Changes to Foreign Currency Current Account Fees
From 1 November 2023, the charges for cheque usage will be raised for USD-denominated cheques.
We have prepared a list of Frequently Asked Questions and the new charges for your reference.
Current Account
From multiple available options, pick the one tailor-made to suit the foreign currency transaction needs of your business
Maybank Foreign Currency Current Account #ForYou
Benefits
- Attractive interest rates on USD
- Free cheque book for your USD Current Account
- Cross Currencies funds transfer to and from SGD accounts via Business Internet Banking
- Deposit and withdraw local and foreign currencies in cash, demand drafts or telegraphic transfers
Currencies
USD, EUR, GBP, AUD, NZD, CAD, HKD, JPY
Click here for the latest rates
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
- US$1,000 or its equivalent
Account opening is subject to the Bank's approval.
Fees and Charges
| Description | Fees and Charges |
|---|---|
| Cheque Issuance (only for USD Current Accounts) |
Free (till 31 October 2023) US$0.75 per cheque (from 1 November 2023) |
|
Cheque Deposit (only for USD Current Accounts) |
Free (till 31 October 2023) Free until further notice (from 1 November 2023) |
|
Fall-below fee (per month) |
US$5 equivalent (if your average daily balance fall below US$1,000 or its equivalent in the month) |
|
Early Account Closure (within 6 months) |
US$20 early account closure fee (if the account is closed within 6 months of opening) |
|
Others |
Click here to view the other applicable transactional charges and service fees |