Subcategories are listed below to provide more narrow searching within the Banking category.
Knowledge Base Issues
How can I reclaim funds that go to unclaimed moneys? How do I recover lost bank accounts?
To apply for refund of unclaimed moneys, you have to submit one (1) copy duly completed and signed UMA-7 Form, Application for Refund of Unclaimed Moneys (Malay: Borang UMA-7, Permohonan Bayaran...
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)...
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...
How does the one-sen coins rounding mechanism work?
The Malaysian Government has introduced a Rounding Mechanism to phase out one-sen coins for over-the-counter payments, which has been fully implemented since April 1, 2008. Under the mechanism,...
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...