KUALA LUMPUR (Jan 17): CIMB Bank Bhd (CIMB Bank) and CIMB Islamic Bank Bhd (CIMB Islamic) are now guaranteeing the ‘hottest’ rates for foreign remittance by offering a reimbursement of up to RM100 per customer per day, if shown proof of a lower published rate from any other commercial bank.

In a statement, CIMB said the special offer, termed 'CIMB Preferred Hot Rates', is currently offered to CIMB preferred customers when they remit RM20,000 and more across all foreign currencies at any CIMB 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. Being the only bank in Malaysia to offer this unique benefit, reflects CIMB’s effort to continuously enhance its offerings to provide the best value-for-money experience to our customers," said Samir Gupta, CEO of group consumer banking with CIMB Group.

According to the group, the preferred proposition was recently expanded in September last year to include Asean-wide regional benefits, regardless of the customer's domiciled account.

"Benefits under the proposition include seamless 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 at 120 CIMB Preferred Centres and 1,100 CIMB branches across ASEAN. 

"Every CIMB Preferred customer also has a dedicated Relationship Manager for wealth solutions and financial advice," the statement read.