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CIMB Enhances Malaysia-Singapore Cross-border Banking For Customers
Last update: 04/03/2018

KUALA LUMPUR, March 4 (Bernama) -- 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.

In a statement today, CIMB†said, customers with CIMB conventional or Islamic accounts in both countries, would be able to conduct cross-border banking seamlessly between Malaysia and Singapore, providing the ultimate convenience for transactions like fee-waived fund transfers, preferential foreign exchange rates for online transfers and bill payments.

Its Chief Executive Officer (CEO) of Group Consumer Banking, Samir Gupta, said as a leading ASEAN universal bank, CIMB†was continuously innovating to provide the best value proposition and convenience to its†customers across the region.†

"The†Malaysia-Singapore Cross-Border Solutions is testament to this commitment and is only the beginning, as the bank†leverages on its†strong ASEAN network to provide similar convenience for the bank's†franchises in Indonesia, Thailand and Cambodia," he said.

He said the benefits†of the Cross-Border Solutions,†currently available in Malaysia and Singapore,†included†single login to CIMB Clicks where by customers could manage and view both Malaysia and Singapore CIMB accounts at the same time via an integrated platform.

"Fee waiver for fund transfers between CIMB accounts using CIMB Clicks and fund withdrawals at over 6,000 CIMB†automated teller machines (ATMs) across ASEAN with a CIMB ATM/debit card as well as Guaranteed2 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 Dec 31,†2018,? he said.

He said additionally, there were benefits exclusive to CIMB Preferred customers such as ease of account opening whereby the opening of CIMB Singapore account could be facilitated in Malaysia.

There would also be a†dedicated relationship manager for the customer's wealth management needs in both Singapore and Malaysia, with unparalleled priority service at any CIMB branch in ASEAN, he said.



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Source: Bank Negara Malaysia

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