Knowledge Base Issues

Who is eligible to open a current account in Malaysia? Where can I open a current account in Malaysia?
Different banks have different criteria for opening a current account. Generally, banks would only consider the application if the applicant is: 18 years old or above not a bankrupt of sound mind...
What is the legal definition of cheque under written law of Malaysia?
Under Section 73 (1) of Bills of Exchange Act 1949 (Act 204), a cheque (cheque in British English; check in American English) is defined as: Section 73 (1) of Bills of Exchange Act 1949 (Act 204)...
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...
Who is responsible for dishonouring my cheque?
The paying bank is responsible for determining whether payment should be made to you.
What are the requirements for opening a current account in Malaysia?
Requirements To Open A Current Account You must be physically present at the bank You need an introducer acceptable to the bank. This is to enable the bank to obtain references on you. Normally,...

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