recipient unless he or she presents specified information to verify his or her identity. Delivery Time is subject to AML compliance checks. MaxMoney will execute the transaction only after receiving credit to its service provider's bank account on the instruction/ transaction made by the registered user. Foreign Exchange rate The Foreign Exchange Rate applied on the transaction will the prevailing rate on the day when the transaction is initiated. The Foreign Exchange Rate applied on the transaction will be the rate displayed on the transaction confirmation page on MaxMoney.com.

Foreign Exchange Rates are highly volatile and is subject to change. Amendments in Transaction Cancelling Payments The registered user cannot cancel or amend any instructions once provided, except as specifically detailed on the Website. Additionally, when the registered user places a request to cancel an instruction or a transaction that has been authorized by the registered user, such cancellation is not guaranteed by MaxMoney. Such instruction or transaction will only be cancelled if the registered user's request for cancellation is received and acted upon before the instruction or transaction has been executed by MaxMoney. All online and counter rates shown are subject to change without prior notice.

For placing a cancellation request the registered customer can call us at +6018 371 8000 for remittances from Malaysia or through email. The registered user can email the cancellation request to hello@maxmoney.com for remittances from Malaysia. Through web, Customer can login to MaxMoney.com web application and cancel the order. MaxMoney reserves the right to cancel the transaction, if the transaction request has not been executed by MaxMoney. Other terms of the Service MaxMoney may, in its sole discretion, refuse any transaction or limit the amount to be transferred, either on a per transaction basis or on an aggregated basis.

MaxMoney reserves the right at any time, modify or discontinue the Service (or any part thereof) with or without notice. MaxMoney in its sole discretion may modify this agreement from time to time without any prior notice, unless otherwise specified by MaxMoney, all changes shall take effect automatically and become part of this agreement and be binding on you beginning on the day they are posted on the web-site. Registered user's use of the service shall not violate this T&C or any rules and regulations, including but not limited to rules and regulations relating to money laundering, illegal gambling activities, fraud, or funding of terrorist organizations.

For Third Party facilities, MaxMoney may use the service of third parties and makes no warranty on behalf of such third parties. MaxMoney will not be liable for any loss or damage of any sort incurred of transactions or dealings between registered users and such third party providers. Personal Information By continuing on this website you authorize the corporation and its authorized representatives and agents to capture your IP address which may be used to establish your identity. You understand that your personal details including IP address may be transmitted through a 3rd party system for the purpose of verification and may be shared with any law enforcement agency or any regulating agency.

The registered user agrees that MaxMoney might contact the registered user either through phone, email or other means of communication to explain about the product, or to ask information to confirm to statutory or legal requirements.

