CIMB’s suite solutions enhances Malaysia-Singapore cross border banking

CIMB Bank customers in Malaysia and Singapore can now enjoy seemless and efficient cross-border banking experience.

Thanks to CIMB Bank Bhd and CIMB Islamic Bank Bhd‘s Cross-Border Solutions, customers will also enjoy efficient cross-border banking experience.

With their CIMB conventional or Islamic accounts in both countries, they are able to conduct
cross-border banking seamlessly between Malaysia and Singapore.

The services provide the ultimate convenience for transactions like fee-waived fund transfers, preferential forex rates for online transfers and bill payments.

Samir Gupta, CEO of Group Consumer Banking, CIMB Group said: “As a leading Asean universal bank, CIMB is continuously innovating to provide the best value proposition and convenience to our customers across the region.

The Malaysia-Singapore Cross-Border Solutions is testament to this commitment and is only the beginning, as we leverage on our strong Asean network to provide similar convenience for our franchises.”

The bank is targeting the clientele in Indonesia, Thailand and Cambodia, with the expectation of making banking within Asean as seamless as possible for our valued customers, said Gupta.

Benefits of the Cross-Border Solutions currently available in Malaysia and Singapore
include:
1. Single login to CIMB Clicks. Customers can manage and view both Malaysia and Singapore CIMB accounts at the same time via an integrated platform.
2. Fee waiver for fund transfers between CIMB accounts using CIMB Clicks and fund withdrawals at over 6,000 CIMB ATMs across ASEAN with a CIMB ATM/debit card.
3. Guaranteed cash rebate with a valid claim for online exchange rate for fund transfers from CIMB Singapore to CIMB Malaysia account via CIMB Clicks, valid until 31 December 2018.

4. Ease of payment for Malaysian billers with over 600 registered providers on CIMB Clicks.

Additionally, there are benefits exclusive to CIMB Preferred customers:
Ease of account opening. The opening of CIMB Singapore account can be facilitated
in Malaysia.

A dedicated Relationship Manager for the customer’s wealth management needs in both Singapore and Malaysia, with unparalleled priority service at any CIMB branch in Asean.

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