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8% Sales & Service Tax (SST)

On selected Maybank financial services involving fees and charges.

Info

As outlined by the Royal Malaysian Customs Department, an 8% Sales & Service Tax (SST) has been implemented on the Application Fee, Agent/Beneficiary Fee and/or Service Fee effective 27 April 2026 for selected Maybank financial services.

Starting 8 July 2026, the 8% SST will also apply to the Service Fee for Maybank's Will/Wasiat and Central Depository System (CDS) Account Opening service.

Please note that your payment process stays exactly the same.

Kindly refer to the table below for a more detailed overview. 

SST Charges on Maybank Financial Services

Platform

Maybank financial service

8% SST on

Service Fee

8% SST on Agent/Beneficiary Bank Fee

8% SST on Application Fee

Maybank2u website and MAE app

Foreign Telegraphic Transfer (FTT)

YES

YES

N/A

Maybank Overseas Transfer (MOT)

Note: Only available for transfers to Singapore

YES

YES for transfers to Non-Maybank recipients

N/A for transfers to Maybank recipients

N/A

Western Union

YES

N/A

N/A

Visa Direct

YES

N/A

N/A

Maybank2u website only

Initial Public Offering (eIPO)

N/A

N/A

YES

Will/Wasiat Writing

YES

N/A

N/A

Central Depository System (CDS) Account Opening

YES

N/A

N/A

MAE app only

Bakong

Note: Only available for transfers to Cambodia

YES

N/A

N/A

Maybank2u Biz website only

Foreign Telegraphic Transfer (FTT)

YES

YES

N/A

Note: N/A stands for Not Applicable

Frequently Asked Questions (FAQ)

Click here to read the full FAQ.