Knowledge Base Issues

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,...
What can I do if the cheque I banked in was returned to me for reason "account closed"?
You will have to recover the amount directly from the person who issued the cheque to you.
What is a post-dated cheque? Can I deposit or cash a post-dated cheque? Is post-dating a cheque illegal?
A post-dated cheque is a cheque issued with a written date in the future or dated after the date of issue. Section 13 (2) of Bills of Exchange Act 1949 (Act 204) A bill is not invalid by reason...

1 2 3 4 5 6 7 8