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.
Islamic Deposits
Enjoy the convenience of a checking account for your business
Maybank Current Account-i #ForYou
Benefits
- Free chequebook with the option to receive notification for cheque clearance.
- 24-hour service with Business Internet Banking.
- Instant funds transfer via FAST at only S$0.50 per transaction.
Requirements
ELIGIBILITY:
- Sole proprietorships
- Partnerships
- Limited Liability Partnerships (LLP)
- Incorporated Companies
- Charities
- Societies
- Associations
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) |
| Fall-below fee (per month) | S$15 when the average daily balance falls below S$10,000 |
| Compensation Fee | 1% p.a. on amounts overdrawn |
| Early Account Closure (within 6 months) |
S$50 early account closure fee if the account is closed within 6 months of opening |
| Others | Click here to view other applicable Bank charges for the Current Account |