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 and has the mental and physical capacity to operate the account properly

For business owners and professional entities, they must ensure that they are properly registered with the relevant authorities.

However, a bank has the discretion to accept or decline an application to open the account.

You can open a current account with any commercial bank or Islamic bank.

Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)

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Knowledge Base ID :   1328
Last Reviewed :   April 30, 2014
Source :   BankingInfo
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