SME First Account

SME First Account

Tailored to small and medium businesses, with the flexibility for multiple customisable add ons to support your business growth & operational needs.

Benefits

Sign up online now and activate your account within minutes via the MAE app.
No introducer required. ​​


Bank Feed Friendly

Link your Maybank business account
with our accredited accounting solution partners
for a seamless reconciliation


No monthly fee

Utilise your new account
with no worries on fees.​


Unlimited Withdrawals

Over 400 Maybank
branches nationwide.​


M2U/M2U Biz Online Banking Features

Access and manage your account
easily anytime, anywhere on
web or on app.​

How to open a Maybank business account

Step 1


Click on ‘APPLY NOW’ and fill up the application form

Step 2


You will receive a new instruction to register for a Maybank2u account

Step 3


Proceed to activate your account via the MAE app

Step 4


Deposit via Digital
A minimum of RM100 via First Party transfer

OR

Deposit via Branch
A minimum of RM1,000 at your preferred branch

Add-ons

Expand and customise your business account with our list of curated solutions.​


Maybank QRPayBiz

Start receiving cashless payments using a single, unified Maybank QR code from millions of Maybank customers.​​


Commercial Credit Card

Get exclusive rewards with us. Enjoy cash rebates, Enrich miles, 0% instalment plan on purchase and more.​


SME Financing

Get quick business funding online. Apply for a loan of up to RM500,000 and get approved within minutes.


Sama-Sama Lokal

Bring your business online with
0% commission fees.


M2U Biz Bulk Payment

Enjoy the convenience of paying up to 100 payees at one go via our fully automated bulk payment system.


Hire Purchase

Upgrade or buy machinery or vehicles without high upfront payment.​


Life Protection Plan

Protect key business persons with the right insurance plan.​


Overseas Funds Transfer

20% discount on service fees to more than 100 countries worldwide.​


Maybank SME Visa Platinum Debit Card

The all-new VISA Debit Card for sole proprietors – an all-in-one business solution for seamless spending, VISA payWave and ATM access convenience.​​

Apply Now | Learn More

How to activate your Maybank business account via the MAE app

Want to get started?

Apply today!

SME First Investment Account-i

  • A Shariah-compliant investment account based on the principle of Mudharabah (profit sharing)
  • Earn potentially higher returns. Profit gained from the investment will be shared between you and Maybank based on an agreed profit sharing ratio (PSR)
  • Dividend is calculated daily and paid on a monthly basis, not subject to balance band or number of withdrawals
     

             

    * Not Protected by PIDM.

    * Click here for PIDM's DIS Brochure.

    * Click here for List of Insured Deposits

Unplanned Temporary Excess in Islamic Account(s)

Where permitted, any unplanned temporary excess in any Islamic Account due to amount advanced by the Bank shall be treated as loan (Qard) granted by the Bank to the account holder.

Click here for more details.

SME & BB (PMA-i) / SME First Investment Account-i

Balance Band

Indicative Profit Rate (% p.a)

Profit Sharing Ratio (Investor : Bank)

Any Balance

0.15

4 : 96


*Effective from 16 March 2023 to 15 April 2023

Service charge is RM10 per half a year, waived for accounts with an average balance of RM1,000 over this period.

RM20 is chargeable on early closure of account within 3 months of account opening. 

 

Click here to view Investment Account Fund Performance Report (Q1 2016)

Click here to view Investment Account Fund Performance Report (Q2 2016)

Click here to view Investment Account Fund Performance Report (Q3 2016)

Click here to view Investment Account Fund Performance Report (Q4 2016)


Click here to view Investment Account Fund Performance Report (Q1 2017)

Click here to view Investment Account Fund Performance Report (Q2 2017)

Click here to view Investment Account Fund Performance Report (Q3 2017)

Click here to view Investment Account Fund Performance Report (Q4 2017)


Click here to view Investment Account Fund Performance Report (Q1 2018)

Click here to view Investment Account Fund Performance Report (Q2 2018)

Click here to view Investment Account Fund Performance Report (Q3 2018)

Click here to view Investment Account Fund Performance Report (Q4 2018)


Click here to view Investment Account Fund Performance Report (Q1 2019)

Click here to view Investment Account Fund Performance Report (Q2 2019)

Click here to view Investment Account Fund Performance Report (Q3 2019)

Click here to view Investment Account Fund Performance Report (Q4 2019)


Click here to view Investment Account Fund Performance Report (Q1 2020)

Click here to view Investment Account Fund Performance Report (Q2 2020)

Click here to view Investment Account Fund Performance Report (Q3 2020)

