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Sending money abroad has become part of everyday life for many—whether you're sending funds to family, covering educational costs overseas or investment.

Make Your Remittance Count – Here’s Why!

But while overseas money transfers are common, it’s not always as simple or quick as it should be. Choosing the right remittance service provider can make a world of difference.

 

Here’s what you should look out for:

 

  • Speed: Some transfers take minutes, others take days. A fast service ensures your money gets where it’s needed, when it’s needed.

 

  • Security: Peace of mind is key. Choose a provider that offers strong encryption and security to protect your funds.

 

  • Fees: Hidden fees can add up fast. Look for a provider that's transparent about costs, so you're not caught off guard.

 

  • Exchange Rates: Better rates mean more money for your recipient. Even small differences in rates can make a big difference in the end.

 

But worry not, friends, because CIMB SpeedSend service helps you transfer your funds overseas quickly, securely, and at an affordable rate. 

Why choose SpeedSend with CIMB?

Convenience Assured
  • Instant transfers to UK, Singapore,  Hong Kong, India, CIMB Thai, Philippines (including e-wallet), Sri Lanka and Europe via SpeedSend. 
  • Full amount transferred to receiver
  • Collect in cash or via bank transfer
Value for foreign transactions
  • Flat RM10 transaction fee
  • Enjoy potentially better FX rates with our attractive live FX rates
  • Daily transfer limit up to RM50,000 via CIMB OCTO App & CIMB Clicks website
Remittance at your fingertips
  • Available 24/7 via CIMB OCTO App & CIMB Clicks website
  • Compare Foreign Telegraphic Transfer & SpeedSend rates on a single page

Top 5 Countries with Cost-Effective Rates to Send Money to With CIMB

Is CIMB truly affordable and fast? We believe so! CIMB SpeedSend has a RM10 flat fee for any transfer amount – and don’t worry, no extra bank fees will be charged to the person receiving the money either.

 

To prove our point, we compared the fees and transfer duration between CIMB and our banking peers for money transfers to these five countries: Singapore, Indonesia, India, Hong Kong and the UK.

Country Local Bank Average Transaction Fee CIMB Speed Send  Local Bank Average Transfer Duration CIMB Speed Send
Singapore RM10 per transaction  RM10 flat fee 1-2 days Instant
Indonesia RM20 - RM25 per transaction 1-5 days
India
Hong Kong
United Kingdom

There you have it – if you regularly transfer money to these countries above, look no further than CIMB SpeedSend for a smooth and fuss-free transaction.

Here’s How to Remit via CIMB SpeedSend

 

Now that we’ve convinced you, it’s time to start! You can easily transfer your money using CIMB SpeedSend via the CIMB OCTO app. Here’s how:

 

Step 1: Tap on [Foreign Transfer] icon on Home Screen

 

Step 2: Select Recipient Bank Country > Receiving Currency

 

Step 3: Select Debiting Account

 

Step 4: Select a Transfer Type (Transfer to Account / Cash Collection)

 

Step 5: Select Sending Currency > Enter Amount

 

Step 6: Select a Payment Type (FTT / SpeedSend)

 

Step 7: Enter Recipient details address and bank details (if applicable)

 

Step 8: Enter Sender details

 

Step 9: Select Purpose of Payment

 

Step 10: Review and approve transaction via SecureTAC, and done!

 

Sending money abroad doesn’t have to cause headaches anymore. Find out more about CIMB SpeedSend and Foreign Telegraphic Transfer services today and enjoy the convenience, speed, and reliability of international money transfers with a trusted bank.

 

CIMB Bank Berhad 197201001799 | CIMB Islamic Bank Berhad 200401032872

 

 

This article is for informational purposes only and CIMB does not make any representation and warranty as to the accuracy, completeness and fairness of any information contained in this article. As this article is general in nature, it is not intended to address the circumstances of any particular individual or entity. You are advised to consult a financial advisor or investment professional before making any decisions based on the information contained in this article. CIMB assumes no liability for any consequences arising from your reliance on the information presented here.