Unlock a world of convenience and efficiency by integrating Maybank seamlessly into your SQL Account. Transform your financial operations with Maybank’s Auto Bank Recon feature, enabling automatic reconciliation, effortless payment collection, and seamless bank feeds – all through a secure pathway.
Exciting News! 
Now you can seamlessly connect your Maybank Business Accounts to SQL Account for automated accounting process, real-time cash flow management, enhanced business efficiency, all within a secure banking environment.
Enjoy the benefits:
- SECURELY connect SQL Account with Maybank
- AUTOMATE bank reconciliation with Maybank SME Accounts
- JomPay Bill payments
- REAL-TIME account balance with cheque float in SQL Account
Dont Have Maybank Business Account yet?
Open your Maybank Business Account today! Whether you’re a sole proprietor or a non-sole proprietor, signing up for a Maybank business account unlocks a comprehensive platform designed to empower your business.
Here’s what you’ll enjoy:
Sole Proprietors
Non Sole Proprietors
Simply click the button below to initiate your application. Maybank will recommend the best-suited business account for your specific needs.
Say Goodbye to Tedious Bank Reconciliation
Introducing Auto Bank Reconciliation with Maybank!
With just a click of a button, Auto Bank Reconciliation seamlessly connects your SQL Account system directly to Maybank’s secure feed. Your bank statement transactions automatically flow into your accounting software. The system then intelligently matches transactions, saving you precious time and effort.
No more manual cross-checking:
Forget the days of manually comparing bank statements to your accounting system. Auto Bank Reconciliation does the heavy lifting for you, automatically matching transactions between your accounts in both systems.
No more downloading PDFs:
Ditch the tedious process of downloading and importing bank statements. Auto Bank Reconciliation connects directly with Maybank, pulling your transaction data in real-time.
One-click auto bank reconciliation with complete security:
Reconciliation, simplified and secured. Skip complex setup and manual cross-checking. Just click and watch your bank transactions securely flow through a protected path into your accounting system. And the best part? Auto Bank Reconciliation is available now for FREE to all Maybank account holders and SQL Accounting software users! Sign up now to get FREE 6 months of SQL Cloud Accounting, no risk, no credit card required.
How Maybank Auto Bank reconciliation Work?
Learn how to connect your Maybank Business Accounts to SQL Accounting
About Maybank Auto Bank Reconciliation
- Why is Maybank “partnering” with other third solution providers, and how does it help me?
We understand that a business’s needs go beyond just banking, and we aim to make running and growing your business easy and efficient by securely integrating with third party solution providers to collaborate in creating features that would solve your pain points across a range of industries. For example – we first partnered with accounting service providers to automate the currently manual process of bank reconciliation (recon) by transmitting Maybank account transaction records to our accounting partners for auto bank reconciliation all on one platform.
- What exactly is this Auto Bank Reconciliation (Recon) function?
By partnering with Maybank, these chosen accounting providers bring you an auto-recon function that dramatically frees up your time and effort. Link your Maybank SME CASA accounts to perform auto bank recon on the accounting partner’s platform at the click of a button. This process requires minimal human supervision and manual intervention hence allowing your business to increase speed, efficiency, and accuracy by eliminating bookkeeping tasks.
- Am I eligible for this service?
As a Maybank SME CASA account holder, you will be eligible to link your account(s) to enjoy the Auto Bank Recon feature.
Please refer to this cheat sheet for further information.
- Which of my Maybank accounts can be linked?
Any of your SME / Business Current and Savings accounts (both Conventional and Islamic) may be linked to our selected accounting service provider platforms.
- Why should I link my bank feed to my accounting service provider?
By connecting your Maybank account to your accounting service provider, you can run your business with less worry and more efficiency. By linking your bank feed, your accounting software will be able to retrieve your Maybank SME business account transactions and initiate an auto-reconciliation with little to no manual work. The auto-reconciliation process matches your bank transactions to your ledger values to ensure smoother bookkeeping.
By linking your bank feed directly to your accounting service provider, you will be better able to track your cash flow, detect fraud, detect bank errors, and stay on top of your accounts receivable.
- How do I link my bank feed to my accounting service provider?
If your accounting service provider is partnered with Maybank, you will be able to link your Maybank account(s) to use this auto-reconciliation feature.
Linkage Flow - Sole Proprietor
Follow the steps below to link your account:
Step 1: Log in to your accounting service provider's platform.
Step 2: Locate the Maybank link or connect button (Please refer to your accounting service provider's FAQ/ journey if further clarity is needed).
Step 3: Click to “Connect” and you will be redirected to Maybank's secure platform for further identity verification/ authentication.
Step 4: Log in using your Maybank business account ID and password.
Step 5: Read the snapshot summary of terms of use and click "Proceed to link".
Step 6: Choose a maximum of three accounts to link and confirm.
Step 7: Authorise your Secure2u and once verified, the link will be established. You may return to the accounting provider platform to perform auto-recon.
