Maybank multi-currency account review for Malaysian businesses

The Maybank multi-currency account is available to individuals in Malaysia. Look at what the account offers along with the costs involved

Key takeaways

• Maybank Global Access Account-i is a personal multi-currency current account supporting 18 currencies
• The account has a RM50 minimum initial deposit, no minimum balance requirement and zero account opening and annual fees
• The World Account is a multi-currency account for businesses with USD and MYR receiving accounts and USD, MYR and CNH sending capabilities

The Maybank Global Access Account-i is a Shariah-compliant multi-currency account offered by Maybank Islamic, part of Maybank Malaysia.¹ It comes with a multi-currency debit card and offers digital banking as well.^1,2

While the account carries zero account opening charges, it has a RM50 minimum initial deposit requirement and is available only as a personal account.^1,3 So, businesses cannot open this account and access features like bulk payouts, custom spending limits, and more.

This review covers the account’s fees, eligibility, features and application process. It also explores a multi-currency account for businesses, the World Account, by WorldFirst.

What is the Maybank multi-currency account?

Maybank Global Access Account-i is a personal multi-currency current account that allows users to hold up to 18 currencies within one account.¹ The supported currencies include MYR, AUD, EUR, GBP, HKD, JPY, SGD, USD, and more.³

The account is available to individuals aged 18 or above with a valid MyKad, Police ID or passport, a Malaysian registered phone number and address.¹ Existing Maybank or Maybank Islamic customers need an active current or savings account to apply for the account.¹ The Global Access Account-i is protected by PIDM up to RM250,000 for each depositor.¹

→ Looking for a Maybank business account? Here’s everything you need to know about it

Quick look: pros and cons of the Maybank multi-currency account

Key features of the Maybank multi-currency account

Supported currencies

Global Access Account-i supports 18 currencies, allowing customers to hold balances in MYR and multiple foreign currencies within the same account.¹ The listed currencies include MYR, AED, AUD, BND, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, QAR, SAR, SEK, SGD and USD, alongside others.¹

Online banking access

Global Access Account-i is accessed through the MAE app, where customers can view their balances, convert currencies and track transactions.^1,2 The account provides real-time currency conversion in the app, with zero currency conversion fees.⁴

Foreign currency deposits/withdrawals

Global Access Account-i supports foreign currency funding through currency conversion in the MAE app and inward Foreign Telegraphic Transfers (FTT).^1,5 FTT uses the SWIFT network to send international payments between banks.⁵

Within Malaysia, withdrawals are available only in MYR.³ Customers can also make outward FTTs, with online transfers available through Maybank’s digital banking channels and applicable transaction limits and charges.³

→ Know more about international payment methods in Malaysia

Global Access Mastercard World Debit Card

The account comes with a Maybank Global Access Mastercard World Debit Card.⁶ The card can be used for purchases and ATM withdrawals (first four at no-cost, RM0.50 per withdrawal thereafter) locally and overseas, with transactions available in the 18 supported currencies.⁶ The daily purchase limit with the card is RM3,000, while customers can set a daily limit of up to RM20,000.⁶ The card is valid for seven years.⁶

Maybank multi-currency account fees: the breakdown

*Fees checked in September 2026

Who can open a Maybank multi-currency account?

The Maybank Global Access Account-i is available to individuals rather than businesses.¹ Applicants must be Malaysian citizens aged 18 or above and have an active Maybank or Maybank Islamic current or savings account.¹ New Maybank customers must first open an eligible current or savings account before applying for the Global Access Account-i.¹

How to apply for a Maybank multi-currency account

1. Meet the eligibility requirements: Ensure you meet Maybank’s eligibility criteria and have an active Maybank or Maybank Islamic current or savings account.
2. Open the MAE app: Log in to the MAE app and select the option to apply for a new account.
3. Select Global Access Account-i: Choose Global Access Account-i, review the pre-filled details and confirm the debit card delivery information.
4. Make the initial deposit: Complete the application by making the minimum initial deposit of RM50.¹

The World Account: A multi-currency account for Malaysian businesses

The World Account is a multi-currency account from WorldFirst, an international payments provider, designed for business cross-border operations. In Malaysia, businesses can receive USD and MYR and hold these balances. Businesses can also send USD, MYR and CNH payments, and convert between these three currencies.

Businesses can receive international payments from 130+ marketplaces and payment gateways through local receiving details. Firm Orders are also available for USD, MYR and CNH transactions, to lock in an exchange rate for a future currency conversion or payment, rather than converting immediately.

Here are some of the many features of the World Account 

• Receive USD and MYR through dedicated local receiving account details
• Send international payments in USD, MYR and CNH and convert between them as and when needed
• Get access to World Pay, the authorised international payment provider for 1688.com, supporting payments to Chinese suppliers buy from 1688 from Malaysia
• Receive marketplace payouts from 130+ platforms like Amazon, Lazada, Shopee, and more

Maybank multi-currency account vs the World Account: feature comparison

FAQs

1. What is the Maybank multi-currency account?

Maybank Global Access Account-i is a personal multi-currency current account supporting 18 currencies.¹

2. What is the minimum balance for a Maybank multi-currency account?

There is no minimum balance requirement.¹ But a minimum initial deposit of RM50 is required.¹

3. What is the difference between a Maybank multi-currency account and the World Account?

Maybank Global Access Account-i is a personal account, while the World Account is a multi-currency account for cross-border payments and collections for businesses.¹

Sources

1. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/services/digital_banking/maybank-global-access.page
2. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/services/digital_banking_listing.page?category=products_and_services
3. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/accounts/current/global-access-account-i.page
4. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/services/digital_banking/maybank-currency-exchange.page
5. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/faq/accounts_and_banking/foreign_telegraphic_transfer.page
6. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/cards/debit/global-access-mastercard-world.page

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.