Bank or similar financial institution account in Malaysia

Malaysia: Bank or similar financial institution account was 87.2% in 2024. ▲ Rising

Latest (2024)
87.2%
Change on year
down 1.1%
World rank
39th
of 115 countries
All-time high
88.2%
in 2021
All-time low
66.2%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account in Malaysia, 2011–2024

0204060802011201720242011: 66.2 % age 15+2014: 80.7 % age 15+2017: 85.1 % age 15+2021: 88.2 % age 15+2024: 87.2 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

In 2024, bank or similar financial institution account in Malaysia stood at 87.2%.

That represents a change of down 1.1% on the previous year and up 8.1% over ten years.

Over the whole period, bank or similar financial institution account in Malaysia peaked at 88.2% in 2021 and was at its lowest, 66.2%, in 2011.

That places Malaysia 39th out of 115 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account in Malaysia, year by year

Annual values for Bank or similar financial institution account (% age 15+) in Malaysia, 2011 to 2024.
Year % age 15+ Change
2011 66.2%
2014 80.7% +21.9%
2017 85.1% +5.5%
2021 88.2% +3.6%
2024 87.2% -1.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 77.3% 66.2% 85.1% 3
2020s 87.7% 87.2% 88.2% 2

Countries ranked near Malaysia

  1. 36 India 88.7% compare
  2. 37 Greece 88.6% compare
  3. 38 Ukraine 87.6% compare
  4. 40 Hungary 87.0% compare
  5. 41 Venezuela, Bolivarian Republic of 86.4% compare
  6. 42 Poland 86.1% compare

See the full ranking of 127 places →

More reference data data for Malaysia

All data for Malaysia →

Frequently asked questions

What is bank or similar financial institution account in Malaysia?
Bank or similar financial institution account in Malaysia was 87.2% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Malaysia?
The highest recorded value was 88.2% in 2021.
What is the lowest bank or similar financial institution account recorded in Malaysia?
The lowest recorded value was 66.2% in 2011.
How does Malaysia rank for bank or similar financial institution account?
Malaysia ranks 39th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Malaysia?
Over the last ten years it is up 8.1%. The long-run trend across the full record is rising.
Where does this Malaysia data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in Malaysia. Statizoid, drawing on Global Findex Database. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/malaysia/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)