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Request For Salary Transfer Letter for Malaysia

Request For Salary Transfer Letter Template for Malaysia

A Request for Salary Transfer Letter is a formal document used in Malaysia to initiate the process of changing the bank account where an employee's salary is deposited. This document, governed by Malaysian employment and banking regulations, serves as an official communication between an employee and their employer's HR/payroll department. It includes essential details such as current and new banking information, effective date of the change, and necessary authorization elements, ensuring compliance with the Employment Act 1955 and Financial Services Act 2013. The letter format is designed to create a clear audit trail for salary payment modifications while protecting both employer and employee interests.

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What is a Request For Salary Transfer Letter?

The Request For Salary Transfer Letter is an essential document in Malaysian employment practices, typically used when an employee needs to change the bank account where their salary is deposited. This might occur due to various reasons such as switching banks, opening a new account, or closing an old one. The document must comply with Malaysian banking regulations and employment laws, particularly the Employment Act 1955 and Financial Services Act 2013. It contains crucial information including the employee's details, current and new banking information, requested effective date, and proper authorization. This formal request ensures proper documentation for audit purposes and helps maintain accurate payroll records while protecting both employer and employee interests in salary transactions.

What sections should be included in a Request For Salary Transfer Letter?

1. Letter Header: Sender's complete contact details including name, employee ID, and current position

2. Date and Reference: Current date and any relevant reference numbers

3. Recipient Details: HR Department/Payroll Manager's name and address

4. Subject Line: Clear indication that this is a salary transfer request

5. Opening Statement: Formal greeting and clear purpose of the letter

6. Current Banking Details: Existing bank account information where salary is being credited

7. New Banking Details: New bank account information where salary should be transferred

8. Effective Date: Requested date for the change to take effect

9. Closing Statement: Request for confirmation and appreciation

10. Signature Block: Formal signature, printed name, and employee details

What sections are optional to include in a Request For Salary Transfer Letter?

1. Reason for Change: Explanation for requesting the bank change (optional unless required by company policy)

2. Previous Correspondence Reference: Reference to any previous communications about this matter

3. Copy Recipients: CC list if other departments or individuals need to be informed

4. Emergency Contact: Alternative contact details in case of queries

What schedules should be included in a Request For Salary Transfer Letter?

1. Bank Account Proof: Copy of new bank account statement or bank card as proof of account ownership

2. Identity Verification: Copy of employee ID or other identification as required by company policy

3. Bank Account Closure: Proof of old account closure (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions












Clauses










Relevant Industries

Banking and Financial Services

Public Sector

Manufacturing

Technology

Education

Healthcare

Retail

Construction

Professional Services

Telecommunications

Energy

Transportation

Hospitality

Real Estate

Agriculture

Relevant Teams

Human Resources

Payroll

Finance

Accounts

Employee Services

Compensation and Benefits

HR Operations

Financial Operations

HR Administration

Accounting

Relevant Roles

Human Resources Manager

Payroll Administrator

Finance Manager

HR Executive

Compensation and Benefits Manager

HR Director

Payroll Manager

Finance Director

HR Administrator

Accounts Payable Manager

HR Operations Manager

Financial Controller

Employee Relations Manager

HR Business Partner

Payroll Specialist

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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