From 1 July 2024, the charges for cheque usage will be raised for all SGD denominated corporate cheque depositing.
We have prepared a list of Frequently Asked Questions and the new charges for your reference.
Current Account
KICKSTART YOUR BUSINESS WITH THE RIGHT TOOLS
Maybank FlexiBiz Account
(For Maybank Commercial Banking customers only)
Promotions
Bonus Interest for new customers
From now till 30 June 2025, received Bonus Interest on your Maybank SGD Corporate Current Account.
Terms and Conditions apply.
Receive FREE PayNow SGQR labels from us!
Apply for PayNow on SGQR via Business Internet Banking and receive complimentary SGQR labels*!
Terms and Conditions apply.
Benefits
- No monthly fees
- Free access to Business Internet Banking Services 24/7
- Complimentary all-in-one business debit card
- Attractive interest rates of up to 0.038% p.a.
- Instant fund transfer via FAST at only S$0.50 per transaction
Interest Rates
| Account Balance | Interest Rate |
|---|---|
|
First S$50,000 |
0.018% p.a. |
|
Next S$450,000 |
0.028% p.a. |
|
Remaining balance above S$500,000 |
0.038% p.a. |
Rebate Benefits
Transact Digitally, Save More and Save the Environment
By switching to e-payments, not only do you turn your essential transactions into exceptional savings every month, you are also contributing to sustainability through reducing the environmental impact of using physical notes and cheques.
Refer to table for list of eligible rebates.
Tier 1: Required Average Daily Balance (ADB) of S$30,000 to S$99,999
| Eligible Transactions | Rebate Amount |
|---|---|
|
Instant Fund Transfer via FAST |
100% rebate of charges |
|
GIRO Payments |
100% rebate of charges |
|
Automated Salary Payment1 |
100% rebate of charges |
|
Fund Transfer to banks in Malaysia via Maybank Overseas Transfer3 |
25% rebate of charges2 |
|
International Telegraphic Transfer2 |
25% rebate of charges2 |
Tier 2: Required Average Daily Balance (ADB) of S$100,000 to S$499,999
| Eligible Transactions | Rebate Amount |
|---|---|
|
Instant Fund Transfer via FAST |
100% rebate of charges |
|
GIRO Payments |
100% rebate of charges |
|
Automated Salary Payment1 |
100% rebate of charges |
|
Fund Transfer to banks in Malaysia via Maybank Overseas Transfer3 |
50% rebate of charges2 |
|
International Telegraphic Transfer2 |
50% rebate of charges2 |
Tier 3: Required Average Daily Balance (ADB) of S$500,000 and above
| Eligible Transactions | Rebate Amount |
|---|---|
|
Instant Fund Transfer via FAST |
100% rebate of charges |
|
GIRO Payments |
100% rebate of charges |
|
Automated Salary Payment1 |
100% rebate of charges |
|
Fund Transfer to banks in Malaysia via Maybank Overseas Transfer3 |
50% rebate of charges2 |
|
International Telegraphic Transfer2 |
50% rebate of charges2 |
1 Automated Salary Payment refers to Maybank's APS+ payment by Preset Template/File Upload
2 "Contract rates" for foreign exchange transactions for International Transfer initiated on Business Internet Banking are not applicable for the Promotion.
3 Maybank Overseas Transfers to other banks in Malaysia will commence from 7 November 2023.
Eligibility
- Sole proprietors
- Partnerships
- Limited Liability Partnerships (LLP)
- Incorporated Companies
- Charities
- Societies
- Associations
Documents Requirement
- Click here to view the required documents for account opening
Initial Deposit
- S$1,000
Account opening is subject to the Bank's approval.
Fees and Charges
| Description | Fees and Charges |
|---|---|
| Cheque Issuance |
S$0.75 per cheque (from 1 November 2023) |
| Cheque Deposit |
Free (till 30 June 2024) S$0.75 per cheque (from 1 July 2024) |
|
Minimum Balance Fee |
S$10 per month (From 1 February 2022) if the average daily balance falls below S$1,000 |
|
Early Account Closure Fee |
S$50 if account is closed within 6 months of opening |
| Overdraft Accounts Fees |
Excess interest charge 3% p.a. + Prescribed Interest Charge or 5% p.a. + Prime Lending Rate, whichever is higher, subject to a minimum of S$20 |
|
Others |
Click here to view other applicable Bank charges for the Current Account |
Other Information
Useful Links