Features

Use In Major Currencies
Online Banking
Complimentary Statements
Virtual Account
BizChannel@CIMB Mobile App
Free E-Alerts

Requirements

Basic account to manage your foreign currency money

Minimum Monthly Average Balance

Minimum monthly average balance and fall-below fees are as per table below:

Minimum Monthly Average BalanceFall-Below Fees
AUD 1,000AUD 10
CAD 1,000CAD 10
CNH 15,000CNH 50
GBP 1,000GBP 5
HKD 5,000HKD 50
NZD 1,000NZD 10
USD 8,000USD 35

Fees & Charges

 

Early Account Closure Fee

Fees for accounts closed within 6 months of opening:

CurrencyEarly Account Closure Fee
AUDAUD 35
CADCAD 35
CNHCNH 100
GBPGBP 20
HKDHKD 250
NZDNZD 35
USDUSD 40

 

At the Bank's discretion, new account opening may be subjected to an initial minimum deposit requirement.

Terms & Conditions

How To Apply

Step 2

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

 

Apply Now

 

Document Checklist

 

Get ready to open a CIMB Foreign Currency Current account with us and enjoy our services. To speed up the process, please have the following documents ready.

 

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 your business account online? View our guided videos or download the Online Account Application English User Guide, and the Online Account Application Chinese User Guide for more information.

 

For Bizchannel Onboarding, please view the step-by-step guide here

User Guide (PDF)

 

Download the User Guide here

Download the User Guide in Chinese here

Frequently Asked Questions (FAQ)

Download the Online Account Application Frequently Asked Questions (FAQ) here.

Download the Online Account Application Frequently Asked Questions (FAQ) in Chinese here.

Important Notices & Disclaimer

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.