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Discover the right account to suit your business needs!

What's more, if your company is incorporated in Malaysia, you can open a CIMB Singapore business account online!

 

CIMB SME Account

Low fees, Big Savings

Best for Start-ups and

cost-savvy SMEs

 
  • $0 account fee for first year, thereafter S$8 per month
  • No initial deposit, minimum balance, fall below fees
  • Free Unlimited PayNow, FAST, GIRO
  • S$15 Flat Fee via BizChannel (excluding Agent fee)

 

 

 

 

Learn more

CIMB TransactPlus

Earn More as You Transact with Cashback and Low Fees

Best for high volume transactors

 
  • S$28 account fee
  • Cash rebate of S$2 for every outward payment via BizChannel (capped at S$100 per month) 
  • No initial deposit, minimum balance, fall below fees
  • Free Unlimited PayNow, FAST, GIRO
  • Promo: Free Telegraphic Transfer for 6 months for new accounts opened by 30 Jun’25. (Usual: S$5 Flat Fee via BizChannel)  
Learn more

CIMB BusinessGo 

Maximise Your Funds with High Interest Returns and no lock-in

Best for Growth-Focused Business Savers

 
  • S$0 account fee
  • Free Unlimited PayNow, FAST, GIRO
  • S$18.88 Flat Fee for Telegraphic Transfer via BizChannel (excluding Agent fee)
  • Promo: Waiver of minimum balance fee from now till 30 Jun’25 (Usual: S$88 per month if monthly average balance less than S$30,000)

 

 

Learn more

A Shariah-compliant alternative, CIMB SME-i Account, CIMB TransactPlus-i Account and CIMB BusinessGo-i Account is also available.

Apply Now

 

Compare All Business Accounts

CIMB Business Accounts

CIMB SME Account/ SME-i Account

CIMB TransactPlus / TransactPlus-I Account

CIMB BusinessGo/ BusinessGo-I Account

CIMB USD Interest Plus Current Account

CIMB USD BusinessGo-i Account

CIMB SGD Business Interest Transaction Account/ Business Plus Current Account-i

CIMB SGD Current Account

Monthly Fee

S$0 for first 12 months, thereafter S$8

S$28

S$0

S$0

S$0

S$0

S$0

Fall-Below Fee

Waived

Waived

New Customer Promotion
Waiver* until 30 Jun'25

S$88 per month if monthly average balance less than S$30,000

New Customer Promotion
Waiver* until 30 Jun'25
US$35 per month if monthly average balance falls below US$8,000

US$50 per month if monthly average balance falls below US$30,000

S$35 per month if monthly average balance falls below S$8,000

S$35 per month if monthly average balance less than S$8,000

Special benefits

N.A

Cash rebate of S$2

for every outward payment via BizChannel
(capped at S$100 per month) 

New Customer Promotion
3%* p.a. from 1st dollar until 30 June'25

New Customer Promotion
3.8%* p.a. from 1st dollar until 30 Jun'25

New Customer Promotion
3.8%* p.a. from 1st dollar until 30 Jun'25

N.A

N.A

CIMB Business Accounts

CIMB SME Account/ SME-i Account

CIMB TransactPlus / TransactPlus-i

CIMB BusinessGo/ BusinessGo-i

CIMB USD Interest Plus Current Account

CIMB USD BusinessGo-i Account

CIMB SGD Business Interest Transaction Account/ Business Plus Current Account-i

CIMB SGD Current Account

Domestic Payments

Waived
(PayNow/FAST/GIRO)

Waived
(PayNow/FAST/GIRO)

Waived
(PayNow/FAST/GIRO)

N.A

N.A

Waived until 31 Dec'25
(PayNow/FAST)
S$0.20 per item (GIRO)

Waived until 31 Dec'25
(PayNow/FAST)
S$0.20 per item (GIRO)

Telegraphic Transfer

(via BizChannel@CIMB)  

S$15 flat
(excluding Agent charge)

New Customer Promotion
S$0^ for 6 months
Usual: S$5 flat
(excluding Agent charge)

S$18.88 flat
(excluding Agent charge)

Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)

S$50 (without FX)
S$20 (with FX)   

Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)
Commissions 0.0625%

Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)
Commissions 0.0625%

 

 

BUSINESS ACCOUNT PROMO

Enjoy the Highest* Returns on your USD business funds

From now until 30 June 2025, open a CIMB USD Interest Plus Current Account by 31 May 2025 to earn 3.8%* p.a. from your 1st dollar and enjoy WAIVER* of min. monthly balance on your account. *As at 08 Jan 2025. T&Cs apply.

Find Out More
obca-ntb-promo
         A Shariah-compliant alternative CIMB USD BusinessGo-i Account is available here. ​

BUSINESS ACCOUNT PROMO

Enjoy the Highest* Returns on your SGD business funds

From now until 30 June 2025, open a CIMB SGD BusinessGo Account by 31 May 2025 to earn 3%* p.a. from your 1st dollar and enjoy WAIVER* of min. monthly balance on your account. *As at 08 Jan 2025. T&Cs apply.

