CIMB Bank and CIMB Islamic Bank have introduced new solutions to provide its customers in Malaysia and Singapore seamless and efficient cross-border banking experience.

The new Cross-Border Solutions will allow the CIMB customers in both the countries to conduct cross-border banking and transactions seamlessly between Malaysia and Singapore including fee-waived fund transfers, online transfers and bill payments.

CIMB Group Consumer Banking CEO Samir Gupta said: “As a leading ASEAN universal bank, CIMB is continuously innovating to provide the best value proposition and convenience to our customers across the region.

“The Malaysia-Singapore Cross-Border Solutions is testament to this commitment and is only the beginning, as we leverage on our strong ASEAN network to provide similar convenience for our franchises in Indonesia, Thailand and Cambodia, with the expectation of making banking within ASEAN as seamless as possible for our valued customers.”

The Cross-Border Solutions will allow the customers to view and manage their Malaysian and Singaporean CIMB accounts simultaneously through an integrated platform.

The benefits also include fee waiver for fund transfers between CIMB accounts and fund withdrawals at over 6,000 CIMB ATMs across ASEAN with the CIMB debit card.

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Cash rebates are also guaranteed for online exchange rate for fund transfers from CIMB Singapore to CIMB Malaysia account via CIMB Clicks. This benefit is valid until 31 December.

It also provides additional benefits to the CIMB Preferred customers such as the opening of CIMB Singapore account in Malaysia.

The bank will also deploy a dedicated Relationship Manager for the privileged customer’s wealth management requirements.