Deposits

SME First Account-i

A Shariah-compliant current account based on the contract of Commodity Murabahah (cost-plus-sale)

The current account that your business can rely on


  • Start with a deposit as low as RM1,000
  • Manage your account and transactions safely anytime and anywhere with Maybank2u Biz online banking platform
  • Enjoy unlimited withdrawals at your home branch, and counter services at Maybank’s wide branch network

Unlock the full potential of your SME First Account-i with add-on solutions


Maybank2u Biz Online Bulk Payment

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

Learn more


Merchant Point-of-Sales (POS)

  • Accept card payments from your customers with POS Card Terminal and cashless payment solutions including mPOS, QRPay, M2U and Maybank eCommerce payment Gateway
  • Enjoy 3 months’ fee waiver on your POS Card Terminal rental


Commercial Credit Cards

  • Enjoy cash rebates, Enrich miles and exclusive rewards on your business expenses when you spend with Maybank Commercial Credit Cards
  • Get 0% interest installment plan on your purchases

Learn more


Overseas Fund Transfer

  • Transfer your fund overseas seamlessly to more than 100 countries worldwide
  • Enjoy 20% discount on service fee when you make your transfer online

Learn more


Loan and Financing

  • Scale up your business with financial solutions tailored to your needs without collateral (subject to assessment)

Learn more


Life Protection Plan

  • Safeguard your business by protecting the key person in your business with the right insurance plan

Learn more

We have the right account for you


SME First Account-i

  • A Shariah compliant current account based on the contract of Commodity Murabahah (cost-plus-sale) where a specific asset as deemed fit by the Bank is identified and used as the underlying asset for the sale and purchase transaction between Bank and Customer.
  • Features:
    • Based on the principle of Commodity Murabahah (cost-plus-sale)
    • Low minimum initial deposit of RM1,000

For Current Account type, no Effective Profit Rate (EPR) will be earned by customers.

Click here to view Savings Account Profit Rate and the Ceiling Profit Rate (CPR).

Click here for Product Disclosure Sheet (EN)

Click here for Product Disclosure Sheet (BM)

* Protected by PIDM up to RM250,000 for each depositor.

* Click here for PIDM's DIS Brochure.

  Click here for Terms and Conditions


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.

Fees and charges


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.

  

Interested? Find out if you are eligible


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

  • Sole proprietorship
  • Partnership
  • Private limited company
  • Professional

Ready to apply?


Don’t have an account with Maybank yet? Submit your application online now in 3 simple steps:

  1. Key in your application online.
  2. Account will be created immediately.
  3. Visit your preferred branch with the required documents (listed below) to activate your new account.

Already a Maybank SME or Business Banking customer? Submit your application online now in 3 simple steps:

  1. Login Maybank2u using your existing ID, or  login Maybank2u.Biz using your Maker ID to fill in application form under “Apply Online”
  2. Checker ID to login to Maybank2u.Biz and approve application within 3 days after Step 1 (not required for Maybank2u)
  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
  • Initial deposit / placement of RM1,000 (upon opening of account)

More information



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

Already a Maybank SME or Business Banking customer?

Login and apply now