Adding Value to Your Business
Alliance Business Current Account

More Than Just a Business Current Account

At Alliance Bank, we provide a comprehensive suite of business banking solutions to accelerate your business growth. With Alliance Business Current Account, you will have access to a wide range of solutions and personalised advisory for your business!

Alliance Islamic Bank - Business Current Account
New Business Current Account Opening
For Sole Proprietor and Sdn Bhd
 
For Partnership, LLP and other business entities
 
4 REASONS to open your Alliance Business Current Account
01
Alliance Islamic Bank - Business Current Account | Instant account access
Instant account access
  • Submit and schedule multiple transactions at one go
  • Trade financing entirely on a convenient app
  • Work remotely anytime, anywhere
Alliance Islamic Bank - Business Current Account | BizSmart
02
Alliance Islamic Bank - Business Current Account | Day to day operation support
Day to day operation support
  • On-site salary account opening at no cost
  • Competitive rates for deposit and financing
  • 24/7 remittance service via Cash2Home mobile app
Alliance Islamic Bank - Business Current Account | alliance@work
03
Alliance Islamic Bank - Business Current Account | Advisory and access
Advisory and access
  • Digitise your business
  • Manage operational cost
  • Generate online sales
  • Develop employees
  • Tap into the halal market
Alliance Islamic Bank - Business Current Account | BizSmart Solution
04
Alliance Islamic Bank - Business Current Account | Extend your reach
Extend your reach
  • Reach new customers
  • Increase exposure
  • Connect with SMEs
Alliance Islamic Bank - Business Current Account | Support LOKAL

A minimum of RM500 is required to open an account.

Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.

Note: In the event of an Overnight Policy Rate (OPR) change, the Bank reserves the right
to revise the interest/hibah/profit rate with immediate effect.

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 RM150.00 shall be imposed by the Bank on each cheque
9 Service charge for stopped payment RM15.00 per cheque
RM159.00 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 No charges effective 15 May 2018
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.

Click here if you cannot view the Terms & Conditions in below section.

Alliance Bank Malaysia Berhad 198201008390 (88103-W)

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