Amendments to CIMB Business Current Account Terms and Conditions

Current Clause	Amendment/New Clause
1.3 The Bank may refuse to accept an application for the opening of a Current Account.	1.3 The Bank may refuse to accept an application for the opening of a Current Account and provide reason for refusal.
1.4 The Bank may decide on the minimum sum that needs to be deposited in order to open the Current Account. The minimum sum required to be deposited to open a Basic Current Account and/or Senior Basic Current Account is RM500. The Bank may however change this at any time.	1.4 The Bank may decide on the minimum initial deposit required to open a Current Account. The minimum initial deposit required to open a Current Account is published on the Bank’s website and available at its branches, and no minimum balance is required thereafter. The Bank may change the minimum deposit amount at any time by giving notice to the applicant in accordance with clause 21 below.
1.5 The Bank will impose a service charge on the Current Account in June and December each year if the average balance in that account is less than RM1,000.	1.5 The Bank will impose a service fee on the Current Account in June and December each year if the average balance in that account is less than RM1,000 during the relevant half year period. The applicable fee is as set out in the Bank's Schedule of Fees and Charges available at www.cimb.com.my and at all its branches.
1.9 SPECIFIC PROVISIONS APPLICABLE FOR BASIC CURRENT ACCOUNT ONLY 1.9.1 BASIC CURRENT ACCOUNT 1.9.1.1 Account holders of Basic Current Account may carry out the following transactions at no charge: (a) unlimited over the counter 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.	1.9 SPECIFIC PROVISIONS APPLICABLE FOR BASIC CURRENT ACCOUNT ONLY 1.9.1 BASIC CURRENT ACCOUNT 1.9.1.1 Account holders of Basic Current Account may carry out the following transactions at no charge: (a) unlimited over the counter visits; (b) unlimited through online banking services; and (c) unlimited Automated Teller Machine (“ATM”) withdrawals. Interbank GIRO transactions are subject to prevailing fees applicable depending on the channel used to effect the transaction. 1.9.1.2 No overdraft facility shall be permitted under the Basic Current Account. 1.9.1.3 No issuance fee shall be charged for cheque books issued under the Basic Current Account except stamp duty.
3.1 Cheques to operate the Current Account must be in the Bank’s prescribed form and will be supplied by the Bank. Stamp duty on the cheques will be borne by the account holder.	3.1 Cheque books shall only be issued for the Current Account upon request from the applicant. Cheques to operate the Current Account must be in the Bank’s prescribed form and will be supplied by the Bank. Stamp duty on the cheques will be borne by the account holder.
6.1 Interest at the Bank’s prevailing rates will be paid on the Current Account, in accordance with the prevailing practice of the Bank. Notification of the interest rates and any changes to the deposit rates by the Bank will be prominently displayed at the website and made available at Bank’s Banking Halls.	6.1 Interest at the Bank’s prevailing rates will be paid on the Current Account, in accordance with the prevailing practice of the Bank. Notification of the interest rates and any changes to the deposit rates by the Bank will be in accordance with clause 21, prominently displayed at the website and made available at Bank’s Banking Halls.
10.1 The Current Account can be closed by the account holder in person or by sending in a written notification at any time. For joint accounts, the closure of the account must be made in accordance with the terms and/or conditions of the mandate given to the Bank by the account holder.	10.1 The Current Account can be closed by the account holder in person or by sending in a written notification at any time and the account holder is entitled to withdraw up to the full available balance in the account upon closure. For joint accounts, the closure of the account must be made in accordance with the terms and/or conditions of the mandate given to the Bank by the account holder.
10.7 The account holder shall comply with all the Bank’s prevailing requirements for the closure of the Current Account. If the Current Account is closed by the account holder at any time up to 6 months from opening of the Current Account, the account holder must pay the applicable service charges. No service charge will be imposed for the closing of any Senior Basic Current Account which is closed 3 months after opening.	10.7 The account holder shall comply with all the Bank’s prevailing requirements for the closure of the Current Account. If the Current Account is closed by the account holder within three (3) months from the date of the account opening, the account holder must pay the applicable service charges. No service charge will be imposed for the closing of the Basic Current Account which is closed 3 months after opening.
