A purely-digital online bank account which designed for the convenience to save the hassle of attending to the physical brick and mortar bank branch.
- Fast and simple online account opening – save your hassle heading to branch
- Competitive SGD – MYR exchange rate than market
- Instant cross border remittance to Malaysia bank account
- Legal and secure
- FAST service available for fund transfer to other 18 local Singapore bank account
- Free online banking account & mobile app
With CIMB Singapore remittance service, the cross border fund transfer can be said to be almost immediate and instant with just few clicks from the CIMB Singapore App.
What are the criteria?
You need to own an active CIMB Malaysia saving account and CIMB Singapore saving account.
Comparing the conversion rates
Trust me, up to the moment this article is published, I personally have not find any money changer or remittance service which can beat the conversion rate of SGD to MYR.
Note for new applicant:
Important note for your initial deposit:
The first initial minimum deposit (S$ 1,000) can not be funded by a 3rd-party account that does not bear the name of the individual account holder or the respective name of the joint account holders. In the event that your S$ 1,000 is funded by 3rd-party, you may choose to transfer the fund to your another personal/joint account in local Singapore bank first via FAST. After then, transfer the fund into this newly opened CIMB account for activation.
Now, you can really hassle-free for sending back your hard earn SGD back to Malaysia bank account to pay off your monthly bill anytime and anywhere with a click.
Disclaimer: all information provided are to my best understanding and experience at the time of compose. If you would like to confirm the detail, you should consult their official website.