Corporate bank accounts help businesses separate company and personal funds while handling daily transactions. Compare seven corporate accounts in Malaysia side-by-side
- Maybank, OCBC, CIMB, RHB, UOB, Standard Chartered and Hong Leong Bank offer corporate accounts with different deposits, fees and account features in Malaysia
- Most featured accounts require a minimum balance starting from RM1,000 with fall-below fees applying when the required balance is not maintained
- The World Account is a multi-currency account that supports receiving payments in USD and MYR alongside sending USD, MYR and CNH payments
A corporate bank account gives businesses a dedicated account for receiving payments, paying expenses and tracking company transactions. Banks offering these accounts in Malaysia are regulated by Bank Negara Malaysia.
This guide compares seven corporate bank accounts in Malaysia and what each offers. It also explores a multi-currency account offered by WorldFirst supporting international payments.
What is a corporate bank account?
A corporate bank account is a business bank account opened in a company’s name for business operations. It separates company transactions from personal finances and can provide access to digital business banking, higher transaction limits, multi-user access, payment services and other corporate banking facilities.
Top corporate bank accounts in Malaysia: Head to head comparison
| Fee type | Maybank Current Account-i fees1 | OCBC eBiz Account fees2 | CIMB Business Current Account fees | RHB Business Current Account fees6 | UOB Business Current Account fees |
| Monthly account fee | Zero | Zero | Not specified | Zero | RM5 if average balance is less than RM2,0008 |
| Minimum initial deposit | RM2,000 | RM500 |
|
RM1,000 for sole proprietorships and RM3,000 for other businesses and companies | RM10,0007 |
| Minimum balance requirement | RM1,000 | RM1,000 | RM1,0004 | RM1,000 | RM1,0008 |
| Fall-below fee | RM10 half yearly | RM10 half-yearly | RM10 half-yearly4 | RM5 monthly if the daily average balance falls below RM1,000 | RM10 half yearly if average balance is less than RM1,0008 |
| International transfer fee | Not specified | From RM10 | From RM54 | From RM5 | Not specified |
| Business Debit Card | Available | Available | Available at RM154 | Available | Not specified |
| Islamic variant | Yes | Yes | Yes3 | Yes | Yes7 |
1. Maybank Corporate Current Account
The Maybank Current Account is based on Commodity Murabahah.1 It includes a cheque book, unlimited withdrawals at the home branch, online banking through Maybank2uBiz and Maybank2E, and accounting software integration for bank-feed reconciliation.1 The account also offers QR payments, bulk payments, SME financing, commercial cards, and a business debit card.1
| Fee type | Maybank Current Account-i fees1 |
| Monthly account fee | Zero |
| Minimum initial deposit | RM2,000 |
| Minimum balance requirement | RM1,000 |
| Fall-below fee | RM10 half yearly |
| International transfer fee | Not specified |
| Business Debit Card | Available |
| Islamic variant | Yes |
*Fees checked in September 2026
2. OCBC eBiz Account
The OCBC eBiz Account is a digital business account for Malaysian businesses.2 You can manage business finances through the OCBC Business Mobile Banking app and OCBC Velocity, link a business debit card and book FX contracts online.2 It also supports contactless customer payments through OCBC Merchant Terminal and OneCollect.2
| Fee type | OCBC eBiz Account fees2 |
| Monthly account fee | Zero |
| Minimum initial deposit | RM500 |
| Minimum balance requirement | RM1,000 |
| Fall-below fee | RM10 half-yearly |
| International transfer fee | From RM10 |
| Business Debit Card | Available |
| Islamic variant | Yes |
*Fees checked in September 2026
3. CIMB Business Current Account
The CIMB Business Current Account is a business bank account for organisations ranging from sole proprietorships and partnerships to larger companies.3 You can open an eligible account online or apply at a CIMB branch and receive the account number on the same day.3 Through CIMB OCTO Biz, businesses can check account information, transfer funds and pay bills online.3
| Fee type | CIMB Business Current Account fees |
| Monthly account fee | Not specified |
| Minimum initial deposit |
|
| Minimum balance requirement | RM1,0004 |
| Fall-below fee | RM10 half-yearly4 |
| International transfer fee | From RM54 |
| Business Debit Card | Available at RM154 |
| Islamic variant | Yes3 |
*Fees checked in September 2026
4. RHB Business Current Account
The RHB Business Current Account supports business banking and cash-flow tracking through RHB Reflex.5 You can transfer funds between your own accounts and to third-party RHB accounts, and receive payment notifications through the mobile app.5 Businesses can also integrate accounting and HR/payroll solutions through RHB Reflex Premium Plus.5
| Fee type | RHB Business Current Account fees6 |
| Monthly account fee | Zero |
| Minimum initial deposit | RM1,000 for sole proprietorships and RM3,000 for other businesses and companies |
| Minimum balance requirement | RM1,000 |
| Fall-below fee | RM5 monthly if the daily average balance falls below RM1,000 |
| International transfer fee | From RM5 |
| Business Debit Card | Available |
| Islamic variant | Yes |
*Fees checked in September 2026
5. UOB Business Current Account
