Business Accounts
 Basic Business Current Account

Alliance Basic Current account offers a Cheque book to facilitate withdrawals and payments. It also provides the flexibility to manage your account via allianceonline.

Detailed Benefits

  • Cheque book to facilitate withdrawals and payments
  • Monthly statements
  • Banking services at all our branches
  • Cheque eXpress Service & Cash Deposit Machines for convenient cheque/cash deposit
  • allianceonline services for easy account management

* Fees are charged for replacement Debit Cards due to Lost/Faulty.

Note:
Eligible for protection by PIDM

 

  • Malaysians aged 18 years and above (including permanent residents)
  • Applicable for SME customers only

Note:

  • Minimum account opening amount of RM500
  • Can be operated individually or jointly
  • Service charge of RM10 for each half year if average balance is under RM1,000 during the half year
  • Fees and Charges are applicable

Contents Bank charges
1. Interest received on Current Account overdrawn At prevailing rate fixed by the Bank from time to time
Minimum:  RM10.00
2. Interest received on advance (Overdrafts) Interest on overdraft by arrangement
Minimum:  RM10.00
3. Service charge on Consumer Current and Overdraft Accounts with daily average balance below RM1,000.00. RM10.00 for half yearly
Service charge on Commercial (business) Current and Overdraft Accounts with daily average balance below RM1,000.00.
(charges apply for all types of business Current Account, effective 1st April 2009)

(Service charge is exempted for Government accounts)
RM20.00 for half yearly
4. Over-the-counter charge on Alliance My eSaving Accounts RM5.00 per transaction
5. Service charge on AllianceSave Accounts RM15.00 half yearly (regardless of balance)
6. Service charge on Alliance Hybrid Accounts with Cheque Book Facilities RM15.00 half yearly (regardless of balance)
7. Handling charges on representing cheques RM50.00 per cheque
8. Charges for cheques dishonoured due to insufficient funds A penalty charge of RM100.00 shall be imposed by the Bank on each cheque
9. Service charge for stopped payment RM15.00 per cheque
RM100.00 if countermanded cheque is returned due to interalia insufficient funds
10. Cancellation of stopped payment instruction RM10.00 per cheque
11. Service charge for cheques returned due to technical reasons A service charge of RM10.00 shall be charged on the payee for each post-dated cheque returned
(applicable to collecting bank)
12. Service charge for 3rd party cash cheque encashment RM2.00 per transaction
13. Cheque book not collected after 30 days of issuance RM10.00 per cheque book
14. Stamp duty on cheque books A government stamp duty of RM0.15 per cheque leaf shall be charged to the account upon issuance of a cheque book
15. Service charge request for Statement, Duplicate Document e.g. cheques, expired guarantee, bills, etc.
(i) Retrieval fees of RM5.00 plus RM1.00 per page of statement if printed from system (up to 3 months) or photocopy of other documents
(ii) Retrieval fee of RM20.00 plus RM1.00 per page of statement if reproduced from microfiche plus out-of-pocket expenses (for more than 3 months)
(iii) Retrieval fee of RM20.00 plus RM5.00 per document if it is obtained from branch
(iv) Retrieval fee of RM30.00 plus RM10.00 per document if it is obtained from our warehouse/remote location
16. Service charge on auditors confirmation
(i) RM25.00 for current financial year
(ii) RM100.00 for other request (i.e. previous financial year)
Service charge on auditors confirmation for Commercial (business) account
(charges apply for all types of business Current Account, effective 1st April 2009)
(i) RM30.00 - audit confirmation on account as at a date which is no more three (3) months from date of request.
(ii) RM50.00 - audit confirmation on account as at a date which is between four (4) to twelve (12) months from date of request.
(iii) RM100.00 - audit confirmation on account as at a date which exceeds twelve (12) months from date of request.
17. Service charges on opening of account
(charges apply for all types of business Current Account, effective 1st April 2009)
RM20.00 per account
18. Service charge on closing of Savings Account
(i) Closed within 3 months from date of opening of account: RM20.00
(ii) Closed after 3 months from date of opening of account: RM10.00
(iii) Closed after 3 months from date of opening of account (Basic Savings Account Only): No Charges
(iv) Closed within 6 months from date of opening of account (Alliance My eSaving Account Only): RM20.00
(v) Closed after 6 months from date of opening of account (Alliance My eSaving Account Only): No Charges
19. Service charge on closing of Current/ODP Account
(i) Closed within 3 months from date of opening of account: RM20.00
(ii) Closed after 3 months from date of opening of account: RM10.00
Service charge on closing of Commercial (business) Current/ODP Account
(charges apply for all types of business Current Account, effective 1st April 2009)
(i) Closed within 3 months from date of opening of account: RM30.00
(ii) Closed after 3 months from date of opening of account: RM20.00
20. Service charge on issuance of duplicate Savings Account passbook that are worn out or defaced RM10.00
21. Lost of Fixed Deposit certificate RM10.00 stamp duty for Letter of Indemnity
RM5.00 service charge
22. Service charge on changing coins/notes
(for bulk changing)

