FX booking* made available digitally to all SMEs without having to open a business account.
SINGAPORE, Aug. 12, 2025 /PRNewswire/ — CIMB Singapore today unveils CIMB FX Online, a digital foreign exchange (FX) solution tailored to meet the cross-border trade payments needs of small and medium-sized enterprises (SMEs) at every stage of growth – from startups managing initial overseas vendor payments to mature businesses servicing international loans. CIMB FX Online also enables non-CIMB customers to instantly make a one-time FX booking without having to open a business account.
CIMB’s FX solution offers guaranteed best exchange rates for Singapore Dollar (SGD) to Malaysian Ringgit (MYR), Indonesian Rupiah (IDR) and Thailand Baht (THB), real-time FX pricing, and zero FX fees for the first transfer. The platform gives businesses full transparency of live exchange rates, enabling them to transact confidently without hidden fees. With simpler, faster and more cost-effective ways to managing finances, CIMB helps SMEs address common pain points like high costs, limited transparency and frequent delays in overseas payments.
“At CIMB, we are constantly innovating to meet the evolving needs of Singapore SMEs as they set their sights on overseas expansion. CIMB FX Online underscores our commitment to helping SMEs thrive across markets with a more transparent and cost-effective way to manage regional transactions. Backed by our strong digital capabilities, deep regional expertise, and customer-first approach, we remain dedicated to empowering SMEs with the tools they need to grow with confidence,” said Benjamin Tan, Head of Commercial & Transaction Banking, CIMB Singapore.
Existing CIMB Business Current Account holders can transact directly within the business banking portal, without needing to switch platforms. SMEs can trial FX Online for the first time without a CIMB business account, giving them an opportunity to have a first-hand experience of the service.
Key Features and Benefits*:
Quick and secure platform: Seamless experience with an intuitive interface designed for easy navigation and secure transactions via Singpass MyInfo.
Best exchange rates in ASEAN: Guaranteed best rates for SGD to MYR, IDR, and THB.
Instant FX booking for non-customers:Â Enjoy a one-time FX booking without the need for a CIMB business account.
Zero FX fees for first transfer: No hidden costs to help business owners reduce operating costs.
Real-Time FX Rates: Full transparency of live exchange rates.
Wide currency selection: Lock in preferred exchange rates for transactions in multiple currencies.