EDP/EDP+

EDP/EDP+ are two new e-payment solutions which can be used to make deferred payments in place of cheques and cashier’s orders. It allows a payer (sender) to issue deferred payments, which are processed only when the payee (receiver) presents them online, just like how cheques are presented in person at branches.

It is a new addition to current digital payments such as PayNow, FAST, GIRO and MEPS+.

EDP/EDP+ service is available on Maybank2E.

The key difference between EDP/EDP+ lies in when funds are deducted from the payer's account:

• EDP: Funds are deducted from the payer's account only when payee presents the EDP.
• EDP+: Funds are deducted immediately from the payer's account upon issuance of the EDP+. This reduces the risk of non-payment due to insufficient funds in the payer's account

Select the option that best fits your payment needs, for use cases such as below:

• Making payments to other companies or suppliers
• Deposit for project tenders
• Deposit for property purchases

Please note on the below key dates for the discontinuation of corporate cheques:

From 1 January 2026: All banks will stop issuing new SGD corporate cheque books

• Corporates can no longer request for new corporate cheque books after 31 December 2025

From 1 January 2027: All banks will stop processing SGD corporate cheques

• Corporate issuing SGD corporate cheque to their payee will no longer be accepted and processed by banks
• Corporate receiving SGD corporate cheque from their payer will no longer be accepted and processed by banks

The other digital payment services such as PayNow, FAST, GIRO and MEPS+ will continue to be available for your convenience. With the addition of EDP/EDP+, we aim to better serve you and your business' growing banking needs.

EDP/EDP+ is available to all uses of Maybank2E.

If you have setup Maybank2E, refer to the step-by-step guide below.

If you have yet to setup Maybank2E, refer to this page here.

Issue EDP/EDP+ for payment

Step 1: Login to Maybank2E to initiate EDP/EDP+ Issuance under Cash > Payment:

• Select “Domestic Payment (SG)” under product and select debiting account
• Input transfer details – select either EDP or EDP+ as payment mode, amount, issue date and effective date of payment
• Input payee identifier – Bank account number or PayNow ID
• Input payment reference for easier reconciliation by payee
• Submit issuance request for approval

Step 2: Receive email notification for successful/unsuccessful issuance after request is sent and processed by the bank

Receive EDP/EDP+ for presentment

Step 1: Receive an email notification on incoming EDP/EDP+

Step 2: Login to Maybank2E to initiate EDP/EDP+ Presentment under Cash > Electronic Deferred Payment (EDP) > EDP/EDP+ Presentment and Cancellation (As Payee):

• Select EDP Type and crediting account which the incoming EDP/EDP+ is sent to
• Select Issue date range of EDP/EDP+
• Select EDP/EDP+ to present (EDP/EDP+ can only be present on or after it’s effective date)
• Submit presentment request to bank

Step 3: Receive email notification for successful/unsuccessful presentment after request is sent and processed by the bank

Please maintain a sufficient balance in your account from the effective date until the EDP is presented to avoid unsuccessful presentment.

By accessing or using the EDP service, you acknowledge and agree to be bound by the terms and conditions governing EDP services.

• EDP & EDP+ are available to customers of the participating banks:
  • Maybank Singapore Limited & Malayan Banking Berhad
  • DBS
  • Citibank
  • DBS
  • HSBC
  • OCBC
  • Standard Chartered
  • UOB
• EDP/EDP+ FAQ
• Terms and Conditions Governing EDP/EDP+