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Promotion 1:
Receive S$20 cash reward when you open a Maybank Corporate Account online.Terms and Conditions
- Promotion is valid till 30 June 2023, while stock last.
- Customer must open a new Corporate Current Account with minimum S$1,000 / US$1,000 or its equivalent * fresh funds.
- Additional Terms and Conditions shall apply to this Promotion, together with the Terms and Conditions governing Current Account for Non-Individual.
- Terms and Conditions Governing Online Corporate Current Account Opening Promotion (“Promotion”)
*for Foreign Currency Current Account
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Promotion 2:
Earn up to 2.00% p.a. bonus interest on your newly opened Corporate Account.Terms and Conditions
- Promotion is valid till 28 February 2023
- Customer need to maintain a minimum average daily balance of S$50,000 in either FlexiBiz, PremierBiz or Singapore Dollar Current Account
- Click here for more details.
- Promotion 3:
Apply for PayNow on SGQR via Business Internet Banking and receive 1st 8 SGQR labels for FREE*!
Terms and Conditions apply.
SME Deposits
Kickstart your business growth with the right banking tools
Maybank FlexiBiz Account #ForYou
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 Balance | Interest 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 Transactions | Rebate 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 Transactions | Rebate 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.
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
Description | Fees and Charges |
---|---|
Chequebook Charge |
S$0.75 per cheque (Refundable*) *Note:
|
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
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
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.