Maybank Opens Ringgit Accounts to Singapore Businesses
Start here
AI-assisted source synthesis · not an independent investigation.
On October 29, 2026, Fintech News Singapore reported that Maybank had opened Ringgit corporate current accounts to eligible Singapore businesses. Businesses can directly receive, hold, and use Ringgit in Singapore for permitted Malaysia-related activities, including paying Malaysian suppliers, asset transactions, and eligible dividends and interest. Businesses can also exchange for and hold Ringgit in advance from their Maybank Singapore accounts. The account has no initial deposit, minimum balance, or monthly fee, but does not pay interest. Funds transferred to Maybank Malaysia are temporarily exempt from processing fees and correspondent bank charges; transfers to other Malaysian banks incur a correspondent bank charge of MYR 22 per transaction.
AI-written from reports · updated 1 hour ago
Timeline
Follow the reporting to see the different sides of the story.
- Fintech News SingaporeMaybank opens MYR corporate current accounts to Singapore businesses
Maybank is opening MYR corporate current accounts to eligible Singapore businesses, allowing them to directly receive, hold and use MYR in Singapore for permitted Malaysia-related activities. Businesses can convert and hold MYR in advance from their Maybank Singapore accounts to pay Malaysian suppliers, for asset transactions, and for eligible dividends and interest. The account has no initial deposit, minimum balance or monthly fee, but does not pay interest; transfers to Maybank Malaysia are temporarily exempt from processing and correspondent bank fees, while transfers to other Malaysian banks incur a RM22 correspondent bank fee per transaction.
Heat over time
Not enough consecutive observations yet to draw a trend.