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Treasury

The Best FX Rates in ASEAN for SMEs Guaranteed*!

Check Live Rates

Enjoy competitive FX rates for 12 currencies and  guaranteed rates* when you convert SGD to MYR, THB, or IDR—ideal for paying suppliers, salaries, or business expenses abroad. Your first^ transfer comes with no fees, and you don’t need a CIMB business account for your first^ transfer!


Lock in your rate with no hidden charges. Whether you’re an importer, exporter, or growing SME, now’s the time to make your transfers smarter. Book your FX now.

Enjoy the lowest Telegraphic Transfer Fees1 with CIMB

 

TT Charges1 via online banking

 CIMB Business Accounts1

Bank A

Bank B

Bank C

Commission charges (excluding Agent fee if any)

S$5 - $18.88

(Free with FX Online) 

S$30

1/16%, min. S$10, max S$50

S$50

 

Savings On Your FX Transactions

Scenario: Company XXX Pte Ltd wants to transfer MYR100,000 as payment to a supplier in Malaysia

 

TT Charges via online banking

 CIMB FX Online 

Bank A

Bank B

Bank C

SGD Equivalent

 S$30,052.59 S$30,120.48

TT Charges

 S$0^

S$30

S$38.83

S$50

Total amount debited from your account

 S$30,052.59

S$30,150.48

S$30,159.31

S$30,170.48
Additional Cost  - S$97.89 S$106.72 S$117.89

How to make a FX transaction?

 

 

Don't have a CIMB business account? You can still make a one-time FX booking without opening an account.


Simply follow the step-by-step guide below.

Step 1

Click here to start now and Log in with Corpass.

Step 2

Provide declarations and supporting documents.

You may provide the documents at a later stage (within 10 days from your 1st transaction).

Step 3

Provide beneficiary details and fund the transaction using PayNow QR from your existing company’s bank account.

Your transfer will be completed once payment instruction is received in order!

 

Want to find out our rates? Click here to check Live Rates now!

 

Check Live Rates

 

Interested in making regular FX bookings with CIMB?

 

Start by opening a CIMB business account. Once your account is set up, you can make FX bookings conveniently via BizChannel@CIMB. Follow the steps below to get started.

 

Step 1

Prepare the following documents before you start your account opening application online.

 

Refer to the document checklist below.

 

Step 2

Click Apply Now to begin your application. The application will take approximately 15 minutes to complete.

 

 

Existing CIMB bank customers, you can get your guaranteed FX rates! 

 

Step 2

Click Payment > Remittance from the left navigation panel.

 

For assistance, click here.

 

 

Same day* processing time

 

Malaysia: 8am to 2pm

Indonesia: 10am to 1pm

Thailand: 8am to 12pm

 

For more information on Major Currency Cut-off Time, please click here.

Document Checklist

 

Get ready to open a CIMB Business 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)

 

Frequently Asked Questions (FAQ)

1. What does “best business FX rates guaranteed” mean?

 

We guarantee* you’ll receive one of the most competitive FX rates in the market when converting from SGD to MYR, THB, or IDR for business transactions. *Terms and conditions apply.

2. Do I need a CIMB business account to use FX Online service?

 

No. You can make your first FX transfer without a CIMB business account (one-time only), subject to T&Cs governing FX Online Transactions. If you would like to continue with our FX services, you may proceed to open any CIMB business account here. 

3. Are there any transfer or hidden fees for FX Online?

 

No, there is zero transfer fee for your 1st FX Online transaction.

4. What currencies are supported under FX Online?

 

For FX Online, we are able to transfer SGD to 12 currencies. They are AUD, CAD, CHF, EUR, GBP, HKD, IDR, JPY, MYR, NZD, THB, USD.

 

Kindly note the payment will only be made when the required currency by the customer is available.

5. What is the criteria for using FX Online?

 

  • Must be new CIMB commercial banking customer
  • Singapore-registered company with 100% local ownership
  • Has a valid Myinfo Business Corpass login accessed by a director

6. How do I make my first FX booking using FX Online?

 

It’s easy—just book now and follow the online instructions. You can refer here for the step-by-step instructions.

Looking for more info? Check out our FAQs here.

Terms & Conditions

 

^FX online allows businesses to make a one-time FX booking without having a CIMB Business Account subjected to the Terms & Conditions Governing FX Online. Click here for more details. 

 

1Kindly refer to our Corporate Pricing guide here for CIMB Business Accounts.

 

*Terms & Conditions Governing Best & Guaranteed rate. Click here for more details.

 

For More Enquiries

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