CIMB Business Banking Business Account CIMB Business Banking
RM30
- Monthly Fee: MYR 30/month
- Transactions: Unlimited
- Payment Tools: International transfers + cards
Compare Business Banking in Malaysia
Compare business bank accounts and SME banking in Malaysia.
19 live business banking offers tracked across 19 Malaysian providers, with monthly fees from RM30. Data current as of 23 October 2026 and updated daily from the Giraffy database.
Live offers
19 live offers compared from 19 providers, from RM30. Updated daily.
AmBank Business Business Account AmBank Business
RM30
- Monthly Fee: MYR 30/month
- Transactions: Unlimited
- Payment Tools: International transfers + cards
RHB Business Banking Business Account RHB Business Banking
RM30
- Monthly Fee: MYR 30/month
- Transactions: Unlimited
- Payment Tools: Multi-currency
Merchant Trade Asia Business Account Merchant Trade Asia
RM30
- Monthly Fee: MYR 30/month
- Transactions: Unlimited
- Payment Tools: Multi-currency
OCBC Business MY Business Account OCBC Business MY
RM30
- Monthly Fee: MYR 30/month
- Transactions: Unlimited
- Payment Tools: International transfers + cards
Airwallex Malaysia Business Account Airwallex Malaysia
RM30
- Monthly Fee: MYR 30/month
- Transactions: 100 free/month
- Payment Tools: International transfers + cards
Public Bank Business Business Account Public Bank Business
RM30
- Monthly Fee: MYR 30/month
- Transactions: 100 free/month
- Payment Tools: International transfers + cards
Alliance Business Banking Business Account Alliance Business Banking
RM30
- Monthly Fee: MYR 30/month
- Transactions: 100 free/month
- Payment Tools: Multi-currency
Bank Islam Business Business Account Bank Islam Business
RM30
- Monthly Fee: MYR 30/month
- Transactions: Unlimited
- Payment Tools: International transfers + cards
CIMB Business Account MY CIMB Malaysia
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: CIMB BizChannel + DuitNow
GXBank Business MY GXBank
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: GXBank App (digital SME)
Hong Leong Business MY Hong Leong Bank
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: HLB Online Business
HSBC Business Banking MY HSBC Malaysia
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: HSBCnet + DuitNow
Maybank Business Account Maybank
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: Maybank2E Business
Public Bank Business MY Public Bank
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: PB Engage Business
RHB Business Banking MY RHB Bank
Price on request
- Monthly Fee: MYR 0/month
- Transactions: Unlimited
- Payment Tools: RHB Business e-Connect
Maybank Business Banking Business Account Maybank Business Banking
Price on request
- Monthly Fee: Free
- Transactions: 100 free/month
- Payment Tools: Multi-currency
Hong Leong Business Business Account Hong Leong Business
Price on request
- Monthly Fee: Free
- Transactions: Unlimited
- Payment Tools: Multi-currency
Standard Chartered Business MY Business Account Standard Chartered Business MY
Price on request
- Monthly Fee: Free
- Transactions: 100 free/month
- Payment Tools: Multi-currency
What is Business Banking in Malaysia?
Business banking covers the accounts and services companies use to manage money: current accounts for daily operations, payroll and supplier payments, business financing, trade services and merchant payment acceptance. In Malaysia it serves everyone from sole proprietors and SMEs to large corporates, with both conventional and Islamic business banking available. Modern offerings emphasise digital account opening, integrated payments through DuitNow, and cash-management tools tailored to business needs.
How the Malaysian market works
Business banking is provided by conventional and Islamic banks plus the new digital banks, all supervised by Bank Negara Malaysia (BNM). Companies open business current accounts, access financing such as term loans, overdrafts and trade facilities, and use DuitNow and DuitNow QR for collections and payments. SMEs can tap government-backed financing schemes and guarantees. Islamic business banking uses Shariah structures for financing and deposits, and digital banks are entering the SME space with app-first accounts.
