Product Snapshot

Maximise your savings by earning cash rebate on every outgoing transaction—first cash rebate business account in Singapore#. Save more with flat telegraphic transfer fees and zero fall-below fees. 

 

Features

Shariah-Compliant
Cash Rebate on Transaction
Flat Telegraphic Transfers Fee
Zero domestic payment fees
No Fall-Below Fees
Best SGD-MYR Rate

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

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!

 

 

Additional Bonus 

Enjoy 3 months account fee rebate (total of S$150) when you also submit with your latest 6-month bank statement2 to sg.business.assist@cimb.com.

How To Apply

Step 1

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

 

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 TransactPlus-i 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

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.

 

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

 

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)

How do I open a CIMB TransactPlus-i account?

 

Opening a CIMB TransactPlus-i 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 TransactPlus-i account online?

 

All business registered in Singapore can open a TransactPlus-i 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 a TransactPlus-i account with CIMB.

 

 

Will my CIMB TransactPlus-i account be opened instantly?

Your TransactPlus-i 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 TransactPlus-i 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 TransactPlus-i 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 TransactPlus-i account.

 

 

 

Explore our range of commercial banking solutions.

Download the Frequently Asked Questions (FAQ) here

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

 

Download BizChannel@CIMB Mobile App now