Maybank offers financial package for registered charities

They offered the first recyclable grant in Singapore.

Maybank has launched a suite of financial solutions for registered charities in Singapore.

Maybank myimpact Community Package will be offered to all charities registered with the Singapore’s Commissioner of Charities and who have a Maybank business account. The solutions are aimed at helping them scale up and improve their operational efficiency.

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Charities are offered preferential Singapore dollar deposit rates, a free SGQR label for payment collections via PayNow, and the potential to receive up to S$150,000 in recyclable grants and networking opportunities through the Maybank Momentum Grant.

This is reportedly the first recyclable grant in Singapore, which supports more than 17 charities and over 25,000 beneficiaries.