How to Open a Savings Account

When opening a Savings Account, you are required to :-

Furnish the particulars required to open the account and declare that all the information is correct.
Undertake to inform the Bank of any changes to your details.
Provide the Bank with all such documents/forms, as may be prescribed by the Bank, together with your specimen signature for sighting/verification by the Bank's authorised officer.

Documents Required to Open a Savings Account are as follows:

Identification Document (e.g. MyKad, Passport, Birth Certificate, etc.) of all individuals operating the account.
For a non-resident individual, he/she must fulfil one of the following conditions and must produce the relevant supporting documents.
1. A valid work permit;
2. A Marriage Certificate if the applicant is married to a Malaysian;
3. A Conditional Approval Letter for Malaysia My Second Home Programme (MM2H)/Premium Visa Programme (PVIP) from the respective Government Body in-charge;
4. Visa/Pass/ePass;
5. A valid student pass and a Letter of Confirmation (LoC) from the College/Institution; or
6. A valid LoC issued by Education Malaysia Global Services (EMGS), Company Limited by Guarantee under the purview of the Ministry of Higher Education Malaysia.

Business Registration Certificate (Form D)
Business License Forms (2 pages)
1. Business Information (Page 1)
2. Latest Owner Information (Page 2)
Identification Document (e.g. MyKad, Passport, etc.) of the sole-proprietor/partners

Section 17 – Certificate of Incorporation
Section 14 – Application for Registration of a Company
Section 58 & 236(2) – Notification of Appointment of the First Company Secretary
Company’s Constitution (Memorandum & Articles of Association) [Mandatory for companies limited by guarantee to have a Constitution]
Resolution of the Company’s Board of Directors (duly certified by the Chairman and the Secretary of the Company) specifying the following:-
1. Appointment of Bank and Branch to open the account;
2. Names and specimen signatures of the Officials/Directors/Signatories;
3. Method of signing (mode of operation) and endorsing bills and promissory notes;
4. Authority to overdraw the account;
5. Specimen of Chop or Rubber Stamp of the Company;
6. Undertaking by the Company to notify the Bank via certified Resolution of all future changes affecting the mandate; and
7. Authority to transfer funds from the account to any other account on behalf of the Company.
Identification Document (e.g. MyKad, Passport, etc.) of all the directors/signatories.

Form 9 – Certificate of Incorporation
Form 24 – Return of Allotment of Shares
Form 49 – Return giving particulars in Register of Directors, Managers and Secretaries and Changes of Particulars.
Resolution of the Company’s Board of Directors (duly certified by the Chairman and the Secretary of the Company) specifying the following:-
1. Appointment of Bank and Branch to open the account;
2. Names and specimen signatures of the Officials/Directors/Signatories;
3. Method of signing (mode of operation) and endorsing bills and promissory notes;
4. Authority to overdraw the account;
5. Specimen of Chop or Rubber Stamp of the Company;
6. Undertaking by the Company to notify the Bank via certified Resolution of all future changes affecting the mandate; and
7. Authority to transfer funds from the account to any other account on behalf of the Company.
Identification Document (e.g. MyKad, Passport, etc.) of all the directors/signatories.

Notice of Registration of the LLP issued by the Registrar of LLP.
Register of the names, particulars and address of each Partner and Compliance Officer.
LLP Agreement (in the absence, print a copy of the Second Schedule of the LLP Act [pages 57-88]).
Resolution passed according to the terms as stated in the LLP Agreement OR by a majority of the partners of the LLP resolving the following:-
1. Appointment of Bank and Branch to open the account.
2. Names and specimen signatures of the Authorised Signatories.
3. Method of signing (mode of operation).
Identification Document (e.g. MyKad, Passport, etc.) of all the partners/signatories.

Note:-

How to open a Savings Account