MAS Electronic Payment System (MEPS)

The fastest way to transfer Singapore Dollar funds between banks in Singapore; safe and efficient as funds are remitted via Monetary Authority of Singapore's Electronic Payment System

Key info

  • Singapore Dollar funds transfer between banks in Singapore
  • Same-day funds transfers
  • No need to maintain a Maybank Account

You can use MEPS when you need to transfer funds within Singapore quickly as the money will be received on the same day. The funds are remitted locally in Singapore Dollars via the Monetary Authority of Singapore Electronic Payment System, or MEPS.

Benefits

  • Fast – the MEPS the fastest way of transferring Singapore Dollar funds between banks in Singapore
  • Efficient – your recipient will receive the transferred funds on the same day

Who can apply

You need to be a Maybank Account holder to enjoy this service

Required documents

For transactions involving cash, just produce your identification document (Singapore NRIC or Passport)

Fees and charges

Click here for a list of applicable fees and charges

To apply, visit us at any of our 21 Branches in Singapore with your identification document; you may choose to pay with cash or by debiting your Maybank Account.

Next steps

Locate your nearest Business Centre

Find us at a convenient location near you

Get in touch

Contact us for more information

Useful information

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