Current Accounts/-i

A current account, also known as a checking account or transaction account in various countries, is a type of bank account that is primarily used for everyday financial operations.. It is comparable to savings accounts in many aspects, as both are places where you keep your money, have minimal minimum deposit amounts, and are largely accessible via debit cards or online banking services. However, there are several distinctions between them:

Additional accessibility: Current account has the option of a cheque book facility, which savings account does not have to facilitate deposits and withdrawals.

Purpose: Current account is used to manage daily financial transactions. As such, current accounts typically can be performed with unlimited transactions daily or monthly, compared to savings account which may have limited transactions on a periodical basis.

No limits on the number of transactions: Because a current account is meant to manage daily transactions, there is usually no limit on how many transactions can be performed, whereas a savings account may have a limit imposed.

Cheque book facility: Used to facilitate deposits and withdrawals, it provides an added convenience for current account holders savings account holders do not have.

The standard requirements for opening a personal current account with us are:

Type of applicant: For individuals (Malaysian citizens, permanent residents, and foreigners) who have attained the age of at least eighteen (18) years and are of sound mind. A personal current account can be applied as single or jointly. In the case of companies who wish to open a business current account, it will have more requirements than a personal current account.

Introducer requirement: Typically, a current account requires an introducer to be eligible to apply for one. However, many current accounts no longer require an introducer, including some current account types under Alliance Bank Malaysia.

Yes, you can open another current account with us, even if you already have one or more with other banks.

Yes, you can! By using allianceonline mobile app, you can apply for the Alliance SavePlus account online without the need to walk into any of our branches. More information on Alliance SavePlus can be found here.

There are no fees associated with opening a current account with Alliance Bank Malaysia.

For opening a personal current account with us, we would need your primary identification document (for Malaysians, it may include original MyKad, Police or Armed Forces ID Card, and Birth Certificate. For foreigners, it may include their valid identity card or passport). Sometimes, additional supporting documentation such as a valid driving licence, is required.

Yes, we will send a debit card to you upon opening a personal current account with us.

Yes, depending on the kind of current account, there are terms and conditions associated with the opening of a joint personal current account. Before applying, please refer to the Terms and Conditions of the type of personal current account that you are interested in.

Yes. However, for Joint Accounts with a single signing authority, the Alliance Bank Debit Card will be issued to only one (1) of the account holder(s).

Yes, non-Malaysian residents can open a personal current account with us as well. Please refer to the Terms and Conditions associated with the eligibility of non-residents to open a personal current account with Alliance Bank Malaysia.

For the latest information on transaction limits, please refer allianceonline Terms and Conditions here.

Yes, you can.

Yes, you can.

E-statements are periodically sent to you for records of account statements through online. Hardcopy or physical statements can be requested at the branch for a fee (waivers are available subject to Bank’s policies).

The Bank may offer and Overdraft (OD) facility to eligible or qualifiying AllianceSave Account holder(s), which can be either a clean OD or an OD facility pledge against a Fixed Deposit on a 1:1 basis or a ratio established by the Bank.

Should you need further assistance on opening a current account, you may contact Alliance Bank Customer Service at 03-5516 9988 or walk in to any Alliance Bank branches nearest to you.