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CIMB Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

CIMB Bank suits Malaysian savers who want easy access to their money and a monthly fee of MYR 0. The catch is the headline rate of 0.25%, well under the site median of 3%, so its case rests on reach and remittances rather than the rate.

Key facts

Best for
An easy access savings account with a monthly fee of MYR 0 and withdrawals at an ATM, online or a branch.
Monthly fee
MYR 0↗
Currencies
24↗
Transfer fee
RM10 flat per transaction (excl. 8% SST)↗
Legal entity
CIMB Bank Berhad↗
Headquarters
Malaysia↗
Support channels
Help-centre↗
Pricing model
No monthly fee
Official website
cimb.com.my

Savings

Headline rate
0.25%↗
Rate type
Variable↗
Minimum deposit
MYR 20↗
Access terms
Withdraw funds at any time from an ATM, online, or at a branch↗
Account kind
Easy access↗

Money transfer

Delivery time
Instant (SpeedSend)↗
Payout methods
Bank, Cash-pickup, Wallet↗
Fee to send 1,000
MYR 10↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App Store
Elsewhere
Wikipedia

Pros and cons

Pros

  • A monthly fee of MYR 0 on the basic savings account, level with the €0 site median.
  • Funds can be withdrawn at any time from an ATM, online or at a branch, and the account is easy access.
  • Remittances span 24 currencies, well above the site median of 5, and transfers are Instant (SpeedSend).
  • Payouts can go to a bank account, a cash pickup point or a wallet (bank, cash pickup and wallet).

Cons

  • The headline rate of 0.25% sits well below the site median of 3%, so the account earns its place on access rather than interest.
  • Support runs on help centre only, so there is no listed phone or chat line for questions.
  • Transfers cost RM10 flat per transaction (excl. 8% SST) for each transaction, which adds to the cost of frequent remittances.
CIMB Bank

Ready to try CIMB Bank?

Scored 9.1 / 10 by VaultCue.

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Who it suits

  • Malaysian savers who want an easy access account with easy withdrawals at an ATM, online or in a branch.
  • People sending money in and out of Malaysia, with 24 currencies covered and transfers that are Instant (SpeedSend).
  • Customers who want a basic savings account opened from a minimum deposit of MYR 20.

Who should look elsewhere

  • Savers chasing a competitive rate, since 0.25% sits under the site median of 3%.
  • Anyone who relies on phone or chat support, as help runs through help centre only.
  • People moving money often, because each transfer costs RM10 flat per transaction (excl. 8% SST).

How CIMB Bank compares

Frequently asked questions

What does CIMB Bank charge each month?+

The basic savings account carries a monthly fee of MYR 0, so it is a no monthly fee account. That matches the site median monthly fee of €0. A minimum deposit of MYR 20 is needed to open it.

What interest does the basic savings account pay?+

The headline rate is 0.25% and the rate type is variable, so it can move with the bank. For context, the median headline rate across listings on the site is 3%. The account is easy access, so withdrawals stay available.

Can I withdraw money at any time?+

Funds can be taken out at any time from an ATM, online or at a branch, which matches the easy access design of the basic savings account. With a minimum deposit of MYR 20, the account opens small and stays accessible.

What does it cost to send money with CIMB Bank?+

Money transfers cost RM10 flat per transaction (excl. 8% SST), and the same charge is listed as a fixed amount of MYR 10 on the remittance fee schedule. Delivery is Instant (SpeedSend), so the transfer itself is quick once sent. Payouts are available to a bank account, cash pickup or a wallet (bank, cash pickup and wallet).

How many currencies can the remittance service cover?+

The remittance service covers 24 currencies, well above the site median of 5. CIMB Bank Berhad, the legal entity behind the brand, is headquartered in Malaysia, and foreign transfers in either direction run through the same service.

How do I get help from CIMB Bank?+

Support is offered through help centre, so help is centred on the self service help centre. That centre covers fees and charges information alongside general customer help. Phone and chat are not listed among the support channels.

Who is this account for?+

It suits Malaysian customers who want a savings account with a monthly fee of MYR 0 and access at an ATM, online or in a branch. It also suits people sending money in and out of the country, with 24 currencies and transfers that are Instant (SpeedSend).

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

CIMB Bank

CIMB Bank

An easy access savings account with a monthly fee of MYR 0 and withdrawals at an ATM, online or a branch.

9.1/10See alternatives