20.2 The account holder also agrees, consents to and authorises the Bank to disclose any information relating to the account holder, the account holder’s affairs, the Current Account and/or any accounts maintained by the account holder with the Bank to: (g) such third parties and for the purpose(s) as identified in the CIMB Group Privacy Notice under the heading of ‘Disclosure of Your Personal Information’ and ‘How We Use Your Personal Information’ respectively. The account holder understands and agrees that the consent given above cannot be withdrawn where such disclosure of the account holder’s information is necessary for the provision of the Current Account, related services or the performance of the contract with the account holder to comply with contractual or legal requirements. any disclosure by the Bank to Group Companies (within Malaysia) may also be for cross selling purposes provided always that disclosure for cross selling purposes shall not be effected if such disclosure is objected by the account holder. The Bank may also disclose the account holder’s information such as name and contact details (excluding the account holder’s affairs or account) to third party business partners and strategic alliance partners for cross selling, marketing and promotional purposes if the consent from the account holder has been obtained. However, the account holder may at any time revoke or withdraw the above- mentioned consent to disclosure of information by the Bank to Group Companies (within Malaysia) and to third party business partners and strategic alliance partners for cross selling, marketing and promotional purposes by contacting the Bank at the following telephone number or address (which may be changed by the Bank from time to time by notice to the account holder): Customer Resolution Unit (CRU). P.O. Box 10338, GPO Kuala Lumpur, 50710 Wilayah Persekutuan. Tel:+603 6204 7788 / e-mail: contactus@cimb.com. Further, where the Bank intends to share the account holder’s information (excluding information relating to the account holder’s affairs or account) with third parties, such as strategic alliances for marketing and promotional purposes, the Bank shall ensure that consent from the account holder has been obtained.	20.2 The account holder also agrees, consents to and authorises the Bank to disclose any information relating to the account holder, the Current Account and/or any accounts maintained by the account holder with the Bank to: (g) such third parties and for the purpose(s) as identified in the CIMB Group Privacy Notice under the heading of ‘Disclosure of Your Personal Information’ and ‘How We Use Your Personal Information’ respectively. The account holder understands and agrees that the consent given above cannot be withdrawn where such disclosure of the account holder’s information is necessary for the provision of the Current Account, related services or the performance of the contract with the account holder to comply with contractual or legal requirements. The Bank may also disclose the account holder’s information (excluding the account holder’s account) to other entities within the Group Companies and/or third parties such as business partners and strategic alliances for marketing and promotional purposes if the prior consent from the account holder has been obtained expressly for such disclosure. However, the account holder may at any time revoke or withdraw the above-mentioned consent for marketing and promotional purposes by contacting the Bank at the following telephone number or address (which may be changed by the Bank from time to time by notice to the account holder): Customer Resolution Unit (CRU). P.O. Box 10338, GPO Kuala Lumpur, 50710 Wilayah Persekutuan. Tel:+603 6204 7788 / e-mail: contactus@cimb.com.
21 RESERVATION OF RIGHTS The Bank may vary (whether by adding to, deleting from or otherwise amending) (“Amendment”) any of these Terms and Conditions by giving the account holder at least twenty-one (21) calendar days’ notice before the Amendment is effective. The notice of the Amendment may be given by: (i) notice of the Amendment being displayed at the Bank’s premises and website generally and where detailed provisions regarding the Amendment may be provided to the account holder upon request or the notice may itself contain details of the Amendment; or (ii) the notice being sent by the Bank to the account holder’s last known address; or (iii) the notice being advertised in one newspaper of the Bank’s choice; or (iv) the notice being sent by electronic mail or by any other means of notification which the Bank may select and the Amendment shall take effect and be binding from the date specified in the notification. The account holder may close the account holder’s Current Account in accordance with Clause 10.1 if they do not agree to the Amendment.	21 RESERVATION OF RIGHTS The Bank may vary (whether by adding to, deleting from or otherwise amending) (“Amendment”) any of these Terms and Conditions by giving the account holder at least twenty-one (21) calendar days’ notice before the Amendment is effective, provided that such Amendment is made for (a) complying with any applicable laws, court order, regulations sanctions and/or enactments or direction of a regulatory or enforcement authority; (b) facilitating changes in the product features, business operations, processes or systems requirements of the Bank and/or its Group Companies that affect all customers of similar products; or (c) such other reasons the Bank may specify in the notice. The notice of the Amendment may be given by: (i) notice of the Amendment being displayed at the Bank’s premises and website generally and where detailed provisions regarding the Amendment may be provided to the account holder upon request or the notice may itself contain details of the Amendment; or (ii) the notice being sent by the Bank to the account holder’s last known address; or (iii) the notice being advertised in one newspaper of the Bank’s choice; or (iv) the notice being sent by electronic mail or by any other means of notification which the Bank may select and the Amendment shall take effect and be binding from the date specified in the notification. The account holder may close the account holder’s Current Account in accordance with Clause 10.1 if they do not agree to the Amendment.