1. This agreement is between Customer (hereinafter referred either as "Customer","you" or "your") and MaxMoney Malaysia Sdn Bhd (hereinafter referred either as "we", "us", "our", "MaxMoney", or "MaxMoney.com" as the case may be).
2. Our agreement with you is that we will take reasonable care to provide the money services. As such, we agree to provide you with the money transfer services including person to bank transfers and, person to person transfers. We agree to provide you with online money exchange service with delivery option.
3. The Customer performing the transaction accepts the Terms & Conditions set out herein and as amended from time to time.
4. MaxMoney Malaysia is free to use service/s of intermediary banks/financial service institutions/other money service businesses in any country of its choice for execution of money transfer.
5. Money Transfer Service fees (Transfer Fees) as displayed on the confirmation page shall be charged to the Customer for each transfer made by the Customer. Transfer Fees to each location and for each currency may vary. Transfer Fees may change from time to time and without advance notice. Changes will be displayed in our each participating branch and you shall be notified of the Transfer Fee prior to each Transaction. Intermediary / correspondent /collection charges as applicable in some countries will be deducted at paying end.
6. We may, in our sole discretion, refuse any Transaction or limit the amount to be transferred. These limits imposed are done at our sole discretion and may be changed from time to time. We may also refuse to send money or allow to be paid at the destination or receiving end if we believe that:
• by doing so we might break any law, regulation, code or other duty and responsibility that applies to us;
• by doing so may expose us to action from any government or regulator; or
• it may be linked with fraudulent or illegal activity.
7. Unless the law prevents us, we may (at our sole discretion) inform the Customer reasons for our refusal and how Customer can rectify any errors in money transfer instructions given.
8. We act only as a money transmitter and accept no responsibility or liability arising from transactions between the sender and any third parties. (In particular we accept no responsibility or liability for any goods or services including quality and delivery of them, which are paid for by money transfer). You are cautioned to sending money to any person whom you do not know.
9. We have no obligation to you to initiate or perform a Money Transfer Service if: a. we are unable to obtain satisfactory evidence of your identity; b. we have reason to believe that the details provided by you is incomplete, incorrect,unauthorized or forged; c. We fail to obtain payment (i.e. the amount to be transferred plus the applicable fees) for the transaction from you; and we do not accept any liability for damages resulting from non-payment or delay in payment of a money transfer to a recipient or failure to perform a transaction by reason of any of these matters.
10. If you want your transaction processed on the same day, you need to submit the details and make payments for the transaction on or before 5PM Malaysian Time (Monday to Friday). Those that are received after cut-off time will be processed on the following business day only.
11. In order to collect the money and complete a transaction, the reference number(PIN Number) and identification will have to be provided for cash pickup transactions.
12. Customer should not disclose the reference number(PIN Number), value of transfer or other information about the transfer to any other person other than the intended recipient.
13. In case of bank transfer, we will transfer money to the beneficiary's bank account specified by the Customer. The recipient bank may apply its own charges which do not involve us.
14. If we fail to complete your Transaction within reasonable period as applicable in the circumstances, you will be entitled to a refund of the transfer amount of your Transaction and your transfer fee unless we can show that the bank or the payout location received the money or that there was a mistake in the recipient's details provided to us by you. In case of refunds, we will promptly refund the transfer amount and the transfer fee.
15. In no event shall we be liable for damages for delay, non-delivery, non-payment, under-payment, or without limitation any other event relating to your Transaction, whether due to the fault, error or omission on our part, for more than the principal amount of your Transaction and the Transfer Fee.
16. In no circumstances shall we be responsible for any losses or damages which are not foreseeable consequences of a breach of these terms and conditions or any failure to complete Transactions either within a reasonable time or at any time.
17. We do not accept the responsibility for any failure to perform your instructions as a result of circumstances which could reasonably be considered to be outside our reasonable control.
18. You must inform us immediately if you think that a transfer was not made properly or never arrived. We will not refund the money to you if there is undue delay in informing us of the problem and in any event if not informed within 13 months from the date of sending the money.
19. We will not be liable to the Customer for any incidental, indirect, special or consequential losses or costs or damages or for business losses (such as loss to business profits or opportunities)suffered by the Customer.
20. Customer do not have right to cancel the transfer once the transaction is processed and receipt is given to the Customer. Nevertheless if requested by the Customer, we may at our sole discretion, cancel the transfer before it is paid out to the intended recipient. If Customer wishes to cancel a money transfer and request a refund of the transfer amount, the Customer must request us in writing along with a copy of the money transfer receipt provided to the Customer. No cancellation or refunds if the money has been credited to the beneficiary's bank account
21. It is understood by the Customer that all such cancellation request shall be subject to the rules governing cancellations (including cancellation charges) of the intermediary banks/financial service institutions/other money service businesses who makes the payout to the intended recipient.
22. Amount of refund upon cancellation will be after deducting our cancellation charges and cancellation or back end charges of correspondent bank / financial institution /intermediary.
23. The money transfer will be subject to laws related to monetary transactions in the Malaysia/Intermediary/Destination countries and may be blocked / frozen in case found suspicious. The Customer and the recipient will be fully responsible to provide necessary evidence /clarification to prove legality of entities / funds.
24. Applicable laws prohibit money transmitters from conducting business with certain individuals and countries. In order to comply, MaxMoney is required to screen all transfers against a list of names provided by various governments and/or government agencies. If a potential match is found, we will suspend the transfer and request additional information on either the sender or receiver, as necessary.
25. We will not be liable if we break this agreement because of abnormal and unforeseeable circumstances outside our control where we could not avoid breaking this agreement despite all efforts to the contrary which may include, for example, strikes, industrial action, problems with another system or network, mechanical breakdown, data processing failures, English or European Community Law, government or government agency policy or other Force Majeure including, without limitation, Act of God, strikes, industrial action equipment failure or interruption of power supplies provided that MaxMoney shall endeavor to give notice to its customers of any anticipated delays by notice in its branches.
26. Nothing in this agreement limits our liability for acting fraudulently or very carelessly and otherwise excludes or limits our liability to the extent that we are able to exclude or limit by law.
27. We will report money transfers to any government authorities if we are required to do so by law.
28. You expressly understand and agree that the service is provided on an "as-is" and "as available" basis. (a) MaxMoney expressly disclaim all warranties of any kind, whether express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement; (b) MaxMoney make no warranty that (i) the service will meet your requirements, (ii) the service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the service will be accurate or reliable, (iv) the quality of any products, services, information, or other material obtained by you through the service will meet your expectations, and (c) the use of the service is done at your own discretion and risk and (d) no advice or information, whether oral or written, obtained by you from MaxMoney Malaysia or through or from the service shall create any warranty not expressly stated in this agreement.
29. Malaysian law applies to this agreement and we will communicate with Customer in English. Malaysian courts shall have exclusive jurisdiction on all matters related to the Service and this agreement.
30. The customer understands and consents that the personal information of the customer and recipient, and the details of the transaction may be stored in our database, and shared with our group companies and other intermediaries in the course of processing the transaction. Customer must have recipient's consent to share his/her personal information with us.. Further, we may use customer and recipient personal information to provide information of our other products and services and for market research.
31. Customer may request access to his/her personal information, ask for the information to be corrected or updated or, for legitimate reasons, oppose its processing, by writing or emailing to us.
32. We maintain records of your transaction history to the extent required under applicable law. Records will be updated on a continuing basis as Transactions are made and received.
33. We are committed to provide Customer with best service at all times. In the unlikely event that the customer is dissatisfied with our service, please write or email us, MaxMoney Sdn. Bhd., Level 33A-5, Q Sentral, SkyGarden, High Zone West, Jalan Stesen Sentral 2, 50470 Kuala Lumpur. MY. Tel: +6018 371 8000 and our email address is hello@maxmoney.com
34. We will deal with Customer complaint promptly and fairly. In case we need more time to resolve the complaint, we will send an acknowledgement to the Customer within 5 working days and send a final response within 8 weeks of receipt of complaint.
35. We are also agents / clients of other money transfer service providers and making available these services to customers as their agents / Clients under their business terms and conditions. If a Customer avails service of those companies through us, the terms and conditions of those companies shall also be applicable for the transfer. Please ask our staff at the branch for details.
36. You agree to indemnify and hold us and our respective affiliates, subsidiaries, officers, agents, co-branders and other partners, directors, and employees, harmless from any claim or demand, including reasonable lawyers and legal fees, made by any third party due to or arising out of your use of this service, your connection to the Service, your violation of the terms of this agreement, or your violation of any rights of another.
37. Nothing contained in this Agreement is intended to confer nor shall confer upon any person,other than the parties hereto, any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement or any benefits or remedies of any kind or character whatsoever, and no such person shall be deemed a third-party beneficiary under or by reason of this Agreement.

