Introduction to Maybank accounts
Maybank offers both Singapore dollar current accounts and foreign currency current accounts. You may refer to below tables for more information.
Singapore dollar current accounts
PremierBiz Account | FlexiBiz Account | Current Account | |
For company with these needs | Usually maintains high deposit balances, and wants to enjoy the best possible interest rates | Likely to maintain low or fluctuating account balance and does not want to be subject to a minimum balance fee | Maintains balance in the account for transactions but are not looking to earn interest |
Minimum initial deposit | S$1,000 | S$1,000 | S$1,000 |
Interest rates |
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| Non interest-bearing |
Minimum Average Daily Balance | S$30,000 | Not applicable | S$10,000 |
Monthly Service Fee | S$35 per month (waived if the average daily balance is at least S$30,000) | Not applicable | S$35 per month (waived if the average daily balance is at least S$10,000) |
Foreign currency current account
Introduction | Foreign Currency Current Account is ideal for companies with frequent transactions in foreign currencies. It is available in US Dollars and other major foreign currencies. You can receive and make payments in the original currency without having to convert them into Singapore Dollars first. |
Features | Flexibility to deposit into your account through:
Flexibility to withdraw from your account through:
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Opening a Foreign Currency Current Account |
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Interest rate for Foreign Currency Current Account
Minimum Balance Fee
Currency | Minimum Balance Fee (in respective foreign currency) | Minimum Average Daily Balance (in respective foreign currency) |
USD | 5 | 1,000 |
GBP | 5 | 1,000 |
AUD | 5 | 1,000 |
HKD | 50 | 10,000 |
JPY | 500 | 100,000 |
EUR | 5 | 1,000 |
CAD | 5 | 1,000 |
NZD | 5 | 1,000 |
If you want to open your bank account with Maybank, you may refer to this guide on how to request for your bank account opening through Sleek platform.
