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Maybank review

Maybank Singapore Limited

Three stars: a clean ten-year record and protected deposits.

Booking centreSingapore
RegulatorMAS
Legal formLocally incorporated subsidiary
GroupMaybank Group
Websitemaybank2u.com.sg
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PPLI.com
Private Bank Rating
3 out of 5 stars
Editorial assessment on UHNW criteria
Reviewed 6 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
3 out of 5, Q4 2026 edition
Publishedshown as published, not compared
Noneno decision naming this licence holder in ten years
USD 1 millionminimum relationship
The editor's opinion

Why Maybank has three stars

Maybank earns three stars. No final adverse finding against this licence holder in ten years of regulatory and court records. What a family should weigh: few private banking services are published for this booking unit. The file does not yet show how the law protects custody assets in this centre and the custody terms. These points carry no weight until they are documented.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.

Where Maybank stands out

  • No final adverse finding against this licence holder in ten years of regulatory and court records.
  • Deposits are covered by a statutory protection scheme.
  • Most fees are published.
  • No politically exposed person holds a significant stake.

What to weigh

  • Few private banking services are published for this booking unit.
  • Ownership is only partly public.
  • An owner's home jurisdiction carries a mixed official assessment against money laundering.
  • How the law here would protect custody assets if the bank failed is not yet documented in this file.
  • Custody terms are not published; ask for the agreement before opening an account.
  • No published information on a desk for external asset managers.

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming this licence holder in the last ten years, in the sources listed below.
Matters concerning other entities in the group (1)
20253 March 2025

Penalty for inaccurate credit reporting on financing facilities for three borrowers

On 3 March 2025 Bank Negara Malaysia imposed an administrative monetary penalty of MYR 1.2 million on Maybank Islamic Berhad, the Islamic banking sister company of Maybank Singapore Limited in the Malayan Banking Berhad group. Information on financing facilities for three borrowers had not been submitted correctly to the central credit reference system, leaving inaccurate credit records, and the penalty was paid.

Shown for context only: the decision concerns Maybank Islamic Berhad, not Maybank Singapore Limited, and does not count towards this rating.

Bank Negara MalaysiaFinal decisionPenalty MYR 1.2 millionPrimary source
Clients and standing

Client experience and financial standing

What clients meet at Maybank, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

2.7 out of 5, based on 7 client ratings for this booking centre.

What clients report

The one claim by a customer against the bank to reach a published judgment, decided by the Magistrate's Court on 14 October 2025 ([2025] SGMC 62), concerned the enforcement of a 2019 credit card judgment debt. The court dismissed the claim in negligence and conversion, found that the bank had taken reasonable steps and owed the claimant no duty of care, and ordered him to pay SGD 18,947.13 in costs. The other published judgments name the bank as a creditor in routine debt recovery. The 2024 Malaysian penalties on the parent and a sister company concerned system downtime and regulatory reporting, not the treatment of clients.

Worth raising with the bank

  • Ask whether the bank has its own credit rating or a support commitment from Malayan Banking Berhad, since the ratings shown are those of the parent.

Financial standing

Credit ratings published by the agencies, dated by the latest agency or bank document that confirms them
AgencyRatingOutlookAs ofRated company
Moody'sA3 / P-2 bank deposits; A3 senior unsecuredStableJune 2026Malayan Banking Berhad (parent)
S&PA- / A-2 issuer credit ratingStableApril 2026Malayan Banking Berhad (parent)
JCRA+ foreign currency long-term issuerStableFebruary 2026Malayan Banking Berhad (parent)

In the press

What it costs

What Maybank charges, compared

Maybank does not publish a private banking tariff; the only schedule on its site is written for retail accounts. Its figures are shown below as read on 6 November 2026, so a family knows what the bank puts in public, but they are not compared with the private banking schedules of other banks and earn no fee stars. Private clients of Maybank are priced individually.

FeeMaybankOther banksAgainst the others
Custody and safekeepingeffective rate on USD 25 million0.25% a yearstated as a maximum SourceRetail schedule, shown as published and not compared with private banking terms
Equity tradecommission on a USD 250,000 trade, major exchange0.50%stated as a maximum SourceRetail schedule, shown as published and not compared with private banking terms
Bond tradecommission on a USD 500,000 trade3.00%stated as a maximum SourceRetail schedule, shown as published and not compared with private banking terms
Third party fund subscriptionfee on a USD 250,000 subscription5.00%stated as a maximum SourceRetail schedule, shown as published and not compared with private banking terms
Currency conversionmargin on a USD 1 million spot conversion2.00%stated as a maximum SourceRetail schedule, shown as published and not compared with private banking terms
Minimum annual feeper year, or fee below the asset thresholdUSD 462 a yearSGD 50 per month SourceRetail schedule, shown as published and not compared with private banking terms
Outgoing international transferper transfer, standardUSD 15SGD 20; stated as a maximum SourceRetail schedule, shown as published and not compared with private banking terms
Transfer of securities to another bankper positionUSD 77SGD 100 SourceRetail schedule, shown as published and not compared with private banking terms
Closing the accountone offUSD 20 SourceRetail schedule, shown as published and not compared with private banking terms

Not in the published schedule: discretionary mandate, advisory mandate, account maintenance, lombard loan margin.