(charges apply for all types of business Current Account)
Coins
Minimum: RM5.00 plus 0.5% on the amount per bag
(same denomination or standard bag)

For loose coins
Less than RM100.00: No charge
> RM100.00 to RM1,000.00: RM5.00
> RM1,000.00: Additional RM5.00 on every RM1,000.00

Notes
Single denomination: No charge
2 denominations & above: RM5.00
23. Service charge on coins deposits
(charges apply for all types of business Current Account)
Less than RM100.00: No charge
> RM100.00 to RM1,000.00: RM5.00
> RM1,000.00: Additional RM5.00 on every RM1,000.00
Service charge on Bulk Cash Deposit
(charges apply for all types of business Current Account)
FOC: For first 1,000 pieces, irrespective of denomination.
RM5.00: Next 1,000 pieces or part thereof, irrespective of denomination.
Max: RM5.00 per 1,000 pieces, subject to a maximum of RM500 per deposit.
24. Postage and handling charges on warning letters (on returned cheque, BMC letter, excess of current account) RM10.00 flat
25. Postage charges on cheque books sent by courier
a. For Personal Cheque Book
b. For Company Cheque Book
RM10.00 or actual courier charges, whichever is higher
26. Account number selection Service charge of RM50.00 for choosing desired available account number
27. Mutilated or defaced notes 1% of notes amount chargeable to customers
Minimum: RM15.00
Maximum: RM500.00
28. Service charge for endorsement of the status of company's account to be attached together with tender submission RM20.00 per account
29. Service charge on confirmation on authorised cheque signatories for the renewal of Pusat Khidmat Kontraktor license RM20.00 per account

Contents Bank charges
1 Commission on Outstation Cheques Sent for Collection (Each Cheque) Flat rate of 0.03%

Minimum : RM0-50
Maximum : RM500-00

No commission is to be charged on Government cheques or cheques drawn on Government Statutory Body.
2 Collection of Outstation Cheques Re-presented Flat rate of 0.03 % per OC Re-presented

Minimum : RM0-50
Maximum : RM500-00
3 Commission on Inter-Branch Transactions (IBT)
> Performed at Branches located outside the clearing area/zone
Flat rate of 0.03

Minimum : RM0-50
Maximum : RM500-00

IBT Commission should be waived for the following transactions:
- IBT Loan repayment
- Non-staff depositing to a Staff A/C
4 Commission on Inter-Branch Transactions (IBT)
> Performed at Branches located in the same clearing area/zone
IBT commission is waived on all IBT transacted amongst ABMB branches located within the same clearing area/zone except for the IBT outstation cheque deposit
5 Service Charge on Closing of Savings Account Closing of account before 3 months: RM20-00

Closing of account after 3 months: No charges
6 Service Charge on Issuance of Duplicate Savings Account Passbook Reported Lost/ Stolen/ Worn Out or Defaced RM10-00

The appropriate stamp duty on the letter of indemnity shall be borne by the customer
7 Service charge on inactive current and savings accounts with dormant status Yearly service charge of RM10
8 Replacement Of ATM Card RM12-00 per card replacement
9 MEPS Charges RM1-00 per transaction
10 Cirrus Enquiry RM1-00 per transaction
11 Cirrus Monetary Transaction RM8-00 per transaction
12 Bills payment payment to (Credit Card, HL) to other BIs RM1-00 per transaction
13 Charges for GIRO transactions RM2-00 per transaction
(1st two GIRO transaction, charge at RM0-50 per transaction)
14 Presently, the a/c number is autogenerated by the system. If customer wants to choose his desired available account number, a service charge will be levied. Service charge of RM50-00 for choosing desired available a/c number
15 Charges on transaction above minimum thresholds Currently not available, until further notice
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