Demand Drafts

An efficient way to send money overseas; Demand Draft (DD) is a written order issued by Maybank on your behalf to pay a beneficiary. A Demand Draft is similar to a Cashier's Order, but drawn on Maybank's overseas correspondent banks.

Key info

  • Cheaper alternative to a TT
  • Range of major foreign currencies available, so you can send money virtually anywhere. With effect from 1 June 2018, you can send Demand Drafts in Euro as well.
  • Competitive foreign exchange rates

With effect from 3 August 2018, we will cease the service to clear Demand Drafts in Euro payable in Austria.

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 need to be a Maybank account holder to enjoy this service.

Required documents

Your identification document (Singapore NRIC or Passport)

Fees and charges

Click here for a list of applicable fees and charges

To apply, just visit any Maybank branch in Singapore with your identification document.

If you are a Maybank account holder, you may log in to Maybank Online Banking (www.maybank2u.com.sg)  to order a demand draft quickly and efficiently.

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