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

 

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

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 to open CIMB's 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 CIMB's SME business account online?

 

All businesses registered in Singapore, whether SMEs or large enterprises, can open a bank account through our online account application platform. Upon the successful submission and processing of your application, you will promptly receive your account number via email. Businesses situated outside Singapore, however, are requested to connect with our Bank Representative for necessary guidance on opening an account with CIMB.

 

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