Benefits
Separation of finances — A dedicated business account keeps company money distinct from personal funds for cleaner accounting and compliance.
Integrated payments — DuitNow and QR collections streamline getting paid by customers and paying suppliers.
Access to financing — Business banking opens the door to overdrafts, term loans, trade finance and SME guarantee schemes.
Islamic options — Shariah-compliant business accounts and financing serve companies preferring Islamic banking.
How to choose
Match the account to your business size and transaction volume, checking monthly fees, minimum balances and transaction charges. Consider the bank's SME financing appetite, trade and cash-management services, and the quality of its business app and payment integrations. Decide between a full-service traditional bank and a digital bank, and whether you need Islamic banking. Relationship support and branch access can matter for larger or cash-heavy businesses.
Leading providers in Malaysia
Maybank and its Maybank Business Banking arm, CIMB, Public Bank, Hong Leong Bank, RHB Bank and HSBC Malaysia are major business-banking providers with SME and corporate services. GXBank is bringing a digital-first approach to business and SME accounts. Choose based on your financing needs, transaction volumes and whether you prefer branch relationships or app-driven banking; many offer dedicated SME packages.
What it costs
Business current accounts often carry a modest monthly fee, commonly around RM30, along with a minimum-balance requirement and per-transaction charges for certain services. Financing costs depend on the facility and your business risk profile. Watch for below-the-line charges such as cheque, telegraphic-transfer and cash-handling fees. Digital-bank business accounts may reduce or waive some fees. Compare the total cost against the services and financing access you need.
Protections and regulation
Business banks are licensed and supervised by Bank Negara Malaysia (BNM). Eligible business deposits are protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000 per depositor per member bank. SME financing schemes may be backed by government guarantee bodies. Islamic business banking falls under the Islamic Financial Services Act 2013, and disputes can be escalated to the Ombudsman for Financial Services.
Common questions
Do I need a business account as a sole proprietor? It is strongly advisable to separate business and personal finances for accounting, tax and credibility, even if not strictly required.
Can my business deposits be insured? Yes, eligible business deposits at PIDM member banks are protected up to RM250,000 per depositor per bank.
Is Islamic business banking available? Yes, major banks offer Shariah-compliant business accounts and financing under the Islamic Financial Services Act 2013.
The cheapest Business Banking in Malaysia is RM30 from CIMB Business Banking.
Business Banking in Malaysia — FAQ
What is the best business bank account in Malaysia?
Giraffy tracks 19 business banking options across 19 providers in Malaysia. Compare by monthly fee, included transactions, international transfer costs, and integration with accounting software to find the right fit for your business.
Do I need a separate business bank account?
Legally you must have a separate business account if you're a limited company. Sole traders can use a personal account, but a dedicated business account simplifies bookkeeping, gives a more professional image, and makes tax returns easier. Most accounting software integrates directly with business accounts.
What documents do I need to open a business bank account?
Requirements in Malaysia typically include: Certificate of Incorporation (for limited companies), business address proof, director and beneficial owner IDs, and a description of business activities. BNM-regulated banks are required to conduct Know Your Customer (KYC) checks — digital-first providers often complete this online.
What are typical business bank account fees?
Business accounts usually charge a monthly fee (£5–£40 equivalent) plus per-transaction fees for cash handling and international transfers. Digital-only business banks like Tide, Starling, and Monzo Business offer lower-cost or fee-free entry plans. Traditional banks typically include more cashflow tools and relationship banking.
Can I get a business credit card or overdraft with my account?
Many business bank accounts include access to a business credit card, overdraft facility, or invoice financing. These are subject to a business credit check. Separating business credit from personal credit helps protect your personal score if the business encounters cash flow difficulties.
How long does it take to open a business bank account?
Digital-first providers can open accounts in 24–48 hours. Traditional banks typically take 5–15 working days due to enhanced business due diligence. Having all documents ready (company certificate, director IDs, utility bills) in advance significantly speeds up the process.