Maybank Overseas Transfer

Effective 7 April 2025, we have increased the combined daily limits for Foreign Telegraphic Transfer (FTT), Maybank Overseas Transfer (MOT), Bakong Transfer* and DuitNow Overseas Transfer*. This means, you will be able to send larger amounts of funds conveniently.

*Please note that the sub-limit for Bakong Transfer and DuitNow Overseas Transfer’s are still maintained at RM10,000 and RM3,000 daily, respectively.

Kindly note that once you increase your limit, a 12-hour cooling-off period will apply before the new limit can take effect. During this time, you can only make overseas transfers up to your current limit. Rest assured that you will be notified via push notification or SMS on when the period starts and ends. For more information on how to increase transfer limits, click here.

Please ensure your MAE app is updated via the App Store, Google Play or Huawei AppGallery to enjoy your new limits. Avoid downloading APK files from unofficial sources to protect your device from malware. Learn more about the MAE app here.

For more information on the combined limits, click here.

It’s now faster, easier and cheaper for you to transfer money. With Maybank Overseas Transfer via Maybank2u web and the MAE app you can instantly transfer money to a beneficiary within any banks in Singapore including Maybank Singapore Limited (MSL) and Malayan Banking Berhad, Singapore Branch (MBS).

*Download or update to the latest MAE app (Version 9.4) to access this feature.

• Lower Rates when you send a minimum of RM10,000.
• Real-time Transfer so your beneficiary will receive the funds instantly.*
• Low Service Fee at RM10 per transaction. No agent bank fee charges if transaction is made to Maybank Singapore Limited (MSL) and Malayan Banking Berhad, Singapore Branch (MBS) or S$2.20 if transaction is made to any other banks in Singapore.**
• Transfer Full Amount with no deduction from what your beneficiary receives.

*If transaction is made to banks other than to Maybank Singapore Limited (MSL) and Malayan Banking Berhad, Singapore Branch (MBS) after 4pm, transaction will be sent the next Singapore working day.

**Agent bank fee is a fee charged by the receiving agent/bank to receive a transfer.

via Maybank2u Web - Open Transfer:

Step 1:

• Log in to Maybank2u via web
• Select “Pay & Transfer”

Step 2:

• Click “Transfer To”
• Select “Overseas (FTT, Western Union. Visa Direct, Maybank Overseas Transfer)"

Step 3:

• Select “Singapore”
• Key in amount in SGD

Step 4:

• Select "Maybank Overseas Transfer"

Step 5:

• Fill out additional info
• Agree to all the terms
• Click “Confirm”

via Maybank2u Web – Favourite Transfer: 

Step 1:

• Log in to Maybank2u via web
• Select “Pay & Transfer”

Step 2:

• Click “Transfer To”
• Select “Overseas (FTT, Western Union, Visa Direct, Maybank Overseas Transfer)” under “Transfer to”
• Select a favourite account to transfer to under “My Favourite”

Step 3:

• Key in the amount to transfer

Step 4:

• Click “Calculate” to view the amount in RM or vice versa

Step 5:

• Fill out additional info
• Agree to all the terms
• Click “Transfer”

Via the MAE app: For Open Transfer Journey

Via the MAE app: For Favourite Transfer Journey

• You can only transfer money in SGD.
• You can only select current and savings accounts (CASA) as your source of funds*.
• This service is not valid for Master Foreign Currency Account (MFCA).
• This service is available on Maybank2u web and the MAE app only.
• This service is available from 10am-6pm on weekdays (excluding public holidays and Federal Territory State holidays).
• *Download or update to the latest MAE app (Version 9.4) to access this feature.

*Maybank is a member of PIDM. Protection by PIDM is subject to insurability criteria. Please refer to the list of insured deposits displayed at www.maybank2u.com.my for further details.

Click here for FAQ

Click here for Terms & Conditions in English

Click here for Terms & Conditions in BM