Oct 26, 2023

Debunk 5 Spooky Money Myths with the help of Maya

Get ready for a Halloween treat like no other!

This spooky season, Maya, the top digital bank in the Philippines, is here to banish your financial fears. We're about to debunk some common money myths that have been haunting your financial decisions. With Maya by your side, you can bid farewell to these misconceptions and take control of your money with ease.
Money Myths Busted with the help of Maya

Myth #1: “Opening an online bank account is tricky and not safe.”

One common myth is that opening an online bank account is complicated and risky. But with Maya, it's as simple as a few clicks. You can open a savings account without any minimum balance requirement and just one valid ID. Rest assured, Maya is not only user-friendly but also regulated by the Bangko Sentral ng Pilipinas. Plus, your deposits are covered by the PDIC up to P500,000, giving you peace of mind as you embark on your online banking journey.

Myth #2: “Your money sleeps in a savings account.”

Another myth is that keeping your money in a savings account means it's just sitting there, doing nothing. Well, think again! With Maya, your money is far from idle. When you save with Maya, you can earn up to 14% p.a. in interest every time you use your account for payments. Your money doesn't sleep; it grows as you spend.

Myth #3: “It's hard to save for big ticket items.”

Saving for big-ticket items may seem overwhelming, but Maya is here to make it a breeze. Whether it's your dream vacation, future home, or any significant purchase, Maya's Personal Goals feature empowers you to save smartly with a fixed 4% p.a. interest rate. Say goodbye to financial barriers and hello to turning your big dreams into reality.

Myth #4: “You need a lot of money to invest.”

Many people believe that investing is only for the wealthy, but that's far from the truth. With Maya Funds, you can start your investment journey with as little as P50. You don't need a fortune to begin building your wealth. Maya is here to help you take those first steps towards a brighter financial future.

Myth #5: “Borrowing money is bad.”

Borrowing money often carries a negative connotation, but not all credit or loan products are cursed. Sometimes, borrowing can be a lifeline when you need to finance a major purchase or handle an unexpected expense without draining your savings. That's where Maya Credit comes in. It offers up to P18,000 cash in an instant, providing the support you need to navigate financial challenges without fear.

So this Halloween, let Maya dispel these money myths that have been haunting your financial journey. It's time to embrace Maya's suite of financial treats and take control of your money management like never before. Get ready for a spook-tacular transformation in your financial life!

Don’t let any money myth spook you again by learning about proper financial management and Maya. Visit maya.ph and mayabank.ph, and follow @mayaiseverything on Facebook, Instagram, YouTube, and TikTok.

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