• Online Business Current Account

CIMB Online Business Current Account

Online account opening

Open your business account online from anywhere

Secure

Strong authentication & encryption technology

Bank feeds to Xero

Get daily account transactions in Xero

Convenient

Perform online transactions & inquiries via BizChannel&CIMB

Fast

Get account number instantly upon completion of application

eStatements

View & download eStatements via BizChannel@CIMB

Cost savings

Enjoy fee waivers when you transact

The online application is not available for the following business type and kindly visit any CIMB branch for current account opening:-

(a) Associations / Clubs / Societies

(b) Government Bodies

(c) Joint Management Body

(d) Private Schools / Colleges

(e) Professional Firm Account

(f) Statutory Bodies

Untitled Document


Eligibility:                                                                                                                     Minimum Requirements:

All business enterprises and corporations                                                             Initial deposit of RM1, 000

Click here for more information on documents checklist for each type of business entity.

Click here to download the template for Omnibus Board Resolution which is applicable for Sdn Bhd, Bhd and Labuan Companies

Click here to download the Partnership Mandate Form which is applicable for Partnership business entity.

Click here to download the Limited Liability Partnership (LLP) Mandate Form which is applicable for Limited Liability Partnership business entity.

Products/Items Charges

BizChannel@CIMB Monthly Subscription                                                                

RM20.00 per user
BizChannel@CIMB Security Device Fee RM100.00 per device
Online Interbank GIRO (IBG) Waived
Transfer of Funds to within same branch by Instruction RM5.00 per transaction
Transfer of Funds to another branch by Instruction RM5.00 per transaction
Transfer of Funds to another Bank by Instruction - By Way of Drawing Voucher / Banker's Cheque Sent by Post  RM5.00 per Drawing Voucher / Bankers Cheque and RM0.15 stamp duty on Banker's Cheque
Transfer of Funds to another Bank by Instruction - By RENTAS RM5.00 per transaction
Interbank Funds Transfer (For Penang & Johor Bahru Branches) RM5.00 per transfer of funds within the same clearing zone through BNM and cable charges of RM3.00 or RM6.00 respectively, if beneficiary banks are in West Malaysia or East Malaysia, where applicable
Half-yearly service  RM10.00 for accounts with average credit balance of less than RM1,000
Search fees for account opening RM15.00 (not applicable for accounts opened by individuals and SMEs)
Interest charged on debit balance Minimum of RM5.00 or actual interest charged, whichever is higher
Stamp duty for third party mandate RM10.00
Service charge for third party mandate RM10.00

 

Current Account Statement

- Free on a monthly basis

- RM20.00 per month for daily request

- RM10.00 per month for weekly request

- RM5.00 per month for fortnightly request

Additional / Reproduction of Current Account Statement for period up to 1 year

RM10.00 (upfront)

RM2.00 (additional page)

Additional / Reproduction of Current Account Statement for period exceeding  1 year

RM30.00 (upfront)

RM2.00 (additional page)

Stop Payment Instruction RM10.00 per instruction, irrespective of number of cheques
Closing of Current Account (within 3 months of its opening) RM20.00 & a half-yearly service charge on a prorate basis based on the number of completed months the account has been maintained
Closing of Current Account (after 3 months of its opening) RM10.00 & a half-yearly service charge on a prorate basis based on the number of completed months the account has been maintained
Letter of Reference RM30.00 per letter
Certification / Confirmation / Statement issued for EPF Member’s Withdrawal

RM20.00 per certificate / confirmation / statement

DCHEQS Appeals (Removal from DCHEQS Offenders Blacklist) RM50.00 per appeal
DCHEQS Appeals (Revoke of DCHEQS incidents) RM50.00 per account
Charge of Signatories / Conditions RM10.00 per account per occasion 
ATM card annual fee

RM8.00

Debit card annual fee RM15.00
Stamp duty on cheques RM0.15 per cheque leaf
Processing fees on cheques RM0.50 per transaction
Despatch of cheques books by registered mail within Malaysia & Singapore RM10.00 per cheque book, irrespective of size
Cheque Book not collected after 30 days RM30.00 per cheque book
Cheque Return Charges - Insufficient Funds RM100.00 per cheque
Cheque Return Charges - Stop Payment with Insufficient Balance RM100.00 per cheque

Cheque Return Charges - Post Dated Cheque

RM10.00 per cheque (to be paid by depositor)
Cheque Return Charges - Technical Reasons No charge
Third Party Cheque Encashment RM2.00 per cheque
Referral of Cheques RM50.00 per cheque

Service charge for Inward Unpaid Items (Unpaid Cheques Deposited)

RM5.00 per envelope
Dishonoured cheque account appeals RM50.00 per account

 

*Terms & Conditions apply

Protected by PIDM up to RM250,000 for each depositor. To view PIDM's brochure, click here

Supporting Documents