Prepare the following documents before you start your application online for CIMB SME account. Refer to the document checklist below.
Discover a Shariah-compliant alternative with CIMB SME-i account.
We will be right with you.
Grow your business, not your fees.
Managing cross-border payments just got more cost-efficient.
*Agent charges may apply.
Simplify your operations and reduce payment costs.
Secure and convenient banking at your fingertips
Accounts | CIMB SME account | Bank D | Bank O | Bank U |
---|---|---|---|---|
Monthly Fees | S$0 monthly fees (1st year), thereafter S$8 per month |
S$50 per annum | S$10 (waived for the first 2 months) | S$35 per annum |
Minimum Monthly Balance | S$0 initial deposit, minimum balance & 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 | S$0 Unlimited free transactions (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 Transfer Fees | Promotion valid till 31 Jul’25: S$0 (for 12 months) via CIMB@BizChannel (excluding agent fee)
U.P.: $15 flat fee |
S$30 flat fee for outward telegraphic transfer | Information not available | Information not available |
No hidden fees. No limits. Get zero monthly fees and unlimited business transactions for the first year. Perfect for startups, young businesses and growing SMEs.
Private Limited/Public Company
Partnership
Sole Proprietorship
Terms & Conditions
Important Notices & Disclaimer
How do I open a CIMB SME account?
Who is eligible to open a CIMB SME account online?
Will my CIMB SME account be opened instantly?
How do I know if my CIMB SME account has been opened?
Will I be able to save my CIMB SME account application and come back at a later time to continue with it?
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Transact and earn cash rebates of up to S$100, S$0 transaction fees and more. Designed for businesses with high volume of transactions.
Collateral-free working capital loan giving you loan quantum of up to S$400,000 and 5 years tenure.
Earn 2.88%* p.a. from your 1st dollar and waiver of minimum balance from now till 31 Dec 2025.