Current Clause

Amendment/New Clause

1.3 The Bank may refuse to accept an application for the opening of a Current Account.

1.3 The Bank may refuse to accept an application for the opening of a Current Account and provide reason for refusal.

1.4 The Bank may decide on the minimum sum that needs to be deposited in order to open the Current Account. The minimum sum required to be deposited to open a Basic Current Account and/or Senior Basic Current Account is RM500. The Bank may however change this at any time.

1.4 The Bank may decide on the minimum initial deposit required to open a Current Account. The minimum initial deposit required to open a Current Account is published on the Bank’s website and available at its branches, and no minimum balance is required thereafter. The Bank may change the minimum deposit amount at any time by giving notice to the applicant in accordance with clause 21 below.

1.5 The Bank will impose a service charge on the Current Account in June and December each year if the average balance in that account is less than RM1,000.

1.5 The Bank will impose a service fee on the Current Account in June and December each year if the average balance in that account is less than RM1,000 during the relevant half year period. The applicable fee is as set out in the Bank's Schedule of Fees and Charges available at www.cimb.com.my and at all its branches.

1.9 SPECIFIC PROVISIONS APPLICABLE FOR BASIC CURRENT ACCOUNT ONLY

1.9.1 BASIC CURRENT ACCOUNT

1.9.1.1 Account holders of Basic Current Account may carry out the following transactions at no charge:

(a) unlimited over the counter 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.

1.9 SPECIFIC PROVISIONS APPLICABLE FOR BASIC CURRENT ACCOUNT ONLY

1.9.1 BASIC CURRENT ACCOUNT

1.9.1.1 Account holders of Basic Current Account may carry out the following transactions at no charge:

(a) unlimited over the counter visits;

(b) unlimited through online banking services; and

Interbank GIRO transactions are subject to prevailing fees applicable depending on the channel used to effect the transaction.

1.9.1.2 No overdraft facility shall be permitted under the Basic Current Account.

1.9.1.3 No issuance fee shall be charged for cheque books issued under the Basic Current Account except stamp duty.

3.1 Cheques to operate the Current Account must be in the Bank’s prescribed form and will be supplied by the Bank. Stamp duty on the cheques will be borne by the account holder.

3.1 Cheque books shall only be issued for the Current Account upon request from the applicant. Cheques to operate the Current Account must be in the Bank’s prescribed form and will be supplied by the Bank. Stamp duty on the cheques will be borne by the account holder.

6.1 Interest at the Bank’s prevailing rates will be paid on the Current Account, in accordance with the prevailing practice of the Bank. Notification of the interest rates and any changes to the deposit rates by the Bank will be prominently displayed at the website and made available at Bank’s Banking Halls.

6.1 Interest at the Bank’s prevailing rates will be paid on the Current Account, in accordance with the prevailing practice of the Bank. Notification of the interest rates and any changes to the deposit rates by the Bank will be in accordance with clause 21, prominently displayed at the website and made available at Bank’s Banking Halls.

10.1 The Current Account can be closed by the account holder in person or by sending in a written notification at any time. For joint accounts, the closure of the account must be made in accordance with the terms and/or conditions of the mandate given to the Bank by the account holder.

10.1 The Current Account can be closed by the account holder in person or by sending in a written notification at any time and the account holder is entitled to withdraw up to the full available balance in the account upon closure. For joint accounts, the closure of the account must be made in accordance with the terms and/or conditions of the mandate given to the Bank by the account holder.

10.7 The account holder shall comply with all the Bank’s prevailing requirements for the closure of the Current Account. If the Current Account is closed by the account holder at any time up to 6 months from opening of the Current Account, the account holder must pay the applicable service charges. No service charge will be imposed for the closing of any Senior Basic Current Account which is closed 3 months after opening.

10.7 The account holder shall comply with all the Bank’s prevailing requirements for the closure of the Current Account. If the Current Account is closed by the account holder within three (3) months from the date of the account opening, the account holder must pay the applicable service charges. No service charge will be imposed for the closing of the Basic Current Account which is closed 3 months after opening.

