Maybank Singapore is the Singapore banking presence of Malayan Banking Berhad, with Maybank Singapore Limited operating as a Singapore-incorporated subsidiary for retail, wealth, SME and commercial banking customers. The bank is regulated by the Monetary Authority of Singapore, holds Qualifying Full Bank privileges, and uses separate banking details for Maybank Singapore Limited and Malayan Banking Berhad, Singapore Branch. Customers should verify the correct entity name, bank code and SWIFT/BIC before making payments, account applications or international transfers.
MAS-Regulated
Retail and SME Banking
Maybank Group
Maybank Singapore Main Details
Maybank Singapore Limited
Malayan Banking Berhad, commonly known as Maybank
Singapore-incorporated subsidiary with Qualifying Full Bank privileges
Monetary Authority of Singapore
Lee Han Eng Alvin, as listed in the MAS Financial Institutions Directory
2 Battery Road #01-01, Maybank Tower, Singapore 049907
7302 for Maybank Singapore Limited; 9636 for Malayan Banking Berhad, Singapore Branch
MBBESGS2 for Maybank Singapore Limited; MBBESGSG for Malayan Banking Berhad, Singapore Branch
201804195C for Maybank Singapore Limited; S60FC1376L for Malayan Banking Berhad, Singapore Branch
Maybank Singapore official website
About Maybank Singapore
Maybank has been present in Singapore since 1960, when its first Singapore branch opened at South Bridge Road. Its Singapore operations now cover retail banking, wealth services, SME banking, commercial banking and global banking activities. Maybank Singapore Limited handles the locally incorporated consumer and SME-facing business, while Malayan Banking Berhad, Singapore Branch continues to be relevant for Global Banking and Global Markets references.
This distinction matters for payments. A customer receiving FAST, GIRO, MEPS or telegraphic transfer funds should use the bank name, bank code and SWIFT/BIC requested by Maybank for the specific account relationship. For a focused code lookup, use the Maybank Singapore SWIFT code page alongside Maybank’s official instructions.
Banking Services
Maybank Singapore offers savings accounts, current accounts, time deposits, debit cards, credit cards, personal loans and property loans. Product fees, minimum balances and account rules should be checked on the official Maybank rates and charges pages before applying.
Privilege Wealth, Premier Wealth and Private Wealth customers may access relationship-led banking, deposits, selected investment products and advisory services. Investment products carry market risk and are not the same as insured deposits.
Maybank Singapore serves SME and commercial customers with business accounts, financing, payments, trade-related banking and cash management channels. Eligibility depends on the business profile and supporting documents.
Global Banking and Global Markets activities are linked to Malayan Banking Berhad, Singapore Branch. Corporate customers should confirm the correct reference name and payment identifiers with their relationship manager.
Digital Banking and Payment Access
Maybank Singapore supports online and mobile banking through Maybank2u channels, with separate business banking access for corporate users. For local transfers, Singapore customers often use FAST, GIRO, PayNow and MEPS depending on payment type, amount, urgency and counterparty requirements.
- Online balance checks and account management
- Local transfers through supported Singapore payment rails
- Card servicing and account alerts where enabled
- Branch and ATM support for selected transactions
- Business internet banking access
- Corporate payment and collection workflows
- Trade and cash management channels
- Relationship-led support for larger commercial needs
For local transfer context, compare Maybank’s instructions with general Singapore payment explainers such as FAST transfers in Singapore, PayNow setup in Singapore and GIRO payment setup.
Branches and ATM Access
Maybank Singapore lists banking branches, Premier Wealth locations, a Private Wealth Lounge and ATM points through its official locator. Maybank’s public information also describes a network of 18 banking branches, 4 Premier Wealth Centres, a Private Wealth Lounge and 11 Maybank ATMs, but live branch status, queue conditions and opening hours should be checked before visiting.
Use branches for account servicing, selected applications, document checks and transactions that cannot be completed digitally. Public holiday schedules, renovation works and temporary notices may affect opening hours.
ATM access is useful for withdrawals, selected deposits and basic self-service needs. ATM availability can differ from branch opening hours.
Use Google Maps for directions only. Use Maybank’s official locator to verify branch status, service availability and current hours.
For addresses and opening hours in table format, use the Maybank Singapore branches page. For wider branch access context, compare with Saturday bank opening hours and ATM withdrawal and deposit networks.
SWIFT, Bank Code and Transfer References
Maybank Singapore has two commonly referenced banking identities in Singapore. The correct one depends on the customer segment and account relationship. Using the wrong bank name, bank code or SWIFT/BIC can delay or misdirect a payment, so customers should match the details to Maybank’s own instructions and the recipient account information.
| Reference Item | Maybank Singapore Limited | Malayan Banking Berhad, Singapore Branch | Used For |
|---|---|---|---|
| Full Bank Name | Maybank Singapore Limited | Malayan Banking Berhad, Singapore Branch | Bank name selection in transfers and payment instructions |
| Bank Code | 7302 | 9636 | Singapore local bank identification |
| SWIFT / BIC | MBBESGS2 | MBBESGSG | International transfers and selected bank messaging |
| Customer Context | Retail, wealth, SME and commercial banking customers | Global Banking and Global Markets customers | Choosing the right payment reference |
Financial Indicators
Maybank Singapore Limited’s 2024 annual financial statements show a larger balance sheet and higher annual profit than the prior year. The figures below are taken from the group columns of Maybank Singapore Limited and its subsidiary, presented in Singapore dollars.
