CIMB’s SpeedSend Zero Fee Extended to All Cross-Border Fund Transfers

03 April 2020

In support of customers managing global fund transfers during the movement control order period related to COVID-19 
 

Kuala Lumpur: CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) announced an extension to the current SpeedSend Zero Fee programme, which will now see zero fees being charged for fund transfers to all partner banks and remitting agents in all overseas corridors within the SpeedSend network. This is exclusively for transactions carried out via CIMB Clicks. 

This programme, effective 2 April and ongoing until 30 April, will enable customers to transfer funds with zero transaction fees to several countries including the UK, eight ASEAN countries, USA, Australia, Europe, India, Nepal and Bangladesh. The funds will be transferred, instantly to some countries, and credited directly to the recipient’s account or collected as cash. Each customer is allowed to send a minimum of RM30 and up to a maximum of RM10,000 per day via CIMB Clicks.

Datuk Mohd Nasir Ahmad, Chairman of CIMB Group said, “We have proactively taken this opportunity to provide greater convenience and support to our customers during the current MCO observation period. As a financial institution that prioritises our customers and communities, we are cognisant of the current situation and hope this will help our customers make urgent and immediate cross border transfers to friends, family and other counterparts from the safety and comfort of their own homes.”     

SpeedSend is a speedy, secure, easy and affordable way to transfer money online, around the world via CIMB Clicks, and send or receive funds from any CIMB Bank or CIMB Islamic branch or appointed SpeedSend Agents or Partner Banks worldwide. A complete listing of countries where account crediting and cash collection is available HERE.

Customers can access SpeedSend by logging onto the CIMB Clicks website – (www.cimbclicks.com.my) and choosing the SpeedSend option under “Pay and Transfer”

In addition to SpeedSend and as part of CIMB’s relief efforts during MCO, CIMB has temporarily waived the RM1 fee for interbank cash withdrawal transactions at its ATMs/self-service terminals with effect from 6 April 2020 until the end of the MCO.