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The Employee Bank Account Opening Letter is a crucial document in the Malaysian employment context, used when companies need to establish banking arrangements for their employees' salary payments. This document is typically required at the commencement of employment or when transitioning employees to a new banking provider. It serves multiple purposes: it formally requests the bank to open an account, provides necessary employee information, confirms the employer's commitment to process salary payments, and includes required authorizations under Malaysian banking regulations. The letter is essential for compliance with the Financial Services Act 2013 and Employment Act 1955, particularly regarding wage payment methods and banking requirements. It's commonly used across all business sectors and is especially important for companies with formal payroll systems or those employing foreign workers.

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

2. Subject Line: Clear indication that this is regarding employee bank account opening

3. Introduction: Brief introduction stating the purpose of the letter and employee reference

4. Employee Details: Full name, identification number, and employment details of the employee

5. Account Opening Request: Formal request to open a salary account for the employee

6. Salary Payment Details: Information about salary payments, including frequency and estimated amount

7. Authorization Statement: Company's authorization to open the account and process salary payments

8. Contact Information: Company representative's contact details for follow-up queries

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