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Best SGD-MYR Funds Transfers

Make cross-border payments to Malaysia with the best* exchange rates!

Enjoy the best exchange rate guaranteed* with CIMB for Singapore to Malaysia business fund transfers. Manage cross-border payments for hassle-free business transactions

Best exchange rate, guaranteed*!

 

Be it payment to your vendors and other SMEs or a telegraphic transfer to your internal business outlets in Malaysia, enjoy the best cross-border payment exchange rate for B2B funds transfers between Singapore and Malaysia from 8am - 2pm (Monday - Friday, excluding SG & MY Public Holiday).

Check Live Rates Now
Live Rates are indicative, transfer via BizChannel@CIMB now!
 

 

For Personal transfer needs, click here for details.

 

How to make cross-border payments to Malaysia?

Instant SG-MY Funds Transfers

Step 1

Log in to BizChannel@CIMB Internet Banking. 

 

Click Payment > Remittance from the left navigation panel.

 

For assistance, click here.

Step 2

To enjoy same-day processing, the authoriser has to approve transaction between 8am to 2pm*. To find out how, click here.

 

Click here to find out how to approve a transaction outside the 8am to 2pm window.

Unable to do the first 2 steps?
Unable to view MYR currency? Submit a one-time MYR Declaration to enable SG-MY live rate on your BizChannel@CIMB account. Click here for the form.
 
 
Only having a view-only profile on BizChannel@CIMB? Submit a BizChannel Maintenance Form to change your profile to have transact access. Click here for the form.
Step 1

Apply for a Business Current Account here. Less than 15 mins needed.

 

Checklist to make funds transfer to Malaysia:

 

  • Sign up for a BizChannel@CIMB account here. Do indicate that you would like to have view and transact access. 
  • Fill in a MYR Declaration form here.
Step 2

Upon completion of the prior, log in to BizChannel@CIMB Internet Banking. 

 

Click Payment > Remittance from the left navigation panel.

 

For assistance, click here.

Step 3

To enjoy same-day processing, the authoriser has to approve transaction between 8am to 2pm*. To find out how, click here.

 

Click here to find out how to approve a transaction outside the 8am to 2pm window.

BEST SG-ID FX RATE (BUSINESS)

Need to send money to Indonesia for your business?

Enjoy the best* exchange rates when you do funds transfers to any account in Indonesia for your business transactions!

Find Out More
SG-ID FOR BUSINESS

BEST SG TO MY INSTANT FUNDS TRANSFER (PERSONAL)

Need to send money to Malaysia for personal needs?

Remit money from Singapore to Malaysia at the best SGD to MYR exchange rate, guaranteed with no hidden fees or charges - instantly and safely with CIMB Clicks Online Banking.

Find Out More
SG-MY FOR CONSUMER

Additional Information

 

1. To download the Frequently Asked Questions (FAQ), click here.

2. To download the MYR Declaration Form, click here.

3. To download the BizChannel@CIMB Maintenance Form, click here.

4. To find out how to approve a transaction between 8am to 2pm, click here.

5. To find out how to approve a transaction outside the 8am to 2pm window, click here.

6. To find out how to create a remittance transaction, click here.

* Terms & Conditions

 

*Terms & Conditions apply. Please click here for details.

Frequently Asked Questions

How do I get the SG-MY Best Exchange Rates for B2B payments or fund transfers?

 

To secure the SG-MY Best Exchange Rate, simply log in to BizChannel@CIMB (website) or BizChannel@CIMB Mobile App and perform Telegraphic Transfers using the Live Rate feature.

What is the exchange rate outside the 8:00am to 2:00pm window and on non-business days?

 

During the Telegraphic Transfer process on BizChannel@CIMB, you will be presented with an indicative rate. Transactions conducted outside the 8:00am to 2:00pm window and on non-business days, however, will be processed on the following business day, ensuring the utilisation of the current value date to secure the best exchange rate for Singapore to Malaysia money transfers.

What is the maximum transfer limit via BizChannel@CIMB?

 

The maximum transfer limit for each B2B cross-border payment transaction is set at S$1 million equivalent, subject to your company's pre-configured corporate limit. If you require assistance with transfers exceeding S$1 million, please contact our Corporate Sales team at +65 6733 3838 during the bank's business hours from 9:00am to 2:00pm.

Is the Singapore to Malaysia Best Exchange Rate only applicable to transfer to beneficiary holding accounts with CIMB Malaysia?

 

No. The best exchange rate is applicable to transfers to any bank in Malaysia. You can make Telegraphic Transfers to your beneficiary holding account with any Malaysian bank and still enjoy the competitive rates.

How can I open a business account with CIMB Bank Singapore?

 

You can apply for a business account online by visiting our website at https://www.cimb.com.sg/en/business/home.html. Detailed information and FAQs regarding the online account application process are available on our website.

Bank on the go – BizChannel@CIMB

 

With BizChannel@CIMB Mobile App or from your desktop via BizChannel@CIMB Internet Banking, you can now bank anytime, anywhere.

 

Download BizChannel@CIMB:

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