Company Current Account (CACO)

Company Current Account

Protected by PIDM up to RM250,000 for each depositor

Features & Benefits

Includes:-

  • Cheque book facility
  • Monthly statement
  • Corporate Internet Banking
    • Up to 6 months statement available to ease your expenditure tracking
    • Statutory payment, collection, and account management

Eligibility

  • Sole Proprietor
  • Partnership
  • Private Limited Company
  • Association/Club/Society
  • Professional Body


Documents & Requirements (Sole Proprietor/Partnership):

  • Minimum initial deposit of RM 2,000
  • MyKad/ Passport of sole proprietor/ partner
  • Form A (Business Registration)
  • Form D (Certificate of Registration)
  • Trading Business License (for East Malaysia only)
  • Deed of Partnership (for Partnership only)
  • Letter of Indemnity (for Sole Proprietor’s ATM card holder)

Requirements (for Company current account)- Company Incorporated BEFORE 31/1/2017:

  • Minimum initial deposit of RM 2,000
  • MyKad/ Passport of all Directors & Signatories
  • Memorandum & Articles of Association
  • Certificate of Incorporation – Form 9
  • List of Directors& Secretary – Form 49
  • Shareholding / Issues & Paid up Capital – Form 24 / Annual Returns (Form 21/ And return; if any)
  • Resolution of Board of Directors
  • Certificate to Commence Business – (for Public Companies only)


Requirements (for Company current account)- Company Incorporated AFTER 31/1/2017:

  • Minimum initial deposit of RM 2,000
  • MyKad/ Passport of all Directors & Signatories
  • Memorandum & Articles of Association (optional)
  • Section 14, Application for Registration of Company
  • Section 17, Perakuan Pemerbadanan Syarikat Sendirian
  • Section 58 & 236 (2), Notification of Appointment of the First Company Secretary
  • Resolution of Board of Directors
  • Certificate to Commence Business – (for Public Limited Companies only)


Requirements (for Association/Club/Society current account):

  • Minimum initial deposit of RM 2,000
  • MyKad/ Passport of all Signatories
  • License or Certificate issued by the Registrar of Society / Sijil Perakuan Pendaftaraan Koperasi from Suruhanjaya Koperasi Malaysia, Local Town Council, Islamic Religious Body
  • Rules & Regulations or Constitution of the Club, Society or Association
  • Minutes of meeting (Resolution)


Requirements (for Professional Body current account):

  • Minimum initial deposit of RM 2,000
  • MyKad/ Passport of all Signatories
  • Current License or Certificate issued by the Professional Board (Firm, Clinic etc)
  • Current License of Practise for each Practitioner (Lawyer, Doctor, etc)
  • Letter to authorisation for opening of current account
 

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How to Apply

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  Contact our Call Centre at +603-8230 2222 or visit the nearest Business Centre nationwide today.

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