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Maybank business bank accounts for december 2022 in the Philippines

Maybank
Open a business account at Maybank. On 04.12.2022 there are 1 options available to you.

Offers: 1

Updated:
17.10.2022
09:27
Business Checking Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
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Effective interest rate on the product

0.25%
Open a business account on favorable terms!
Open a business account on favorable terms!

Use the system for selecting the most profitable business account online!

Other types of business bank accounts

How to open a business bank account

Fill out your application
Fill out your application

On our website you can fill out a short application form for a business bank account.

Send your application online to the suggested banks
Send your application online to the suggested banks

After the parameters being checked, you will be able to send your application to the appropriate companies.

Wait for a response from the bank
Wait for a response from the bank

If necessary, a bank specialist will contact you to clarify the details.

Open your account!
Open your account!

Sign the contract and open your account online or at the bank's branch.

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BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
Maybank business bank accounts for december 2022

The Maybank business checking account gives companies and SMEs access to the money they need. The checkbook and record book are the access points for the checking account. Additionally, it earns interest at 0.25% to maximize the value of your funds.

  • Payment solutions. Maybank can handle the check writing and releasing procedures for you. In this case, you can instruct the bank to send payments using managers or corporate checks. Check cutting also reduces expenses by reducing the need to buy checks and vouchers. Additionally, automating your manual operations boosts productivity, aids in maintaining security, control, and secrecy.
  • Cash management. You can utilize the Windows-based front-end software to pay your employees' salaries into their Maybank ATM accounts.
  • Collection services. Maybank also provides your business with the check and cash collection services. Using these collection services, you can deposit cash or checks without leaving your premises.

How to apply for a Maybank business bank account?

Once you have gathered all your supporting documents and are ready to apply, visit the nearest Maybank branch. There, you can chat with an agent about opening an account. Then, fill out any appropriate forms, provide them with copies of your documentation and an existing bank statement if you already have one. If not, they will create an account for you right away.

Requirements for a Maybank business bank account

The following are some conditions for creating a business account with Maybank.

General requirements

  • Properly executed Memorandum of Agreement.
  • Articles of Partnership or Cooperation and by-laws.
  • Notarized resolution or agreement naming Maybank as your depository bank. It also names the authorized signatories or Treasurer-In-Trust and partnership to open an account.

For businesses

You need a DTI Certificate of Registration of Business or Trade Name for sole proprietorships. For current and foreign currency accounts, it is necessary to submit documentation of your most recent billing address, such as a utility bill or a credit card statement from a company.

For partnership

  • Securities & Exchange Commission (SEC) registration confirmation.
  • List of partners, together with beneficial owners, if any.
  • Submit the Mayor's business permit for the current year.

For corporation

  • Secretary's Certificate of Incumbent Officers.
  • List of directors, significant investors who each own at least 2% of the company's capital stock, and beneficial owners, if any.
  • Mayor's current-year business license

For cooperative

  • Cooperative Development Authority-issued Registration Certificate.
  • Secretary's Certificate of the lawfully elected committee members or governing body members of the cooperative.

Valid IDs

  • Passport
  • Driver's license
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Barangay Certification
  • Senior Citizen Card
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman's Book
  • Voter's ID
  • Alien Certificate of Registration (ACR)
  • Immigrant Certificate of Registration
  • Government Office and Government-Owned and Controlled Corporations (GOCC) ID like AFP or HDMF IDs.

Pros and cons of a Maybank business bank account

Check out the pros and cons of a Maybank business account below:

Pros

  • You can also use their other services, such as online and mobile banking, to make transactions quickly and easily.
  • You can pay bills and other expenses automatically online.

Cons

  • Your enterprise can only withdraw ₱50,000 from an ATM daily or ₱20,000 in a single transaction.
  • Your business can only transfer ₱30,000 per day to other Maybank PH accounts by ATM. In contrast, transfers to other Maybank PH accounts via M2U are limited to ₱100,000 per day.

FAQ

Am I allowed to have multiple Maybank business accounts?

No. Maybank only offers a business checking account, so you cannot have numerous business bank accounts.

What makes a Maybank business bank account necessary?

With a Maybank business bank account, you can effortlessly manage and track your finances. Deposits and withdrawals are both possible at any branch. You may also view your transactions in real-time and schedule automated transfers between accounts. Additionally, you can set up alerts to send you an email or text message if specific amounts are added to or deducted from an account.