Find Out More
obca-ntb-promo
         A Shariah-compliant alternative CIMB BusinessGo-i Account is available here. ​

BUSINESS ACCOUNT PROMO

Boost Your Business with Zero Transaction Fees and Earn Cash Rebates *! ​

If your business manages high volumes of transactions, the CIMB TransactPlus Business Account is designed just for you. ​ $0 Transaction Fees, Minimum Balance and up to S$100 Cash Rebates

Apply Now
transactplus promo
 
         A Shariah-compliant alternative CIMB TransactPlus-i Business Account is available here. ​

Document Checklist

 

Before applying for your business bank account online with CIMB, it’s best to have the following documents ready to speed up the process.

 

Private Limited/Public Company

1. Certified true copies1

Memorandum and Articles of Association or Constitution.

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All directors
  • All authorised signatories
  • All controlling persons (only if applicable to your company)
  • All Ultimate Beneficial Owners
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Private Limited or Public Company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Download Document Checklist for Private Limited/ Public Company (EN)
Download Document Checklist for Private Limited/ Public Company (CN)

Partnership

1. Certified true copies1

Partnership agreement. 

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All Partners (For Partnership Entities)
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

 

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Partnerships: 2 partners

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Download Document Checklist for Partnership (EN)
Download Document Checklist for Partnership (CN)

Sole Proprietorship

1. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All owners for Sole Proprietor
  • All approving persons

 

2. Image with NRIC for ALL NRIC submitted above

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Download Document Checklist for Sole Proprietorship (EN)
Download Document Checklist for Sole Proprietorship (CN)

Quick Guide

 

Need help with applying your business account online? View our guided videos or download the Online Account Application English User Guide, and the Online Account Application Chinese User Guide for more information.

For Bizchannel Onboarding, please view the step-by-step guide here. 

Starting an Application

 

How To Open An Online Business Account?

You can do it online via two options – Corppass or UEN (Business Registration Number). 

Business Info, Appointment Holders & Authorised Signatories

 

Business Info, Appointment Holders & Authorised Signatories

How to fill up the details pertaining to the Company business information, appointment holders and selecting your authorised signatories.

Authorised Contacts & Board Resolution

 

Authorised Contacts & Board Resolution

Selecting authorised contacts and accepting the standard board resolution are two main steps when applying for a business bank account online with CIMB. Understand how to properly choose and approve these elements for the best possible result.

Declarations & Document Uploads

 

Declarations & Documents Upload Guide

Submitting online declarations and uploading relevant documents is another requirement when you are opening your business account online. Doing so correctly will help make the application process smooth and successful.

 

Quick Tips

 

Quick Tips

Discover the added features available on CIMB's online account application platform.

 

 

Frequently Asked Questions (FAQ)

 

Who is eligible to open an online business current account with CIMB?

All business registered in Singapore can open a business bank account online via our online account application platform. We offer same day bank account opening. If your application is in order, you will be able to receive your account number almost immediately via email. * Businesses located elsewhere will have to contact our Bank Representative for assistance to open a company bank account with CIMB.

 

 

 

Will my business bank account be opened instantly?

Your business bank account with CIMB Singapore will be open on the same day if all the necessary documents submitted are in order. Otherwise, our CIMB representative will contact you to follow up with your application.

 

 

How do I know if my company bank account has been opened?

You will receive an acknowledgement email notifying you of the account details for your new business bank account. Subsequently, a confirmation email will be sent to you upon successful opening of the account. These emails will be sent to the email address you provided during the account application process.

 

 

Will I be able to save my business account application and come back at a later time to continue with it?

Yes, when you apply online for a CIMB business account, there is an option available for you to select to save your application at each step so that you will be able to resume your saved application should you wish to continue at a later time. A reminder email will also be sent to you to complete your business bank account application.

 

 

Download the Online Account Application Frequently Asked Questions (FAQ) here.

Download the Online Account Application Frequently Asked Questions (FAQ) in Chinese here.

More Information

 

Terms & Conditions

*Terms and conditions for the New Customers Interest Promotion apply. Click here for SGD details and here for USD details.

 

^Terms and conditions for the New Customers Free TT Promotion apply. Click here for details.

 

With effect from 1 January 2024, the following charges will apply for all SGD-denominated and local USD-denominated corporate cheque clearing and depositing.  For SGD cheque charges for clearing and deposit : S$0.75 per cheque. For USD cheque charges for clearing and deposit : USD1.00 per cheque.

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. 

 

For full Terms & Conditions of all accounts, click here.

 

 

 

Fact Sheet

 

Download the Fact Sheet here.

Awards & Recognition

 

CIMB’s commitment to excellence is reflected in its awards and recognitions. These accolades underscore our dedication to providing unparalleled services and innovative solutions for our clients.

 

Global SME Banking Innovation Awards 2024

Best SME Business Current Account/Transaction Account 

Global SME Banking Innovation Awards 2024

Best SME Beyond Banking Service Initiative

Asian Banking & Finance Wholesale Banking Awards 2023/2024

Singapore International Cash Management Bank of the Year

Explore the full list of awards and recognitions to understand more about our achievements.

Related articles

Featured Promotions

 

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