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Product Snapshot

Online business bank account for SMEs with no fall below fees and no minimum balance requirements. Enjoy FREE PayNow/FAST/GIRO and E-alerts. Apply online - less than 15 mins needed, no initial deposit required.

 

Features

No Fall-Below Fees
Free Transactions
Telegraphic Transfer
Free E-Alerts
Online Banking
Cheque Books

Fees & Charges

No fall below fees and no minimum balance requirements. FREE PayNow/FAST/GIRO/E-alerts.

Minimum Monthly Average Balance

No minimum average daily balance

Account Fee

S$0 (for first 12months)*

 

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening

*Waived for first 12months, thereafter S$28 per month

How To Apply

Step 1

Prepare the following documents before you start your application online. Refer to the document checklist below.

 

A Shariah-compliant alternative, CIMB SME-i Account is also available here.

Step 2

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

 

Apply Now

 

Document Checklist

 

Unsure about the documents needed to to apply for an account? Find out below!

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

 

Download Document Checklist for Private Limited/ Public Company (EN)
Download Document Checklist for Private Limited/ Public Company (CN)

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

 

Download Document Checklist for Partnership (EN)
Download Document Checklist for Partnership (CN)

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

 

Download Document Checklist for Sole Proprietorship (EN)
Download Document Checklist for Sole Proprietorship (CN)

Quick Guide

 

Download the User Guide here. Or download the User Guide in Chinese here.

Still unsure on how to apply online? Watch the videos below.

Starting an Application

 

How To Open An Online Business Account?

Learn how to apply for a CIMB business account online via two options – Corppass or UEN (Business Registration Number). 

Business Info, Appointment Holders & Authorised Signatories

 

Business Info, Appointment Holders & Authorised Signatories

Quick guide on filling up the details pertaining to the Company business information, appointment holders and selecting your authorised signatories on CIMB’s online account application platform

Authorised Contacts & Board Resolution

 

Authorised Contacts & Board Resolution

Quick guide on selecting your authorised contacts and acceptance of the standard board resolution on CIMB’s online account application platform 

Declarations & Document Uploads

 

Declarations & Documents Upload Guide

Quick guide on online application declarations & documents upload on CIMB’s online account application platform. 

 

Quick Tips

 

Quick Tips

Added features available on CIMB's online account application platform

 

SERVICES BEYOND BANKING

Our curated list of partners are here to support your company in areas of digitalisation, halal opportunities, medical and corporate services. From free Digital Consultancy to discounted medical care for your employees, start enjoying these benefits today!

Find Out More
SERVICES BEYOND BANKING

BEST SGD-MYR FX RATE (BUSINESS)

Need to send money Malaysia for your business?

Enjoy the best exchange rate guaranteed*** when you do funds transfers to any account in Malaysia for your business transactions!

Find Out More
SG-MY FOR BUSINESS

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

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Terms & Conditions

 

*Waived for first 12months, thereafter S$28 per month

Download the CIMB SME Account/ CIMB SME-i Account Terms & Conditions here. 

 

 

Frequently Asked Questions (FAQ)

How to open a business bank account?

 

Opening a CIMB SME account for your business is a seamless process. Start by filling in the required information about your business, including business details, personal details, and other relevant information. Then, submit the necessary documents, which will be specified in the next section. After reviewing your application and agreeing to the terms and conditions, submit your application. Upon approval of your application, you will receive a confirmation email with your account details.

Who is eligible to open a business bank account online?

 

All businesses registered in Singapore, whether an SME or a large enterprise, can open a bank account through our online account application platform. Upon the successful submission and processing of your application, you will promptly receive your account number via email. Businesses situated outside Singapore, however, are requested to connect with our Bank Representative for necessary guidance on opening an account with CIMB.

Some of my directors are based overseas, do they need to be present for signature verification?

 

The physical presence of the directors of your SME is not a prerequisite for the validation of signatures. However, to facilitate the process of opening a business bank account, it is essential to have the corresponding Identification Documentation of your directors, inclusive of a signature specimen, ready for uploading during the online application process.

What is the difference between Corppass and Singpass?

 

Singpass is tailored for individuals to carry out personal transactions, whereas Corppass is designed for the facilitation of business-related transactions and services. With Corppass, you have most of your business details autofilled for you, thereby simplifying and speeding up the process of opening a bank account, and allowing you to operate in an efficient way that works best for your SME or large enterprise.

Explore our range of corporate banking solutions.

 

Download the Frequently Asked Questions (FAQ) here. 


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

Important Notices & Disclaimer

 

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.

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