Knowledge Base Issues

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 types of current account are available in Malaysia?
As an individual, you can open the following current accounts: Personal current account under your name; or Joint current account which is operated by you jointly with others, e.g. Any one of the...
What should I do if I found that some cheques missing from my cheque book?
You should report this to your bank immediately and request for stop payment on these cheques. You will be charged a stop cheque fee. Bank service fees are different - typically between RM10.00 to...
How do I use a current account?
You can start using your current account once it is approved by your bank. Withdrawals from your account (subject to the available balance in the account) can be made either through cheques or ATM...
If a cheque is made payable to a company, e.g., ABC Sdn. Bhd or 'bearer', can the 'bearer' of the cheque encash it over the counter?
No. Generally banks will require you to deposit it into the account of ABC Sdn. Bhd. to reduce the incidence of fraud.

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