Local Funds Transfer

Important note

The classic Maybank Online Banking will be discontinued soon.

Effective 17 November 2023, funds transfer service will be disabled on classic Maybank Online Banking.

This change applies to individual customers (including Premier & Private customers) only. Maybank Business Internet Banking will remain unchanged.

Please proceed to perform the transaction on the new Maybank2u Online Banking instead. Scroll down to find out how.

For other guides on how to navigate and transact on the new Maybank2u Online Banking, click here.

Ready to give it a try? Click below to login with the same username and password to access.

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

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

Instantly (between Maybank accounts)
Almost immediately (via FAST or PayNow). Click here for the list of participating FAST institutions and click here for the list of participating PayNow institutions.
Within the same day (via MEPS)
On the next business day (via interbank GIRO)
Weekly, monthly, quarterly, semi-annually, or annually (via Interbank GIRO)

Access to over 40 billing organisations.
Manage your bills easily by using the account or reference number on the bill.
Option to schedule payments up to 30 days in advance, or set up a recurring transfer.
Service is available 24/7.

Transfer	To Maybank Accounts		Via FAST¹	Via PayNow	Via MEPS	Via GIRO
To	Own account with Maybank	3rd-party account with Maybank	Account with a FAST participating bank	Mobile number, NRIC, UEN, or VPA registered with PayNow	Account with another bank	Account with another bank
Fees	Free	Free	Free	Free	S$3	Free
Funds to reach receiving bank	Instantly	Instantly	Almost Immediately	Almost immediately	Same day (if we receive payment instructions before 4pm)	Next business day (if we receive payment instructions before 1pm)
Default Transaction Limit	Unlimited	S$3,000	S$3,000	S$3,000	S$3,000	S$3,000

¹FAST transfers are available on Maybank2u Mobile Banking, Online Banking, Funds transfer via MEPS is not available on ATMs and CDMs.

Click here to view a detail step-by-step guide how to make local transfers on Maybank2u Online Banking

To increase your Daily Transaction Limit up to S$200,000, either:
- Update your Daily Transaction Limit using Maybank2u Online Banking > "Funds Transfer" > "View/Amend Limit".
- Update your Daily Transaction Limit using Maybank2u SG app by clicking on “More”, then “Settings”. Under “Settings”, select “Maybank2u” and click on “View/Manage Limits”.