tiktok³ÉÈË°æ

All Countries
Banking
Current Account Agreement

Current Account Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Current Account Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Current Account Agreement

"I need a Current Account Agreement for a Malaysian retail bank launching a new digital-first current account product in March 2025, with emphasis on mobile banking features and automated KYC processes."

Celebrated by
Collaborations with
Investors
Document background
The Current Account Agreement serves as the foundational document governing the relationship between a Malaysian financial institution and its current account holders. This agreement is essential for establishing banking relationships in Malaysia and must comply with the Financial Services Act 2013, Bank Negara Malaysia guidelines, and other relevant banking regulations. It is used when opening new current accounts for various types of customers, including individuals, corporations, and other entities. The agreement comprehensively covers account operations, fees, security measures, customer obligations, and bank responsibilities, while incorporating necessary regulatory requirements for Malaysian banking operations. It may include both conventional and Islamic banking provisions where applicable, and can be customized for different customer segments while maintaining compliance with Malaysian banking and consumer protection laws.
Suggested Sections

1. Parties: Identification of the bank and the account holder(s), including their full legal names and addresses

2. Background: Brief context about the agreement and the banking relationship being established

3. Definitions: Definitions of key terms used throughout the agreement

4. Account Opening and Operation: Requirements and procedures for opening and operating the account

5. Deposits and Withdrawals: Terms governing deposits, withdrawals, and transaction processing

6. Fees and Charges: Details of all applicable fees, charges, and the bank's right to debit the account

7. Bank's Rights and Customer's Obligations: The rights of the bank and obligations of the customer in managing the account

8. Account Statements and Records: Provisions regarding statement delivery, verification, and record-keeping

9. Security and Access: Security measures, PIN/password requirements, and access protocols

10. Termination: Conditions and procedures for account closure by either party

11. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction details

12. General Provisions: Standard clauses including amendments, notices, and force majeure

Optional Sections

1. Joint Account Provisions: Additional terms for joint account holders, used when the account has multiple owners

2. Islamic Banking Provisions: Specific terms for Shariah-compliant accounts, used when the account follows Islamic banking principles

3. Corporate Account Provisions: Additional terms for corporate customers, used when the account holder is a business entity

4. Internet Banking Services: Terms for online banking access and services, used when digital banking services are included

5. Overdraft Facility: Terms governing overdraft facilities, used when overdraft services are offered

6. Foreign Currency Transactions: Terms for foreign currency dealings, used when foreign currency transactions are permitted

Suggested Schedules

1. Schedule 1: Fees and Charges: Detailed schedule of all applicable fees, charges, and minimum balance requirements

2. Schedule 2: Specific Account Features: Details of specific features, benefits, and restrictions applicable to different types of current accounts

3. Schedule 3: Required Documents: List of documents required for account opening for different categories of customers

4. Appendix A: Terms for Digital Services: Detailed terms and conditions for internet banking, mobile banking, and other digital services

5. Appendix B: Privacy Notice: Detailed privacy policy and data protection provisions in compliance with PDPA 2010

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses
































Relevant Industries

Banking and Financial Services

Financial Technology

Legal Services

Corporate Services

Retail Banking

Islamic Banking

Small and Medium Enterprises

Large Corporations

Professional Services

Public Sector

Non-Profit Organizations

Relevant Teams

Legal

Compliance

Retail Banking

Corporate Banking

Risk Management

Operations

Customer Service

Product Development

Islamic Banking

Account Management

Branch Operations

Documentation

Regulatory Affairs

Relevant Roles

Legal Counsel

Compliance Officer

Bank Branch Manager

Account Relationship Manager

Corporate Banking Officer

Retail Banking Manager

Chief Financial Officer

Company Secretary

Risk Manager

Operations Manager

Customer Service Manager

Product Development Manager

Islamic Banking Specialist

Banking Operations Officer

Financial Controller

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Accounts Receivable Collection Agreement

A Malaysian law-governed agreement establishing terms for accounts receivable collection services, including compliance requirements, fee structures, and operational procedures.

