Here’s how to open Maya Business Deposit account
HOW TO OPEN MAYA BUSINESS DEPOSIT ACCOUNT? – This article will teach you the step-by-step process on how to open your account.
Powered by Maya Bank, Maya Business Deposit is a fully digital deposit product for Maya Business clients. Maya Business Deposit simplifies money management for businesses of any size with a single account.
With this, those who have an account can receive sales revenues, disburse benefits and salaries to employees, transfer funds to any e-wallet or bank through PESONet or InstaPay, and earn an interest of 2.5% per annum.
How to open an account?
As of this writing, Maya Business Deposit is only available to select Maya Business Manager merchants. Maya is working on making this product available to all merchants soon.
Requirements
If you are an existing Maya Business Manager client, you need to provide the following on your Maya Business Manager account: Updated business details and documents, valid Proof of Identity of Ultimate Business Owner or Authorized Signatory, agreement to the Terms and Conditions and Data Privacy Statement, and additional documents depending on your business type.
| Business Type | Additional document |
| Sole Proprietor | DTI Certificate of Registration |
| Partnership | SEC Registration Notarized Partners’ Resolution duly certified by the partners’ secretary with dry seal, or other equivalent document, authorizing the signatory to sign on behalf of the entity |
| Corporation D8 | SEC Registration Latest General Information Sheet (GIS) Notarized Board resolution duly certified by the corporate secretary with dry seal, or other equivalent document, authorizing the signatory to sign on behalf of the entity |
Maya team will be getting in touch to you through a video call in 1-2 business days in order to verify your application.
After submitting your valid and complete documents, the verification is expected to take up to 3 business days. You will then receive a notification once your account is ready. In some cases, additional requirements may be requested.
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