CIMB BANK

Aspect	Information
Registered Country	Singapore
Company Name	CIMB Bank
Regulation	Regulated by LFSA
Services	Personal Banking, Business Banking
Account Types	Savings Accounts, Current AccountsFixed Deposit (Personal Banking)Commercial Current AccountsCorporate Current AccountsFixed Deposit Accounts (Business Banking)
Customer Support	Business Call Centre (Weekdays), Digital Channels, Email, Branches

Overview

CIMB Bank, based in Singapore, offers a diverse range of financial services, including personal and business banking. Regulated by LFSA, it ensures compliance with financial regulations, providing a secure banking environment. With various account types and accessible customer support via the Business Call Centre, digital channels, email, and branches, CIMB Bank strives to meet the banking needs of its customers efficiently.

Regulation

CIMB Bank is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia, holding a full license under its authority.

CIMB BANK (L) LIMITED (Labuan Bank), is regulated by the LFSA, holding a Market Making ( MM) license, with license number unleased.

CIBANK BERHAD, LABUAN OFFSHORE BRANCH ( Labuan Bank ), is regulated by the LFSA, holding a Market Making ( MM) license, with license number unleased.

Pros and Cons

Pros	Cons
Comprehensive range of products	Limited branch network
Convenient digital banking services	Potential longer wait times for support
Competitive credit card offerings	Fees and charges may apply
Various loan options available	Limited availability of specialized services in some areas
Diverse investment opportunities	Complexity of certain financial products for some customers

While CIMB Bank offers a comprehensive suite of banking products and services, including convenient digital banking options and competitive offerings, customers may encounter limitations such as a smaller branch network and potential fees. However, overall, CIMB Bank strives to meet the diverse financial needs of its customers effectively.

Services

CIMB Bank offers a wide range of financial products and services catering to both personal and business needs. Here's a breakdown of the main services provided by CIMB Bank:

1. Personal Banking:

1. Digital Services: CIMB provides various digital banking services like CIMB Clicks for online banking, payment and transfers, online applications for convenience, consult-OnTheGo for financial advice, FX margin trading for currency trading, Supplementary Retirement Scheme (SRS) for retirement planning, and Gold Account for gold investment.

2. Insurance: CIMB offers both general and life insurance products to help customers protect themselves and their assets.

3. Investments: CIMB provides investment opportunities such as unit trust investments, investment plans, structured deposits, and dual currency investments.

4. Loans & Financing: CIMB offers personal loans and financing options for individuals looking to fulfill their financial needs, including property loans for those interested in real estate investment.

5. Cards: CIMB provides credit cards with different features and benefits to suit various lifestyles. They also offer other credit card services such as rewards programs and installment plans.

6. Accounts: CIMB offers various types of savings and current accounts to meet the diverse needs of its customers. Additionally, it provides fixed deposit accounts for customers looking to invest their savings.



2. Business Banking:

1. Trade Finance: CIMB offers trade finance solutions such as import and export trades services, and guarantees to facilitate international trade transactions.

2. Loans & Financing: CIMB provides various loan and financing options for businesses including commercial and corporate loans and financing, as well as collections and payments services.

3. Treasury: CIMB offers treasury products and services to assist businesses in managing their liquidity and risk, along with Channels@CIMB for convenient access to these services.

4. Cash Management: CIMB provides cash management services including commercial and corporate current accounts, as well as fixed deposit accounts to help businesses manage their finances efficiently.

5. Solutions: CIMB offers solutions tailored for businesses including commercial banking, corporate banking, and services for financial institutions groups.

Overall, CIMB Bank offers a comprehensive suite of banking products and services to cater to the diverse needs of both individuals and businesses, ranging from basic banking accounts to advanced investment and treasury solutions.

Customer Support

CIMB Bank offers customer support through various channels:

1. Call: Reach the Business Call Centre during weekdays for direct assistance.

2. Digitally Connect: Fill a form on their website, send a secured message via online banking, or email for business inquiries.

3. Write or Visit: Send mail to their address or locate branches, ATMs, and Quick Cheque Boxes online.

4. Provide Feedback: Share thoughts on products and services via forms or email.

5. Opt-out of Marketing: Choose to stop receiving marketing messages with a simple click.

CIMB Bank aims for easy access and responsive assistance for all customer needs.

Conclusion

In conclusion, CIMB Bank offers a comprehensive range of financial products and services for both personal and business needs. From savings accounts to investment opportunities, and from commercial banking solutions to trade finance, CIMB caters to diverse requirements. With accessible customer support channels and a commitment to responsive assistance, CIMB Bank strives to meet the banking needs of its customers efficiently and effectively.

FAQs

Q1: How can I open a savings account with CIMB Bank？

A1: You can open a savings account by visiting any CIMB branch or applying online through their website.

Q2: What types of credit cards does CIMB Bank offer？

A2: CIMB Bank offers a variety of credit cards tailored to different lifestyles and needs, including rewards programs and installment plans.

Q3: Can I apply for a personal loan online？

A3: Yes, CIMB Bank provides online applications for personal loans, offering convenience for customers.

Q4: What digital services does CIMB Bank offer？

A4: CIMB Bank offers a range of digital banking services including CIMB Clicks for online banking, payment and transfers, and consult-OnTheGo for financial advice.

Q5: How can I provide feedback to CIMB Bank？

A5: You can provide feedback through various channels such as filling out online forms on their website or emailing them directly.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.