Are you a foreigner living in Singapore and looking to open a bank account? Well, you’re in luck because CIMB Bank offers a convenient and hassle-free way to open an account online. Whether you’re looking for a savings account or a current account, CIMB Bank provides a range of options to suit your needs.
To get started, you need to meet the eligibility criteria for opening a CIMB account in Singapore. You must be at least 16 years old, have a valid Singapore identification card, and a local address. If you meet these requirements, you can proceed to open an account online.
Opening a CIMB account online is easy and straightforward. You can choose from a range of accounts, including savings accounts, current accounts, and fixed deposit accounts. Once you’ve selected the account that best suits your needs, you can follow a step-by-step guide to apply online. After completing the application process, you’ll need to make an initial deposit to activate your account.
Key Takeaways
- CIMB Bank offers a convenient and hassle-free way to open a bank account online in Singapore.
- To open a CIMB account, you need to meet the eligibility criteria, including having a valid Singapore identification card and a local address.
- You can choose from a range of accounts, including savings accounts, current accounts, and fixed deposit accounts, and follow a step-by-step guide to apply online.
Eligibility Criteria for Opening a CIMB Account in Singapore
If you are looking to open a CIMB account in Singapore, there are certain eligibility criteria that you need to meet. In this section, we will discuss the age requirements, residency status, and necessary documents for opening a CIMB account in Singapore.
Age Requirements
To open a CIMB account in Singapore, you must be at least 18 years old. If you are under 18 years old, you will need to have a parent or legal guardian to open the account on your behalf.
Residency Status
You can open a CIMB account in Singapore if you are a Singaporean citizen, a Permanent Resident (PR), or a foreigner. However, if you are a foreigner, you will need to provide additional documents to prove your identity and residency status.
Necessary Documents
To open a CIMB account in Singapore, you will need to provide the following documents:
- A valid identification document such as a Singaporean NRIC or passport for foreigners.
- Proof of residency such as a utility bill or bank statement.
- For foreigners, additional documents such as a work permit or employment pass may be required.
It is important to note that the documents required may vary depending on your residency status and the type of account you are opening. Therefore, it is best to check with CIMB Singapore for the specific documents required for your account.
Overall, opening a CIMB account in Singapore is a straightforward process as long as you meet the eligibility criteria and have the necessary documents. So, if you are looking for a reliable and convenient banking option in Singapore, consider opening a CIMB account today!
Types of CIMB Accounts
If you’re looking to open a CIMB account in Singapore, you’ll be pleased to know that there are several types of accounts to choose from. Depending on your needs, you can select from CIMB FastSaver Account, CIMB StarSaver (Savings) Account, and CIMB FastSaver-i Account.
CIMB FastSaver Account
The CIMB FastSaver Account is a savings account that offers an attractive interest rate of up to 1.5% per annum. This account requires a minimum deposit of S$1,000 to open and maintain, and there are no monthly fees or fall-below fees. You can manage your account easily via CIMB Clicks, the bank’s online banking platform.
CIMB StarSaver (Savings) Account
The CIMB StarSaver (Savings) Account is another savings account that offers an interest rate of up to 0.8% per annum. This account requires a minimum deposit of S$1,000 to open and maintain, and there are no monthly fees or fall-below fees. You can access your funds easily via CIMB ATMs, which are available in Singapore and across the region.
CIMB FastSaver-i Account
The CIMB FastSaver-i Account is a Shariah-compliant savings account that offers an attractive profit rate of up to 1.5% per annum. This account requires a minimum deposit of S$1,000 to open and maintain, and there are no monthly fees or fall-below fees. You can manage your account easily via CIMB Clicks, the bank’s online banking platform.
In summary, CIMB offers a range of savings accounts that cater to different needs. Whether you’re looking for a high-interest savings account or a Shariah-compliant option, CIMB has got you covered. With no monthly fees or fall-below fees, these accounts are a great way to save and grow your money.
Step-by-Step Guide to Apply Online
If you are looking to open a CIMB account in Singapore, you can do so easily by applying online. Here is a step-by-step guide to help you through the process:
Filling Out the Application Form
The first step is to fill out the online application form. To do so, you will need to visit the CIMB Singapore website and navigate to the online application page. From there, you will be prompted to create a CIMB Clicks account if you do not already have one.
Once you have created your account, you will need to fill out the application form with your personal information, including your name, address, and contact details. You will also need to choose the type of account you wish to open.
Uploading Required Documents
After filling out the application form, you will need to upload the required documents. These may include your passport, proof of address, and other identification documents. Make sure that you have all the necessary documents ready before starting the application process.
When uploading your documents, make sure that they are clear and legible. If any of your documents are rejected, you will need to re-upload them, which may delay the approval process.
Awaiting Account Approval
After you have submitted your application and uploaded your documents, you will need to wait for your account to be approved. This process may take a few days, depending on the volume of applications that CIMB is receiving.
Once your account has been approved, you will receive an email from CIMB with instructions on how to activate your account. You may also be required to visit a CIMB branch to complete the account activation process.
In conclusion, applying for a CIMB account in Singapore is a straightforward process that can be done online. By following the steps outlined above, you can easily open a CIMB account and start enjoying the benefits of banking with CIMB.
Initial Deposit and Account Activation
If you’re looking to open a CIMB account in Singapore, you’ll need to know about the initial deposit and account activation process. Here’s what you need to know:
Minimum Initial Deposit
To open an account with CIMB Singapore, you’ll need to make a minimum initial deposit of S$1,000. This can be done by transferring funds from your existing bank account to your new CIMB account via FAST (Fast and Secure Transfers) using internet banking. If you’re a new-to-bank customer, you’ll need to activate your account after receiving your new account number.
Activating Your CIMB Account
To activate your CIMB account, you’ll need to transfer the minimum initial deposit of S$1,000 via FAST from your account with another bank into your CIMB account. Once you’ve done this, your account will be activated and you’ll be able to access your funds.
If you’ve applied for a CIMB account through MyInfo, your account will be automatically activated within five business days if no further review or follow up is required, subject to the bank’s approval. You’ll receive an activation code via SMS or email, which you’ll need to enter to complete the activation process.
CIMB also offers an online savings account, the StarSaver (Savings)-i Account, which can be opened with a minimum initial deposit of S$1,000. The account can be activated through MyInfo, and you’ll be able to access your account within five business days if no further review or follow up is required, subject to the bank’s approval.
Overall, opening a CIMB account in Singapore is a straightforward process. With a minimum initial deposit of S$1,000, you can open a savings account and start saving for your future.
Online Banking with CIMB Clicks
If you are looking for a convenient and secure way to manage your CIMB account, CIMB Clicks online banking is the perfect solution for you. With CIMB Clicks, you can easily access your account from your computer or mobile device, anywhere and anytime.
Registering for CIMB Clicks
To register for CIMB Clicks online banking, you need to have an existing CIMB account. Once you have an account, you can register for CIMB Clicks by following these simple steps:
- Go to the CIMB Clicks website and click on the “Register” button.
- Enter your CIMB account number, ATM/Debit Card number, and PIN.
- Follow the on-screen instructions to complete the registration process.
Navigating the CIMB Clicks Interface
Once you have registered for CIMB Clicks, you can log in to your account using your username and password. The CIMB Clicks interface is user-friendly and easy to navigate. You can view your account details, check your account balance, transfer funds, pay bills, and much more.
Digital Token for Secure Transactions
CIMB Clicks uses a digital token to ensure that your transactions are secure. The digital token is a security feature that generates a unique code for each transaction. You will need to enter the code to complete the transaction.
In conclusion, CIMB Clicks online banking is a convenient and secure way to manage your CIMB account. With its user-friendly interface and digital token security feature, you can access your account from anywhere and be assured that your transactions are safe and secure.
Managing Your Account
Congratulations on successfully opening a CIMB account in Singapore! Now that you have your account up and running, it’s time to start managing it. In this section, we’ll go over some of the key features of your account and how to make the most of them.
Understanding Account Features
Your CIMB account comes with a range of features to help you manage your finances. One of the most important is the ability to transfer funds to other accounts. With CIMB, you can make fast and convenient transfers to other banks in Singapore and overseas. Plus, there are no monthly fees for this service.
Another great feature of your CIMB account is the ability to set up automatic bill payments. This means you can schedule regular payments for things like utilities, phone bills, and credit card bills. It’s a convenient way to make sure your bills are always paid on time, and it saves you the hassle of having to remember to make payments manually.
Setting Up Fund Transfers
To set up a fund transfer, log in to your CIMB account using the CIMB Clicks online banking service. From there, you can select the “Transfer” option and follow the prompts to complete the transfer. You’ll need to provide details like the recipient’s name, account number, and bank code.
If you’re transferring funds to an overseas account, you’ll also need to provide the recipient’s SWIFT code. CIMB offers competitive exchange rates and low service charges for overseas transfers, so it’s a great option if you need to send money to friends or family abroad.
Bill Payments and Cash Management
To set up automatic bill payments, log in to your CIMB account and select the “Bill Payment” option. From there, you can choose the bills you want to pay and set up a schedule for automatic payments. CIMB offers a wide range of bill payment options, including utilities, phone bills, credit cards, and more.
In addition to bill payments, your CIMB account also comes with a range of cash management tools. You can view your account balance, transaction history, and other details online or through the CIMB Clicks mobile app. Plus, there are no monthly fees for this service, so you can keep track of your finances without worrying about extra charges.
Managing your CIMB account is easy and convenient, thanks to the range of features and tools available. Whether you need to transfer funds, pay bills, or manage your cash flow, CIMB has you covered. So start exploring your account today and make the most of everything it has to offer!
Benefits of Banking with CIMB
When it comes to opening a bank account in Singapore, CIMB offers a range of benefits that make it a great option for both locals and foreigners. Here are some of the benefits of banking with CIMB:
No Monthly Fees and Attractive Interest Rates
One of the biggest advantages of banking with CIMB is that you won’t have to worry about monthly fees eating into your savings. CIMB offers a range of savings accounts that come with no monthly fees, making it a great option for those who want to save money without worrying about extra charges.
In addition to this, CIMB offers attractive interest rates that can help you grow your savings over time. With some of the highest interest rates in Singapore, CIMB’s savings accounts are a great way to make your money work harder for you.
Access to Multi-Currency Accounts
If you frequently travel or do business in multiple countries, CIMB’s multi-currency accounts can be a great option for you. With these accounts, you can hold and manage multiple currencies all in one place, making it easier to transact in different currencies without having to worry about exchange rates.
Cashback and Rewards
CIMB also offers a range of cashback and rewards programmes that can help you save money and earn rewards on your spending. For example, the CIMB Visa Signature Card offers up to 10% cashback on dining, groceries, and online shopping, making it a great option for those who want to save money on their everyday expenses.
In addition to this, CIMB’s rewards programme allows you to earn points on your spending that can be redeemed for a variety of rewards, including cash rebates, shopping vouchers, and air miles.
Overall, banking with CIMB can be a great way to save money, manage your finances, and earn rewards on your spending. With no monthly fees, attractive interest rates, and a range of cashback and rewards programmes, CIMB is a great option for anyone looking to open a bank account in Singapore.
Additional Services and Products
CIMB Singapore offers a range of additional services and products to meet your banking needs.
Cheque Book Issuance
If you need to issue cheques for your business or personal transactions, CIMB Singapore provides a convenient and hassle-free cheque book issuance service. You can easily request for a cheque book through CIMB Clicks, the bank’s online banking platform, or by visiting any CIMB branch.
Loans and Financing Options
CIMB Singapore offers a variety of loans and financing options to help you achieve your financial goals. Whether you need a personal loan, home loan, or business loan, CIMB has got you covered. The bank’s loans come with competitive interest rates and flexible repayment terms to suit your needs.
Shariah-Compliant Financial Products
CIMB Singapore also offers Shariah-compliant financial products for customers who prefer to bank in accordance with Islamic principles. These products include savings accounts, current accounts, and financing options that comply with Shariah law. CIMB’s Shariah-compliant products are certified by the Shariah Supervisory Board to ensure compliance with Islamic principles.
In addition to these services, CIMB Singapore also provides a range of other financial products such as credit cards, insurance, and investment options to help you manage your finances better.
Overall, CIMB Singapore offers a comprehensive suite of financial products and services to cater to your banking needs. With its commitment to providing innovative and customer-centric solutions, CIMB Singapore is the ideal bank for all your banking needs.
Safety and Security Measures
When opening a CIMB account in Singapore, you can rest assured that your money is safe and secure. CIMB is a trusted bank that takes the safety and security of its customers very seriously. Here are some of the safety and security measures that CIMB has in place to protect your money:
Insured Savings
CIMB offers insured savings accounts that are protected by the Singapore Deposit Insurance Corporation (SDIC). This means that your deposits are insured up to S$75,000 per depositor per Scheme member. In the unlikely event that CIMB is unable to meet its obligations, your deposits will be protected by the SDIC. This provides you with peace of mind knowing that your money is safe and secure.
Online Security Protocols
CIMB has implemented several online security protocols to protect your account from unauthorised access. When you open a CIMB account in Singapore, you will be given access to CIMB Clicks, the bank’s online banking platform. CIMB Clicks uses the latest security protocols, including two-factor authentication, to ensure that your account is protected.
To further protect your account, CIMB recommends that you follow some basic online security tips. For instance, you should never share your login credentials with anyone, and you should always log out of your account when you’re finished using it. You should also avoid using public Wi-Fi networks to access your account, as these networks are often unsecured and can be easily hacked.
Service Charge
When you open a CIMB account in Singapore, you will be subject to certain service charges. These charges may vary depending on the type of account you open and the services you use. To avoid any surprises, it’s important to read the terms and conditions carefully before opening an account. You should also keep an eye on your account balance to ensure that you have enough funds to cover any service charges that may be levied.
Overall, opening a CIMB account in Singapore is a safe and secure way to manage your money. With insured savings accounts and robust online security protocols, you can rest assured that your money is in good hands. Just be sure to follow basic online security tips and keep an eye on your account balance to avoid any surprises.
Customer Support and Assistance
If you encounter any issues while opening a CIMB account in Singapore, don’t worry! CIMB has a dedicated customer service team to assist you with any queries or problems you may have.
Contacting CIMB Customer Service
CIMB’s customer service team is available to assist you with any questions or concerns you may have. You can contact them via various channels, including email, phone, and WhatsApp.
To speak to a CIMB customer service representative, you can call their Consumer & Business Call Centre at +65 6333 7777. Alternatively, you can send them an email at [email protected] or fill out their feedback form on their website. If you prefer to use WhatsApp, you can reach them at +65 3158 9182.
Troubleshooting Common Issues
If you encounter any issues while opening a CIMB account, there are a few common problems that you may encounter. Here are some tips to help you troubleshoot these issues:
- Service Charge: If you are concerned about service charges, CIMB offers various types of accounts with different fees and charges. Make sure to choose the account that best suits your needs and budget.
- User Experience: If you are having trouble navigating the CIMB website or mobile app, you can refer to their user guides or contact their customer service team for assistance. They will be happy to walk you through the process step-by-step.
- Other Issues: If you encounter any other issues while opening a CIMB account, such as problems with your documents or identification, make sure to contact CIMB’s customer service team for assistance. They will be able to provide you with the help you need to resolve any issues you may encounter.
Overall, CIMB’s customer service team is dedicated to providing you with the best possible experience. If you have any questions or concerns, don’t hesitate to reach out to them for assistance.
Frequently Asked Questions
What are the requirements to start a FastSaver account with CIMB in Singapore?
To open a FastSaver account with CIMB in Singapore, you need to be at least 16 years old and have a valid Singapore Citizen or Permanent Resident identification card. You will also need to provide your personal details and contact information.
Can expatriates open an account with CIMB whilst living in Singapore?
Yes, expatriates living in Singapore can open a CIMB account. However, you will need to provide additional documentation, such as your passport and employment pass, to verify your identity and residential address.
Is it possible to set up a CIMB account in Singapore entirely online?
Yes, you can open a CIMB account in Singapore entirely online. Simply visit the CIMB Singapore website and follow the instructions to apply for a FastSaver account. You will need to provide some personal information and upload relevant documents.
What’s the minimum initial deposit to kick-off a CIMB account in Singapore?
The minimum initial deposit to open a FastSaver account with CIMB in Singapore is SGD 1,000. However, there are no monthly fees or fall-below fees, so you can maintain a low balance if needed.
How do I check the status of my CIMB account application in Singapore?
You can check the status of your CIMB account application in Singapore by logging into your account on the CIMB Singapore website. Alternatively, you can contact CIMB customer service for assistance.
What documents should I prepare to open a bank account with CIMB in Singapore?
To open a bank account with CIMB in Singapore, you will need to prepare a valid Singapore Citizen or Permanent Resident identification card, proof of residential address, and additional documentation if you are an expatriate. You can find more information on the CIMB Singapore website.
