Malaysia Bank Account Opening Service

Opening a corporate bank account in Malaysia is essential for managing your business finances and to carry out the day-to-day transactions of your business. Malaysia's banking sector is robust and offers a wide range of corporate banking solutions tailored to support businesses of all sizes. Conpak are here to help guide you through the process.

Advantages of Opening Bank Account in Malaysia

• Political diversification
• Convenient access to funds
• High-security level and Confidentiality
• International investment opportunities
• Foreign exchange service benefits
• Great lending and credit facility
• Asset protection

Advantages of Having Conpak Assist in Making Appointment for Account Opening

• Conpak has a long-term and stable cooperation relationship with international banks in Malaysia
• High comprehensive rating for internal secretary of bank agency, good reputation
• Accurately and effectively providing detailed and professional bank account opening advice to customers
• Providing timely follow-up to the approval process and professional subsequent guidance for bank account opening

Required Documents

• Company registration particulars, such as Company Registration Certificate, Constitution, Incorporation Form or Annual Return, etc
• Identification of shareholders, directors, signers and proof of address in the last 3 months
• Business proof materials such as orders, purchase and sales invoices, contracts, bills of lading, etc
• Registration particulars of affiliated company
• Personal and affiliated company's bank transaction records in the last 3 months

Methods of Opening Bank Account in Malaysia

• By visiting in person: The directors visit a bank in Malaysia in person. Under normal circumstances, the signature documents required for opening an account can be completed on the same day. The account opening is expected to be completed within 20 working days (specifically depending on the bank's approval time)
• By video conference: The directors will visit the bank branch of its home country. The process is witnessed by the staff of the branch. It takes 30 working days to open an account (specifically depending on the bank's approval time)

Procedures of Opening Bank Account in Malaysia

• Submitting a bank account opening application
• Approval by the Due Diligence Department of the bank
• Final account number issued upon approval from the Due Diligence Department
• Check Book delivered
• Password for online banking delivered
• Activating online banking password
• First log-in of online banking service
• ATM card and password delivered or obtained
• Deposit start-up funds

Should you have any enquires about Malaysia Bank Account Opening Service, please complete the form below and we will reply to you soon.