Malaysia’s CIMB Bank has launched two online banking features, allowing customers to open accounts online and transfer funds to mobile numbers or email addresses.

Kwik Account allows customers to open an account without visiting a branch; the account is instantly activated pending a successful application.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Kwik Money Transfer is a feature of the bank’s internet banking platform, CIMB Clicks, and enables savings and current account holders to send money to Malaysian account numbers or email addresses instead of account numbers. If the recipient does not have an account with CIMB Bank, they can open a Kwik Account and redeem the money.

Renzo Viegas, head of consumer banking, CIMB Group, said: "The introduction of the Kwik Account and Kwik Money Transfer is a milestone achievement in the banking industry as they set new standards for online banking services. Such a move shows CIMB Bank’s commitment to continuously innovate to meet the diverse needs of our customers."

The Kwik Aaccount can be opened in three steps with no minimum deposit and is accessible via CIMB Clicks and CIMB Clicks Mobile App on Apple and Android mobile devices. Customers can also opt for a Kwik Card – a prepaid card that functions like a debit card to enable ATM withdrawals and payments at any MasterCard terminal.

CIMB Bank operates a branch network of 1,105 branches through out Malaysia, Singapore, Indonesia, Thailand, Brunei, Cambodia, Laos, Myanmar, Philippines and Vietnam.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

 

Related articles

CIMB launch Facebook banking service

Thai unit of CIMB targets ambitious retail banking growth

CIMB explains rationale behind Yingkou stake purchase