find out more

Deed Of Assignment Of Shares

A Malaysian law-governed deed that formally documents and executes the transfer of shares from one party to another, ensuring legal compliance with local corporate and stamp duty requirements.

find out more

Current Account Agreement

Malaysian law-governed agreement establishing terms and conditions for operating a current account with a financial institution in Malaysia.

find out more

Pre Authorized Payment Agreement

A Malaysian law-governed agreement establishing automated recurring payment arrangements between a financial institution and account holder, complying with local banking and data protection regulations.

find out more

Collateral Account Control Agreement

A Malaysian law-governed agreement establishing control arrangements over bank accounts as security, detailing operational procedures and control rights between account holder, secured party, and account bank.

find out more

Collateral Account Agreement

Malaysian law-governed agreement establishing security over bank accounts and their contents, detailing account operation and security enforcement rights.

find out more

Running Account Credit Agreement

A Malaysian law-governed agreement establishing a revolving credit facility between a financial institution and borrower, detailing terms for ongoing credit access and utilization.

find out more

Business Account Agreement

A Malaysian law-governed agreement between a bank and business entity establishing terms for business banking accounts and related services.

find out more

Bookkeeping Confidentiality Agreement

A Malaysian law-governed confidentiality agreement protecting financial information handled by bookkeepers, ensuring compliance with local data protection and financial services regulations.

find out more

Trust Account Agreement

A Malaysian law-governed agreement establishing the terms and conditions for operating a trust account, defining relationships between trustee, settlor, and beneficiaries.

find out more

Letter Of Authorization To Debit Account

A Malaysian banking document authorizing automatic debits from an account holder's account, compliant with local banking regulations and central bank guidelines.

find out more

Account Control Agreement

A Malaysian law agreement establishing control rights over bank accounts in secured financing arrangements, between an account holder, secured party, and bank.

find out more

Notice Of Assignment Of Accounts Receivable

A Malaysian law-compliant formal notice informing debtors that receivables have been assigned to a new creditor, including payment instructions and acknowledgment requirements.

find out more

Blocked Account Control Agreement

A Malaysian law-governed agreement establishing control rights over a bank account as security, typically used in financing transactions.

find out more

Authorization Agreement For Direct Deposits

A Malaysian-compliant agreement authorizing financial institutions to process direct deposits into designated bank accounts, establishing terms for electronic fund transfers.

find out more

Security Account Control Agreement

A Malaysian law-governed agreement establishing control rights over bank accounts as collateral, creating a three-way relationship between account holder, secured party, and bank.

find out more

Deposit Account Agreement

A Malaysian law-governed agreement establishing terms and conditions for operating a deposit account with a financial institution, compliant with Malaysian banking regulations.

find out more

Margin Agreement

A Malaysian law-governed agreement establishing terms for margin trading facilities between financial institutions and clients, including collateral arrangements and regulatory compliance requirements.

find out more

Account Bank Agreement

A Malaysian law-governed agreement establishing the terms and conditions for banking services between a bank and its account holder(s).

find out more

Securities Account Control Agreement

A Malaysian law-governed tripartite agreement establishing control rights over a securities account in favor of a secured party, compliant with local securities regulations.

find out more

Account Management Agreement

A Malaysian law-governed agreement establishing terms for professional account management services and regulatory compliance.

find out more

Joint Account Agreement

A Malaysian law-governed agreement establishing the terms and conditions for operating a joint bank account between multiple account holders and a financial institution.

find out more

Account Pledge Agreement

A Malaysian law security document creating a pledge over bank accounts in favor of lenders/security agents, subject to local banking and security regulations.

find out more

Account Opening Agreement

A Malaysian law-governed agreement establishing the terms and conditions for opening and maintaining bank accounts, compliant with local banking regulations and consumer protection requirements.

find out more

Certificate Of Deposit Agreement

A Malaysian law-governed agreement establishing terms and conditions for a fixed-term deposit between a financial institution and depositor, detailing deposit amount, interest, and maturity terms.

find out more

Account Receivable Purchase Agreement

A Malaysian law-governed agreement for the sale and purchase of accounts receivable between a seller and a financial institution, establishing terms for ongoing receivables purchases.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.