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

   
Open FlexiBiz Account for your business and get S$88 cash 

Open FlexiBiz Account for your business and get S$88 cash

Open a FlexiBiz account with S$5,000 fresh funds and register your PayNow with us at any Maybank Branch to receive S$88 cash rewards!

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Refer an associate or business partner and get S$28! 

Refer an associate or business partner and get S$28!

Receive S$28 cash reward when you refer a friend, relative, associate or business partner to open a new Maybank FlexiBiz Account with S$5,000.

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Simple banking now comes with easy accounting 

Receive S$288 Cash Rewards

From now till 31 December 2019, receive up to S$288 Cash Rewards when you sign up for Maybank Payroll Services and credit salaries for at least 4 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 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




Rebate Benefits


The More You Transact, The More You Save
From Fund Transfers to GIRO Payments and more, turn your essential transactions into exceptional savings, every month. Refer to the table below to see how.


Tier 1: Required Average Daily Balance (ADB) of S$30,000 to S$99,999

Eligible TransactionsRebate Amount
Instant Fund Transfer via FAST100% rebate of charges
capped at 30 transactions per month
GIRO Payments100% rebate of charges
capped at 30 transaction per month
Automated Salary Payment1100% rebate of charges
Fund Transfer to Malaysia Maybank Account via RegionLink25% rebate of charges2
International Telegraphic Transfer25% rebate of charges2


Tier 2: Required Average Daily Balance (ADB) of S$100,000 and above

Eligible TransactionsRebate Amount
Instant Fund Transfer via FAST100% rebate of charges
capped at 120 transactions per month
GIRO Payments100% rebate of charges
capped at 120 transactions per month
Automated Salary Payment1100% rebate of charges
Fund Transfer to Malaysia Maybank Account via RegionLink50% rebate of charges2
International Telegraphic Transfer50% rebate of charges2

1 Automated Salary Payment refers to Maybank's APS+ payment by Preset Template/File Upload
2 "Contract rates" or "Counter rates" for foreign exchange transactions for RegionLink and International Transfer initiated on Business Internet Banking are not applicable for the Promotion.

Terms and Conditions Governing Rebate Benefits (PDF)




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$75,000 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$75,000 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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  • Regional Cash
         Management
  • Trade and Supply Chain


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