Changes to Individual Foreign Currency Current Account Fees
From 1 November 2023, the charges for cheque usage will be raised for USD-denominated cheques.
We have prepared a list of Frequently Asked Questions and the new charges for your reference.
Islamic Deposits
Transact conveniently in major foreign currencies
Maybank Foreign Currency Current Account-i #ForYou
Benefits
- Potential bonus in hibah may be distributed at the Bank’s discretion to customers.
- Transfer funds in foreign currency to and from your SGD accounts via Maybank2u Online and Mobile Banking.
- Free chequebook for US Dollars Current Account.
- Deposit and withdraw major currencies in cash, demand drafts or telegraphic transfers.
- Lock your savings in Money Lock for greater peace of mind.
Requirements
ELIGIBILITY:
- Minimum Age: 18 years old
APPLICATION DOCUMENTS:
Singapore Citizens or Singapore Permanent Residents
- NRIC
Foreigners
- Passport
- Employment Pass
- Proof of mailing address i.e. utilities bill or bank statement with residential address, where the name must be the same as your Passport and Employment Pass
INITIAL DEPOSIT:
- US$1,000 or its equivalent
Fees & Charges
| Description | Fees and Charges |
|---|---|
| Cheque Issuance (only for USD Current Accounts) |
Free (till 31 October 2023) US$0.75 per cheque (from 1 November 2023) |
| Cheque Deposit (only for USD Current Accounts) |
Free (till 31 October 2023) Free until further notice (from 1 November 2023) |
|
Chequebook Issuance and Replenishment (only for USD Current Accounts) |
First cheque book is free, subsequent cheque books will be charged at US$10 each (till 31 October 2023) US$10 per cheque book (from 1 November 2023) |
| Fall-below fee (per month) | US$5 equivalent, if your average daily balance fall below US$1,000 or its equivalent in the month |
| Early Account Closure (within 6 months) | US$20 if the account is closed within 6 months of opening |
| Others | Click to view the other applicable Transactional charges and service fees |