Maybank FlexiBiz Account


Maybank FlexiBiz Account

The current account for young businesses and new start-ups with attractive interest rates, no monthly fee and no requirement to maintain a minimum balance in the account.

Promotion

Maybank Payroll Services rewards you up to S$488 Cash Rewards and win additional S$888! 

Maybank Payroll Services rewards you up to S$488 Cash Rewards and win additional S$888!

Transact a minimum of S$8,000 to participate.

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Enjoy fee waiver and get S$88 cash credit with PayNow Corporate! 

Enjoy fee waiver and get S$88 cash credit with PayNow Corporate!

Enjoy fee waiver for all PayNow transactions, plus receive S$88 cash credit with min. S$10,000 incoming funds monthly via PayNow for 3 consecutive months.

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Simple banking now comes with easy accounting 

Simple banking now comes with easy accounting

Simplify your accounting via Financio so that you’ll have more time to run your business. Enjoy free access to Financio subscription plans.

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Overview

interest rateAttractive interest rates of up to 0.038% p.a. with no minimum balance requirement
chequebookS$0.50 per cheque (upon presentation) with option to receive notification for cheque clearance
Business Internet BankingRound-the-clock service with Business Internet Banking
Instant fund transferInstant fund transfer via FAST at only S$0.50 per transaction

Interest Rates


Account Balance
Interest Rate
First S$50,000
0.018% p.a.
Next S$450,000
0.028% p.a.
Remaining balance above S$500,000
0.038% p.a.

Interest rates are subject to change without prior notice




Eligibility



Who can apply

  • Sole proprietors
  • Partnerships
  • Limited Liability Partnerships (LLP)
  • Incorporated Companies
  • Charities
  • Societies
  • Associations

Documents Requirement

  • Click here to view the list of required documents for account opening

Initial Deposit

  • S$1,000


Account opening is subject to the Bank's approval.

Fees and Charges


Description
Fees and Charges
Fall-below fee (per month)Nil
Early Account Closure
(within 6 months)
S$50 early account closure fee, if the account is closed within 6 months of opening
Cheque UsageS$0.50 per cheque upon presentation
Total cheque charges for the day will be debited from your account on the same day. At the end of the month, if your average daily balance is S$30,000 and above, the total cheque charges debited earlier will be credited back to your account.
Others
Please click here to view the other Bank charges applicable for Current Account



Useful Links

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Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.



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