CIMB SME ACCOUNT x XERO

New Business, Big Dreams!

Get 6 months of Xero subscription* free when you open a CIMB Business Account!

Congratulations on starting your new business! Introducing our no-frills CIMB SME Account designed for startups and young businesses just like yours!

Why choose CIMB SME Account?

 

Accounts CIMB SME Account Bank D Bank O Bank U
Monthly Fee

S$0 monthly fees (1st year), 

thereafter S$8 per month

S$50 per annum S$10 (waived for the first 2 months) S$35 per month
Minimum monthly balance

S$0 initial deposit,

minimum balance

& fall-below fees

No initial deposit

Minimum balance: S$10,000

S$40 monthly service charge

Initial deposit: S$1,000

Minimum balance: S$1,000

Falll below fee: S$15

Initial deposit: S$1,000

Minimum balance: S$5,000

Fall below fee: S$15

Transaction charges S$0 Unlimited free business transactions (Paynow/FAST/GIRO) 50 free FAST and 50 free GIRO payments per month 80 free FAST and 80 free GIRO per month

60 free FAST and 60 Paynow payments per month

Free Bulk GIRO

Telegraphic Fees

Promotion valid till 30 Jul’25: S$0 (for 12 months) 

via CIMB@BizChannel 

(excluding agent fee)

 

U.P.: $15 flat fee

S$30 flat fee for outward TT Information not available Information not available

Information is accurate as at 1 March 2025.

 

Applied for an account with us? Jumpstart your business with 6 months of Xero subscription.

 

Please complete the form below and we will be in touch to facilitate the Xero subscription signup after your CIMB account has been successfully opened.

 

Join us on an exclusive startup seminar on 28 May 2025!

Gain practical insights into securing government grants, mastering cash flow management, and implementing effective accounting practices to drive your startup's success. This encapsulates the core benefits of attending the seminar, focusing on actionable knowledge that can directly impact a startup's operations and growth.

seminar

 

Awards & Recognition

 

Global SME Banking Innovation Awards 2024

Best SME Business Current Account/Transaction Account 

Global SME Banking Innovation Awards 2024

Best SME Beyond Banking Service Initiative

Asian Banking & Finance Wholesale Banking Awards 2023

Singapore International SME Partnership Initiative Bank of the Year (OBCA)

Terms & Conditions

*Terms and conditions for S$0 telegraphic transfers for first 12 months apply. Click here for details. 

 

**Terms and Conditions Governing the New-to-bank Account Signup Promotion apply. Click here for details.

 

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. 

 

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