Online Account Opening
When you've got big plans for your business, you want a bank you can rely on.
Find out moreFINANCIAL SUPPLY CHAIN MANAGEMENT
SUSTAINABLE TRADE FINANCE
Johor-Singapore SEZ
Integrates two economies into one ecosystem, unlocking new levels of collaboration
Find out more
UOB Sustainability Compass
Your go-to sustainability guide. Get your customised report today by taking the quiz now.
Take the quiz
-
you are in WHOLESALE BANKING
For Individuals
Personal BankingWealth BankingPrivilege BankingPrivate BankUOB ReferralFor Companies
Foreign Direct InvestmentUOB ASEAN InsightsIndustry InsightsUOB Islamic Banking
Islamic BankingAbout UOB
Corporate ProfileStakeholder RelationsUOB Digitalisation
Benefits
Easy to manage
Receive free monthly statements to stay updated on your transactions and balance.
Stay updated with UOB Infinity/ UOB SME App
Convenient banking with UOB Infinity/UOB SME App & 24-hour Electronic Banking Centres.
Protected
Eligible for protection by PIDM.
Rates & fees
-
Types of fees
-
Amount
| Types of fees | Amount |
| Minimum initial deposit | RM1,000 |
| Stamp duty on cheque book (per leaf) | RM1.00* |
| Cheque processing fee (Effective 2nd January 2015) | RM0.50** |
| Half-yearly service charge • Borrowing account with average balance < RM1, 000 | RM10.00 |
| Monthly service charge • Non-borrowing accounts with average balance < RM2, 000 | RM5.00 |
| Option 1 : No annual fee on ATM card | • 1st 6 over-the-counter transactions: Free • Next over-the-counter transaction: RM1.00 • 1st 8 ATM cash withdrawals: Free • Next ATM cash withdrawal: RM1.00 • First 2 Interbank GIRO transactions: RM0.10 • Interbank GIRO transactions: Click here |
| Option 2 : Annual fee on ATM card | • Annual Fee: RM8.00 • ATM cash withdrawal / over-the-counter transactions: Free |
| Option 3 : For senior citizens with no annual fee on ATM card | • 1st 16 over-the-counter transactions: Free • Next over-the-counter transaction: RM1.00 • ATM cash withdrawal / over-the-counter transaction: RM1.00 |
| Stop payment instruction | RM10.00 per cheque |
| Statement of account | • Hold Mails Charge (For collection only): RM5.00 per cycle (Max RM100.00 per month) • Stamp duty on Hold Mails Instruction: RM10.00 |
| Commitment fee on unutilised OD | Commercial OD account: up to 1% on unutilised line |
| Outward returned cheque | • Due to insufficient fund: RM100.00 per Cheque • Stop payment cheque with insufficient fund: RM100.00 per Cheque |
| Overdraft interest | • Excess overdraft interest charge: 3.50% + Prescribed Rate • Minimum Interest charge: RM10.00 |
| Audit confirmation fee per financial year | • For last financial year: RM30.00 (For every year) • For other financial years: RM50.00 (For every year) |
| Cost of specialised cheque books | Fees charged based on client specification |
| Service charge on destruction of uncollected cheque book | RM10.00 per book |
| Cheque encashed by non-nominated persons | RM3.00 per cheque |
| Stamp duty on oral/fax indemnity | RM10.00 |
| Stamp duty on account mandate | RM10.00 |
| Closing account within 3 months of opening | RM20.00 |
| Dormant account fee | RM10.00 per annum |
| Types of fees |
| Minimum initial deposit |
| Stamp duty on cheque book (per leaf) |
| Cheque processing fee (Effective 2nd January 2015) |
| Half-yearly service charge • Borrowing account with average balance < RM1, 000 |
| Monthly service charge • Non-borrowing accounts with average balance < RM2, 000 |
| Option 1 : No annual fee on ATM card |
| Option 2 : Annual fee on ATM card |
| Option 3 : For senior citizens with no annual fee on ATM card |
| Stop payment instruction |
| Statement of account |
| Commitment fee on unutilised OD |
| Outward returned cheque |
| Overdraft interest |
| Audit confirmation fee per financial year |
| Cost of specialised cheque books |
| Service charge on destruction of uncollected cheque book |
| Cheque encashed by non-nominated persons |
| Stamp duty on oral/fax indemnity |
| Stamp duty on account mandate |
| Closing account within 3 months of opening |
| Dormant account fee |
*Effective 1st January 2025 in accordance to the Finance Act 2024.
**Effective 2nd January 2015, this will be charged whenever a cheque is received by a bank for processing, whether for encashment over the counter or for depositing into an account. This is in addition to the stamp duty collected by the Bank.
For more details, please click here.
