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SMEdge/-i Current Account

Features & Benefits

Initial Deposit

 Initial deposit of RM2,000

Interest/Hibah

Non-interest/*Hibah bearing current account/-i
*Hibah (if any) is at sole discretion of the Bank.

Online Access

Manage your cashflow online via AFFINMAX

Islamic Account

A Shariah-compliant under SMEdge Current Account-I

Monthly e-Statement

Provision of e-statement

Standing Instructions

Standing instructions for regular payments available

Note: 
- Standard tariff fees & charges apply 
- Protected by PIDM up to RM250,000 for each depositor

Elegibility

- Sole Proprietorship
- Partnership
- Limited Liability Partnership
- Private Limited Company
- Association/Club/Society/Religious Body


Documents and Requirements

Sole Proprietorship/Partnership

  1. Business Registration Certificate (Form D)
  2. Business License Forms
  3. Identification Document i.e. MyKad/Passport of the proprietor/all partners and authorised signatories

Limited Liability Partnership (LLP)

  1. Notice of Registration from the Registrar of the LLP
  2. Register of the names, particulars and address of each Partner
  3. Approval Letter from the Professional governing body to form a LLP and a valid Professional Indemnity Certificate (applicable for Professional Practice LLP only)
  4. 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:
    • Appointment of Bank and Branch to open the Current Account
    • Names and specimen signatures of the Authorised Signatories
    • Method of signing (mode of operation)
  5. Identification document i.e. MyKad/Passport of all partners and authorised signatories

Company Incorporated BEFORE 31/1/2017

  1. Certificate of Incorporation (Form 9)
  2. Memorandum & Articles of Association
  3. Latest Form 24 (Companies Act, 1965)
  4. Latest Form 49 (Companies Act, 1965)
  5. Resolution of the Company's Board of Directors stating the following:
    • Appointment of Bank and Branch to open the Current Account
    • Names and specimen signatures of the Officials/Directors/Signatories
    • Specimen of Chop or Rubber Stamp of the Company.
    • Undertaking by the Company to notify the Bank via certified Resolution of all future changes affecting the mandate.
    • Authority to transfer funds from the Account to any other account on behalf of the Company.
  6. Identification document i.e. MyKad/Passport of all directors and authorised signatories

Company Incorporated AFTER 31/1/2017

  1. Section 14 - Application for registration of company
  2. Section 15 - Notification of Registration
  3. Section 17 - Certificate of incorporation/Notice of Registration
  4. Section 58 & 236(2) - Notification of Appointment of the First Company Secretary
  5. Memorandum & Articles of Association [Mandatory for companies limited by guarantee to have a Constitution]
  6. Resolution of the Company's Board of Directors stating the following:
    • Appointment of Bank to open the Current Account
    • Names and specimen signatures of the Officials/Directors/Signatories
    • Specimen of Chop or Rubber Stamp of the Company
    • Undertaking by the Company to notify the Bank via certified Resolution of all future changes affecting the mandate
    • Authority to transfer funds from the Account to any other account on behalf of the Company
  7. Identification document i.e. MyKad/Passport of all directors and authorised signatories

Association/Club/Society/Religious Body

  1. Certificate of Registration issued by the Registrar of Society ("ROS")
  2. Letter of Authorisation issued by its Governing Body regulated by the Acts of Parliament (applicable for bodies which do not come under the jurisdiction of ROS)
  3. Certificate of Rules and Regulations of Club/Associations including by-laws
  4. Resolutions of Committee Members
  5. Identification document i.e. MyKad/Passport of the Office Bearers & Authorised Signatories

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Protected by PIDM up to RM250,000 for each depositor

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