Sources.

  1. Schedule of Fees and Charges for Account Servicing and Over-The-Counter Transactions; Schedule of Fees and…, effective from 1 March 2026, read on 6 November 2026

How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.

The bank at a glance

Identity, protection and services

Legal identity

Legal nameMaybank Singapore Limited
LEI549300TVTVALJC1NA695
LicenceQualifying Full Bank; also Exempt Capital Markets Services Entity and Exempt Financial Adviser  Source
RegulatorMAS
Legal formLocally incorporated subsidiary
OwnerMalayan Banking Berhad  Source

Ownership

Group parentMalayan Banking Berhad (listed, Bursa Malaysia)  Source
ControlAmanah Saham Bumiputera (ASB), held through AmanahRaya Trustees Berhad, 30.49%; controlled by a single owner  Source (23 May 2024)
Holder of 10% or moreAmanahRaya Trustees Berhad - Amanah Saham Bumiputera (ASB), 30.49% in Malayan Banking Berhad  Source (23 May 2024)
Holder of 10% or moreEmployees Provident Fund, 12.74% in Malayan Banking Berhad  Source (23 May 2024)
Disclosed holdings of 3% or moreBumiputra Investment Foundation (Yayasan Pelaburan Bumiputra) 6.296%  Source; Kumpulan Wang Persaraan (KWAP) 5.177%  Source

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsMoody's A3 / P-2 bank deposits; A3 senior unsecured (Malayan Banking Berhad (parent)); S&P A- / A-2 issuer credit rating (Malayan Banking Berhad (parent)); JCR A+ foreign currency long-term issuer (Malayan Banking Berhad (parent))
CET1 ratio14.8% (31 Dec 2025)
Total assetsSGD 43.0 billion (31 Dec 2025)
Shareholders' equitySGD 2.4 billion (31 Dec 2025)
Net profitSGD 372.0 million (31 Dec 2025)

Figures for Maybank Singapore Limited. Sources: Maybank Singapore Limited Pillar 3 Disclosure Report Q4 2025; Maybank Singapore Limited Abridged Financial Statements FY2025 (Malay).

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 6 November 2026.

Access and costs

Minimum relationshipUSD 1 million  Source
US personsNot published
Fee schedulePublished, effective from 1 March 2026  Source  Compared below
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionFull banks in Singapore, including local banks and qualifying full banks, are members of the SDIC Deposit Insurance Scheme unless exempted by MAS: S$100,000 per depositor per member. Membership taken from the SDIC rule; the named member list is to be checked. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawNot published
Custody termsNot published

Before opening an account

  • Custody agreement. Ask for the agreement covering the account you would open. Which entity holds the securities, what law governs the account, and where would the assets be held if a sub-custodian is used?
  • Relationship minimum. The published figure cited above is USD 1 million. Ask whether it applies to the proposed mandate and whether assets in related accounts, entities or currencies count toward it.
  • Exit costs. The retail tariff shown in the review comes to USD 77 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees.
Your experience

Rate Maybank

If you bank with Maybank or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Maybank or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

All 16 documents cited on this page, by subject.

Regulatory and legal record

  1. Bank Negara Malaysia: Penalty for inaccurate credit reporting on financing facilities for three borrowers, 3 March 2025bnm.gov.my

Client experience and press

  1. Asian Private Banker: Maybank wins MAS approval for Singapore incorporation of its community financial services, asianprivatebanker.com

Fees

  1. Maybank: Premier pricing fee (PDF)maybank2u.com.sg · Fees

Identity, ownership, finances and services

  1. Monetary Authority of Singapore: 219553 MAYBANK SINGAPORE LIMITEDeservices.mas.gov.sg · Licence
  2. GLEIF: Lei recordsapi.gleif.org · Owner
  3. GLEIF: Direct parentapi.gleif.org · Group parent
  4. theedgemalaysia.com: Nodetheedgemalaysia.com · Control
  5. in.marketscreener.com: Company shareholdersin.marketscreener.com · Disclosed holdings of 3% or more
  6. Maybank Singapore Limited Pillar 3 Disclosure Report Q4 2025maybank2u.com.sg · Financial strength
  7. Maybank Singapore Limited Abridged Financial Statements FY2025 (Malay)maybank2u.com.sg · Financial strength
  8. Maybank: Local incorporation.pagemaybank2u.com.sg · Services
  9. Maybank: Integrated advisory solution.pagemaybank2u.com.sg · Services
  10. Maybank: Index.pagemaybank2u.com.sg · Services
  11. Maybank: Global access account.pagemaybank2u.com.sg · Services
  12. Maybank: Index.pagemaybank2u.com.sg · Minimum relationship

The bank

  1. Maybank, websitemaybank2u.com.sg

For Maybank

Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-MAYBANK-SG-B6ECFC.

Reviewing this file with us

Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.

If you represent Maybank, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.

The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.

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About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Reference BK-SG-MAYBANK-SG-B6ECFC
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