Click here to view Investment Account Fund Performance Report (Q4 2020)


Click here to view Investment Account Fund Performance Report (Q1 2021)

Click here to view Investment Account Fund Performance Report (Q2 2021)

Click here to view Investment Account Fund Performance Report (Q3 2021)

Click here to view Investment Account Fund Performance Report (Q4 2021)


Click here to view Investment Account Fund Performance Report (Q1 2022)

Click here to view Investment Account Fund Performance Report (Q2 2022)

Click here to view Investment Account Fund Performance Report (Q3 2022)

Click here to view Investment Account Fund Performance Report (Q4 2022)

SME First Investment Account-i is open for the following business types:

  • Sole proprietorship
  • Partnership
  • Private limited company
  • Professional

Don’t have an account with Maybank yet? Open and activate your account now with these simple steps:

  1. Key in your application online.
  2. Your account will be created immediately.
  3. Activate your account online (for Sole Proprietors, Partnership and Private Limited companies) or visit your preferred branch with the required documents (listed below)

Already a Maybank SME or Business Banking customer? Open additional accounts in 3 simple steps:

  1. Log in to Maybank2u using your existing ID or log in to Maybank2u Biz using your Maker ID to fill in the application form under “Apply Online”
  2. Log in to Maybank2u Biz using your Checker ID and approve application within 3 days after application has been submitted.
  3. Visit your preferred branch with the required documents (listed below) to activate your new account.

Required documents:

Private Limited Company – all documents to be Certified True Copy by Company Secretary

  • Memorandum and Articles of Association/Constitution/CoSec Confirmation New Act Sec21
  • Copy of all directors’ identity card / passport (if foreigner) and authorised signatories
  • Form 9 (Certificate of Incorporation of Private Company)/Notice of Registration
  • Form 13 (Change of Company Name)/Notice of Registration of New Name
  • Form 24/Return for Allotment of Shares
  • Form 49/Notification of change in the Register of Directors, Managers & Secretaries
  • Resolution of the Board of Directors to open and operate the account. Download Board Resolution
  • Initial deposit/placement of RM1,000 (upon opening of account).

Sole Proprietorship and Partnership

  • Identity card/passport (if foreigner) of the proprietor/all partners and authorised signatories
  • Certificate of Registration/Business Registration
  • Form D (Business License)
  • Deed of Partnership (for Partnership only)
  • Letter of Introduction
  • Mandate Letter
  • Deposit via Digital
    • A minimum of RM100 via First Party transfer (for sole proprietors only) and RM1,000 via account transfer for Partnership companies
    • OR
  • Deposit via Branch
    • A minimum of RM1,000 at your selected branch. Applies to all business types

Club/Society/Association/Professional

  • Board Resolution/Letter of appointment of authorised signatories
  • License or Certificate issued by the Registrar of Societies or statutory bodies
  • Rules and Regulations / By Laws / Constitution
  • Letter for Bar Council (for Law Firms)
  • Certificate of Registration of Law Firms (for Law Firms)
  • Professional Indemnity Insurance Certificate (for Law Firms)
  • Identification document of Partners, authorised Signatories and Controlling Person (UBO)
  • Deposit via Branch
    • A minimum of RM1,000 at your selected branch. Applies to all business types

Terms & conditions apply.

If your business type is:

  1. Sole Proprietor
  2. Partnership
  3. Sdn Bhd
  4. Professional Club/Association/Society
  5. Limited Liability Partnership

You may open your business account online by clicking the button below:


If your business type is:

  1. Public Listed OR
  2. Non-Malaysian Incorporated

Please download the account application form here and submit your completed form at the nearest Maybank branch.

SME First Terms & Conditions

View


Up to 6 months COMPLIMENTARY subscription to Accounting Solutions for your Business


Manage your business with our trusted partner platforms. Connect your business account now for bank-level security, transparency and access to a sustainable ecosystem.

Find out more

A simpler, smarter and more secure business banking platform to easily manage your business on the go.

Applicable to Non-Sole Proprietors, Partners, and Organisations.

  • Simplified Accounts Overview for making better cash flow decisions
  • Multiple Transaction Approvals, on-the-go
  • Save time and paperwork with built-in Invoicing Tools
  • Secure transactions with Secure2u

Learn more


Secure your business with Key Person Insurance


Get covered to mitigate personnel risks and protect your business financially.

Discover more here

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Campaign Period: 1 March 2024 – 31 August 2024


FIND OUT MORE

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Already a Maybank SME or Business Banking customer?

Login and apply now

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