20.2 The account holder also agrees, consents to and authorises the Bank to disclose any information relating to the account holder, the account holder’s affairs, the Current Account and/or any accounts maintained by the account holder with the Bank to:

(g) such third parties and for the purpose(s) as identified in the CIMB Group Privacy Notice under the heading of ‘Disclosure of Your Personal Information’ and ‘How We Use Your Personal Information’ respectively.

The account holder understands and agrees that the consent given above cannot be withdrawn where such disclosure of the account holder’s information is necessary for the provision of the Current Account, related services or the performance of the contract with the account holder to comply with contractual or legal requirements.

any disclosure by the Bank to Group Companies (within Malaysia) may also be for cross selling purposes provided always that disclosure for cross selling purposes shall not be effected if such disclosure is objected by the account holder.

The Bank may also disclose the account holder’s information such as name and contact details (excluding the account holder’s affairs or account) to third party business partners and strategic alliance partners for cross selling, marketing and promotional purposes if the consent from the account holder has been obtained.

However, the account holder may at any time revoke or withdraw the above- mentioned consent to disclosure of information by the Bank to Group Companies (within Malaysia) and to third party business partners and strategic alliance partners for cross selling, marketing and promotional purposes by contacting the Bank at the following telephone number or address (which may be changed by the Bank from time to time by notice to the account holder): Customer Resolution Unit (CRU). P.O. Box 10338, GPO Kuala Lumpur, 50710 Wilayah Persekutuan. Tel:+603 6204 7788 / e-mail: contactus@cimb.com.

Further, where the Bank intends to share the account holder’s information (excluding information relating to the account holder’s affairs or account) with third parties, such as strategic alliances for marketing and promotional purposes, the Bank shall ensure that consent from the account holder has been obtained.

20.2 The account holder also agrees, consents to and authorises the Bank to disclose any information relating to the account holder, the Current Account and/or any accounts maintained by the account holder with the Bank to:

The Bank may also disclose the account holder’s information (excluding the account holder’s account) to other entities within the Group Companies and/or third parties such as business partners and strategic alliances for marketing and promotional purposes if the prior consent from the account holder has been obtained expressly for such disclosure.

However, the account holder may at any time revoke or withdraw the above-mentioned consent for marketing and promotional purposes by contacting the Bank at the following telephone number or address (which may be changed by the Bank from time to time by notice to the account holder): Customer Resolution Unit (CRU). P.O. Box 10338, GPO Kuala Lumpur, 50710 Wilayah Persekutuan. Tel:+603 6204 7788 / e-mail: contactus@cimb.com.

21 RESERVATION OF RIGHTS

The Bank may vary (whether by adding to, deleting from or otherwise amending) (“Amendment”) any of these Terms and Conditions by giving the account holder at least twenty-one (21) calendar days’ notice before the Amendment is effective. The notice of the Amendment may be given by: (i) notice of the Amendment being displayed at the Bank’s premises and website generally and where detailed provisions regarding the Amendment may be provided to the account holder upon request or the notice may itself contain details of the Amendment; or (ii) the notice being sent by the Bank to the account holder’s last known address; or (iii) the notice being advertised in one newspaper of the Bank’s choice; or (iv) the notice being sent by electronic mail or by any other means of notification which the Bank may select and the Amendment shall take effect and be binding from the date specified in the notification. The account holder may close the account holder’s Current Account in accordance with Clause 10.1 if they do not agree to the Amendment.

21 RESERVATION OF RIGHTS

The Bank may vary (whether by adding to, deleting from or otherwise amending) (“Amendment”) any of these Terms and Conditions by giving the account holder at least twenty-one (21) calendar days’ notice before the Amendment is effective, provided that such Amendment is made for (a) complying with any applicable laws, court order, regulations sanctions and/or enactments or direction of a regulatory or enforcement authority; (b) facilitating changes in the product features, business operations, processes or systems requirements of the Bank and/or its Group Companies that affect all customers of similar products; or (c) such other reasons the Bank may specify in the notice. The notice of the Amendment may be given by: (i) notice of the Amendment being displayed at the Bank’s premises and website generally and where detailed provisions regarding the Amendment may be provided to the account holder upon request or the notice may itself contain details of the Amendment; or (ii) the notice being sent by the Bank to the account holder’s last known address; or (iii) the notice being advertised in one newspaper of the Bank’s choice; or (iv) the notice being sent by electronic mail or by any other means of notification which the Bank may select and the Amendment shall take effect and be binding from the date specified in the notification. The account holder may close the account holder’s Current Account in accordance with Clause 10.1 if they do not agree to the Amendment.