Features & Benefits

Shariah-Compliant
Access To BizChannel@CIMB
Free Monthly Statements
Insured Up To S$75,000

Requirements

Minimum Initial Deposits

S$3,000

Minimum Monthly Average Balance

If, at any time of the month, your balance falls below S$3,000, a fee of S$20 applies.

Profit Rates

 

The below rates take effect from 15 July 2020. For details, click here.

Account Balance¹ Profit Rates p.a²
Up to S$500,000 Nil
Above S$500,000 - S$2,000,000 0.15%
Above S$2,000,000 0.30%
Bonus profit will be discontinued

Fees & Charges

Terms & Conditions

*Profit rates are subject to change at the Bank's discretion.    

How To Apply

Step 1

Prepare the following documents before you start your application online.

 

Document Checklist:
 

Certified true copies^ of the following company documents:

 

1. For private limited companies:

    Memorandum and Articles of Association or Constitution

 

2. For partnership/ limited partnerships, or limited liability partnerships that have a partnership agreement:

    Partnership agreement

 

^A certified true copy is a copy of an original document that has been stamped or signed with "CTC" 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

For partnerships: 2 partners

- For sole proprietorship: The business owner

 

NRIC/ FIN/ Passport copy* and specimen signatures of the following persons:

 

  • All person who can sign off this application#
  • All authorised signatories
  • All approving persons (unless you are a sole proprietorship)
  • All controlling persons (only if applicable to your company)

 

#Persons who can sign off this application:

  • ID documents for Directors and Ultimate Beneficial Owners (if applicable)
  • For private limited or public company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director
  • For partnerships: 2 partners
  • For sole proprietorship: The business owner

*NRIC for Singapore Citizens and residents or passport copy for non-citizens

Step 2 

 

Click on the button below to begin your application. The application will take approximately 15 minutes* to complete.

 

 

Important Notices & Disclaimers

1 A minimum balance of S$3,000 will have to be continuously maintained at the end of each day until the last day of the calendar month before the profit for the entire month will be accrued and credited to your Business Plus Current Account-i on the last day of the same month. If the Business Plus Current Account-i is opened on a date after the first of the calendar month, the profit will be calculated and accrued based on the remaining number of days in that month in which a minimum balance of S$3,000 is continuously maintained in the Business Plus Current Account-i and the prorated profit will then be credited to the account on the last day of the same month.

 

2 Profit rates are set at the Bank's discretion and subject to change without prior notice.

 

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.