Get higher interest/profit, free telegraphic transfer and more with CIMB Business Accounts*. 

 

CIMB Business Accounts are designed to help start-ups, SMEs and businesses to start, expand or grow. Choose an account that suit your business needs. 

For companies that are also incorporated in Malaysia, you can open a business account with CIMB Singapore. Simply follow the instructions on the application page and apply online

 

 

Interest/Profit-bearing Business Account 

 

Earn interest/profit on your account balances and account features to help manage and grow your business. 

 

Supercharge Your Savings

From now until 31 Jan 2025, open a CIMB BusinessGo or BusinessGo-i account by 31 Dec 2024 to earn 2.68%* p.a. on your balances, enjoy FREE* Telegraphic Transfers worldwide & WAIVER* of min. monthly balance on your account. Learn more about CIMB BusinessGo / CIMB BusinessGo-i.

Fuss-free digital banking for SMEs

 

The ideal account for new businesses and start-ups. The online business current account that does not require any initial deposit, no fall-below fees and no minimum average balance. Learn more about CIMB SME Account

Manage your USD funds and earn interest on your excess funds

The online business account that allows you to manage your USD funds flow whilst earning a yield on your excess business funds. Learn more about CIMB USD Interest Plus Current Account.

 

 

 

Still unsure which one is suitable for your company? Here’s an overview of the bank accounts available to your business and what they offer.

For companies that are incorporated in Malaysia, you can open a business account with CIMB Singapore. Simply follow the instructions on the  application page and apply online

 

 

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.

Account Type

CIMB SME Account/ SME-i Account

CIMB TransactPlus / TransactPlus-i CIMB BusinessGo/ BusinessGo-i CIMB SGD Current Account CIMB USD BusinessGo-i Account CIMB USD Interest Plus Current Account CIMB SGD Business Interest Transaction Account/ Business Plus Current Account-i

Credit Interest/Profit

Non-interest/Profit bearing account

Non-interest/Profit bearing account

(Rates Effective from 3 Oct 2022)

 

Account Balance of S$30,000.00 and below | 0%

Account Balance of S$30,000.01 - S$1,000,000.00 | 0.80%

Account Balance of S$1,000,000.01 to S$2,000,000.00 | 2.00%

Account Balance of S$2,000,000.01 and above | 0.28%

 


*Earn 2.68% p.a. till 31 Jan’25 (For new customer sign up before 31 Dec'24)

Non-interest/Profit bearing account

(Rates Effective from 3 Oct 2022)

 

US$30,000.00 & below | 0%

US$30,000.01 & above | 0.60%

(Rates Effective from 3 Oct 2022)

 

US$500,000.00 and below | 0%

US$500,000.01 - US$1,000,000.00 | 0.60%

US$1,000,000.01 - US$3,000,000.00 | 2.00%

US$3,000,000.01 and above | 1.00%

 

*Earn 3.88% p.a. till 31 Jan’25 (For new customer sign up before 31 Dec'24)

No Standard rates, can be customized
Fall Below Fee/Monthly Fee

Fall Below Fee:

Waived   

 

Monthly fee:

Zero monthly account fees for first 12 months

Fall Below Fee:

Waived   

 

Monthly fee:

S$50

Fall Below Fee:

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

 

Monthly Fee: 

$0

 

*WAIVED till 31 Jan’25 (For new customer sign up before 31 Dec'24)

Fall Below Fee:

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


Monthly Fee:

$0

Fall Below Fee: US$50 per month if monthly average balance falls below US$30,000


Monthly Fee:

$0

Fall Below Fee:

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


Monthly Fee:

$0

 

*WAIVED till 31 Jan’25 (For new customer sign up before 31 Dec'24)

Fall Below Fee:  

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


Monthly Fee:

$0

PayNow

Waived Waived Waived

*Free outgoing FAST and PayNow FAST till 31 Dec 2024 and Free incoming PayNow till 31 Dec 2025. 

NA NA

*Free outgoing FAST and PayNow FAST till 31 Dec 2024 and Free incoming PayNow till 31 Dec 2025. 

FAST

Waived Waived Waived S$2 per item (For bulk, SGD1) NA NA S$2 per item (For bulk, S$1)

GIRO

Waived

Waived Waived S$0.20 per item NA NA S$0.20 per item
Telegraphic Transfer

S$15 flat

(excluding Agent charge)

S$5 flat

(excluding Agent charge)

S$18.88 flat

(excluding Agent charge)

 

*FREE till 31 Jan’25 (For new customer sign up before 31 Dec’24)

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)

 

*FREE till 31 Jan’25 (For new customer sign up before 31 Dec’24)

Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)
eAlerts Free e-Alerts Free e-Alerts Free e-Alerts Waived for first 3 months
Subsequent monthly fee – S$5 flat per account
Waived for first 3 months
Subsequent monthly fee – S$5 flat per account
Waived for first 3 months
Subsequent monthly fee – S$5 flat per account
Waived for first 3 months
Subsequent monthly fee – S$5 flat per account

Cheque Book

Available upon request at S$25 per book Available upon request at S$25 per book

First cheque book fee waived.

Subsequent cheque book requested will be charged at S$25 per book

Available upon request @ S$25 per book Available upon request @ US$25 per book Available upon request @ US$25 per book Available upon request @ S$25 per book
Transactional Rebate NA

Cash rebate of S$2 to customer for each outward payment done via BizChannel

(capped at S$100 per month) 

NA NA NA NA NA

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

 

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

 

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

 

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

 

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 apply. Please refer to the respective page for details.

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

 

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.

Featured Promotions

 

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