Balance Sheet Scale, 2024
| Metric | 2024 | 2023 | Reading Note |
|---|---|---|---|
| Net interest income | S$521.7m | S$472.7m | Higher than the previous financial year |
| Net fee and commission income | S$280.4m | S$185.1m | Reflects fee income net of commission expense |
| Net profit after tax | S$280.7m | S$150.4m | Group profit after tax for the financial year |
| Total assets | S$44.23b | S$39.26b | Balance sheet size at year-end |
ROE is not presented as a standalone figure in the table above. A simple profit-to-average-equity calculation from the published 2024 and 2023 equity figures gives an approximate 12% reading, but users should treat this as an editorial calculation rather than an official Maybank ratio.
Account Opening and Customer Fit
Maybank Singapore may suit customers who want a regional bank with Singapore and Malaysia connectivity, local SGD banking, branch access and digital services. Account approval is not automatic. Maybank can review identity documents, residential address, tax residency, employment or business profile, source of funds and product suitability depending on the account type.
| Customer Type | Possible Account Need | What to Prepare | Verification Point |
|---|---|---|---|
| Singapore residents | Savings, current account, cards or fixed deposits | Identity documents, contact details and address information | Check Maybank’s latest account application page |
| Foreigners and pass holders | Salary crediting, everyday banking or remittance access | Passport, valid pass, address proof and employment details where requested | Requirements may differ by pass type and risk review |
| SMEs | Business account, financing or payments | ACRA profile, authorised signatory details and business documents | Maybank may request additional business information |
| Wealth customers | Premier, privilege or private wealth banking | Identity checks, funding source and suitability information | Eligibility can depend on relationship balance and product type |
Before applying, compare Maybank’s latest requirements with general Singapore banking references such as documents for account opening, online account opening and bank accounts for pass holders.
Comparison With Other Singapore Banks
Maybank Singapore is not one of the three local banking groups, but it has a long Singapore operating history, full-bank privileges and a regional footprint that can be relevant for customers with Singapore-Malaysia needs. A fair comparison should focus on account use, branch access, digital services, transfer needs, minimum balances, card rewards and fees rather than brand size alone.
- Customers who value Singapore and Malaysia banking connectivity
- SMEs with regional payment or trade needs
- Users who want a QFB foreign bank with branch and digital access
- Customers comparing fixed deposits, savings accounts and cards
- Minimum balance and fall-below fees
- ATM access and weekend branch availability
- Transfer charges and foreign exchange spread
- Digital banking features and support channels
For broader Singapore bank research, compare Maybank with DBS Bank Singapore, OCBC Bank Singapore and UOB Bank Singapore based on the specific account or transfer task.
Deposit Insurance and Product Risk
Eligible Singapore dollar deposits placed with a full bank or finance company in Singapore are protected under the Deposit Insurance Scheme up to the statutory limit per depositor per scheme member. Maybank Singapore’s own deposit insurance pages list insured deposit categories and should be used for product-level checks.
For official deposit insurance context, check Maybank Singapore’s Deposit Insurance Scheme page and the Singapore Deposit Insurance Corporation.
Verification Notes
Use official sources for data that can change. The MAS Financial Institutions Directory is the verification point for Maybank Singapore Limited’s licence status, chief executive listing, registered contact details and regulated activities. Maybank Singapore’s official website is the verification point for branch hours, product terms, fees, SWIFT/BIC usage, bank code references, deposit insurance lists and customer notices.
FAQ
Is Maybank Singapore a licensed bank?
Yes. Maybank Singapore Limited is listed by the Monetary Authority of Singapore as an incorporated financial institution with Qualifying Full Bank status. Users should verify licence details through the MAS Financial Institutions Directory for the latest record.
What is Maybank Singapore’s SWIFT code?
Maybank Singapore Limited uses MBBESGS2, while Malayan Banking Berhad, Singapore Branch uses MBBESGSG. The correct code depends on the account and transaction context, so confirm the details with Maybank before sending funds.
What is Maybank Singapore’s bank code?
Maybank Singapore Limited uses bank code 7302. Malayan Banking Berhad, Singapore Branch uses bank code 9636. Payment forms may require one or the other depending on the recipient account relationship.
Does Maybank Singapore have branches?
Yes. Maybank Singapore operates a branch and ATM network. Use the official Maybank locator for current operating hours, temporary notices and route planning before visiting.
Are Maybank Singapore deposits insured?
Eligible Singapore dollar deposits may be covered under the Singapore Deposit Insurance Scheme up to the statutory limit per depositor per scheme member. Investment products, foreign currency deposits and structured products may not be covered.
