How can I open a business bank account in Malaysia?

Which bank is best to open business account in Malaysia?

This best current account in Malaysia is perfect for individuals who often do online banking transactions as well as small and medium enterprises. It allows joint accounts, which is great for business partners.

1. CIMB Bank Basic Current Account.

BEST FOR: Online banking convenience

Can I open business bank account online in Malaysia?

If you are an SME, you can now open a Business Current Account from anywhere you are, anytime of the day, on the AmAccess Biz App! Convenience is in the palm of your hand, and enables you to open and manage all your banking needs digitally! Simple. Secure.

Can I open a business bank account online without going to the bank in Malaysia?

Yes, you can open a bank account online with a Malaysian bank, BUT there’s a prerequisite. Malaysian banks like CIMB and Maybank offer limited products that can be set up online without the need to personally go to the branch. However, this is only applicable to existing clients of the bank.

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What legal documents do I need to open a business bank account?

What do I need to open a business bank account?

  1. Employer Identification Number (EIN) or Social Security Number (SSN) …
  2. Personal identification. …
  3. Business formation documents. …
  4. Ownership agreements. …
  5. Business license. …
  6. Certificate of assumed name. …
  7. Monthly credit card revenue.

What bank is best for business account?

Compare Providers

Best Small Business Bank Accounts
Bank Why We Picked It
Chase Business Complete Checking Best for Rewards
U.S. Bank Silver Business Checking Package Best Brick-and-Mortar Bank
LendingClub Tailored Checking Best Interest-Bearing Business Checking Account

How much does it cost to open a business bank account in Malaysia?

Accounts can be opened with a minimum opening deposit of RM3000 for sole traders, and RM5000 for larger businesses.

Which bank can I open a business account online?

Top 5 Options to Open a Business Checking Account Online

BlueVine. OZK. Bank of America. Axos.

How can I get CIMB business account?

How to Apply?

  1. Step 1 : Download and fill up the Business Account Application Form.
  2. Step 2 : E-mail the form to
  3. Step 3 : Our Customer Service Officers will contact you shortly to set an appointment to visit our branches to verify your supporting documents. Download Now.

How do I open a business bank account?

In case the online application doesn’t work, it is possible to apply through the bank’s branch. Collect the required Know Your Customer (KYC) documents that are required for opening the account. The bank will process the account opening formalities and open the start-up Business Account.

Can I open a bank account online without going to the bank?

Fortunately, you can complete most banking tasks online—even opening your account, in many cases. That means you don’t need to make trips to a branch or print and sign paper forms. It’s all handled digitally, and once your account is open, you can transfer funds and pay bills online.

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How do I open a business bank account in Malaysia?


  1. Bank’s application form.
  2. Company’s rubber stamp (with name & company number).
  3. Board resolution from the company secretary to open bank account.
  4. Certified true copy of company & ssm documents.

Can I make Maybank account online?

Go to Click on ‘Register Now’ on the top right corner. Key in your Card No and PIN. The PIN is your 6-digit ATM/Debit/Credit Card Personal Identification Number (PIN).