CIMB offers reimbursement scheme for foreign remittance

CIMB Preferred customers can get up to $24.31 per day.

Customers at CIMB Bank and CIMB Islamic BHD's affluent banking segment can get the chance to avail of a reimbursement of up to $24.31 (RM100) per day if they provide proof of a lower published foreign remittance rate from any other commercial bank, reports New Straits Times. 

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The offering is available for CIMB Preferred customers that remit $4,862.30 (RM20,000) and above at any branch or CIMB Preferred call centre. 

“Under our existing CIMB Preferred proposition, our affluent customers already enjoy a compelling suite of regional banking convenience and lifestyle privileges and we are excited to introduce this guaranteed rates for foreign currency exchange to them,” said CIMB Group chief executive officer of consumer banking Samir Gupta.

The CIMB Preferred proposition offers customers with the benefit of cross-border account opening in any country for an account in a different destination country, free fund transfers, lower forex rates and priority banking service.