EXCLUSIVE BENEFITS

Cheque book facility.

Monthly statements.

Cheque eXpress Service & Cash Deposit Machines for convenient cheque/cash deposit.

allianceonline self-banking services.

Receivable management tools.

Payable management tools.

Liquidity management tools.

Note: Eligible for protection by PIDM

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Corporations, partnerships, sole proprietors, societies, associations, clubs, government bodies and trustees.

REQUIRED DOCUMENTATION

Company
  • Photocopy of NRIC or Passport of all directors and authorised signatories
  • Memorandum & Articles of Association (M&A)
  • Form 8/9/20, Certificate of Incorporation
  • Form 24, Shareholding Issued/Paid-up Capital
  • Form 49, List of Directors and Secretary
  • Original or extract copy of Board of Directors’ Resolution
  • Form 23, Certificate of commencement of business (applicable for public listed companies only)
  • Trading license (for East Malaysia only)

Society/Association/Club
  • Photocopy of NRIC or Passport of authorised signatories
  • Certificate of registration issued by Registrar of Societies or governing body
  • Resolution of committee, or minutes of meeting/governing body (endorsed by chairman and secretary)
  • Rules & Regulations, or Constitution & By-laws
  • Registration specifying investment of funds (applicable for cooperatives only)

Sole Proprietor/Partnership
  • Photocopy of NRIC or Passport of the Sole Proprietor (business owner)/all partners
  • Form A or D, Certificate of Registration
  • Form B, Trading License (for East Malaysia only)
  • Form E, Trading License (for Peninsular Malaysia only)
  • Deed of partnership or partnership agreement (if available, for partnership)

Legal Firms
  • Photocopy of NRIC or Passport of authorised signatories
  • Original practicing certificates

Statutory/Government Body
  • Photocopy of NRIC or Passport of authorised signatories
  • Letter of Authority – issued by Accountant General for accounts opened by Federal Government department, or issued by State Financial Officer for accounts opened by State Government departments
  • Letter of Authority must consist of the following information:
    • Request to open an account, and
    • Names and positions of officials authorised to operate the account and the nature or mandate of operation

* Certified True Copy are required.

Fees & Charges

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 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 1 April 2009)

(Service charge is exempted for Government accounts)
RM20.00 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 dishonoured cheques 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 third 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 1 April 2009)
(i) RM30.00 - audit confirmation on account as at a date which is no more than 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 charge on opening of account
(Charges apply for all types of business Current Accoun, effective 1 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): Free
(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): Free
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 1 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: Free
(i) RM100.00 to RM1,000.00: RM5.00
(ii) RM1,000.00: Additional RM5.00 on every RM1,000.00

Notes
Single denomination: Free
2 denominations & above: RM5.00
23 Service charge on coins deposits
(Charges apply for all types of business Current Account)
Less than RM100.00: Free
(i) RM100.00 to RM1,000.00: RM5.00
(ii) 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)
Free: 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 RM500.00 per deposit.
24 Postage and handling charges on warning letters (on returned cheque, BMC letter and 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

Unless otherwise specified herein, our charges exclude any current taxes and future taxes that may be imposed (including the Goods and Services Tax (“GST”)), under the relevant legislation. Upon the effective date of implementation of any such taxes in the future and wherever applicable, we will be entitled to recover such taxes from you.

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