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# Maybank opens ringgit accounts to eligible Singapore companies
- URL: https://www.southeastasiaconnect.com/maybank-ringgit-accounts-singapore-corporates-20261029/
- Published: 2026-10-29T21:49:28.000Z
- Updated: 2026-10-31T17:03:23.000Z
- Description: Companies can hold ringgit before permitted Malaysia-related payments fall due, adding a treasury option alongside their existing Singapore-dollar account.
- Author: Southeast Asia Editorial Team
- Tags: News, #sea-section-news, Singapore, Malaysia, Banking

[Maybank](https://www.maybank2u.com.sg/?ref=southeastasiaconnect.com) has opened Malaysian ringgit corporate current accounts to eligible Singapore-based companies, according to its [29 October announcement](https://www.theasianbanker.com/press-releases/maybank-opens-malaysian-ringgit-current-accounts-to-eligible-singapore-corporates?ref=southeastasiaconnect.com). Qualifying firms can receive and hold ringgit for permitted Malaysia-related business, including payments to resident suppliers, rather than converting only when a bill falls due.

Under [Maybank’s account terms](https://www.maybank2u.com.sg/en/business/global-banking/accounts/malaysia-ringgit-current-account.page?ref=southeastasiaconnect.com), applicants must be non-Malaysia-registered, non-financial companies with an existing Maybank Singapore-dollar corporate current account. Opening remains subject to bank approval, and invoices or contracts may be required to establish the purpose of a transaction.

Clients may convert from a Maybank Singapore-dollar or foreign-currency account, hold ringgit, pay resident suppliers and receive eligible proceeds. Buying ringgit in advance gives a company a choice over conversion timing, while leaving it exposed to changes in the exchange rate.

Balances can be viewed through Maybank’s business-banking channels. Account opening and transactions use a branch or assisted process; the account is not a fully self-service payment route.

The product adds a way to manage the timing of Malaysia-related receipts and payments within an existing banking relationship. It does not by itself establish a currency saving: that depends on the conversion rate, payment timetable and charges applying to the company’s transactions.