Opened a Bank Account | Biz Info

Opened a Bank Account

One of the company account had to be closed because the cheque bounced 3 times already and I agreed to be the sole proprietor and had the names changed yesterday into mine. Then I opened a company bank account and it was immediately approved, where previously, under the former owner, 2 banks rejected the application due to outstanding issues. Hopefully, I will get the cheque book next week after the bank does a background search. This sounds complicated but such is the nature of things after stringent ruling from Bank Negara. So, always check if you have sufficient money in the bank before issuing out cheques haphazardly.