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BUSINESS ACCOUNT PROMO

Boost Your Business with Zero Transaction Fees and Earn Cash Rebates *! ​

If your business manages high volumes of transactions, the CIMB TransactPlus Business Account is designed just for you. ​ $0 Transaction Fees, Minimum Balance and up to S$100 Cash Rebates

Apply now
transactplus promo

Features

Shariah-Compliant
Cash Rebate on Transaction
Flat Telegraphic Transfers Fee
Zero domestic payment fees
No Fall-Below Fees
Best SGD-MYR Rate
An illustration on monthly account fees and transaction rebates: 

Account Fees and Transactions

 

Number of transactions

 

Charges

Rebate Earned

Earn S$2 per outward transaction via BizChannel@CIMB

(Capped at S$100 per month)

FAST / PayNow

25

Free

S$50

Giro

12

Free

S$24

Payroll

8

Free

S$16

Telegraphic Transfer

5

S$25

S$10

Account Fees

NA

S$28

NA

Fall-Below Fees

NA

$0

NA

Total

 50

S$53

S$100

NETT Account Fees Charges  

 

You earn $47 with transaction rebates!

 

Fees & Charges

Maximise your savings by earning cash rebate on every outgoing transaction

- first cash rebate business account in Singapore#. 

 

  • No fall-below fees 
 
  • No minimum balance requirements  
 
  • Unlimited free PayNow/FAST/GIRO/Payroll

 

  • Free E-alerts

 

 

 

Account Fee

S$28 per month 

 

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening

Additional Bonus

Enjoy 3 months account fee rebate (total of S$84) when you also submit with your latest 6-month bank statement2 to sg.business.assist@cimb.com.

How To Apply

Step 1

Prepare the following documents before you start your application online for CIMB TransactPlus-i Account. Refer to the document checklist below.

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 TransactPlus-i 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

 

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

 

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. 

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

 

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. 

Terms & Conditions

 

#First cash rebate business account in Singapore as of 24 October 2024

 

*Terms and conditions governing CIMB TransactPlus/TransactPlus-i Telegraphic Transfer campaign apply. Click here for details.

 

1Terms and conditions governing SG-MY best exchange rate promotion apply. Click here for details.

 

2Latest 6 months bank statement example: Today is Nov, 6 months statement will be for period May to Oct. 3 months account fee rebate will be credited within 2 months upon verification.

 

Terms and Conditions Governing The Corporate Deposits Accounts and Services apply. Click here for details.

 

Frequently Asked Questions (FAQ)

What is the CIMB TransactPlus-i Account?

 

The CIMB TransactPlus-i Account is a first-of-its-kind business account in Singapore designed for businesses with high transaction volumes. It offers zero* fees on outgoing transactions, including PayNow, GIRO, bulk GIRO, and telegraphic transfers* (for a limited time). Plus, earn S$2 cash rebate per outgoing transaction, capped at S$100 per month.

 

 

Who is the CIMB TransactPlus-i Account best suited for?

This account is ideal for SMEs, traders, wholesalers, and businesses with frequent outgoing transactions, helping them reduce costs and earn cashback on payments.

 

 

What are the key benefits of the CIMB TransactPlus-i Account?

  • Zero outgoing transaction fees for PayNow, GIRO, and bulk GIRO payments
  • Zero* telegraphic transfer (TT) fees (Valid from now till 30 June 2025. Offer is valid for 6 months from date of account opening)
  • Earn S$2 cashback per outgoing transaction, capped at S$100 per month
  • No minimum balance requirement

 

 

How does the cashback reward work?

For every outgoing transaction (PayNow, GIRO, bulk GIRO, TT), businesses earn S$2 per transaction, with a maximum cashback of S$100 per month. This helps businesses offset costs while managing high transaction volumes.

 

 

How can I open a CIMB TransactPlus-i Account?

You can apply online in less than 15 minutes by submitting the required business documents through CIMB’s online account opening for a quick and hassle-free application.

 

 

Are there any minimum balance requirements or fall-below fees?

No, there are no minimum balance requirements or fall-below fees, giving businesses full flexibility without additional charges. However, there is a monthly account fee of S$28.

 

 

How long will the zero* telegraphic transfer (TT) fee benefit last?

The zero* TT fee promotion is available for new CIMB TransactPlus-i Account opened from now till 30 June 2025. Offer is valid for 6 months from date of account opening. Please refer to the promotion T&Cs for details.

 

 

 

Explore our range of commercial banking solutions.

Download the Frequently Asked Questions (FAQ) here. 

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

 

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