Local Funds Transfer

Features

Funds transfer service is available via the following self-service channels:

Cash Deposit Machine
Maybank Online Banking
Business Internet Banking

3 transfer options for your funds to reach the receiving bank:

instantly (between Maybank accounts)
Within minutes (via FAST)
On the next business day (via interbank GIRO)

Option to raise daily limit to a maximum of S$200,000*. Default daily limit is S$3,000

Ways to perform Funds Transfers

Transfer via	Local Funds Transfer		FAST^#	MEPS	GIRO
To	own account with Maybank	3rd-party account with Maybank	account with a FAST participating bank	account with another bank	account with another bank
Fees	Free	Free	S$0.50	S$18	S$0.20
Funds to reach receiving bank	Instantly	Instantly	Within Minutes	Same Day (Transaction must be approved by 4pm)	Next Business day (if instructions are received by 1pm)
Default Transaction Limit	Unlimited	Up to $S5 million	S$50,000	S$50,000	NA
Daily Transaction Limit	NA	NA	Sole proprietor up to S$1 million Other business type up to S$5 million	Sole proprietor from S$1 Million and up to S$3 Million Other business type up from S$3 Million and up to S$10 Million	Sole proprietor up to S$1 Million Other business type up from S$1 Million and up to S$5 Million

^#FAST transfers are available on Maybank Online Banking, Mobile Banking (via mobile browser) and Mobile Banking App. Funds transfer via MEPS is not available on ATMs and CDMs.

Who can use

Maybank Current account holders with Business Internet Banking access

How to apply for Business Internet Banking

Simply complete the following and submit to the Branch Account Manager or the Relationship Manager.

Business Internet Banking (BIB) Application form
Business Internet Banking Maintenance form

Useful Information

Option to send FAST to other banks up to S$1 million for Sole proprietor and Other business type up to S$5 million per day. Subject to a maximum of S$200,00 per transfer.
To increase your Daily Transaction Limit:
- Update using the form
- Mail the completed Daily Transaction Limit Update Request form to:
  Maybank
  Payments & Services Centre 2 (KOVAN)
  ROBINSON ROAD P.O. BOX 479
  Singapore 900929

Online Funds Transfer FAQ

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