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GSL rating
Beginning of cooperation
June, 2025
Last contact
July, 2025
Last update
July, 2025
United Overseas Bank (Malaysia) BHD / UOB Malaysia is a subsidiary bank of a large Singaporean financial group that has over 500 branches in 19 countries of Asia, Europe and North America, first of all in Singapore, Indonesia, Malaysia, and Thailand;
It is possible to obtain pre-approval;
Personal visit of the account signatory to the bank is required to open an account;
Low transfer and account maintenance fees;
It is possible to open multicurrency accounts;
The banks issue debit cards;
Account is managed through online banking (in English);
Opening an account takes at least 1 month (on average 1.5 to 2 months) after the bank has received the complete set of documents
UOB Malaysia, founded in 1993, was merged with Lee Wah Bank in 1994. Lee Wah Bank was founded in 1920 in Singapore, and its first branch in Malaysia opened in 1956. In 1973, Lee Wah Bank became a subsidiary of UOB, fully owned by UOB, and was merged with UOB Malaysia in 1994
Personnel
The staff speaks English
Bank’s shareholders
UOB (Малайзия) is a subsidiary of UOB - the leading bank in Asia
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
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Minimum requirements
0
Minimum balance, €
No restrictions
Transactions permitted per month
0
Initial deposit of funds, €
0
Deadline for the initial deposit, month
Minimum balance, €
There are no requirements on the minimum balance on the account
Transactions permitted per month
There are no restrictions on the number of transfers
Deadline for the initial deposit, month
There are no requirements for initial deposit
Minimum turnover, €/year
No restrictions on annual turnover
How fast payments are executed
Day by day or next day
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Tariffs and services
N/A
Outcoming transfer, €
0
Incoming transfer, €
N/A
Account maintenance, €/year
N/A
Payment limit for credit cards, €/day
Outcoming transfer, €
Low rates for payments and account maintenance
Incoming transfer, €
Payment for bank transfer is not established
Distant access to the account
Account is managed through online banking (in English)
Financial products
The bank provides a variety of financial services for both private and commercial clients, including commercial lending, investment banking, treasury services and more
Credit/debit cards
The banks issue debit cards
Account opening procedure
Days to open for incoming transfers
Case by case
Days to open for outcoming transfers
Case by case
References
Not necessary
Purpose of the account
Savings & current
Visit to the bank
Personal visit of the account signatory to the bank is required to open an account
Required
Documents for legal entities:
- standard set of corporate documents; br
- accompanying information about the activity of the company, its economic indicators, the expected flow of money; br
- bank statements for the last 6 months (if the company previously did business); br
- contracts, invoices and transport documents according to the company's previous transactions (if the company previously did business).
If there are other legal entities in the structure, then a similar list of documents is requested.
Documents on physical persons: in the structure of the company:
- copy of the passport;
- copy of the document confirming the residence address (print from bank or utility bill not older than 3 months);
- CV of director and shareholder;
- bank statements from the director's personal account
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