The terms and conditions will govern the terms under which you may access the web-site and the service provided by it. By accessing and using this service you are agreeing to the terms and conditions, i.e. the agreement between you and the remittance provider. The act of registration and use of the remittance facility provided mean that you agree to accept and be bound by this agreement.

The definition of a "Registered User" in this Terms and Conditions is a visitor who has registered himself on the website (MaxMoney.com) or in any of our service provider branches irrespective of whether he has used or not used the products offered by the service will be termed as a registered user.

The act of registration and the use of the remittance facility mean that the registered customer accepts and is bound by this agreement. Service Provider The word "service provider" refers to MaxMoney, in Malaysia Beneficiary The word "beneficiary” refers to the person that the registered user designates to receive the funds from the Transaction/ Instruction.

Transaction/ Instruction refers to the payment of funds that the registered user's request for and authorize through the online platform to process and deliver to the beneficiary. MaxMoney.com is the online web-based service on which the registered user may request the delivery of the money transfer to the beneficiary. MaxMoney.com is the online portal providing registered users an online money transfer platform & records remittance requests.

MaxMoney will disburse the amount to a bank or agent locations as instructed by the registered user using international banking channels and other correspondent money service network.

You must have a valid postal address and e-mail address. You acknowledge that by initiating a Transaction, you are requesting MaxMoney.com, the web-based remittance facility to process your Transaction, an offer which the service provider may accept or reject at its sole discretion. Activation for Registration can only be activated based on compliance and KYC norms of the country from where you are remitting funds.

Upon registration, a unique temporary password will be emailed to the registered user's the email address provided at the time of registration.

The Registered User will be responsible for maintaining the secrecy and confidentiality of the customer's login credentials. Registered user is fully responsible and liable for all transactions and activities that occur under the customer's account including any unauthorized use or misuse of the customer's account, MaxMoney.com shall have no obligation to verify the authenticity of any such transaction or activity.

In consideration of MaxMoney.com agreeing to provide the facilities as per the Terms and Conditions, the Registered User hereby agrees unconditionally to indemnify MaxMoney and hold MaxMoney harmless against any liability, costs, damages, claims, suits, and proceedings based upon or relating to such unauthorized access and use.

The Registered User agrees to log out from his or her account at the end of each session. Incase the login credentials are compromised, the Registered user will immediately notify MaxMoney via e-mail at hello@maxmoney.com and/or reset your password at MaxMoney.com.

