Changes to PremierBiz 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.
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.
From now till 31 December 2024, use Maybank for your monthly payroll or PayNow Corporate and be rewarded.
Terms and Conditions apply.
Apply for PayNow on SGQR via Business Internet Banking and receive complimentary SGQR labels*!
Terms and Conditions apply.
Account Balance | Interest Rate |
---|---|
First S$500,000 |
0.218% p.a. |
Remaining balance above S$500,000 |
0.318% p.a. |
Interest rates are subject to change without prior notice
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.
Who can apply
Documents Requirement
Initial Deposit
Account opening is subject to the Bank's approval.
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) |
Minimum Balance Fee |
S$35 per month if the average daily balance falls below S$30,000 |
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 |