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

 

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

 

 

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

 

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

 

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

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.

**Agent Fee applies. Terms and conditions governing CIMB TT Campaign 2022 Campaign (“Campaign”) apply. Please click here for full terms and conditions. 

 

 

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.