Maybank Business account review

Snapshot

Maybank Business is the business banking offering of Maybank, the largest bank in Malaysia and a major Southeast Asian group. It offers conventional and Islamic business accounts through local entities, mainly across Malaysia and Singapore. As of 11 October 2026.

Who it suits: Businesses based in Malaysia, Singapore, or other Southeast Asian markets that want a large regional bank with branch access and both conventional and Islamic account options.
Broadly available in: Malaysia and Singapore, with a wider presence across Southeast Asia through separate local Maybank entities. As of 11 October 2026.
Headline monthly fee: Varies by market and account. In Malaysia the SME First Account charges 10 ringgit every six months unless a balance condition is met. In Singapore the FlexiBiz account has no monthly account fee, but charges 10 Singapore dollars a month if the average daily balance falls below 1,000 Singapore dollars. As of 11 October 2026.
Account type: Business current or deposit account at a licensed bank, with conventional and Islamic options.

Fees and features as of 11 October 2026Last updated 11 October 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Maybank Business is the business banking arm of Maybank, the largest bank in Malaysia and one of the biggest banking groups in Southeast Asia. It offers conventional and Islamic business accounts through local entities, mainly in Malaysia and Singapore. In Malaysia the SME First Account is a common entry account with a small half yearly service fee, while in Singapore the FlexiBiz account has no monthly account fee but carries a minimum balance fee. Figures here are shown as of 11 October 2026. Verify current terms with Maybank for your market.

Overview

Maybank serves businesses through local entities in each market, with the deepest presence in Malaysia and a significant operation in Singapore. In Malaysia the business range includes the SME First Account and its Islamic counterpart the SME First Account-i, alongside corporate current accounts. In Singapore the range includes the FlexiBiz account, which Maybank markets to startups, and the PremierBiz account, which has a higher minimum balance. The group also operates in other Southeast Asian markets. As of 11 October 2026.

Strengths

A large regional branch network across Southeast Asia, both conventional and Islamic account options, entry accounts with modest or no monthly fees in some markets, and local support in core markets. As of 11 October 2026.

Limitations

Pricing, eligibility, and account names differ by country, so there is no single regional fee. Some accounts apply fall below fees when a minimum balance is not kept, and cheque or cash handling can carry charges. Verify current terms with the relevant Maybank entity.

Fees and features

All figures as of 11 October 2026. Pricing varies by country. Verify current terms with Maybank.
Monthly fee	Varies by market. In Malaysia the SME First Account charges 10 ringgit every six months, waived if an average balance of 1,000 ringgit is kept over the period. In Singapore the FlexiBiz account has no monthly account fee but charges 10 Singapore dollars a month when the average daily balance is under 1,000 Singapore dollars. The PremierBiz account charges 35 Singapore dollars a month when the average daily balance is under 30,000 Singapore dollars. As of 11 October 2026.
Transaction fees	Cheque, cash, and electronic transaction fees vary by country and account, for example a per cheque fee on some Singapore accounts. As of 11 October 2026. Verify the current rate card with Maybank.
FX fees	International transfers and currency conversion carry fees that vary by market and route. Unclear at a single headline rate, so verify with Maybank.
Minimum deposit	Varies by market. In Malaysia the SME First Account typically needs about 100 ringgit to open online or 1,000 ringgit at a branch. As of 11 October 2026. Verify with Maybank.
Multi currency	Maybank offers foreign currency and multi currency account options in some markets, with detail varying by country. As of 11 October 2026. Verify with Maybank.
Integrations	Online and mobile business banking, plus cash management tools that vary by market. Verify current integrations with Maybank.
Eligibility	Registered businesses in supported markets, with requirements and accepted entity types varying by country. Conventional and Islamic options available. As of 11 October 2026. Verify eligibility with Maybank.

Open a Maybank Business account

Availability, fees, and eligibility vary by country. Check the Maybank Business by country pages below for your market, then confirm current terms with the provider. Shown as of 11 October 2026.

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Maybank Business by country

Questions about Maybank Business

Where is Maybank Business available?

Maybank is the largest bank in Malaysia and operates across Southeast Asia, with business accounts in markets including Malaysia and Singapore. Products and fees differ by country. As of 11 October 2026. Verify availability for your market with Maybank.

What does the Maybank SME First Account require to open in Malaysia?

In Malaysia the SME First Account typically needs an initial deposit of about 100 ringgit for online applications or 1,000 ringgit for branch applications, and a service fee of about 10 ringgit every six months applies unless an average balance condition is met. As of 11 October 2026. Verify current terms with Maybank.

Does Maybank offer a business account with no monthly fee in Singapore?

In Singapore the Maybank FlexiBiz account has no monthly account fee and is marketed to startups. It needs an initial deposit of 1,000 Singapore dollars, and a minimum balance fee of 10 Singapore dollars a month applies if the average daily balance falls below 1,000 Singapore dollars. Other Maybank business accounts in Singapore set their own balance and fee conditions. As of 11 October 2026. Verify current terms with Maybank.

Is Maybank an Islamic bank?

Maybank offers both conventional and Islamic business accounts, for example the SME First Account and the Islamic SME First Account-i in Malaysia. As of 11 October 2026. Verify which option fits your business with Maybank.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with Maybank Business before applying.