Maybank Waives Transfer Fees To Singapore Until December 2026

Iman Aminuddin

29th June 2026 - 2 min read

Maybank is running a campaign that refunds the RM10.80 service fee on overseas transfers from Malaysia to Singapore, for eligible transactions made through Maybank Overseas Transfer on the MAE app or Maybank2u website. The campaign runs from 25 June to 31 December 2026.

The Minimum Transfer To Qualify

Individual customers qualify on a single transfer of RM5,000 or more, while sole proprietors need to send RM10,000 or more in one transaction. Each qualifying transfer earns a 100% refund of the RM10.80 service fee, which includes 8% SST.

The refund comes as cashback into your registered Maybank or Maybank Islamic savings or current account, credited within 90 days of the campaign closing rather than at the point of transfer.

Only The First 1,600 Transfers Each Month

Refunds are awarded on a first-come, first-served basis, capped at the first 1,600 eligible transactions each month and 9,600 across the whole campaign. There is no limit on how many times one customer can qualify, as long as the monthly pool has not run out.

The campaign is split into six monthly phases from June to December, and the count resets at the start of each one. A transfer that misses the cap in a busy month would not earn the refund, even if it meets every other condition.

Maybank To Maybank Singapore Only

Only transfers from Maybank Malaysia to Maybank Singapore qualify, specifically to Maybank Singapore Limited or Malayan Banking Berhad Singapore Branch. Sending to a non-Maybank account in Singapore does not count, and neither does an over-the-counter transfer at a branch, since the campaign applies only to the MAE app and Maybank2u web.

Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

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