Introduction
Opening a bank account in Singapore can be a time-consuming and tedious process. However, with the advancement of technology, many banks have made it possible for individuals to open an account online. CIMB Singapore is one such bank that offers online account opening services to its customers.
Opening Your CIMB Account Online
With CIMB Singapore, opening an account online is a quick and easy process. You simply need to visit their website and fill out the necessary forms. Once you have completed the forms, you will be required to upload your identification documents. After submitting your application, you will receive an email confirmation of your application status.
Understanding CIMB Savings Accounts
CIMB Singapore offers a range of savings accounts, including the FastSaver Account, which offers high-interest rates of up to 3.50% p.a. This account is ideal for individuals who want to grow their savings quickly. Additionally, CIMB Singapore offers Shariah-compliant savings accounts, such as the FastSaver-i Account, which is perfect for individuals who want to invest in a halal-compliant account.
Key Takeaways
- CIMB Singapore offers online account opening services, making it easy for individuals to open an account from the comfort of their homes.
- CIMB Singapore offers a range of savings accounts, including the FastSaver Account, which offers high-interest rates of up to 3.50% p.a.
- CIMB Singapore offers Shariah-compliant savings accounts, such as the FastSaver-i Account, which is perfect for individuals who want to invest in a halal-compliant account.
Opening Your CIMB Account Online
If you are looking to open a CIMB account online, you’ll be pleased to know that the process is quick and easy. In this section, we’ll go over the eligibility requirements and the step-by-step account opening process to help you get started.
Eligibility and Documentation
Before you begin the account opening process, you’ll need to ensure that you meet the eligibility requirements. To open a CIMB account online, you must be:
- A Singapore citizen or permanent resident
- At least 18 years old
- Have a valid Singapore mobile number and email address
You’ll also need to have the following documents ready:
- NRIC or passport
- Proof of address (e.g. utility bill, bank statement, or government-issued letter)
Step-by-Step Account Opening Process
To open a CIMB account online, follow these simple steps:
Visit the CIMB website and click on “Open an Account” on the top right-hand corner of the page.
Choose the type of account that you want to open. CIMB offers a range of accounts, including the CIMB FastSaver Account, CIMB FastSaver-i Account, and CIMB StarSaver (Savings) Account.
Fill in your personal details, including your name, NRIC or passport number, and contact information.
Choose your account type and enter the required information, such as your initial deposit amount.
Verify your identity using your SingPass or MyInfo account.
Review and confirm your application details.
Set up your CIMB Clicks account and PIN.
Once your account is approved, you’ll receive an email notification with your account details.
With CIMB’s online account opening process, you can open an account from the comfort of your own home, without the need to visit a branch. Plus, with features like CIMB Clicks, you can easily manage your account online, transfer funds, and pay bills with just a few clicks.
So why wait? Open your CIMB account online today and start enjoying the benefits of a high-interest savings account with one of Singapore’s leading banks.
Understanding CIMB Savings Accounts
If you’re looking to open a savings account with CIMB Singapore, you have a range of options to choose from. Here are some of the most popular CIMB savings accounts and their benefits:
CIMB FastSaver Account Benefits
The CIMB FastSaver account is a no-frills savings account that offers competitive interest rates. With no minimum balance required, you can start earning interest from the first dollar you deposit. The account also comes with a free cheque book, making it easy to manage your finances.
One of the biggest advantages of the CIMB FastSaver account is the high interest rate of up to 3.50% p.a. on your first S$75,000. This makes it one of the most attractive savings accounts in Singapore. Additionally, there are no fall-below fees, lock-in periods, or monthly charges to worry about.
CIMB StarSaver Account Perks
If you’re looking for a more premium savings account, the CIMB StarSaver account might be the right choice for you. With this account, you can enjoy competitive interest rates and access to over 6,000 CIMB ATMs regionally and any PLUS ATMs globally.
The CIMB StarSaver account also comes with a range of perks, such as a free cheque book and a complimentary debit card. Additionally, you can earn bonus interest of up to 1.2% p.a. if you maintain a minimum average daily balance of S$5,000.
Shariah-Compliant Savings with CIMB FastSaver-i
For those looking for a Shariah-compliant savings account, CIMB Singapore offers the CIMB FastSaver-i account. This account is based on the principles of Islamic banking and offers competitive profit rates.
Like the CIMB FastSaver account, the CIMB FastSaver-i account has no minimum balance requirement and comes with a free cheque book. You can earn profit rates of up to 1.80% p.a. on your first S$75,000.
Overall, CIMB Singapore offers a range of savings accounts to suit different needs and preferences. Whether you’re looking for a no-frills account or a premium account with additional perks, there’s a CIMB savings account that’s right for you.
Banking Services and Features
CIMB Singapore offers a range of banking services and features to make managing your finances easier and more convenient. From online banking to bill payments and transfers, CIMB has got you covered.
CIMB Clicks Internet Banking
CIMB Clicks is CIMB Singapore’s online banking platform that allows you to access your accounts and perform various banking transactions from anywhere, at any time. You can check your account balances, view transaction histories, transfer funds, and pay bills all from the comfort of your own home. With CIMB Clicks, you can also set up standing instructions and alerts to help you stay on top of your finances.
Bill Payment and Transfers
CIMB Singapore offers a range of bill payment and transfer options to help you manage your finances efficiently. You can pay your bills online through CIMB Clicks or set up standing instructions to ensure your bills are paid on time every month. You can also transfer funds locally or internationally through CIMB Clicks or by visiting a CIMB branch.
CIMB’s Cheque Books and FAST
CIMB Singapore offers cheque books to help you make payments conveniently. You can also use the Fast and Secure Transfers (FAST) service to transfer funds instantly between participating banks in Singapore. With CIMB’s cheque books and FAST service, you can easily make payments and transfers without having to visit a bank branch.
In conclusion, CIMB Singapore provides a range of banking services and features that make managing your finances easier and more convenient. With CIMB Clicks, bill payment and transfer options, and cheque books and FAST service, you can manage your finances efficiently and securely.
Fees and Charges
If you’re considering opening an account with CIMB Singapore, it’s important to understand the fees and charges that come with it. Here’s what you need to know:
Understanding Account Charges
CIMB Singapore offers a range of accounts, including savings and current accounts, each with its own set of fees and charges. Some of the most common charges you can expect include:
Monthly Account Fee: CIMB Singapore offers free monthly account fees for most of its accounts, including the FastSaver Account and StarSaver Account. However, other accounts such as the Junior Savers Account and the Basic Current Account may incur a monthly fee.
Excess Limit Fee: If you exceed your credit limit, you may be charged an excess limit fee. This fee is typically calculated as the SGD Prime Rate plus 5%, or a minimum of $20, whichever is higher.
Early Account Closure Fee: If you close your account within six months of opening it, you may be charged an early account closure fee of $50.
Internal Funds Transfers: Most internal funds transfers are free with CIMB Singapore accounts.
Fee Waiver Conditions
CIMB Singapore offers various fee waiver conditions, which can help you save money on your account fees. Some of the most common fee waivers include:
Monthly Account Fee Waiver: As mentioned earlier, most of CIMB Singapore’s accounts come with a free monthly account fee. However, to qualify for this waiver, you may need to meet certain conditions, such as maintaining a minimum balance or making a certain number of transactions each month.
Excess Limit Fee Waiver: You may be able to get your excess limit fee waived if you pay off the excess amount within a certain period of time.
Early Account Closure Fee Waiver: CIMB Singapore may waive the early account closure fee if you close your account due to certain circumstances, such as emigrating from Singapore or passing away.
Overall, CIMB Singapore’s fees and charges are generally competitive with other banks in Singapore. By understanding the fees and fee waivers associated with your account, you can make an informed decision about whether CIMB Singapore is the right bank for you.
Global Banking with CIMB
Are you a frequent traveller who needs to access your bank account while overseas? CIMB Singapore offers global banking services that allow you to manage your finances from anywhere in the world.
Overseas Banking and Cashback
CIMB Singapore provides overseas banking services that allow you to withdraw cash and make purchases in foreign currencies without incurring additional fees. With a CIMB debit card, you can access over 6,000 CIMB ATMs regionally and any PLUS ATM globally.
As a CIMB customer, you can also enjoy cashback rewards when you spend overseas with your CIMB debit or credit card. CIMB’s cashback programme offers up to 8% cashback on dining, groceries, and petrol purchases, making it an excellent option for those who frequently travel abroad.
CIMB Travelease for Travel Peace of Mind
Travelling can be stressful, but with CIMB Travelease, you can enjoy peace of mind while on the go. CIMB Travelease is a comprehensive travel insurance plan that covers unexpected events such as flight cancellations, medical emergencies, and lost luggage.
CIMB Travelease also offers 24-hour worldwide assistance, ensuring that you have access to help and support whenever you need it. With CIMB Travelease, you can travel with confidence, knowing that you are protected against unexpected events that may arise during your trip.
Overall, CIMB Singapore offers a range of global banking services that cater to the needs of frequent travellers. Whether you need to access your bank account while overseas or want to ensure that you are protected against unexpected events during your travels, CIMB has you covered.
Frequently Asked Questions
What documents are needed to open an account with CIMB Singapore?
To open an account with CIMB Singapore, you need to provide a valid identification document such as a passport or an identity card. You also need to provide proof of address, such as a utility bill or a bank statement. Additionally, you may be asked to provide other documents depending on the type of account you are opening.
How can I schedule an appointment to open an account with CIMB Singapore?
You can schedule an appointment to open an account with CIMB Singapore by visiting their website and filling out the appointment form. Alternatively, you can call their customer service hotline to schedule an appointment.
Are foreigners eligible to open an account with CIMB in Singapore, and what’s the process?
Yes, foreigners are eligible to open an account with CIMB in Singapore. The process is the same as for Singaporean residents, and you need to provide the necessary documents to open an account.
What’s the minimum initial deposit required to start a CIMB FastSaver account?
The minimum initial deposit required to start a CIMB FastSaver account is $1,000. However, there are other types of accounts that have different minimum initial deposit requirements.
How secure is banking with CIMB in Singapore?
Banking with CIMB in Singapore is very secure. They use advanced security measures such as two-factor authentication and encryption to protect your account information and transactions.
What are the steps to set up a saving account with CIMB online?
To set up a savings account with CIMB online, you need to visit their website and fill out the account application form. You will need to provide the necessary documents and information, such as your identification and contact details. Once your application is approved, you can start using your new savings account.