A Bank Account Opening Request Letter For Company Employees is a crucial document used in the Malaysian business environment when a company needs to facilitate the opening of bank accounts for its workforce. This document is particularly relevant when onboarding new employees or when a company switches banking providers for its payroll services. The letter must comply with Malaysian banking regulations, including the Financial Services Act 2013 and various Bank Negara Malaysia directives. It typically includes company details, employee information, and specific account requirements, while also incorporating necessary authorizations and declarations required by Malaysian banking authorities. This document streamlines the account opening process by presenting a formal, company-authorized request to the banking institution.

1. Letter Header: Company letterhead, date, bank's address, and reference number if applicable

2. Salutation: Formal greeting addressed to the appropriate bank officer or department

3. Subject Line: Clear indication of the letter's purpose - Request for Employee Bank Account Opening

4. Introduction: Brief introduction of the company and the purpose of the letter

5. Company Information: Key details about the company including registration number, business nature, and authorized contact persons

6. Request Details: Specific request for opening bank accounts for employees, including the type of accounts required

7. Employee Information: General reference to the list of employees (detailed in attachment) for whom accounts are to be opened

8. Authorization Statement: Company's authorization to open accounts and process related documentation

9. Closing: Formal closing statement, signature block with authorized signatory details