yes.. day to day expenses and can receive huge amount at one time as well...  i dont know the system will detect it as suspicious activity.. according to friend work at BNM, its straight away fall under Anti-Money Laundering, Anti-Terrorism Financing (AMLA). saving acc is for saving not for business transaction... unless open business account or current account. current account need deposit i think.. depends with bank

yes.. day to day expenses and can receive huge amount at one time as well...  i dont know the system will detect it as suspicious activity.. according to friend work at BNM, its straight away fall under Anti-Money Laundering, Anti-Terrorism Financing (AMLA). saving acc is for saving not for business transaction... unless open business account or current account. current account need deposit i think.. depends with bank

ok found this:

"Current" is another word for Checking, as it is called in the US.

Savings account is an interest-bearing account with certain limitations. For example, in the US you cannot withdraw money from it more than 6 times a month. Here is the explanation why.

Current account is a "general-use" account on which you can write checks, use ATM/Debit cards and have unlimited transactions. It can also have negative balance (if your bank agrees to let you overdraft, they usually charge huge fees for that though). Checking accounts can have interest as well, but they usually don't, and if they do - it's much lower than the savings account interest.

from Maybank seems quite easy to open a current account.

Need how much deposit?

They called me and asked me why I had so many transactions, I said because there is a contest by another bank and I transferred between my own accounts (different banks) to generate entries.
They were not satisfied so they closed my account and returned the money to me. (All transactions are FPX/instant transfer, does not involve physical cash)
Now I am worried that they will put my name in a central blacklist or something, causing all banks to close my account
Anyone experienced this before ? Should at least give me a chance to explain , I have all the documents to prove that everything is legit
I know every bank has the sole and absolute discretion to decide if they want to close your account, I am just worried if my name will be in a central blacklist

Tak hansemkah?    
Failed maths...

its quite common nowadays especially after 1mdb thing.

Bank manager will be asked to invite certain suspicious customer come to drink coffee chit chat for KYC .If they unsatisfied, they will issue notice to terminate your account. You have no choice.

What is KYC?

They called me and asked me why I had so many transactions, I said because there is a contest by another bank and I transferred between my own accounts (different banks) to generate entries.
They were not satisfied so they closed my account and returned the money to me. (All transactions are FPX/instant transfer, does not involve physical cash)
Now I am worried that they will put my name in a central blacklist or something, causing all banks to close my account
Anyone experienced this before ? Should at least give me a chance to explain , I have all the documents to prove that everything is legit
I know every bank has the sole and absolute discretion to decide if they want to close your account, I am just worried if my name will be in a central blacklist

Current account not as popular here, because here our savings account behave like their current account
typically no limit on the number of withdrawals, and the interest is so low I consider it negligible (usually 0.2 to 0.3% pa)

"Current" is another word for Checking, as it is called in the US.
... from Maybank seems quite easy to open a current account.

most of our accounts here are current accounts. They just call it savings but that's a misnomer.

the true savings account are those step up accounts where your money is locked there for a few months.

Most of our accounts are savings account, because you do not get access to a cheque nor overdraft facilities with it.

no access to cheque doesn't mean it is a savings account.

they close ur acc wont kana blacklisted centrally lah. if kana also from own bank only.

try other banks lah. next time open current acc, basic one also can

no access to cheque doesn't mean it is a savings account.

just open maybank check la saving or current. see attachment .
i got both. and i dont open cheque too for my current acc. its optional