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Maybank Singapore launches ringgit accounts with fee-free transfers

Original: 马 来 亚 银行

Maybank has introduced ringgit-denominated accounts in Singapore, allowing businesses to make cross-border transfers to Malaysia without paying fees. The move targets companies with regular trade and payment flows between Singapore and Malaysia, and is being reported in Malaysian business media. Commenters see it as a bid to capture more of the Singapore-Malaysia corporate banking market.

Why now: Maybank's new fee-free cross-border payment offering is relevant to businesses trading between Singapore and Malaysia.

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