Maybank: Who They Are
Maybank is one of Southeast Asia’s largest bank by assets. This making them the fourth largest in Southeast Asia. Their presence is felt in 20 countries with over 2,400 offices. Maybank provides investment banking, corporate banking, stock broking, insurance and consumer banking to name some. They have come a long way since their first branch opened in 1960.
The products and services offered would vary on what type of service you need. Whether it be in payments and remittances, credit cards, financing and deposits & banking.
* PremierBiz Account
* FlexiBiz Account
* Conveyancing Account
* Foreign Currency Current Account
- Time Deposits
* Singapore Dollar Time Deposit
* Singapore Dollar Choice Date Time Deposit
* Foreign Currency Time Deposit
- Islamic Deposits
* Singapore Dollar Islamic Term Deposit
* Current Account
Plans under the Wholesale Banking: Current Accounts are shown below for your reference.
FlexiBiz Account– manage your business’ financial needs while incurring interest
PremierBiz Account– also incurs interest and while you can conveniently check your funds plus up to .318% interest on your account
Conveyancing Account– non-interest bearing account for law firms in Singapore.
Foreign Currency Account – payments in your own foreign currency. Deposit or withdraw in local or foreign currency.
Important Facts to Remember!
|FlexiBiz Account||PremierBiz Account||Conveyancing Account||Foreign Currency Current Account|
|Fees & Charges|
|Minimum Balance||None||S35 monthly service fee; waived with a minimum average daily balance of S$30,000||none||US$5 monthly service fee|
|Minimum Initial Deposit||S$1,000||S$1,000||none||US$1,000|
|Account Closure||S$50 (less than 6 months from account opening||S$50 (less than 6 months from account opening||N/A||N/A|
|Cheque||S$0.50 per cheque upon presentation||Free cheque usage||N/A||free for US Dollar account only|
Maybank Summary Review
Maybank divided their products and services into different categories. Personal Banking, Premier Wealth, Private Wealth, Wholesale Banking, SME and Islamic banking. Apart from this, they also have plans for Payments and Remittances and Financing. At first if you read through their products, you will be overwhelmed with all the information. Filter the service you need. Are you a foreigner? Do you want an interest-bearing account without thinking about the minimum daily balance? From there, you will have a grasp of what kind of product you will be needing. They also have Business Internet Banking (BIB) where you can monitor your financial needs for your peace of mind.