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Notice of Amendments on Terms and Conditions for CIMB Bank Berhad’s Current Account and Savings Account and CIMB Islamic Bank Berhad’s Current Account-i and Savings Account-i

IB Insights
By IB Insights
7 years ago
Notice of Amendments on Terms and Conditions for CIMB Bank Berhad’s Current Account and Savings Account and CIMB Islamic Bank Berhad’s Current Account-i and Savings Account-i

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  1. CIMB Islamic Bank Berhad (671380-H) CIMB Bank Berhad (13491-P) IMPORTANT NOTICE DATED: 5 MARCH 2018 NOTICE OF AMENDMENTS ON TERMS AND CONDITIONS FOR CIMB BANK BERHAD’S CURRENT ACCOUNT AND SAVINGS ACCOUNT AND CIMB ISLAMIC BANK BERHAD’S CURRENT ACCOUNT-i AND SAVINGS ACCOUNT-i We wish to inform you that Terms and conditions of CIMB Bank’s Current Account (“CA”)/ Saving Account (“SA”) and CIMB Islamic Bank’s Current Account-i (“CA-i)/ Saving Account-i (SA-i) have been varied, amended and new clauses incorporated as set out in the below table and shall take effect and be binding with effect from 1 April 2018. A tabulation of the revised clauses are as follows: Current Account/Current Account-i Terms and Conditions  Amendments on Clause 1.9.1.1 and 2.8.1.1  Deletion on Clause 1.9.1.2 and 2.8.1.2 Clause Existing Clause “Account holders of Basic Current Account/Basic Current CA CA-i Account-i are allowed to conduct a total of sixteen (16) Clause Clause monthly transactions as follows where no fees and charges will 1.9.1.1 2.8.1.1 be imposed except for GIRO transactions: (a) six (6) Over the Counter (“OTC”) visits; and (b) eight (8) Automated Teller Machine (“ATM”) withdrawals; and (c) two (2) interbank GIRO transactions.” CA Clause 1.9.1.2 CA-i Clause 2.8.1.2 “Any transactions conducted by account holders of Basic Current Account/Basic Current Account-i over and above the number of transactions as stated in 1.8.1.1 above shall, where applicable, be subject to such fees and charges as may be determined by the Bank from time to time unless the account holder had opted to pay an annual fee as prescribed by the Bank.” Savings Account/Savings Account-i Terms and Conditions  Amendments on Clause 1.7.1.1 and 2.8.1.1 Clause Existing Clause “Account holders of Basic Savings Account/Basic Savings SA SA-i Account-i are allowed to conduct a total of sixteen (16) monthly Clause Clause transactions as follows where no fees and charges will be 1.7.1.1 2.8.1.1 imposed except for GIRO transactions. (a) six (6) Over the Counter (“OTC”) visits; and (b) eight (8) Automated Teller Machine (“ATM”) withdrawals; and (c) two (2) interbank GIRO transactions.” Revised Clause “Account holders of Basic Current Account/Basic Current Account-i are allowed to conduct transactions as follows where no fees and charges will be imposed: (a) unlimited Over the Counter (“OTC”) visits; and (b) unlimited Automated Teller Machine (“ATM”) withdrawals. Interbank GIRO transactions are subject to prevailing fees applicable depending on the channel used to effect the transaction and the number of interbank GIRO transactions effected in the month.” Deletion of: “Any transactions conducted by account holders of Basic Current Account/Basic Current Account-i over and above the number of transactions as stated in 1.8.1.1 above shall, where applicable, be subject to such fees and charges as may be determined by the Bank from time to time unless the account holder had opted to pay an annual fee as prescribed by the Bank.” Revised Clause “Account holders of Basic Savings Account/Basic Savings Account-i are allowed to conduct transactions as follows where no fees and charges will be imposed: (a) six (6) Over the Counter (“OTC”) visits; and (b) eight (8) Automated Teller Machine (“ATM”) withdrawals. Interbank GIRO transactions are subject to prevailing fees applicable depending on the channel used to effect the transaction and the number of interbank GIRO transactions effected in the month.” The revised version of the Terms and Conditions can be found on our website at: Current Accounts: Conventional: https://www.cimbbank.com.my/content/dam/cimb-consumer/personal/pdf/account/ProjectRationalisation/current-account-conventional-tnc-engoct2017.pdf Islamic: https://www.cimbislamic.com.my/content/dam/cimb-consumer-islamic/Personal/PDF/Accounts/ProjectRationalisation/current-account-i-islamic-tnc-engoct2017.pdf Saving Accounts: Conventional: https://www.cimbbank.com.my/content/dam/cimb-consumer/personal/pdf/account/ProjectRationalisation/savings-account-conventional-tnc-engoct2017.pdf Islamic: https://www.cimbislamic.com.my/content/dam/cimb-consumer-islamic/Personal/PDF/Accounts/ProjectRationalisation/savings-account-i-islamic-tnc-engoct2017.pdf For more information on the Current Account/-i and Savings Account/-i, please visit our website at: Current Accounts: Conventional: https://www.cimbbank.com.my/en/personal/products/accounts/current-accounts.html Islamic: https://www.cimbislamic.com.my/en/personal/products/accounts/current-account-i.html Saving Accounts: Conventional: https://www.cimbbank.com.my/en/personal/products/accounts/savings-accounts.html Islamic: https://www.cimbislamic.com.my/en/personal/products/accounts/savings-account-i.html The Management CIMB Bank Berhad CIMB Islamic Bank Berhad