Maybank MYR Current Account
Manage your Ringgit business flows with greater control
Facilitate permitted payments and receipts with Malaysia Ringgit Currency
- No initial deposit
- No minimum balance
- No monthly fee
Features and benefits
Ringgit, on your business terms.
Hold it, time it and move it for permitted Malaysia-related business flows.
One account for your Ringgit-related flows
A MYR corporate current account for your businesses
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Hold funds in MYR
Ringgit ready for permitted obligations.
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Time your conversions
Convert from your Maybank SGD or foreign-currency account.
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Pay into Malaysia
Permitted payments to resident beneficiaries.
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View balances
Check your account through Business Internet Banking (BIB) and Maybank2E (M2E).
Account details
- Currency
- Malaysian Ringgit
- Account type
- Corporate Current Account
- Initial deposit
- None
- Minimum balance
- None
- Monthly fee
- None
- Interest
- Non-interest-bearing
- Statements
- Monthly
- Digital access
- Balance viewing via BIB and Maybank2E
What you can use it for
Supporting documents may be required.
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Supplier and trade payments
Pay resident suppliers for permitted goods and services.
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MYR receivables
Receive eligible proceeds through supported channels.
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Assets in Malaysia
Permitted asset purchases and sales.
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Investment income
Eligible dividends and interest.
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Anticipatory FX
Buy and hold MYR ahead of your payments.
Requirements
Built for the right business flows.
Who can apply
Your company must meet all of these.
- A non-Malaysia-registered business
- A non-financial corporate
- Holds a Maybank SGD corporate current account
- Subject to the Bank's final approval
A company or organisation incorporated, established, registered with or approved by an authority outside Malaysia, or an unincorporated organisation registered by a foreign authority.
What you will need
More may be requested, depending on your profile and intended usage.
- Authorisation Letter to Open Additional Account, or Board Resolution
- Supporting documents
Depending on the transaction type, you may be required to provide supporting documents, such as invoices or sales contracts, to support the purpose of the transaction.
Fees and charges
Clear costs. No guesswork.
Remittance
Commission is 0.0%. Other charges depend on the beneficiary bank.
| Item | Details |
|---|---|
| Transfer to Maybank Malaysia | Processing and agent-bank charges waived until further notice, subject to applicable terms. |
| Transfer to another bank in Malaysia | Processing fees may apply, plus an agent-bank charge of RM22 per transaction. |
| How to apply | Submit the Remittance Form with supporting documents. |
How to Apply
How to get started.
Contact your Relationship Manager or make an appointment with us
How to apply?
- Contact your Relationship Manager
- No Relationship Manager? Click here to make an appointment with us!
Other information
The details that matter.
Direct answers to common questions.
Questions
A MYR corporate current account for holding Ringgit and settling permitted payments and receipts with Malaysian residents.
No. Third-party transfers between Maybank Singapore MYR Accounts are not permitted.
Yes — to resident beneficiaries at Maybank Malaysia or other Malaysian banks. Processing or agent-bank charges may apply.
No. Physical MYR cash deposits and withdrawals are not supported.
No. The account is non-interest-bearing.
Balances can be viewed through BIB and Maybank2E. Account opening and transactions are handled through the branch or assisted process.
Commission and Commission in Lieu of Exchange are 0.0%. Processing or agent-bank charges depend on the beneficiary bank.
Supporting documents may be required to establish the underlying purpose, depending on the transaction.