Knowledge Base Issues

What should I do if a cheque which I have deposited has been returned to me by my bank stamped "refer to drawer"?
Refer to drawer means that clarifications have to be sought from the person who issued the cheque. The reasons may vary from case to case, such as insufficient funds in the drawer's account. In...
What are the duties and responsibilities of a current accountholder?
Some of your duties and responsibilities as an accountholder are: Keep your account numbers confidential and keep your account statements in a safe and secure place Safeguard and keep confidential...
What is a current account?
A current account is a form of deposit account that allows, among others, payment by way of cheques 1. This Knowledge Base category highlights the basic requirements relating to the operation and...
When does a current account become classified as inactive? What happens to inactive current account in Malaysia?
Where there has been no transaction (either a withdrawal or deposit) in the account for a period of seven years, the account will be classified as unclaimed moneys. Under the Unclaimed Moneys Act...
Under what circumstances can a current account be closed?
An account can be closed under the following circumstances: On accountholder's request Accountholder must provide a written request and return any unused cheque leaves for cancellation On...

1 2 3 4 5 6 7 8