CIMB Bank Berhad is waiving its fees performed on its online banking platform, CIMB Clicks as well as CIMB Clicks and CIMB EVA mobile apps, regardless of transaction amount.

CIMB revealed the Interbank GIRO (IBG) fee of RM0.11 per transaction and Instant Interbank Fund Transfer (IBFT) fee of RM0.53 per transaction will be waived and this will take effect immediately

In a statement, CIMB said that this is part of their  effort to drive the usage of digital payments, in support of Bank Negara Malaysia’s cashless society agenda.

This move is expected to benefit all registered users of CIMB Clicks, which last year processed 155 million transactions, alongside the marked increase in digital transactions for the Bank, CIMB has also seen the usage of cheques drop by 17.5 per cent year-on-year for 2017.

CIMB Group chief executive officer of group consumer banking, Samir Gupta said CIMB Bank is delighted to offer zero-fee interbank fund transfers via CIMB Clicks and mobile banking apps to their customers.

“Over the last three years, we have seen digital transactions grow by a Compound Annual Growth Rate (CAGR) of close to 40 per cent, and mobile transactions by a CAGR of 90 per cent. 

“We are confident the zero-fee fund transfers will encourage more of our customers to switch to electronic payments, while helping to develop Malaysia’s e-payments ecosystem.”

The all-new upgraded CIMB Clicks went live on  March 17 and the upgraded platform provides an improved user experience, quick access to accounts and transactions, improved safety and security, as well as personalised offerings and promotions. 

Since the launch of the new CIMB Clicks, new user registrations have increased over 30 per cent thanks to its simpler navigation and seamless user experience across desktop, tablet and mobile.

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