UOB BizMax

UOB BizMax

Maximise your business banking potential with better cash management, savings on your local and cross border transaction fees, and attractive returns on your deposits.

Benefits

Free DuitNow, Interbank GIRO and RENTAS services

Free DuitNow, Interbank GIRO and RENTAS services

Unlimited fee waivers for DuitNow, Interbank GIRO and RENTAS transactions via UOB Infinity/UOB SME. Transactions made over the counter will incur standard charges.

Foreign Telegraphic Transfer

Free 72 outward Foreign Telegraphic Transfer (TT) transactions

Fee waiver for 72 outward TT transactions via UOB Infinity/UOB SME. Transaction made over the counter will incur standard charges.

Higher daily interest

Higher daily interest

Earn high daily interest on your deposits via Overnight Deposit Services.

Stay updated with complimentary UOB Infinity/UOB SME

Stay updated with complimentary UOB Infinity/UOB SME

Convenient banking with UOB Infinity & 24-hour Electronic Banking Centres.

Preferential Rate

Preferential Rate for X'press Bank Guarantee

Enjoy X'press Bank Guarantee issuance/amendment fee at only 1.20% p.a.

Additional Features

  • Feature
  • Description
Feature Description
Bank anytime online Complimentary access to UOB Infinity/UOB SME
Be notified Complimentary UOB eAlerts! Service Package 1 (subscription for 1 email address)
MT103 Acknowledgement Complimentary subscription for MT103 Acknowledgement Copy via UOB Infinity
Feature
Bank anytime online
Be notified
MT103 Acknowledgement

Rates and Fees

  • Feature
  • Details
Feature Details
Initial deposit RM100,000
Minimum average daily balance RM50,000
Cheque clearing fee RM0.50 per cheque
Monthly service fee RM50 (for Current Account monthly average balance below RM50,000. Minimum balance waived for first 6 months of account opening^) ^Applicable to NEW accounts opened from 1 June 2021
Early closure fee RM20, if closed within 3 months
Feature
Initial deposit
Minimum average daily balance
Cheque clearing fee
Monthly service fee
Early closure fee

Visit our Fees and Charges page here for more details

Interest Rates

  • Daily End Balance (RM)
  • Daily Interest Rates (% p.a.)
Daily End Balance (RM) Daily Interest Rates (% p.a.)
100,000.01 - 500,000.00 0.10
500,000.01 - 1,500,000.00 0.28
1,500,000.01 - 2,500,000.00 0.60
2,500,000.01 - 5,000,000.00 1.08
5,000,000.01 and above 1.75
Daily End Balance (RM)
100,000.01 - 500,000.00
500,000.01 - 1,500,000.00
1,500,000.01 - 2,500,000.00
2,500,000.01 - 5,000,000.00
5,000,000.01 and above

Interest rates effective 19 September 2022.

Requirements

Sole Proprietor
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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

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

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

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

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

Terms and Conditions
Visit page here for our Fees and Charges.

Terms and Conditions Governing the UOB BizMax Account: ENG | BM

Deposit Insurance System
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.

Frequently Asked Questions

What is the Current Account BizMax Program (BizMax)?
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BizMax for short is a business depository current account denominated in Ringgit Malaysia (MYR).

You can apply for the BizMax Account with an initial deposit of just RM100,000.

  • Earn high daily interest on your deposits via Overnight Deposit Services
  • Complimentary DuitNow, Interbank GIRO and RENTAS services via Infinity or UOB SME
  • Preferential Rate for X'press Bank Guarantee with 1.20%p.a for issuance or amendment fee
  • Fee waiver for 72 outward TT transactions via UOB Infinity per annum

ODS with interest rate account as stated in BizMax micropage in UOB Malaysia’s corporate website www.uob.com.my. ODS is a bank-managed account that generates interest based on the amount swept from your operating account at the end of the day. The balances are swept back to the current account before the start of the day. The customer does not need to worry because everything is handled automatically.

Interest rates effective 19 September 2022

Daily End Balance (RM) Daily Interest Rate (%p.a) 
100,000.01 to 500,000.00 0.10
500,000.01 to 1,500,000.00  0.28
1,500,000.01 to 2,500,000.00 0.60
2,500,000.01 and 5,000,000.00 1.08
5,000,000.01 and above 1.75

Business entities that have:

  • Sole proprietor
  • Partnership
  • Limited Liability Partnership
  • Private Limited Company
  • Society / Club

Get in Touch

Get in Touch

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