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SME Deposits

FlexiBiz Account

With attractive interest rates, no monthly fees and no minimum balance required, the Maybank FlexiBiz is the ideal current account for start-ups and young businesses.

Promotion

Open a FlexiBiz account with S$5,000 fresh funds, register and receive funds via PayNow with us to receive S$50 cash rewards!

 

Terms and Conditions

  • Promotion is available from from 15 January 2021 to 31 December 2021, while stocks last.
  • Customer must open a new FlexiBiz Account with min S$5,000 fresh funds, register their PayNow Corporate with us and received 1 payment via Paynow via UEN 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

  • Attractive interest rates of up to 0.038% p.a. with no minimum balance requirement
  • S$0.50 per cheque (upon presentation) with option to receive notification for cheque clearance
  • Round-the-clock service with Business Internet Banking
  • 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

The More You Transact, The More You Save
From Fund Transfers to GIRO Payments and more, turn your essential transactions into exceptional savings, every month. Refer to the table to see how.

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

Fall-below fee (per month)

Nil

Early Account Closure
(within 6 months)

S$50 early account closure fee (if the account is closed within 6 months of opening)

Chequebook

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

Others

Click here to view other applicable Bank charges for the Current Account

How to apply?

In line with social distancing measures, we are currently requesting for customers to make an appointment with your preferred branch for company account opening (individual and non-individual).

Please call 1800 – 629 2265 (1800 – MAYBANK) 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.