Streamline Your SME banking with UOB’s Online Account Opening

Building and growing a successful business can be a monumental task for budding entrepreneurs, as new business owners often find themselves juggling multiple responsibilities, causing a shortage of time. This often leaves little room for administrative tasks, such as opening a new bank account.

However, with UOB's fully online account opening journey, opening a new business account has never been more efficient or convenient. All you need to do is to download the UOB SME app, followed by 3 simple steps:

3 Steps to Open a Business Current Account Online with UOB

Step 1: After downloading the UOB SME app, verify your identity via the UOB SME app.

You’ll need to take a front and back picture of your MyKad, followed by a selfie.

Step 2: Tell us more about your business by filling out the application form.

At this point, you may complete the account opening process using your smartphone or computer, the choice is yours.

After completing the form with the required details, expect a call regarding the status of your application. Once the call is done, you’ll receive an update email to perform a DuitNow transfer.

Step 3: Complete a DuitNow Transfer.

Complete a DuitNow transfer from your non-UOB personal bank account to your new account. And with that, you have completed the account opening process, 100% online!

Grow Your Business with Fast Access To Banking via the UOB SME App

Thanks to the UOB SME App and online account opening process, business owners can say goodbye to the hassle of visiting a physical branch, and open a business current account all from the comfort of their own space, at any time that suits their schedule. Likewise, business owners will also be able to benefit from UOB's tailored SME banking solutions, designed to meet the diverse needs of entrepreneurs.

Let's explore the unique features of the UOB SME app¹:

• Enjoy Attractive Foreign Exchange Rates: Monitor FX rates via the UOB SME app in real-time, and never miss out on good foreign exchange rates again! Set a watchlist of your favourite currencies and be alerted when your set currencies reach your desired rate.
  
  
• Know Where Your SME’s Cash Flow Stands in A Few Clicks: View your account balance, past 6 months’ cash inflow and outflow, all on one interactive dashboard. Receive personalised insights on what to do next, helping you make business decisions quickly.
  
  
• Make & Approve Transactions On-The-Go:  Running a business may require business owners to be on the go at times and the Infinity Secure feature lets business owners approve transactions without needing to use a token.  Now that’s what we call a time-saving feature!

Building Big With UOB Malaysia

UOB's fully online account opening journey and tailored SME banking solutions reaffirm its dedication to supporting SMEs on their journey to success. By prioritising convenience, accessibility, and innovation, UOB empowers entrepreneurs to focus on what they do best – building and growing their businesses.

Discover more about UOB's business accounts here² and unlock the full potential of your SME banking experience today.

¹ UOB SME App https://www.uob.com.my/business/digitalise/uob-sme.page
² UOB Malaysia: Account & Transact https://www.uob.com.my/business/transact/index.page