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

SEMINAR DETAILS HERE

Why choose CIMB SME Account?

Accounts	CIMB SME Account	Bank D	Bank O	Bank U
Monthly Fee	Free for first year, thereafter S$8 per month	S$50 per annum	S$10 (waived for the first 2 months)	S$35
Minimum monthly balance	No initial deposit No minimum balance No 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	Free unlimited 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	S$15 Flat Fee via CIMB@BizChannel (excluding agent fee)	S$30 flat fee for outward TT	Information not available	Information not available

Information is accurate as at 1 March 2025.

Apply Now

Applied for an account with us? Jumpstart your business with up to 6 months of Xero subscription on us as well as long as your account is opened!

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.

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 & Conditions 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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