Malaysian ringgit BUSINESS CURRENT ACCOUNT-i (qard)

Take your business to a new level with seamless payments and collections

Why you will love this

Based on the Shariah principle of Qard

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

Get us to contact you

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

FEATURES AND BENEFITS
icon_deposit

Low initial deposit

Open your account with an initial deposit of just RM500.

Open your account with an initial deposit of just RM500.

icon_digital_banking

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.

Learn more

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.

Learn more

icon_monitor

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.

icon_local_and_overseas_payments

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.

Learn more

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.

Learn more

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.

Before you apply

Fees and charges

View latest fees and charges

How to calculate your monthly average balance

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)

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.

or call us at +603 8314 9090


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

OTHER PRODUCTS YOU MAY LIKE

Foreign Currency Call Account-i

A foreign currency account that answers all your trading needs.

Find out more

Foreign Currency Time Deposit-i

Deposit your foreign currencies over a period and earn higher profit.

Find out more

Digital Business Banking

Managing accounts and payments smoothly with OCBC Velocity by your side.

Find out more
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.

Are you sure you want to leave our site?

You are leaving the OCBC Bank website and about to enter a third party website that OCBC Bank has no control over and is not responsible for. Before you proceed to use the third party website, please review the terms of use and privacy policy of their website. OCBC Bank’s Conditions of Access and Privacy and Security Policies do not apply at third party websites.
I would like to stayLeave website