Changes to SGD Current Account Fees
From 1 November 2023, the charges for cheque usage will be raised for SGD-denominated cheques.
We have prepared a list of Frequently Asked Questions and the new charges for your reference.
Current Account
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Maybank Singapore Dollar Current Account #ForYou
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From now till 31 December 2024, use Maybank for your monthly payroll or PayNow Corporate and be rewarded.
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Apply for PayNow on SGQR via Business Internet Banking and receive complimentary SGQR labels*!
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Benefits
- Complimentary all-in-one business debit card
- Free access to Business Internet Banking Services 24/7
- Instant fund transfer via FAST at only S$0.50 per transaction
Eligibility
Who can apply
- 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 |
First 30 cheques free per month, S$0.75 per cheque thereafter (till 31 October 2023) S$0.75 per cheque (from 1 November 2023) |
| Cheque Deposit |
Free (till 31 October 2023) Free until further notice (from 1 November 2023) |
| Fall-below fee (per month) | S$35 (when the monthly average balance falls below S$10,000) |
| Early Account Closure (within 6 months) | S$50 early account closure fee (if the 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 |