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Maybank FlexiBiz Account

Important Notice


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.

Promotions


Be rewarded when you transact online

From now till 31 December 2024, use Maybank for your monthly payroll or PayNow Corporate and be rewarded.

 

Find Out More

Terms and Conditions apply.


Receive S$20* cash reward when you open a Maybank FlexiBiz Account online

Additional S$20* cash reward if you open Foreign Currency Current Account in the same application

* minimum deposit S$1,000 / US$1,000 or its equivalent per account is required

 

Terms and Conditions

*For Foreign Currency Current Account


Receive FREE PayNow SGQR labels from us!

Apply for PayNow on SGQR via Business Internet Banking and receive complimentary SGQR labels*!

 

Find Out More

Terms and Conditions apply.

Benefits


  • No monthly fees
  • Free access to Business Internet Banking Services 24/7
  • Complimentary all-in-one business debit card
  • Attractive interest rates of up to 0.038% p.a.
  • Instant fund transfer via FAST at only S$0.50 per transaction

Interest Rates


Account BalanceInterest Rate

First S$50,000

0.018% p.a.

Next S$450,000

0.028% p.a.

Remaining balance above S$500,000

0.038% p.a.

Rebate Benefits

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 TransactionsRebate Amount
Instant Fund Transfer via FAST 100% rebate of charges
capped at 30 transactions per month
GIRO Payments 100% rebate of charges
capped at 30 transaction per month
Automated Salary Payment1 100% rebate of charges
Fund Transfer to banks in Malaysia via Maybank Overseas Transfer3 25% rebate of charges2
International Telegraphic Transfer 25% rebate of charges2

 

Tier 2: Required Average Daily Balance (ADB) of S$100,000 and above

Eligible TransactionsRebate Amount
Instant Fund Transfer via FAST 100% rebate of charges
capped at 120 transactions per month
GIRO Payments 100% rebate of charges
capped at 120 transactions per month
Automated Salary Payment1 100% rebate of charges
Fund Transfer to banks in Malaysia via Maybank Overseas Transfer3 50% rebate of charges2
International Telegraphic Transfer 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.
3Maybank Overseas Transfers to other banks in Malaysia will commence from 7 November 2023.

Terms and Conditions Governing Rebate Benefits (PDF)

Requirements


Eligibility

 

Who can apply for the Start-up account?

  • Sole proprietors
  • Partnerships
  • Limited Liability Partnerships (LLP)
  • Incorporated Companies
  • Charities
  • Societies
  • Associations

 

Documents Requirement

  • Click here to view the required documents for account opening

 

Initial Deposit

  • S$1,000

Account opening is subject to the Bank's approval.

Fees and Charges


DescriptionFees 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)

Minimum Balance Fee

S$10 per month (From 1 February 2022)

if the average daily balance falls below S$1,000

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

How to apply?


i) Open an account with MyInfo Business

Open an account


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 Information