Malaysian ringgit BUSINESS CEKAL CURRENT ACCOUNT-i (TAWARRUQ)

Take your business to a new level with fuss-free payments and collections

Why you will love this

Based on the Shariah principle of Tawarruq

Low initial deposit of RM500

Seamless local and overseas payments and collections

Who can apply

All businesses including SMEs as defined by SME Corporation Malaysia

Maintain a minimal monthly average balance of RM1,000 to enjoy a waiver of the half-yearly service fee of RM10

Save time and money with hassle-free payments and collections. Get started with a low initial deposit of RM500.

FEATURES AND BENEFITS
icon_save_on_fees

Save on fees

Open your account instantly with an initial deposit of just RM500 and keep a minimum average monthly balance of RM1,000 to waive your half-yearly fee of RM10.

Open your account instantly with an initial deposit of just RM500 and keep a minimum average monthly balance of RM1,000 to waive your half-yearly fee of RM10.

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Digital banking anytime, on the go

Handle all your banking needs 24/7 on mobile and desktop with OCBC Velocity, our award-winning digital business banking platform, and the OCBC Malaysia Business Mobile Banking app.

Handle all your banking needs 24/7 on mobile and desktop with OCBC Velocity, our award-winning digital business banking platform, and the OCBC Malaysia Business Mobile Banking app.

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Manage and monitor your transactions easily

Get an overview of your account information and balances in real-time, and receive e-Alerts of your transactions, and incoming and outgoing funds with OCBC OneTouch on the OCBC Malaysia Business Mobile Banking app.

Get an overview of your account information and balances in real-time, and receive e-Alerts of your transactions, and incoming and outgoing funds with OCBC OneTouch on the OCBC Malaysia Business Mobile Banking app.

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Seamless local and overseas payments

Choose from a variety of methods to expedite funds transfers. We provide direct debit services from other bank accounts, real-time fund collections from FPX member banks and bulk cheque services for local transfers. For international transfers, remit funds quickly by Telegraphic Transfer (TT) or demand draft for non-urgent transfers.

Choose from a variety of methods to expedite funds transfers. We provide direct debit services from other bank accounts, real-time fund collections from FPX member banks and bulk cheque services for local transfers. For international transfers, remit funds quickly by Telegraphic Transfer (TT) or demand draft for non-urgent transfers.

SEAMLESS PAYMENTS AND SERVICES

Making
payments

Business Debit Card-i

Global acceptance and withdrawal.

Contactless with quick and safe payment by tapping on a point-of-sale terminal.

Up to 5 cards can be tagged to every account. Money will be deducted from this account when you use your Business Debit Card-i.

Local transfers and payments
Choose from a variety of methods to expedite transfers of payments locally.
Foreign currency transfer

Transfer money overseas in foreign currency with a demand draft or choose telegraphic transfer for faster processing.

Learn More


Receiving
payments

Direct Debit

Receive funds from multiple bank accounts.

Set up future transfers.

FPX

Real-time fund collections from FPX member banks.

Key information is captured.

Make collections via the Internet.

Learn more


How to calculate your monthly average balance

1st to 15th of the month > RM500 in balances

16th to 30th of the month > RM1,000 in balances

[RM500 x 15 days = RM7,500) + (RM1,000 x 15 days = RM15,000]

= RM22,500 ÷ 30 days

= RM750

Your monthly average balance is RM750.

Before you apply

Terms and conditions

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

This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000.

  1. Deposit protection is automatic.
  2. PIDM protects depositors holding deposits with banks.
  3. There is no charge to depositors for deposit insurance protection.
  4. Should a bank fail, PIDM will promptly reimburse depositors over their deposit.

For more information, refer to the PIDM information brochures that are available at our counter or visit www.pidm.gov.my.


  Transaction Banking Terms and Conditions (EN)


  Transaction Banking Terms and Conditions (BM)


  Al-Amin Accounts and Services Main Terms and Conditions (EN)


  Al-Amin Accounts and Services Main Terms and Conditions (BM)


or call us at +603 8314 9090


 Operating hours are from 9am to 6pm,
 Monday to Friday (Excluding public holidays)

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OUR AWARDS AND ACCOLADES

Malaysia International Cash Management Bank of the Year 2021

ABF Wholesale Banking Awards.

ABF Wholesale Banking Awards.

Best Cash Management Bank in Malaysia 2021

Alpha Southeast Asia Best FI Awards.

Alpha Southeast Asia Best FI Awards.

Best Payments and Collections Solution Provider 2021

The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards.

The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards.