If you’re looking to open a bank account in Singapore, CIMB Singapore is a great option. With a range of account types and features, CIMB Singapore caters to the needs of individuals and businesses alike. In this article, we’ll take a closer look at the account opening process, the types of accounts available, and the features and benefits of banking with CIMB Singapore.
To open an account with CIMB Singapore, you can apply online or visit one of their branches. The process is straightforward, and you’ll need to provide some basic information and documentation. Once your application is approved, you’ll be able to start using your account right away.
CIMB Singapore offers a variety of account types, including savings accounts, current accounts, and fixed deposit accounts. Each account type has its own set of features and benefits, so it’s important to choose the one that best suits your needs. With high-interest rates and no multiple conditions, CIMB Singapore’s savings accounts are a popular choice for many customers.
Key Takeaways
- CIMB Singapore offers a range of account types and features to suit the needs of individuals and businesses.
- You can apply for an account online or visit one of their branches to complete the process.
- CIMB Singapore’s savings accounts are a popular choice due to their high-interest rates and no multiple conditions.
Account Opening Process
If you are looking to open an account with CIMB Singapore, the process is simple and straightforward. Here are the eligibility criteria, documents needed, and online application steps you need to follow.
Eligibility Criteria
To open an account with CIMB Singapore, you must be at least 16 years old and meet the following criteria:
- Singaporeans, Permanent Residents (PRs), and foreigners with a valid Singapore Employment Pass, Work Permit, Dependant’s Pass, or Student Pass are eligible to apply.
- You must have a valid Tax Identification Number (TIN), National Registration Identity Card (NRIC), or passport.
- You must have a proof of residential address, such as a utility bill or bank statement, that is not more than three months old.
Documents Needed
To open an account with CIMB Singapore, you will need to provide the following supporting documents:
- For Singaporeans and PRs: NRIC or passport and proof of residential address.
- For foreigners with a valid Singapore Employment Pass, Work Permit, Dependant’s Pass, or Student Pass: passport, employment pass, work permit, dependant’s pass, or student pass, and proof of residential address.
Online Application Steps
To open an account with CIMB Singapore, you can apply online by following these steps:
- Go to the CIMB Singapore website and select the account you want to open.
- Click on the “Apply Now” button and fill in the application form with your personal details, such as name, date of birth, and contact information.
- Upload the required supporting documents, such as your NRIC or passport, proof of residential address, and employment pass or student pass (if applicable).
- Review and confirm your application details.
- Wait for CIMB Singapore to process your application. You will be notified of the status of your application via email or SMS.
Opening an account with CIMB Singapore is a simple and hassle-free process. With just a few clicks, you can enjoy the benefits of a high-interest savings account or a Shariah-compliant online savings account. So why wait? Apply today and start saving with CIMB Singapore!
Types of Accounts
If you’re looking to open a savings account in Singapore, CIMB offers several types of accounts to choose from. Here are some of the most popular accounts that you can consider opening:
CIMB FastSaver Account
CIMB FastSaver Account is a high-interest savings account that offers competitive interest rates with no lock-in period or multiple conditions to meet. It is a great option for those who want to earn higher interest on their savings without having to worry about maintaining a minimum balance or fulfilling any other requirements.
With CIMB FastSaver Account, you can earn up to 1.00% p.a. interest on your savings, which is one of the highest interest rates in Singapore. You can also enjoy the convenience of online banking and mobile banking, which allows you to manage your account anytime, anywhere.
CIMB StarSaver (Savings) Account
CIMB StarSaver (Savings) Account is a basic savings account that offers a low minimum deposit requirement and competitive interest rates. It is a great option for those who are just starting to save or those who want a simple savings account without any frills.
With CIMB StarSaver (Savings) Account, you can enjoy a minimum deposit requirement of just $1, and earn up to 0.30% p.a. interest on your savings. You can also enjoy the convenience of online banking and mobile banking, which allows you to manage your account anytime, anywhere.
CIMB FastSaver-i Account
CIMB FastSaver-i Account is a Shariah-compliant savings account that offers competitive profit rates with no lock-in period or multiple conditions to meet. It is a great option for those who want to earn higher profits on their savings without having to worry about maintaining a minimum balance or fulfilling any other requirements.
With CIMB FastSaver-i Account, you can earn up to 1.00% p.a. profit on your savings, which is one of the highest profit rates in Singapore. You can also enjoy the convenience of online banking and mobile banking, which allows you to manage your account anytime, anywhere.
Overall, CIMB offers a range of savings accounts that cater to different needs and preferences. Whether you’re looking for a high-interest savings account, a basic savings account, or a Shariah-compliant savings account, CIMB has got you covered.
Account Features and Benefits
When it comes to opening a CIMB Singapore account, you’ll be pleased to know that there are a host of features and benefits that you can take advantage of. Here are some of the main ones that you should be aware of:
Interest Rates and Fees
One of the main benefits of opening a CIMB Singapore account is that you can enjoy competitive interest rates on your deposits. Whether you opt for a FastSaver account or a StarSaver account, you can rest assured that your money will be working hard for you. Plus, with no fall-below fees to worry about, you can be confident that you won’t be hit with any unexpected charges.
Digital Banking Services
CIMB Singapore offers a range of digital banking services that make it easy to manage your account from anywhere, at any time. With online banking, mobile banking, and SMS banking, you can check your account balance, transfer funds, and pay bills with ease. Plus, with the CIMB Clicks app, you can even open a new account in just a few clicks.
Investment and Currency Options
If you’re looking to invest your money, CIMB Singapore has a range of investment products that you can choose from. From dual currency investments to structured deposits, there are plenty of options to suit your needs. Plus, with the ability to invest in both SGD-denominated and local USD-denominated products, you can diversify your portfolio and maximise your returns.
When it comes to foreign currencies, CIMB Singapore offers competitive rates and low charges, making it easy to exchange your money. Plus, with the Deposit Insurance Scheme, you can be confident that your deposits are safe and secure.
Overall, opening a CIMB Singapore account is a smart choice if you’re looking for a reliable, convenient, and rewarding banking experience. With cashback offers, competitive interest rates, and a range of digital banking services, you can be confident that you’re getting the best possible deal. So why wait? Open your CIMB Singapore account today and start enjoying the benefits!
Banking Services for Foreigners
If you are a foreigner living in Singapore, you might be wondering about the banking services available to you. CIMB Singapore offers a range of banking services for foreigners, including overseas account management and foreign currency services.
Overseas Account Management
CIMB Singapore allows you to manage your overseas accounts conveniently. With CIMB Clicks Internet Banking, you can view your account balances, transfer funds, and pay bills online. You can also access your account using your mobile phone with the CIMB Clicks Mobile App.
For Malaysians living in Singapore, CIMB Malaysia offers a range of banking services, including CIMB Malaysia account opening in Singapore. You can open an account in MYR or SGD and enjoy a range of benefits, including free ATM withdrawals at CIMB ATMs in Singapore and Malaysia.
Foreign Currency Services
CIMB Singapore offers foreign currency deposits in a range of currencies, including GBP. You can deposit and withdraw foreign currencies conveniently at CIMB branches in Singapore. With CIMB’s foreign currency services, you can also enjoy competitive exchange rates and low fees.
For ASEAN residents, CIMB also offers ASEAN currency accounts, which allow you to hold and manage multiple currencies in a single account. This can be a convenient way to manage your finances if you frequently travel across the ASEAN region.
In conclusion, CIMB Singapore offers a range of banking services for foreigners, including overseas account management and foreign currency services. Whether you need to manage your finances across borders or deposit foreign currencies, CIMB has a solution for you.
Additional Banking Solutions
As a CIMB Singapore customer, you have access to a range of additional banking solutions that can help you manage your finances more effectively. Here are some of the solutions available to you:
Loans and Financing
CIMB Singapore offers a range of loans and financing options to help you achieve your financial goals. Whether you’re looking to fund a new business venture, purchase a new home, or take a dream vacation, CIMB Singapore has a loan or financing option to suit your needs.
One of the popular financing options offered by CIMB Singapore is the CIMB TravelEase. This is a personal loan that can be used to fund your travel expenses. It comes with competitive interest rates and flexible repayment terms, making it a great option for those who love to travel.
Convenient Banking Features
CIMB Singapore offers a range of banking features that make managing your finances more convenient. Here are some of the features available to you:
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E-Statements: CIMB Singapore offers e-statements that can be accessed online, making it easy for you to keep track of your account transactions.
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Bill Payment: With CIMB Singapore, you can pay your bills online, making it convenient for you to manage your finances.
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Demand Draft: CIMB Singapore offers demand draft services, which can be used to make payments both locally and internationally.
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Telegraphic Transfer: CIMB Singapore offers telegraphic transfer services, which can be used to make international payments.
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Mobile App: CIMB Singapore has a mobile app that allows you to manage your finances on-the-go.
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Supplementary Retirement Scheme: CIMB Singapore offers a Supplementary Retirement Scheme (SRS), which can be used to save for retirement. This scheme comes with tax benefits, making it a great option for those who want to save for their retirement.
In addition to the above, CIMB Singapore also offers business accounts, corporate cheque clearing, and SGD and USD cheque charges. With these additional banking solutions, you can manage your finances more effectively and achieve your financial goals.
Frequently Asked Questions
What are the requirements to open a CIMB account in Singapore?
To open a CIMB account in Singapore, you must be 18 years old or above and have a valid identification document such as a Singaporean IC or passport. Non-Singaporeans must have a valid work permit or employment pass.
Can I open a CIMB Singapore account online and how?
Yes, you can open a CIMB Singapore account online. Simply visit the CIMB Singapore website and click on the “Open Account” button. Follow the instructions to complete the online application process.
What is the minimum deposit needed to open a CIMB account in Singapore?
The minimum deposit required to open a CIMB savings account in Singapore is $1,000. However, there are other types of accounts available that may have different minimum deposit requirements.
How do I go about opening a CIMB savings account in Singapore?
To open a CIMB savings account in Singapore, you can visit any of the CIMB branches in Singapore or apply online through the CIMB Singapore website. You will need to provide the necessary documents and make the minimum deposit required.
Are there any fees associated with opening a CIMB account in Singapore?
There are no fees associated with opening a CIMB savings account in Singapore. However, there may be fees associated with certain transactions or services offered by CIMB Singapore.
What steps should I follow to initiate a CIMB account opening in Singapore?
To initiate a CIMB account opening in Singapore, you can visit any of the CIMB branches in Singapore or apply online through the CIMB Singapore website. You will need to provide the necessary documents and make the minimum deposit required. Once your application is approved, you will receive your account details and can start using your account.