Sunday, August 25

CIMB guarantees ‘hottest’ foreign currency exchange rates

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CIMB and CIMB Islamic are upping the ante on their customer proposition by guaranteeing the ‘hottest’ rates for foreign remittance, and offering a reimbursement of up to RM100 per customer per day upon proof of a lower published rate from any other commercial bank. — Reuters photo

KUALA LUMPUR: CIMB Bank Bhd (CIMB) and CIMB Islamic Bank Bhd (CIMB Islamic) are upping the ante on their customer proposition by guaranteeing the ‘hottest’ rates for foreign remittance, and offering a reimbursement of up to RM100 per customer per day upon proof of a lower published rate from any other commercial bank.

The special offer, called CIMB Preferred Hot Rates is currently offered to CIMB Preferred customers when they remit RM20,000 and above across all foreign currencies at any CIMB branch or CIMB Preferred Call Centre.

In a statement, CIMB Group Consumer Banking CEO Samir Gupta said, “As a leading Asean universal bank, CIMB remains committed to providing the best value propositions to our customers.

“Under our existing CIMB Preferred proposition, our affluent customers already enjoy a compelling suite of regional banking convenience and lifestyle privileges and we are excited to introduce this guaranteed rates for foreign currency exchange to them.

“Being the only bank in Malaysia to offer this unique benefit reflects CIMB’s effort to continuously enhance its offerings to provide the best value-for-money experience to our customers.”

The CIMB Preferred proposition was recently expanded in September 2018 to include regional benefits Asean-wide, regardless of the customer’s domiciled account.

Benefits under the proposition include seamless cross-border account opening in any country for an account in a different destination country, free fund transfers, lower forex rates and priority banking service at 120 CIMB Preferred Centres and 1,100 CIMB branches across Asean.

Every CIMB Preferred customer also has a dedicated Relationship Manager for wealth solutions and financial advice.