Bank Affidavit Template for Malaysia

A Bank Affidavit is a formal sworn declaration that you may need to provide to your bank or financial institution in Malaysia for various banking matters. This legal document serves as a verified statement of facts related to your banking relationship and must be executed before a Commissioner for Oaths to ensure its legal validity and admissibility in any subsequent proceedings.

When do you need this document?

You will typically need a Bank Affidavit when reporting lost or stolen bank cards, passbooks, or cheques to prevent fraudulent use. Banks also require this document when you need to verify account ownership for inheritance matters or when closing accounts of deceased relatives. If you're disputing unauthorized transactions or need to confirm your account status for legal proceedings, a Bank Affidavit provides the formal declaration that courts and other institutions will accept. Corporate account holders often use this document to authorize representatives or confirm signatory changes, while individuals may need it for loan applications or when updating personal information lacks proper documentation.

Key legal considerations

Your Bank Affidavit must contain accurate personal identification details including your full name, NRIC or passport number, occupation, and current address. The document should clearly specify all relevant banking information such as account numbers, branch details, and account types involved. Each factual statement must be numbered and presented clearly, as false declarations in an affidavit constitute perjury under Malaysian law. You must ensure that all information provided is truthful and complete, as banks rely on these declarations for risk assessment and regulatory compliance. The affidavit becomes a permanent record that can be used as evidence in legal proceedings, so accuracy is paramount.

Legal requirements in Malaysia

Under Malaysian law, your Bank Affidavit must comply with the Statutory Declarations Act 1960, which governs the formal requirements for sworn statements. The document must be executed before a Commissioner for Oaths, who will verify your identity and witness your oath. The Banking and Financial Institutions Act 1989 requires banks to maintain proper documentation for all customer interactions, making properly executed affidavits essential for regulatory compliance. If you're acting through a representative, the Powers of Attorney Act 1949 sets out additional requirements for valid authorization. The Evidence Act 1950 governs how your affidavit can be used in legal proceedings, ensuring that properly executed documents carry significant legal weight. Your affidavit must follow the format requirements set out in the Commissioners for Oaths Rules 2018, including proper heading, oath declaration, and commissioner certification.