Requirements
Sole Proprietor
Checklist of documents required for Sole Proprietor:
- Identity Documents - MyKad(s) / NRIC(s) / Passport(s)
- Proof of Business Address (if registered address on official document is different from EXPERIAN search)
- Proof of Residential Address (where address is different from MyKad biometric or for foreigners)
- Certificate of Registration of Business (Borang D/E)
- Latest Trading / Business License
- Business Registration Information Form: for Sabah - Form P.K. 2960 (L) - 94 | for Sarawak - Form R.20-Pind 1/86
Partnership
Checklist of documents required for Partnership
- Identity Documents - MyKad(s) / NRIC(s) / Passport(s)
- Proof of Business Address (if registered address on official document is different from EXPERIAN search)
- Proof of Residential Address (where address is different from MyKad biometric or for foreigners)
- Account & Services Resolution
- Certificate of Registration of Business (Borang D/E)
- Latest Trading / Business License
- Business Registration Information Form: for Sabah - Form P.K. 2960 (L) - 94 | for Sarawak - Form R.20-Pind 1/86
Limited Liability Partnership
Checklist of documents required for Limited Liability Partnership (LLP)
- Identity Documents - MyKad(s) / NRIC(s) / Passport(s)
- Proof of Business Address (if registered address on official document is different from EXPERIAN search)
- Proof of Residential Address (where address is different from MyKad biometric or for foreigners)
- Notice of Registration
- Certificate of Registration of Business
- Limited Liability Partnership Agreement
- Account & Services Resolution
Private Limited Company
Checklist of documents required for Private Limited Company
- Identity Documents - MyKad(s) / NRIC(s) / Passport(s)
- Proof of Business Address (if registered address on official document is different from EXPERIAN search)
- Proof of Residential Address (where address is different from MyKad biometric or for foreigners)
- Account & Services Resolution
[Companies Act 1965]
- Certificate of Incorporation
- Form 44 - Notice of Situation of Registered Office and of Office Hours and Particulars of Charges, where applicable
- Form 49 - List of Directors, Managers and Secretaries
- Form 24 - Return of Shareholdings
- Memorandum and Articles of Association
[Companies Act 2016]
- Certificate of Incorporation, where applicable
- The Application of Registration of a Company form or Notification of Change in the Register of Directors, Managers and Secretaries form or latest Form 49, whichever is applicable
- The Application for Registration of a Company form or Return for Allotment of Shares form or Form 24, whichever is applicable
- The Application for Registration of a Company form or Notification for Change in the Registered Address form or Form 44, whichever is applicable
- Constitution
- Memorandum and Articles of Association
Society / Club / Association
Checklist of documents required for Society / Club / Association
- Identity Documents - MyKad(s) / NRIC(s) / Passport(s)
- Proof of Business Address (if registered address on official document is different from EXPERIAN search)
- Proof of Residential Address (where address is different from MyKad biometric or for foreigners)
- Certificate of Registration
- Constitution, Rules and/or By-laws
- Statement of particulars of the present principal office bearers
- Minutes of Committee Meeting
- Account & Services Resolution
Additional information
Terms and Conditions
Terms and Conditions Governing Non-individual Islamic Accounts
Current Account-i is available under the concepts of Qard.
Under the concept of Qard, the Bank takes an interest free loan from the Customer, transferring the funds’ ownership from the Customer to the Bank. The Bank is therefore allowed to use the funds for banking activities. The loan is payable upon demand by the Customer at any time, and the Bank guarantees the return of the principal amount on request. The above contract guarantees the Customer’s principal and is protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000.00 for each depositor.
Based on the Tawarruq arrangement, underpinned by the Murabahah contract (Cost Plus Profit Sale), it secures a Customer’s principal and agrees up-front on the rate of return via the sale contract of Murabahah (using Commodities). The Bank then will become the Customer’s “Purchasing” and “Selling” Agent in a dual-agency arrangement. This allows the Customer to instruct the Bank to act on their behalf, to enter into a Tawarruq arrangement. This structure guarantees Customers’ principal, fixes the Customer’s profit (if held for the month), and is protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000.00 for each depositor.
Deposit Insurance Scheme
Protected by PIDM up to RM250,000 for each depositor.
Please refer to UOB List of PIDM Insured Deposit for a list of UOB accounts / products that are covered under the System.
You may also like
Business Current Account
Start your business banking journey with a business banking account that is easy to manage.
Basic Current Account-i
An Islamic business banking account that is Shariah-compliant.
Foreign Currency Call Account-i
Earn profit from this Shariah-compliant account and protect your money against exchange rate fluctuations.
We're here to help
We use cookies in order to provide you with better services on our website. By continuing to browse the site, you agree to our privacy notice and cookie policy.
