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Maybank FlexiBiz Account #ForYou

Important Notice


Changes in Cheque Charges for Business Banking Accounts

From 1 January 2022, we will be changing the cheque charges for your Maybank Business Account.

Find Out More

 

Changes to Maybank FlexiBiz Account

From 1 February 2022, we will be changing the Average Daily Balance and Minimum Balance Fee for your Maybank FlexiBiz Account.

Find Out More

Promotions


  • Promotion 1:
    Open a Maybank Corporate Account online with minimum deposit and receive S$20 cash reward per account Click here for details.
  • Promotion 2:
    From now till 31 December 2022, receive up to S$488 Cash Rewards when you sign up for Maybank Payroll Services and credit salaries for at least 3 consecutive months.
    Monthly Payroll Transacted AmountGift

    S$10,000 to less than S$30,000

    One time S$88 cash credit

    S$30,000 to less than S$50,000

    One time S$188 cash credit

    S$50,000 to less than S$100,000

    One time S$288 cash credit

    S$100,000 and above

    One time S$488 cash credit

    Click here for details

  • Promotion 3:
    Open a FlexiBiz account with S$30,000 fresh funds, register and receive funds via FAST, PayNow or GIRO to receive S$200 cash rewards!

Terms and Conditions

  • Promotion is available from 1 January 2022 to 31 December 2022, while stocks last.
  • Customer must open a new FlexiBiz Account with min S$30,000 fresh funds, received at least1 payment via FAST, PayNow or GIRO to be eligible.
  • Deposit amount must be in fresh funds, Maybank cheques and transfers made from the Account Holder's existing Maybank account(s) (if any) shall not qualify.
  • Additional Terms and Conditions shall apply to this Promotion, together with the Standard Rules and Regulations Governing Singapore Dollar Current Account.

Terms and Conditions Governing FlexiBiz Account Opening Promotion (PDF)

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 Malaysia Maybank Account via RegionLink 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 Malaysia Maybank Account via RegionLink 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" or "Counter rates" for foreign exchange transactions for Regional Link and International Transfer initiated on Business Internet Banking are not applicable for the Promotion.

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

Chequebook Charge

S$0.75 per cheque (Refundable*)

*Note:

  1. Total cheque charges for the day will be debited from your account on the same day
  2. At the end of the month, if your average daily balance is S$30,000 and above, the total cheque charges debited earlier will be credited back to your account

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

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

In line with social distancing measures, we are currently requesting for customers to make an appointment with your preferred branch for company account opening. Please book an appointment 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


Useful Links

 

 

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.