Linkage Flow - Non-Sole Proprietor
Follow the steps below to link your account:
Step 1: Maker to log in to your accounting service provider's platform.
Step 2: Maker then needs to locate the Maybank link or connect button (Please refer to your accounting service provider's FAQ/ journey if further clarity is needed).
Step 3: Maker will click to “Connect” and you will be redirected to Maybank's secure platform for further identity verification/ authentication.
Step 4: The Maker will then log in using their Maybank business account ID and password.
Step 5: Read the snapshot summary of terms of use and click “Proceed to link”.
Step 6: Choose a maximum of three accounts to link and confirm.
Step 7: Maker needs to authorise their Secure2u/SMS TAC and once verified, a notification will be sent to the Checker for approval.
Step 8: The Checker will then need to log in to their existing M2U BIZ app and approve the Linkage request now listed under the “Approvals” section.
Step 9: Once Checker has authorised via Secure2u, the linkage will be established. You may return to the accounting provider platform to perform auto-recon.
- How many times do I have to perform this linkage?
You’ll only have to link once to enjoy unlimited use of the Auto Bank Recon feature.
- How secure is linking my Maybank accounts to selected accounting partners?
Maybank and your accounting service provider work together to ensure your data is transmitted safely and securely using systems audited regularly to comply with industry standards. In order to establish a link, you will be required to login securely using your Maybank username and password for identity verification. Our system flows have been subject to rigorous testing and scrutiny, and include further identity authentication from the backend as well as Secure2u.
- Does the bank feed transfer the latest transaction data to the partners?
Once successfully linked, the accounting service provider will receive the latest transaction records from Maybank, ensuring an up-to-date reconciliation.
- Is there a cost for enabling auto-reconciliation?
This auto-recon feature is included in the cost of your accounting software application. Please refer to your accounting service provider for their respective terms and conditions.
*No handling fees/commission are paid to any agent/advisors and/or Maybank employees.
- I use multiple bank accounts for my business. Can I link all of them?
Yes. Businesses may link up to minimum of one and maximum of three SME CASA accounts to their accounting software service provider, as long as all three accounts are under Maybank.
- How do I know if linkage has been established?
You can check the status of your linked accounts on the M2u website(Sole Props) or M2U Biz App (Non Sole Prop). You may also view the status of your linkage on the accounting service provider’s platform. A “Connected” status label means you have successfully linked your Maybank account(s) to your accounting service provider.
- Will my accounting service provider have access to my bank account?
No. Your accounting service provider will not have any type of access to your bank account, nor be able to utilise it in any way.
- 15. Can I unlink my account(s)?
Yes. You may unlink your accounts any time, via either Maybank’s or your accounting service provider’s platform. Note that unlinking your account will mean you have to go through the linkage journey again if you’d like to continue using the bank auto reconciliation feature.
Here are some guidelines you might find helpful:
Un-Linkage Flow - Sole Proprietor
Sole Props can unlink from the M2U Internet banking platform by following the steps below:
Step 1: Log into your Maybank business account via M2U.
Step 2: Go to Settings and navigate to the Pay & Transfer tab.
Step 3: Select Linked Accounts within the left side menu.
Step 4: Under the Other Partner Services section, select the More Actions icon.
Step 5: Click to unlink, and confirm with S2u to complete the un-linkage process.
Un-Linkage Flow - Non-Sole Proprietor
Non-Sole Props [Checker-Role] can unlink from the M2U Biz App by following the steps below:
Step 1: Checker Logs into to their existing M2U BIZ app.
Step 2: Go to the Menu Bar > Settings and navigate to the Linked Accounts tab.
Step 3: Select tab with the Partners Name and the Account linked to it on the screen, then click on the unlink button.
Alternative: Checker can also swipe to the left and click the unlink icon.
Step 5: Checker will then confirm with S2u to complete the process.
Un-Linkage Flow - Partner Platform
To unlink from your accounting service provider’s platform, please proceed to their homepage and follow the instructions on their FAQ page.
- I’m an accountant, can I make use of this auto bank reconciliation feature on my client’s behalf?
Of course. Once your client links their chosen Maybank account(s) to the accounting service provider, you may start to use auto bank recon. Business owners are advised to give consent to their external accountant at their own discretion.
Maybank SME Customers Special Offer
This exclusive offer is only for Maybank SME account holders who subscribe to a new SQL account
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Exclusive offer for Maybank SME Customers
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- SECURELY connect SQL Account with Maybank
- AUTOMATE bank reconciliation with Maybank Business Current Accounts
- REAL-TIME account balance with cheque float in SQL Account
- JomPay Bill payments
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Step into the world of convenience and efficiency
- SECURELY connect SQL Account with Maybank
- PAYMENT initiate from SQL Account
- AUTOMATE bank reconciliation with Maybank Business Current Accounts
- REAL-TIME account balance with cheque float in SQL Account
- JomPay Bill payments
