Banking Subcategories

Subcategories are listed below to provide more narrow searching within the Banking category.

Knowledge Base Issues

What is Unclaimed Money?
Generally, unclaimed moneys are classified into the following categories: All sums of money which are legally payable to the owner and have remained unpaid for a period of not less than one (1)...
What is a dormant bank account? Will funds in my dormant bank account go to unclaimed moneys?
Banking institutions in Malaysia classify a savings or current account as dormant where there have been no transactions 1, either a withdrawal or deposit, in the account for one (1) year. Banking...
What should I know before signing up for online banking?
Prior to signing up for the service, you are advised to read and understand the terms and conditions of the service, which should provide: Information on duties of the banking institution and its...
Do I earn interest on unclaimed money? Will my unclaimed money be repaid with interest?
No, there is no interest payable or accrued on unclaimed moneys. Section 11(3), Part II of the Unclaimed Moneys Act 1965 states that: Section 11 (3), Part II of the Unclaimed Moneys Act 1965 (Act...
Who must comply with Unclaimed Moneys Act 1965? Which companies or societies come under the Act by depositing funds with the Government?
Under the Unclaimed Moneys Act 1965, the following entities must comply with the Unclaimed Moneys Act 1965 by remitting the unclaimed moneys to the Government for safekeeping of the money for the...

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