Features

Shariah-Compliant
No Fall-Below Fees
Free Transactions
Telegraphic Transfer
Online Banking
Additional Benefits

Why choose CIMB Business Account?

 

Accounts CIMB SME Account-i Bank A Bank B Bank C
Monthly Fee Free for first year, thereafter S$8 per month S$50 S$10 (waived for the first 2 months) S$35
Minimum monthly balance

No initial deposit

No minimum balance

No fall below fees

No initial deposit

Minimum balance: S$10,000

S$40 monthly service charge

Initial deposit: S$1,000

Minimum balance: S$1,000

Falll below fee: S$15

Initial deposit: S$1,000

Minimum balance: S$5,000

Fall below fee: S$15

Transaction charges Free unlimited PayNow, FAST, GIRO 50 free FAST and 50 free GIRO payments per month 80 free FAST and 80 free GIRO per month

60 free FAST and 60 Paynow payments per month

Free Bulk GIRO

Telegraphic Fees S$15 Flat Fee via CIMB@BizChannel S$30 flat fee for outward TT Information not available Information not available

Information is accurate as at 1 March 2025.

Fees & Charges

Shariah-compliant equivalent of CIMB SME Account with No initial deposit, No minimum balance, No fall-below fees, Unlimited Free PayNow/FAST/GIRO, Free eAlerts

Account Fee

$0* account fee for first year (save $96), thereafter S$8 per month. 

 

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening

 

How To Apply

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 to apply for an account? Find out 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

Terms & Conditions

 

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

 

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.

 

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

Frequently Asked Questions (FAQ)

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

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