Yes, it is possible to open a business bank account online in Malaysia in some banks, but the service is only available to existing customers. The first encounter with the bank will still require personal presence.
For fully online onboarding consider opening an account in of the alternative payment institutions with a focus on cross-border transactions such as MultiPass.
Your Business Account in Malaysia 🇲🇾
Open a business account to operate in Malaysia without local presence. Get multicurrency IBAN to manage MYR, EUR, USD, GBP, and other currencies with ease.
A single solution to bank overseas
Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.
Within Malaysia 🇲🇾
The rest of the world 🌍
Reliable & transparent banking, designed for international business
Transact in 30+ currencies across 180 countries. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks.
Wholesale FX rates
Perform live FX and move money between your own accounts with ease. MultiPass gives you access to wholesale exchange rates that guarantee significant savings versus traditional banks.
Handle your daily corporate expenses easily with your own virtual and plastic payment cards. Order and manage your cards 100% online from your MultiPass business account.
No bots or automated replies!
A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments.
Onboard and manage your account entirely online, wherever you are. Our team will guide you through the onboarding so that you can be up and running within days, not weeks.
MultiPass is a UK-based FCA-authorised EMI. MultiPass is part of the Dyninno Group, an international holding with over 19 years of experience in the global market.
How to send money to Malaysia 🇲🇾 with MultiPass
Convert your currency to MYR
Save on FX vs traditional banks. Hold MYR in your account and avoid unnecessary conversions.
Choose recipient in Malaysia
Make a payment to their IBAN
From 0.50 GBP per payment
Your beneficiary receives the exact amount, with no hidden FX charges along the way
Please note that pricing may vary from case to case. For more information, visit the pricing page.
Get paid in the currency your clients are used to
Share your account details with your overseas customers allowing them to pay you in EUR, USD & GBP locally and 30+ currencies globally.
Pay overseas staff cheaper & easier
Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.
Your questions, answered
Can I open a business bank account online in Malaysia?
Can foreign companies open a bank account in Malaysia?
What are the requirements for foreigners to open a business bank account in Malaysia?
How hard is it to open a business bank account in Malaysia?