Stocks
Multi-Currency
Why trade and pay using Multi-Currency e-Pay?
Multi-Currency e-Pay is a convenient and seamless one-stop
payment service that allows you to trade and pay in SGD, HKD,
USD, EUR, GBP, JPY and AUD. You do away with the need for foreign
currency conversion when you link your Maybank Trade account to
a Maybank account that holds the same currency your stock is
denominated in. There are no hidden costs or service charges and
you even get to enjoy preferential interest rates and fee
waivers for your linked bank accounts.
To make it even more attractive, you enjoy quicker access to
funds as sale proceeds will be credited to your designated
Maybank accounts directly on due date.
How it Works
Multi-Currency e-Pay works by linking your Maybank Trade account with a Maybank account which holds the currency that your stock is denominated in. This allows you to tap directly on the account when you pay and thus eliminates the need for foreign currency conversion which may impact your yield.
No Hidden Costs or Service Charges
Unlike other modes of foreign currency payment like Telegraphic Transfers (TT) or foreign currency cheque issuances where a service charge is typically imposed, there are no service charges imposed when you make payment via Multi-Currency e-Pay.
Option to Set a Back-up Account
Multi-Currency e-Pay allows you to set a secondary account as a backup to your primary account for the deduction of share payments, should your primary account have insufficient funds. This will thus prevent the forced selling of shares due to non-payment.
Not a Maybank Securities client yet?
FAQs
How does Multi-Currency e-Pay compare to other payment methods?
Check out this comparison:
| Benefits | Multi-Currency e-Pay | EPS | GIRO | Other Methods |
|---|---|---|---|---|
| Convenience |
One platform to trade and pay; integrated into
Maybank Trade Select the contracts you wish to pay for |
Have to visit another website and log into your
iBanking account to pay
Select the contracts you wish to pay for or choose to make a lump sum payment for all outstanding contracts |
Cannot select when you wish to pay. Payments are automatically deducted from your account | Trip to broker or ATM required |
| Multi-Currency Support | SGD, HKD, USD, EUR, GBP, JPY and AUD eliminates the need for foreign currency conversion which may otherwise impact yield | SGD Only | SGD Only | Non-SGD payments can be made by cheque or TT |
| Faster Crediting | Credited on Due | Processed on Due | Processed on Due | |
| Back-up Option for Payment |
Ability to set a secondary account Should there be insufficient funds in the primary account, the secondary account will be drawn upon. This will prevent the force selling of shares due to non-payment |
No option for secondary account | No option for secondary account | No option for secondary account |
| Fees | No Fees | No Fees | No Fees | Fees typically imposed for TT |
How Do I Apply?
Existing Maybank Securities Clients
Have a valid personal Maybank account in SGD, HKD, EUR, GBP, JPY, AUD and/or USD.
Download this form and submit the completed form to MSSG Client Services or your Trading Representative.
Have a valid personal Maybank account in SGD, HKD, EUR, GBP, JPY, AUD and/or USD.
Download this form and submit the completed form to MSSG Client Services or your Trading Representative.
