SINGAPORE (Aug 21): CIMB Bank Singapore has launched the Singapore-Malaysia Online Funds Transfer promotion which guarantees customers get the best exchange rates in the market to remit money to Malaysia.

The SG-MY Funds Transfer promotion was first offered to CIMB customers on Aug 1 and is now available to everyone. The promotion will end on Oct 31, 2018.

To enjoy this promotion, customers will need to do a one-time set up via CIMB’s Clicks Internet Banking to link their CIMB Singapore account with their CIMB Malaysia account.

Following which, customers will be able to view and manage both accounts via a single log-in, and even use the service to make payments for their Malaysian bills.

The fund transfers will be done instantly and safely through CIMB’s Online Internet Banking Platform Clicks at no extra charge.

CIMB customers can also do away with comparing rates at money changes and other online remittance services.

To honour its pledge of having the best exchange rates, CIMB will allow their customers to send a screenshot or picture of any other bank or licenced remittance service provider with a better rate within an hour from the time they performed their funds transfer with CIMB.

The bank will then credit the difference to the customer’s CIMB account within three working days.

Mak Lye Mun, Country Head, Singapore, and CEO, CIMB Bank Singapore says, “We are always looking at ways to improve our offerings and services. We want to make banking with us as simple and convenient as possible. Now, customers do not need to go around comparing rates at the money changers or carry cash around as the funds can be transferred instantly, safely and without any additional charges, anytime and anywhere, at their convenience.”