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Product Snapshot

SME business account with no fall below fees and no minimum balance requirements. Enjoy FREE PayNow/FAST/GIRO and E-Alerts. Apply online in less than 15 mins with no initial deposit required.

 

Features

No Fall-Below Fees
Free Transactions
Telegraphic Transfer
Free E-Alerts
Online Banking
Cheque Books

Fees & Charges

SME account offers no fall below fees and no minimum balance requirements, as well as FREE PayNow/FAST/GIRO/E-alerts.

Minimum Monthly Average Balance

No minimum average daily balance

Account Fee

S$0 (for first 12months)*

 

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening

*Waived for first 12months, thereafter S$28 per month

How To Apply

Step 1

Prepare the following documents before you start your application online for SME account. Refer to the document checklist below.

 

A Shariah-compliant alternative, CIMB SME-i Account is also available here.

Step 2

Click on the link below to begin your application. The application will take approximately 15 minutes* to complete. 

 

Apply Now

 

Document Checklist

Unsure about the documents needed to apply for the CIMB SME Account? Find out how with the user guide below.

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?

Learn how to apply for a CIMB business account online via two options – Corppass or UEN (Business Registration Number). 

Business Info, Appointment Holders & Authorised Signatories

 

Business Info, Appointment Holders & Authorised Signatories

Quick guide on filling up the details pertaining to the Company business information, appointment holders and selecting your authorised signatories on CIMB’s online account application platform

Authorised Contacts & Board Resolution

 

Authorised Contacts & Board Resolution

Quick guide on selecting your authorised contacts and acceptance of the standard board resolution on CIMB’s online account application platform 

Declarations & Document Uploads

 

Declarations & Documents Upload Guide

Quick guide on online application declarations & documents upload on CIMB’s online account application platform. 

 

Quick Tips

 

Quick Tips

Added features available on CIMB's online account application platform

 

BEST SGD-MYR FX RATE (BUSINESS)

Need to send money Malaysia for your business?

Enjoy the best exchange rate guaranteed*** when you do funds transfers to any account in Malaysia for your business transactions!

Find Out More
SG-MY FOR BUSINESS

BEST SG-ID FX RATE (BUSINESS)

Need to send money to Indonesia for your business?

Enjoy the best** exchange rates when you do funds transfers to any account in Indonesia for your business transactions!

Find Out More
SG-ID FOR BUSINESS

CIMB@Work

Enjoy exclusive benefits for salary crediting, credit cards and personal loan for you and your employees when you sign up for CIMB@Work.

Find Out More
CIMB@Work

SERVICES BEYOND BANKING

Our curated list of partners are here to support your company in areas of digitalisation, halal opportunities, medical and corporate services. From free Digital Consultancy to discounted medical care for your employees, start enjoying these benefits today!

Find Out More
SERVICES BEYOND BANKING

Awards and 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.

 

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Important Notices & Disclaimer

 

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. 

Terms & Conditions

 

*Waived for first 12months, thereafter S$28 per month

 

Terms and Conditions Governing The Corporate Deposits Accounts and Services apply. Click here for details.

 

Frequently Asked Questions (FAQ)

How do I open a CIMB SME business account?

 

Opening a CIMB SME business account is made fast and seamless with our online application process. Start by filling in the required information about your start-up or business, including business details, personal details, and other relevant information. Then, submit the necessary documents, which will be specified in the next section. After reviewing your application and agreeing to the terms and conditions, submit your application. Upon approval of your application, you will receive a confirmation email with your bank account details.

 

 

Who is eligible to open a CIMB SME business account online?

 

All business registered in Singapore can open an SME bank account with CIMB online via our online account application platform. If your application is in order, you will be able to receive your account number via email almost immediately and be able to start enjoying your business bank account with no minimum balance or fees.*

 

Businesses located elsewhere will have to contact our Bank Representative for assistance to open an SME current account with CIMB.

 

 

Will my CIMB SME account be opened instantly?

Your SME 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 SME bank account has been opened?

You will receive an acknowledgement email notifying you of the account details. 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 opening process. 

 

 

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

Yes, 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 application to open an SME bank account.

 

 

 

Explore our range of corporate banking solutions.

Download the Frequently Asked Questions (FAQ) here. 

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

 

Download BizChannel@CIMB Mobile App now

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