# Why do banks reject new company accounts? — RCS
URL: https://robocompanysecretary.com/answers/why-banks-reject-new-accounts/

## Why do banks reject new company accounts?

Last updated: 14 October 2026 Answer from Robo Company Secretary How we write answers

Four causes explain most rejections: a vague business description compliance can't map to real activity, a mismatch between MSIC codes and the stated business, a foreign ownership chain that can't be resolved to real individuals, and adverse name-screening hits. All four are addressable before submission — the point of preparing the file properly.

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Also asked as: corporate account rejected; bank tolak akaun syarikat kenapa; company account application failed.

A rejection isn't always final: banks rarely tell you the reason, but the pattern is usually diagnosable from the file. We fix and resubmit, or redirect to a bank whose risk appetite fits the profile.

### Key facts

- Vague description, MSIC mismatch, unresolvable BO chain, adverse screening
- Pre-cleaning the file beats appealing a rejection

Call +60 10-383 5988 (a licensed secretary replies within one working hour (Mon–Fri 8:30am–5:30pm MYT; outside hours, first thing next working day)) or walk in at J-3A-15, Solaris Mont Kiara.

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### Related questions

- How do I open a corporate bank account after incorporation?
- What is an MSIC code and how do I choose one?
- Can a 100% foreign-owned company open a Malaysian bank account?

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