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.
SME Deposits
Conveniently transact in major foreign currencies
Maybank Foreign Currency Current Account-i #ForYou
Benefits
- Potential bonus in hibah may be distributed at the Bank's discretion to customers.
- Transfer foreign currency funds to your Singapore Dollar account anytime with Business Internet Banking.
- Cross currency funds transfer to and from SGD accounts via Business Internet Banking
- Deposit and withdraw major currencies in cash, demand drafts or telegraphic transfers.
Requirements
Who can apply
- Sole proprietorships
- Partnerships
- Limited Liability Partnerships (LLP)
- Incorporated Companies
- Charities
- Societies
- Associations
Initial Deposit
- US$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 (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 if the account is closed within 6 months of opening |
| Others |
Click to view the other applicable Transactional charges and service fees |