CIMB SGD BusinessGo Lite

0   ★★★★★   0   Reviews

Initial Deposit Amount
$ 0
Minimum Balance Required
$ 0
Account Opened within
Same Day*
Features 1

Online Promo: Be rewarded with up to S$120* Cash Credit from Smart Towkay when you sign up BusinessGo Lite / BusinessGo-i Lite account now with CIMB Bank Singapore!

Read more here

Key Features
Features 1

Open Your Corporate Account in 15 minutes**

Features 2

Open to eligible Malaysia registered company

Features 3

$0 Initial Deposit + $0 Min Average Daily Balance

Eligibility/Documents
MyInfo Business Login
M&AA
Identity Cards of Directors/Shareholders
Document Checklist:
 Certified true copies^ of the following company documents:

 

1. For private limited companies:

    Memorandum and Articles of Association or Constitution

 

2. For partnership/ limited partnerships, or limited liability partnerships that have a partnership agreement:

    Partnership agreement

 

^A certified true copy is a copy of an original document that has been stamped or signed with "CTC" to confirm the copy is true and authentic by the following persons:

- For private limited or public company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director

For partnerships: 2 partners

- For sole proprietorship: The business owner

NRIC/ FIN/ Passport copy* and specimen signatures of the following persons:

 

  • All person who can sign off this application#
  • All authorised signatories
  • All approving persons (unless you are a sole proprietorship)
  • All controlling persons (only if applicable to your company)

 

#Persons who can sign off this application:

  • ID documents for Directors and Ultimate Beneficial Owners (if applicable)
  • For private limited or public company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director
  • For partnerships: 2 partners
  • For sole proprietorship: The business owner

*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Fees and charges
CIMB SGD BusinessGo Lite (Digital) account Fees & Charges

- Min Initial Deposit: Nil 

 

- Min Avg Daily Balance: Nil 

 

- Fall-Below Fee (Monthly): Nil

 

- Account Fee (Monthly): S$28 per month

 

- Early Account Closure Fee: S40 (closed within 6 months of account opening)

 

- Cheque Book Fee: $25 per book

 

- Transactional Pricing:

   OTT $15 flat*

    Above pricing is only applicable for transactions performed via BizChannel (ie. online transaction);
     If non-online (ie. manual transaction), then the standard pricing for manual transactions applies.
 

 - FAST, GIRO & Payroll (Single & Bulk)- Free

 

 - Internet Banking Fees: Waived for 1st 3 tokens


*SGD deposits are insured up to S$75,000 by SDIC

Other similar products
CIMB SGD BusinessGo Lite
Profit Rate
0 % E.I.R per year
Minimum Balance Required
$ $0
ASPIRE Digital Bank Account
Profit Rate
0 % E.I.R per year
Minimum Balance Required
$ 0
CITIBANK CITIBUSINESS HIGH YIELD ACCOUNT
Profit Rate
0 % E.I.R per year
Minimum Balance Required
$ $50,000

If you're not sure which loan is right for you, we can help!

Why Should You Apply Through Smart-Towkay ?

Benefits of Applying Through Us

HIGHER APPROVAL RATE

As a team of ex bankers, we are very familiar with credit criteria of individual banks with a solid track record of >80% approval rate.

HASSLE FREE APPROACH

Leave the application process to our specialists while you focus your resources on your core business.

FASTER TURNAROUND TIME

Tired of waiting for unresponsive bankers revert? Your application is our priority, reduce processing time by 3-5 working days through us!

RISK FREE PROCESS

No upfront fees, no fees applicable if we’re not enable to secure financing for your company. Performance guarantee, pay only for results!

Review
by Smart-Towkay

 

You’re eager to put your company on the map and you’re ready to hustle. Speed is of the essence.

 

While almost all banks have streamlined their application process to incorporate online applications, many of them still have some physical meet-up requirements, thus slowing down the application.

 

Through CIMB’s online application platform, opening an account online is absolutely seamless and approval can be obtained quickly. In fact, you can open a BusinessGo Lite (Digital) account in as quickly as 15 minutes* and begin transactions the same day. Start collecting your revenue the same day you incorporate your company!

*Application process timeline might differ for more complex company shareholding structure entities

CIMB SGD BusinessGo Lite Faq

Generally speaking, there are a few required documents.

A Completed Corporate Account Opening Form with the bank in question, signed by the signatories as listed in the board resolution.

A Board of Directors Resolution that would sanction and authorize the opening of the account by the authorized signatories.

A Certified True Copy of Resolution that would sanction and authorize the opening of the account by the authorized signatories. Most banks will have their own format.

Certified True Copy of Certificate of Incorporation, certified by company’s secretary or director(s).

Certified True Copy of Company’s Business Profile from Company Registrar by company’s secretary or director(s).

Certified True Copy of Company’s Memorandum and Articles of Association (MAA) by company’s secretary or director(s).

Certified True Copies of Passport (or Singapore IC) and Residential Address Proof of the Directors, Signatories, and Ultimate Beneficiary Owners.

For more info on the required documents: Click here

A Business bank account would allow your company to better organize your finances so that you can pay and receive funds in a joint account that is linked to the company, instead of the individual.

 With a business bank account, you can delegate the payment of transactions to your secretary, and allow them to complete payments authorized by you. Alternatively you can give an agent authority over the account and allow them to complete transactions themselves.

 

Please do refer to the individual bank’s terms and conditions for more information, it should also be stated in our comparison.

While the process for applying for a business bank account is usually quite easy, you may face additional documentation and process requirements. For residents of the following country, you may face longer waiting times.

Iran

Democratic People’s Republic of Korea (DPRK)

Algeria

Ecuador

Indonesia

Myanmar

Yes, we work with our partners regularly to give additional incentive for our users when signing up corporate accounts through our site.


Check out our ongoing promotion here!


Have questions regarding our promotion? 

Contact us through our whatapps or email and our friendly consultants will guide you

 

Check out our blog on the Best Business Banking Account in Singapore 2021!


Else contact us through our whatapps or email and our friendly consultants will guide you.

Read More
About Business Banking Account
Singapore is an internationally renowned global financial hub – one of the largest in the world... Continue Reading
CIMB’s Online Account Opening platform allows a SME, regardless of whether you are a sole... Continue Reading
Find out more about how Islamic banking products work and what they have to offer consumers, both... Continue Reading
Looking For More SME Business Related Tips?
Subscribe to our newsletter