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Payments & Remittances

Local Funds Transfer

Send funds conveniently via Cash Deposit Machines or online - at no extra service fee.

Benefits

  • Multiple self-service channels to pay your bills.
    • Cash Deposit Machine
    • Maybank Online Banking
    • Business Internet Banking
  • Access to over 40 billing organisations.
  • Manage your bills easily by using the account or reference number on the bill.
  • Option to schedule payments up to 30 days in advance, or set up a recurring transfer.
  • Service is available 24/7.

Features

 

Funds transfer service is available via the following self-service channels:

  • Cash Deposit Machine
  • Maybank Online Banking
  • Mobile Banking App
  • Business Internet Banking

4 transfer options for your funds to reach the receiving bank:

  • instantly (between Maybank accounts)
  • Within minutes (via FAST)
  • On the next business day (via interbank GIRO)

Option to raise daily limit to a maximum of S$200,000*. Default daily limit is S$3,000

Ways to perform Funds Transfers

Transfer viaLocal Funds TransferFAST#MEPSGIRO
To
own account with Maybank
3rd-party account
with Maybank
account with a FAST participating bank
account with another bank
account with another bank
Fees

Free

Free

S$0.50

 S$18

S$0.20
Funds to reach receiving bank

Instantly

Instantly

Within Minutes

 Same Day
(Transaction must be approved by 4pm)

Next Business day
(if instructions are received by 1pm)
Default Transaction Limit

Unlimited

Up to $S5 million

S$50,000

S$50,000

NA
Daily Transaction Limit

NA

NA
  • Sole proprietor up to S$1 million
  • Other business type up to S$5 million
  • Sole proprietor up to S$1 million
  • Other business type up to S$5 million

S$5 million

 

#FAST transfers are available on Maybank Online Banking, Mobile Banking (via mobile browser) and Mobile Banking App. Funds transfer via MEPS is not available on ATMs and CDMs.

Eligibility

  • Maybank Savings and Current Account holders with Online Banking access.
  • To access Online Banking, apply at Maybank Branches in Singapore.

How to apply for Business Internet Banking

Simply complete the following and submit to the Branch Account Manager or the Relationship Manager:

 

Useful Information

  • To increase your Daily Transaction Limit (up to S$200,000*), either:
    • Update your Daily Transaction Limit using Maybank Online Banking > "Funds Transfer" > "View/Amend Limit".
    • Mail the completed Daily Transaction Limit Update Request form to:
      Maybank
      Payments & Services Centre 2 (KOVAN)
      ROBINSON ROAD P.O. BOX 479
      Singapore 900929

*Not applicable to MEPS transactions. Daily limit for MEPS is S$20,000.

Online Funds Transfer FAQ