With effect from 1 January 2027, all banks will stop processing SGD corporate cheques, regardless of when they were issued.
Click here to view the FAQs related to this change.
SME Deposits
Enjoy the convenience of a checking account for your business
Maybank Current Account-i
Promotion
Boost business efficiency with our SME Solutions
Sign up with Financio accounting software today to enjoy a 6-month waiver on the subscription fee.
Terms and Conditions apply.
Receive FREE PayNow SGQR labels from us!
Apply for PayNow on SGQR via Business Internet Banking and receive complimentary SGQR labels*!
Terms and Conditions apply.
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
Requirements
Who can apply
- 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.
Documents Requirement
- Click here to view the list of required documents for account opening
Fees and Charges
| Description | Fees and Charges |
|---|---|
| Cheque Issuance |
S$0.75 per cheque (from 1 November 2023) |
| Cheque Deposit |
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 |
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 |
How to apply
i. Open an account with MyInfo Business
Who can apply
- Business incorporated in Singapore
- Sole Proprietorship/ Partnership/ Private Limited Companies
- No more than 3 directors/ partners/ owners, all of whom are Singaporeans or PRs
- "Live" Business
What you need
- Your SingPass/ CorpPass login
- Your signature image
- Certified true copies of Memorandum & Articles/ By-Laws/ Constitution of your company (if company does not adopt Standard ACRA template constitution) or Certified true copies of LLP Partnership agreement.
ii. Open via our branches
Please make an appointment with your preferred branch to register your interest for company account opening.
During your appointment, please bring along the following documents and take note of the requirements:
Personnel to be present
| All signatories are required to be present | |
|---|---|
|
Sole Proprietorship |
Business Owner |
|
Partnership/Limited Liability Partnership |
All Partners |
|
Private Limited |
All Authorised Persons and All person who certify the submitted documents. |
| Society/Club/Associations | All Signatories |
Documents required
- Completed company account opening form. Form is available at maybank.sg/caform
- Supporting documents
- Certified true copies of Memorandum & Articles of Association (M&A) / By-Laws / Constitution
- Certified true copies of NRIC/Passport of all authorised Signatories/Directors/Partners/Office Bearers
- Other supporting documents (if necessary), such as company bills, invoices, bank statements, to help us better understand the needs and purpose of the account.
- Minimum deposit in cash or cheque
Other Useful Information