The UOB Business Current Account supports everyday SME banking, with no-cost monthly statements to track transactions and balances.7 You can monitor transactions and balances via UOB Infinity and the UOB SME App.7 The account is available to sole proprietors, partnerships, private limited companies, and more.7
| Fee type | UOB Business Current Account fees |
| Monthly account fee | RM5 if average balance is less than RM2,0008 |
| Minimum initial deposit | RM10,0007 |
| Minimum balance requirement | RM1,0008 |
| Fall-below fee | RM10 half yearly if average balance is less than RM1,0008 |
| International transfer fee | Not specified |
| Business Debit Card | Not specified |
| Islamic variant | Yes7 |
*Fees checked in September 2026
→ Get to know all about the best business bank accounts for SMEs
6. Standard Chartered Business Current Account
The Standard Chartered Basic Current Account is designed for newly established businesses.9 You can issue business cheques and access online banking through Straight2Bank.9 Additional business services include a business debit card and automated payroll services.9
| Fee type | Standard Chartered Business Current Account fees |
| Monthly account fee | Not specified |
| Minimum initial deposit | RM1009 |
| Minimum balance requirement | RM1,00010 |
| Fall-below fee | RM10 half yearly10 |
| International transfer fee | Not specified |
| Business Debit Card | Available10 |
| Islamic variant | Yes9 |
*Fees checked in September 2026
7. Hong Leong Bank Current Account
Hong Leong Bank Business Current Account provides a cheque book facility and monthly statements to help you keep track of business transactions.11 You can also access your account online through the bank’s business banking platform.11 For additional working capital flexibility, eligible businesses can apply for an overdraft facility linked to their current account.11
| Fee type | Hong Leong Bank Current Account fees12 |
| Monthly account fee | Not specified |
| Minimum initial deposit | Not specified |
| Minimum balance requirement | RM1,000 |
| Fall-below fee | RM10 half yearly |
| International transfer fee | Not specified |
| Business Debit Card | Available |
| Islamic variant | Yes |
*Fees checked in September 2026
The World Account for cross-border business payments
For Malaysian businesses dealing with overseas customers, suppliers or e-commerce platforms, the World Account provides a way to handle international payments in multiple currencies. It provides local receiving account details for USD and MYR, so businesses can collect funds and retain balances in those currencies without converting them immediately.
The multi-currency account also supports cross-border business payments, with businesses able to send international payments in USD, MYR and CNH and convert between these currencies within the account. Users can collect payouts from 130+ marketplaces and payment gateways, including Amazon, Shopee, Lazada, Stripe and more.
Additional account features
- Receive and hold USD and MYR through local account details
- Send payments in USD, MYR and CNH overseas
- Convert between USD, MYR and CNH
- Pay 1688 suppliers directly through World Pay, the authorised international payment provider for 1688.com
- Use Firm Orders for USD, MYR and CNH transactions to agree on an exchange rate in advance
FAQs
1. What is the best corporate bank account in Malaysia?
There is no single account that fits every corporate business. Compare the seven accounts above based on eligibility, initial deposit, digital banking, transaction requirements, cheque facilities, foreign currency needs and available business services.
2. What documents are needed to open a corporate bank account in Malaysia?
Requirements vary by bank and company structure. Common documents include company registration records, identification documents for directors and authorised signatories, and a board resolution.
3. How to open a corporate bank account in Malaysia?
Check the bank’s eligibility criteria, prepare the required company and identification documents, complete the application and meet the required initial deposit. Some banks offer online applications, while others may require branch verification.
Sources
- https://www.maybank2u.com.my/maybank2u/malaysia/en/business/deposits/deposit_account/corporate_current_account_i.page
- https://www.ocbc.com.my/business-banking/smes/accounts/ebiz
- https://www.cimb.com.my/en/business/business-day-to-day/deposit-investments/current-account/online-business-current-account.html
- https://www.cimb.com.my/en/business/help-and-support/rates-charges/interest-rates-charges/fees-charges/current-account.html
- https://www.rhbgroup.com/business/sme-banking/deposits/current-account/index.html
- https://www.rhbgroup.com/others/service-charges/index.html
- https://www.uob.com.my/business/accounts/business-current-account.page
- https://www.uob.com.my/business/help-support/rates-fees/account.page
- https://www.sc.com/my/business-banking/accounts/business-current-account/
- https://av.sc.com/my/content/docs/my-scbmb-fees-and-charges-booklet.pdf
- https://www.hlb.com.my/en/business-banking/business-and-corporate-banking/deposits/current-account/business-current-account.html
- https://www.hlb.com.my/en/personal-banking/help-support/fees-and-charges/deposits.html
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
