Demand Drafts
Efficient way to send money overseas; DD is a written order issued by Maybank on your behalf to pay a beneficiary; drawn on Maybank’s overseas correspondent banks
Key info
- No Maybank account required
- Cheaper alternative to a TT
- Range of major foreign currencies available, so you can send money virtually anywhere
- Competitive foreign exchange rates
With a Demand Draft, you can easily send money to almost any part of the world. A cheaper alternative to Telegraphic Transfer, a demand draft is a written order issued by Maybank on your behalf to pay your beneficiary a specified sum of money. It is similar to a Cashier's Order but drawn on our overseas correspondent banks.
Benefits
- A more cost-effective way to send funds overseas
- With our wide network of correspondent banks, you can send money to virtually any part of the world
- We offer a range of major currencies, at competitive foreign exchange rates
Who can apply
You do not 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, just visit us at any of our 22 Branches in Singapore with your identification document.
If you are a Maybank account holder, you may login to Maybank2u.com.sg to order a demand draft quickly and efficiently.
Important Notices
SaveUp Account for Loan Customer
Loans
Member-Get-Member Promotion: Recommend Maybank loans and be rewarded with vouchers of up to S$250
