Business Deposit

Maya Business Deposit is a fully digital deposit product powered by Maya Bank, Inc. for Maya Business clients. It simplifies money management for businesses of any size with a single account that lets you:

• Receive sales revenues
• Transfer funds to any bank or e-wallet via PESONet or InstaPay
• Disburse salaries and benefits to employees
• Earn an interest of 2.5%, a higher rate than what other banks usually offer

Maya Bank, Inc. is a digital bank supervised by the Bangko Sentral ng Pilipinas (BSP). Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to PHP 500,000 per depositor.

Maya Business Deposit accounts earn an interest of 2.5% p.a. for end-of-day balances up to PHP 750,000,000.00, which is accrued daily but awarded on the first day of the succeeding month.

Here's a sample interest computation:

End-of-day Balance as of May 30: PHP 100,000.00
Interest (End-of-day Balance * 2.5% / 365): PHP 6.85
Accrued Interest as of May 30: PHP 6.85

End-of-day Balance as of May 31: PHP 200,000.00
Interest (End-of-day Balance * 2.5% / 365): PHP 13.70
Accrued Interest as of May 31: PHP 20.55 (PHP 6.85 + PHP 13.70)

Interest Payout on June 1: PHP 20.55 (PHP 6.85 + PHP 13.70)
Withholding Tax: PHP 4.11
Net Interest Earned: PHP 16.44

Changes on interest rates will be announced and will take effect immediately.

Earned interest will be credited to your Maya Business Deposit account at the beginning of each month subject to applicable taxes.

Maya Business Deposits is currently only available to select Maya Business Manager merchants. We're working on making this available to all our merchants soon!

Switch your settlement account to Maya Business Deposits in 3 easy steps:

1. Log in to your Maya Business Manager account at maya.ph/business/manager
2. On the top part of the screen, click Convert to Business Deposit icon.
3. Simply follow the instructions and submit the requirements.

Your account will be activated in 3 business days provided that you have completed the requirements. The available balance in your Maya Enterprise Wallet will be transferred soon after.