KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have introduced the Cross-Border Solutions, which enables customers with CIMB accounts in Malaysia and Singapore to enjoy seamless and efficient cross-border banking experience.
CIMB’s Cross-Border Solutions cater to any customer living in Malaysia or Singapore. With their CIMB conventional or Islamic accounts in both countries, they are able to conduct cross-border banking seamlessly between Malaysia and Singapore, providing the ultimate convenience for transactions like fee-waived fund transfers, preferential forex rates for online transfers and bill payments.
In a statement, CIMB Group Consumer Banking chief executive officer Samir Gupta 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 in Indonesia, Thailand and Cambodia, with the expectation of making banking within Asean as seamless as possible for our valued customers.”
Some of the benefits of the Cross-Border Solutions currently available in Malaysia and Singapore include single login to CIMB Clicks, 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, and 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 December 31, 2018.
Additionally, there are benefits exclusive to CIMB Preferred customers and these include ease of account opening and a dedicated Relationship Manager for the customer’s wealth management needs in both Singapore and Malaysia.