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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

Features

Shariah-Compliant
Cash Rebate on Transaction
Flat Telegraphic Transfers Fee
Zero domestic payment fees
No Fall-Below Fees
Best SGD-MYR Rate
An illustration on monthly account fees and transaction rebates: 

Account Fees and Transactions

 

Number of transactions

 

Charges

Rebate Earned

Earn S$2 per outward transaction via BizChannel@CIMB

(Capped at S$100 per month)

FAST / PayNow

25

Free

S$50

Giro

12

Free

S$24

Payroll

8

Free

S$16

Telegraphic Transfer

5

S$25

S$10

Account Fees

NA

S$50

NA

Fall-Below Fees

NA

$0

NA

Total

 50

S$75

S$100

NETT Account Fees Charges  

 

You earn $25 with transaction rebates!

 

Fees & Charges

Maximise your savings by earning cash rebate on every outgoing transaction

- first cash rebate business account in Singapore#. 

 

  • No fall-below fees 
 
  • No minimum balance requirements  
 
  • Unlimited free PayNow/FAST/GIRO/Payroll

 

  • Free E-alerts

 

 

 

Account Fee

S$50 per month 

 

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening

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

 

#First cash rebate business account in Singapore as of 24 October 2024

 

*Terms and conditions governing CIMB TransactPlus/TransactPlus-i Telegraphic Transfer campaign apply. Click here for details.

 

1Terms and conditions governing SG-MY best exchange rate promotion apply. Click here for details.

 

2Latest 6 months bank statement example: Today is Nov, 6 months statement will be for period May to Oct. 3 months account fee rebate will be credited within 2 months upon verification.

 

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

 

Frequently Asked Questions (FAQ)

What is the CIMB TransactPlus-i Account?

 

The CIMB TransactPlus-i Account is a first-of-its-kind business account in Singapore designed for businesses with high transaction volumes. It offers zero* fees on outgoing transactions, including PayNow, GIRO, bulk GIRO, and telegraphic transfers* (for a limited time). Plus, earn S$2 cash rebate per outgoing transaction, capped at S$100 per month.

 

 

Who is the CIMB TransactPlus-i Account best suited for?

This account is ideal for SMEs, traders, wholesalers, and businesses with frequent outgoing transactions, helping them reduce costs and earn cashback on payments.

 

 

What are the key benefits of the CIMB TransactPlus-i Account?

  • Zero outgoing transaction fees for PayNow, GIRO, and bulk GIRO payments
  • Zero* telegraphic transfer (TT) fees (Valid from now till 30 June 2025. Offer is valid for 6 months from date of account opening)
  • Earn S$2 cashback per outgoing transaction, capped at S$100 per month
  • No minimum balance requirement

 

 

How does the cashback reward work?

For every outgoing transaction (PayNow, GIRO, bulk GIRO, TT), businesses earn S$2 per transaction, with a maximum cashback of S$100 per month. This helps businesses offset costs while managing high transaction volumes.

 

 

How can I open a CIMB TransactPlus-i Account?

You can apply online in less than 15 minutes by submitting the required business documents through CIMB’s online account opening for a quick and hassle-free application.

 

 

Are there any minimum balance requirements or fall-below fees?

No, there are no minimum balance requirements or fall-below fees, giving businesses full flexibility without additional charges. However, there is a monthly account fee of S$50.

 

 

How long will the zero* telegraphic transfer (TT) fee benefit last?

The zero* TT fee promotion is available for new CIMB TransactPlus-i Account opened from now till 30 June 2025. Offer is valid for 6 months from date of account opening. Please refer to the promotion T&Cs for details.

 

 

 

Explore our range of commercial banking solutions.

Download the Frequently Asked Questions (FAQ) here. 

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

 

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