• No monthly fee

• Unlimited Withdrawals

• M2U/M2U Biz Online Banking Features

SME First Account-i is open for the following business types:

• Sole proprietorship

• Partnership

• Private limited company

• Professional

• A Shariah-compliant current account based on the contract of Community Murabahah (cost-plus-sale)

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

Where permitted, any unplanned temporary excess in any Islamic Account due to amount advanced by the Bank shall be treated as loan (Qard) granted by the Bank to the account holder.

Private Limited Company – all documents to be Certified True Copy by Company Secretary

• Memorandum and Articles of Association/Constitution/CoSec Confirmation New Act Sec21

• Copy of all directors’ identity card / passport (if foreigner) and authorised signatories

• Form 9 (Certificate of Incorporation of Private Company)/Notice of Registration

• Form 13 (Change of Company Name)/Notice of Registration of New Name

• Form 24/Return for Allotment of Shares

• Form 49/Notification of change in the Register of Directors, Managers & Secretaries

• Resolution of the Board of Directors to open and operate the account. 

• Initial deposit/placement of RM1,000 (upon opening of account)

  .

Sole Proprietorship and Partnership

• Identity card/passport (if foreigner) of the proprietor/all partners and authorised signatories

• Certificate of Registration/Business Registration

• Form D (Business License)

• Deed of Partnership (for Partnership only)

• Letter of Introduction

• Mandate Letter

• Initial deposit / placement of RM1,000 (upon opening of account)

Service charge is RM10 per half a year, waived for accounts with an average balance of RM1,000 over this period.

RM20 is chargeable on early closure of account within 3 months of account opening.

Note: Bank in this page shall be referred to Malayan Banking Berhad and Maybank Islamic Berhad.