Maybank Overseas Transfer

Instant Funds Transfer to Malaysia

Whether it’s paying your vendors or crediting the salary to your staff, we made funds transfer to Malaysia easy #ForYou. With Maybank Overseas Transfer, you can transfer funds to ANY banks in Malaysia instantly. Enjoy low fees and competitive exchange rates.

What's NEW

Maybank Overseas Transfer is now available to ANY banks in Malaysia!

If you have been enjoying the instant funds transfer service to Maybank Malaysia, you can now enjoy the same convenience when you transfer from Maybank Singapore to other banks in Malaysia.

Service is available on Maybank Business Internet Banking.

Benefits

Enjoy low fee of only S$10 so you can send more for less.

Transfer is instant to your recipients in Malaysia.

Available 24/7 at your convenience, even during weekends and public holidays.

Enjoy attractive and competitive MYR rate with us.

Enjoy exceptional savings with up to 50% rebate of charge. Terms and Conditions apply. Find out more.

Fees and Charges

Transfer to	Maybank Malaysia	Any other banks in Malaysia
Processing Fees	S$10	S$10
Commission	0.125% (min, S$10, max, S$100)	0.125% (min, S$10, max, S$100)
Processing Time	Transfer is instant	Transfer is instant to DuitNow participating banks and with an amount of up to MYR 50,000. Funds transfer to non-DuitNow participating banks will be processed next business day

More info on fees and charges here.

How to transfer funds using Business Internet Banking

To submit transactions for approval

Step 1
Click on ‘Remittance’, select ‘Maybank Overseas Transfer (Maybank Malaysia)’ or ‘Maybank Overseas Transfer (Other banks in Malaysia)’.

Step 2
Enter transaction details and click ‘Next’.

Step 3
Approve your transaction by entering the OTP of your Security Token.

Step 4
Transaction has been submitted for approval.

To approve the transactions

Step 1
Login and click on ‘Approvals’.

Step 2
Select ‘Maybank Overseas Transfer’ and type – to ‘Maybank Malaysia’ and ‘Other banks in Malaysia’.

Step 3
Select the transaction and click ‘Approve’.

Step
Proceed to authorise with Secure Verification.

How to request

Maybank Current account holders with Business Internet Banking access.
For transfer amount above S$30,000, simply request a call back and our Business Development Manager will get in touch with you.

REQUEST CALL BACK

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

The default amount is S$1.0 million per day per customer. For Non-Sole Proprietorship, you can adjust this limit or increase the limit to a maximum of S$5.0 million by mailing the completed Transaction Limit Update Request form (PDF) to us, along with a Board Resolution or Mandate, where appropriate.
For funds transfer to DuitNow participating banks and with an amount of up to MYR 50,000, it will be credited in real time. For funds transfer to non-DuitNow participating banks or with an amount above MYR 50,000, it will be credited on the next business day.
Online Funds Transfer is subject to regulatory compliance.
Service is unavailable from 12.00am – 12.30am daily.
Maybank Overseas Transfer (Malaysia) FAQ (PDF)
Maybank Overseas Transfer Terms and Conditions (PDF)

Select Country