• CIMB Insights
  • Solutions & Products
  • Digital Banking
  • Promotions
  • Help & Support
  • Quicklinks
CIMB Insights
Solutions & Products
Digital Banking
Promotions
Help & Support
Quicklinks
Scale Up
Manage My Business
Financial Lifestyle
Solutions
Loans & Financing
Cash Management
Trade Finance
Treasury
Financial Institutions Group
Latest Promotions
Special Promotions
Events
Rates & Charges
Regulations & Policies
Ways to Bank

CIMB BusinessGo Promotion

Limited Time Offer!

From now until 31 Jan '24, open a CIMB BusinessGo account by 31 Dec '23 to earn 2.88%* p.a. on your balances, enjoy FREE* Telegraphic Transfers worldwide & a WAIVER* of min. monthly balance on your account.

Find Out More
CIMB BusinessGo Promotion

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

CIMB USD Interest-Bearing Account

Enjoy BONUS interest of up to 2%* p.a.

From now till December 2023, enjoy bonus interest of up to 2%* p.a. by simply topping up into your USD interest-bearing current account.

Find Out More
CIMB USD Interest-Bearing Account

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

What type of account does your business need?

 

Standard Business Account

 

An interest-bearing account that is packed with all the features you'll need for your business, earn a yield on your excess balances! Find out more about the benefits of CIMB BusinessGo.

 

 

 

Interest Bearing

Earn interest rates of up to 2.00%* p.a.

 

For new customers who open an account by 31 Dec '23, enjoy 2.88%* p.a. on your entire balance!

 

 

 

FREE Transactions

Fees are waived for all FAST, PayNow, GIRO & Payroll transactions performed via BizChannel@CIMB - for all single and bulk transactions.

 

Zero Maintenance Fees

No monthly or annual maintenance fee when you open a business bank account with us.

 

Virtual Account (VA) Service

Assign a VA to each of your payers/payees for easy reconciliation of your transactions.

 

Additional Features

Enjoy exclusive offers from our partners and FREE E-Alerts Service. First Cheque Book Fee Waived.
Apply Now

Fuss-free digital banking for SMEs

 

The online business current account that has no fall-below fees and no minimum average balance requirements in Singapore. Open a corporate account on the same day as you register and get instant access to BizChannel@CIMB, our internet banking platform - both online and mobile app - to perform all your transactions. Find out more about the account here.

 

No Fall-Below Fees

Plus no minimum average balance required. Zero monthly account fees for first 12 months.

 

 

 

FREE Transactions

Fees are waived for all FAST, PayNow, GIRO & Payroll transactions performed via BizChannel@CIMB - for all single and bulk transactions.

 

Telegraphic Transfer

Enjoy Telegraphic Transfer rate of S$15 flat fee. 

 

FREE E-Alerts

Receive free E-Alerts to manage and monitor your accounts seamlessly with our secure notification service.

 

Access to BizChannel@CIMB

Manage your business accounts anytime, anywhere, with BizChannel@CIMB Online Banking.

Receive first 3 tokens free!

 

Cheque Book

Available upon request at S$25 per book
Apply Now

Cross Border Support

 

 

The online business account that allows you to manage your USD fund flow and avoid unnecessary foreign exchange costs! Learn more about CIMB USD Interest Plus Current Account.

 

 

Trade/Settle in USD currency

Manage your USD fund flow and avoid unnecessary FX costs!

 

 

Interest Bearing Account

Open this USD current account online and start earning a yield on your operating funds.

 

 

Access to BizChannel@CIMB

Manage your business accounts anytime, anywhere with BizChannel@CIMB Online Banking.

 

Cheque Books

Available upon request at US$25 per book

 

 

FREE Monthly Statements

Reconciling your accounts with at no extra cost.

 

Virtual Account

Assign a VA to each of your payers/payees for easy reconciliation of your transactions.

 
Apply Now

Still not sure which one is suitable for your company?

Here’s an overview of the bank accounts available for your business.

 

Account Type

CIMB SME Account/ SME-i Account

 CIMB BusinessGo/ BusinessGo-i CIMB SGD Current Account CIMB USD BusinessGo-i Account CIMB USD Interest Plus Current Account CIMB SGD Business Interest Transaction Account/ Business Plus Current Account-i

Credit Interest

Non-interest bearing account

(Rates Effective from 3 Oct 2022)

 

Account Balance of S$30,000.00 and below | 0%

Account Balance of S$30,000.01 - S$1,000,000.00 | 0.80%

Account Balance of S$1,000,000.01 to S$2,000,000.00 | 2.00%

Account Balance of S$2,000,000.01 and above | 0.28%

 Non-interest bearing account

(Rates Effective from 3 Oct 2022)

