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What type of account does your business need?

 

Fuss Free account for SME

 

The online business current account that has no fall-below fees and no minimum average balance requirements. You will also get access to BizChannel@CIMB, our internet banking platform - both online and mobile app - to perform all your transactions. Find out more

 

 

No Fall-Below Fees

Plus no minimum average balance required.

 

 

 

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

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

 

 

 

Interest Bearing*

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

 

 

 

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.

 

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

Cross Border Support

 

 

The online business account that allows you to mange your USD fund flow and avoid unnecessary foreign exchange costs! Find out more

 

 

Trade/Settle in USD currency

Manage your USD fund flow and avoid unnecessary FX costs!

 

 

Interest Bearing Account

Earn a yield on your operating funds in this USD current account.

 

 

 

Access to BizChannel@CIMB

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

 

Cheque Books

Available upon request at S$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?

Let's take a look at all of the available accounts.

 

Account Type

CIMB BusinessGo Lite/ BusinessGo-i Lite

 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$500,00.01 - 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: S$28/month

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

 

Document Checklist

 

Before applying, here's a checklist of all the documents needed.

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? View our guided videos or download the English compilation here, and the Chinese compilation here.

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

How to select your authorised contacts and acceptance of the standard board resolution. 

Declarations & Document Uploads

 

Declarations & Documents Upload Guide

How to make online application declarations & document uploads. 

 

Quick Tips

 

Quick Tips

Added features available on CIMB's online account application platform.

 

More Information

Frequently Asked Questions (FAQ)

 

Download the Frequently Asked Questions (FAQ) here.

 

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

Terms & Conditions

*T&Cs apply. 

 

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.

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
Let Us Call You

Talk To An Expert

Visit us at our branches nationwide.

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