| Business : Growing
Business > Treasury
Products |
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If your company needs
to transact business in foreign currencies, you will appreciate
the flexibility and help that we can offer you. With Maybank,
you can easily make conversions and payments in almost any
currency you choose, deposit foreign cheques in their native
currencies and, best of all, earn attractive interest rates
on your deposits.
Foreign
Currency Current Account
Gain access to major foreign currencies at all times when
you open a Foreign Currency Current Account with
the equivalent of only US$1,000. You will have your own
chequebook and you can choose remittance, bank draft or
cash when you need to deposit or withdraw funds, giving
you:
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- Flexibility of
accessing foreign currencies at any point of time
- Easy currency
switching
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Foreign
Currency Call Account
You can open a Foreign Currency Call Account in either
US Dollars or most major foreign currencies, with a minimum
deposit of only US$1,000 or its equivalent. This allows you
to enjoy benefits like: |
- Competitive foreign
exchange rates
- Competitive
interest rates
- Better risk control
- Interest that
is accrued daily and compounded monthly for amounts of
US$50,000 and above
- Easy currency
switching
- Flexibility and
confidentiality
- Interest earned
is not subject to Singapore Withholding Tax and Income
Tax - if you are a non-resident of Singapore
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Foreign
Currency Time Deposits
You like safe returns on your investments but don't need quick
access to your cash. Maybank's Foreign
Currency Time Deposit may be your best solution, especially
if you have surplus funds in foreign currencies. We require
only 2 working days notice for withdrawal upon or before maturity
and your deposit is also auto-renewable for minimal administration.
So take advantage of this account that offers you: |
- Diversification
- Higher interest
rates for some foreign currencies as compared to the Singapore
Dollar
- Easy currency
switching
- Credit facilities
against your deposit
- Hedging service
to protect you against foreign exchange fluctuations
- Choice of maturity
date for greater flexibility
| NB: |
Foreign
currency investments are subject to fluctuations with
either the possibility of profit or the risk of loss.
Please note that principal investment can also be eroded. |
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Foreign
Exchange (FX) Transaction
If you trade in foreign currencies, Maybank can help you manage
foreign exchange exposure to minimise your exchange rate fluctuation
risks through FX Transaction, which is a contract agreed
at a specific price for delivery on a specific future date
or for an optional period. You can also hedge Letters of Credit,
Remittances, Foreign Currency Time Deposits and Foreign Currency
Loans to: |
- Manage your foreign
exchange risk and exposure
- Lock in your
profits or prevent further losses
- Help protect
your cost of investments, goods or loans
- Assist your pricing
of goods or services
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Remittance
to Malaysia
Remitting funds to Malaysia for your regular trades with Malaysian
companies is very easy with Maybank. We are the only bank
in Singapore who can transfer funds to Malaysia on the same
day, at the exact Ringgit Malaysia equivalent. If you need
to transfer money to your own Maybank account in Malaysia,
SprinTT (Malaysia) can achieve this in less than 3 hours! As Malaysia's
leading bank, we offer you very special advantages: |
- Remit the exact
amount to Malaysia in record time
- Largest network
in Malaysia
- Competitive
exchange rates
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| So
let your foreign investments grow healthily, because Maybank
is always here for you. |