 

US$30,000.00 & below | 0%

US$30,000.01 & above | 0.60%

(Rates Effective from 3 Oct 2022)

 

US$500,000.00 and below | 0%

US$500,000.01 - US$1,000,000.00 | 0.60%

US$1,000,000.01 - US$3,000,000.00 | 2.00%

US$3,000,000.01 and above | 1.00%

 No Standard rates, can be customized
Fall Below Fee/Monthly Fee

Fall Below Fee:

Waived   

 

Monthly fee:

Zero monthly account fees for first 12 months

Fall Below Fee:

S$88 per month if monthly average balance less than S$30,000

 

Monthly Fee: 

$0

Fall Below Fee:

S$35 per month if monthly average balance less than S$8,000


Monthly Fee:

$0

Fall Below Fee: US$50 per month if monthly average balance falls below US$30,000


Monthly Fee:

$0

Fall Below Fee:

US$35 per month if monthly average balance falls below US$8,000


Monthly Fee:

$0

Fall Below Fee:  

S$35 per month if monthly average balance falls below S$8,000


Monthly Fee:

$0

PayNow

 Waived Waived Free PayNow FAST till 31 Dec 2022  NA NA Free PayNow FAST till 31 Dec 2022 

FAST

 Waived Waived S$2 per item (For bulk, SGD1) NA NA S$2 per item (For bulk, S$1)

GIRO

Waived

 Waived S$0.20 per item NA NA S$0.20 per item
Telegraphic Transfer

S$15 flat

(excluding Agent charge)

S$18.88 flat

(excluding Agent charge)

 Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)		 S$50 (without FX) / S$20 (with FX)         Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)		 Cable S$30
Commissions 0.0625%
(min. S$10, max. S$50)
Agent fee (if applicable)
eAlerts Free eAlerts Free eAlerts Waived for first 3 months
Subsequent monthly fee – S$5 flat per account		 Waived for first 3 months
Subsequent monthly fee – S$5 flat per account		 Waived for first 3 months
Subsequent monthly fee – S$5 flat per account		 Waived for first 3 months
Subsequent monthly fee – S$5 flat per account

Cheque Book

 Available upon request at S$25 per book

First cheque book fee waived.

Subsequent cheque book requested will be charged at S$25 per book

 Available upon request @ S$25 per book Available upon request @ US$25 per book Available upon request @ US$25 per book Available upon request @ S$25 per book

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

BEST SG-MY FX RATE (BUSINESS)

Send funds to Malaysia with the best* exchange rate!

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 CONSUMER

Document Checklist

 

Before applying for your business bank account online with CIMB, it’s best to have the following documents ready to speed up the process.

 

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 English compilation, and the Chinese compilation for more information.

Starting an Application

 

How To Open An Online Business Account?

You can do it online via two options – Corppass or UEN (Business Registration Number). 

Business Info, Appointment Holders & Authorised Signatories

 

Business Info, Appointment Holders & Authorised Signatories

How to fill up the details pertaining to the Company business information, appointment holders and selecting your authorised signatories.

Authorised Contacts & Board Resolution

 

Authorised Contacts & Board Resolution

Selecting authorised contacts and accepting the standard board resolution are two main steps when applying for a business bank account online with CIMB. Understand how to properly choose and approve these elements for the best possible result.

Declarations & Document Uploads

 

Declarations & Documents Upload Guide

Submitting online declarations and uploading relevant documents is another requirement when you are opening your business account online. Doing so correctly will help make the application process smooth and successful.

 

Quick Tips

 

Quick Tips

Discover the added features available on CIMB's online account application platform.

 

More Information

Terms & Conditions

*T&Cs apply. Please refer to the respective pages for details.

 

For full Terms & Conditions of all accounts, click here.

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Frequently Asked Questions (FAQ)

 

Download the Frequently Asked Questions (FAQ) here.

 

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

Fact Sheet

 

Download the Fact Sheet here.

For More Enquiries

Email Us

Drop us an email and we'll get back to you.

Email Now

Let Us Call You

We are contactable 24/7.

Let Us Call You

Talk To An Expert

Visit us at our branches nationwide.

Find a Branch

You are about to enter a third party website & CIMB Group's Privacy Policy will cease to apply.

This link is provided for your convenience only and shall not be considered or construed as an endorsement or verification of such linked website or its contents by CIMB Group.

 

CIMB Group makes no warranties as to the status of this link or information contained in the website you are about to access.

 

Do you wish to proceed?

Yes, please proceed

Oops! It looks like you need to upgrade your browser.

The browser (or version) that you are currently using will not allow you to fully experience our website.
Select your preferred browser below and upgrade now!