Basic Current Account/-i

Basic Current Account-/i

Features & Benefits

Initial Deposit

Initial deposit of RM500

Interest/Hibah

Non-interest/*Hibah bearing current account/-i
*Hibah (if any) is at sole discretion of the Bank

Islamic Account

A Shariah-compliant under Basic Current Account-i

Cheque books

No fee will be charged on cheque books except for the stamp duty

Online Access

Easy online access to your account with AFFINMAX

Overdraft/Cashline-i Facility

No overdraft/cashline-i facility

Monthly Statement

Availability of monthly statement

Fees & Charges

RM10 half-yearly service fee applies if average balance is less than RM1,000 during the half year period

Note:
- Fees and charges apply
- Protected by PIDM up to RM250,000 for each depositor

Eligibility

Documents and Requirements

Business Registration Certificate (Form D)
Business License Forms
Identification Document i.e. MyKad/Passport of the proprietor/all partners and authorised signatories

Notice of Registration from the Registrar of the LLP
Register of the names, particulars and address of each Partner
Approval Letter from the Professional governing body to form a LLP and a valid Professional Indemnity Certificate (applicable for Professional Practice LLP only)
Resolution passed according to the terms as stated in the LLP Agreement OR by a majority of the partners of the LLP resolving the following:
- Appointment of Bank and Branch to open the Current Account
- Names and specimen signatures of the Authorised Signatories
- Method of signing (mode of operation)
Identification document i.e. MyKad/Passport of all partners and authorised signatories

Certificate of Incorporation (Form 9)
Memorandum & Articles of Association
Latest Form 24 (Companies Act, 1965)
Latest Form 49 (Companies Act, 1965)
Resolution of the Company's Board of Directors stating the following:
- Appointment of Bank and Branch to open the Current Account
- Names and specimen signatures of the Officials/Directors/Signatories
- Specimen of Chop or Rubber Stamp of the Company.
- Undertaking by the Company to notify the Bank via certified Resolution of all future changes affecting the mandate.
- Authority to transfer funds from the Account to any other account on behalf of the Company.
Identification document i.e. MyKad/Passport of all directors and authorised signatories

Section 14 - Application for registration of company
Section 15 - Notification of Registration
Section 17 - Certificate of incorporation/Notice of Registration
Section 58 & 236(2) - Notification of Appointment of the First Company Secretary
Memorandum & Articles of Association [Mandatory for companies limited by guarantee to have a Constitution
Resolution of the Company's Board of Directors stating the following:
- Appointment of Bank to open the Current Account
- Names and specimen signatures of the Officials/Directors/Signatories
- Specimen of Chop or Rubber Stamp of the Company
- Undertaking by the Company to notify the Bank via certified Resolution of all future changes affecting the mandate
- Authority to transfer funds from the Account to any other account on behalf of the Company
Identification document i.e. MyKad/Passport of all directors and authorised signatories

Documents and Requirements

Sole Proprietorship/Partnership/Limited Liability Partnership (LLP)

Minimum initial deposit of RM500
MyKad/Passport for Business Owner/Partners & Authorised Signatories
Form A Business Registration Information Form
Form D (Business Registration) with the latest information
Trading License (for East Malaysia only)LLP Corporate Profile (extracted from Suruhanjaya Syarikat Malaysia ("SSM")(for LLP only)
Notice of Registration from Registrar of LLP (for LLP only)
LLP Agreement (for LLP only)
LLP Mandate Form signed by all partners (for LLP only)
Letter of Indemnity (for Sole Proprietor’s ATM cardholder)
Letter of Authorisation to indicate the intention to open account and manner of operating the account (for Partnership/LLP only)
Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
Practising Certificates (for professional firms)
Registration of Firm with professional association & registration authorities (for professional firms)

Company Incorporated BEFORE 31/1/2017

Minimum initial deposit of RM500
MyKad/Passport for Directors & Authorised Signatories
Memorandum & Articles of Association ("M&A")
Certificate of Incorporation - Form 9
Particulars of Directors - Form 49
Return of Allotment of Shares - Form 24
Resolution of Board of Directors
Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
Practising Certificates (for professional firms)
Registration of Firm with professional association & registration authorities (for professional firms)
Other relevant documents upon request by the Bank

Company Incorporated AFTER 31/1/2017

Minimum initial deposit of RM500
MyKad/Passport for Directors & Authorised Signatories
Notice of Registration by Suruhanjaya Syarikat Malaysia (''SSM'')
Memorandum & Articles of Association ("M&A")(Optional)
Section 14, Application for Registration of Company
Section 17, Certificate of Incorporation of Private Company
Section 15 - Notification of Registration or Section 41(3) - Notice of Conversion, or Section 17 - Certificate of Incorporation
Section 58 - Notification of Change in the Register of Director, Manager and Secretaries (if available)
Section 58 & 236 (2), Notification of Appointment of the First Company Secretary (if available)
Resolution of Board of Directors
Letter of Undertaking for disclosure of beneficiary (ies) information (for professional practice)
Practising Certificates (for professional firms)
Registration of Firm with professional association & registration authorities (for professional firms)
Other relevant documents upon request by the Bank