Stocks
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 and JPY. 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.
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.
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.
Enjoy preferential interest rates and fee waivers for your Maybank SGD, HKD, USD, EUR, GBP and JPY banking accounts. Click here for more details.
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.
| Benefits | Multi-Currency e-Pay | EPS | GIRO | Other Methods |
|---|---|---|---|---|
| Convenience | One platform to trade and pay; integrated into Maybank Trade Online
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 and JPY 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 | Cheque issued on due date |
| 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 cheque or TT |