MaxMoney.com is a web based electronic process for fund transfers from registered user's bank account to the beneficiaries account or agent locations as mentioned by the registered user. Registered user will be able to post his/her remittance instructions on the website itself and make funding for that remittance through the internet banking facility/wire transfer using local bank account or through debit card.

In case the registered user is using internet banking facility/wire transfer using local bank account, the transfer will have to be made to the bank account of our service provider. The transaction will be processed only after MaxMoney receives money into the designated bank account mentioned on the web-site during the transaction.

The Process for Completing the transaction is as follows. Registration of the customer Registration approval subject to KYC and compliance rules Filling up account details of the customer and his beneficiary Booking the transaction Important Notice : Our system verifies your card against your identity and if it does not match your identity, your order will not be processed to protect you from fraud.

This is done to ensure that we do not process a transaction not initiated by you. Note: We do not accept third party payments while making a card payment on the site, MaxMoney reserves the right not to process your transaction in case of payments through cards using a third party other than you. MaxMoney.com is available only for residents of Malaysian who are physically present in Malaysia at the time of executing the transaction. Important notice for customers using net banking to fund our account Please use your internet banking account to fund your transaction.

Use your own account for funding the transaction. Note: We do not accept payments made through third party accounts via net banking. Using third party accounts will result in your transaction being not processed to protect you from fraud. Registration Information Limited Access will be given to non-registered users. Only registered users will have full access to the site.

The registered user agrees to provide true, accurate, complete and current information as given in the registration form on the website and update this information from time to time to keep it updated, complete, accurate and true. If it comes to the knowledge of MaxMoney that the details provided by the user is untrue, inaccurate, not up to date or incomplete or if there is any incongruity, MaxMoney reserves the right to cancel the registration or any pending transactions.

MaxMoney reserves the right to request at any time additional documents from the registered user. All services availed of through the web-site, whether registered online or offline shall be governed by the terms and conditions applicable to MaxMoney as appearing on the web-site of MaxMoney.com. MaxMoney reserves the right to change the terms, conditions and notices applicable to the use of the site and reserves the right to modify any features of any products or services& information offered by the site. You are responsible for regularly reviewing these terms and conditions.

Continued use of the site after any such changes shall constitute your consent to such changes. Personal Information The registered user authorizes MaxMoney to use the service of third parties to verify the registered user's identity details/ credit history at the time/ prior/ or subsequent to the registration and obtain reports relating to the registered user. Payments MaxMoney does not control and is not responsible in any manner for any fees or charges that may be imposed by your financial institution(s) associated with your Payment Source.

In particular, your local bank may charge fees for using the internet banking service/ wire transfer for transferring funds to the service provider's account depending on the payments options chosen by you.

Some credit card issuers may treat the use of your credit card to use the Service as a "cash advance" rather than a purchase transaction and may impose additional fees and interest rates for the transaction. MaxMoney is in no way responsible or would bear these charges, if any, applied to the registered user by these services.

Delivery of Funds Funds are delivered to the Beneficiary in the manner that the registered user specifies from the list of available delivery options which vary by Destination Country, but generally include disbursement by

• Cash Pick up- Xpress money,
• Account Credits- Bank Deposits.

The registered user cannot change the Delivery Option after he completes his transaction online. For cash pick up as a delivery option, funds shall not be disbursed to a recipient unless he or she presents specified information to verify his or her identity.Delivery Time is subject to AML compliance checks.

MaxMoney will execute the transaction only after receiving credit to its service provider's bank account on the instruction/ transaction made by the registered user. Foreign Exchange rate The Foreign Exchange Rate applied on the transaction will the prevailing rate on the day when the transaction is initiated. The Foreign Exchange Rate applied on the transaction will be the rate displayed on the transaction confirmation page on MaxMoney.com. Foreign Exchange Rates are highly volatile and is subject to change.

Amendments in Transaction Cancelling Payments The registered user cannot cancel or amend any instructions once provided, except as specifically detailed on the Website. Additionally, when the registered user places a request to cancel an instruction or a transaction that has been authorized by the registered user, such cancellation is not guaranteed by MaxMoney. Such instruction or transaction will only be cancelled if the registered user's request for cancellation is received and acted upon before the instruction or transaction has been executed by MaxMoney.

MaxMoney will not be liable for any loss or damage of any sort incurred of transactions or dealings between registered users and such third party providers. Personal Information By continuing on this website you authorize the corporation and its authorized representatives and agents to capture your IP address which may be used to establish your identity.

You understand that your personal details including IP address may be transmitted through a 3rd party system for the purpose of verification and may be shared with any law enforcement agency or any regulating agency. Communication The registered user agrees that MaxMoney might contact the registered user either through phone, email or other means of communication to explain about the product, or to ask information to confirm to statutory or legal requirements.