A fast paced lifestyle requires fast, efficient, and convenient banking service. If you are the type who hates getting held up by long queues and banking hours then CIMB Bank Philippines Inc. (“CIMB Philippines” or “the Bank”) has the perfect solution for you.
CIMB or Commerce International Merchant Bankers formally launched its banking presence in the Philippines January 2019.
The launch event was held at the Manila House Private Members Club in Bonifacio Global City, Taguig, and it was graced by BSP Deputy Governor, Chuchi G. Fonacier, and CIMB Group Chairman, Datuk Mohd Nasir Ahmad.
At the launch, Effendy Shahul Hamid, CEO of Group Ventures and Partnerships, CIMB Group said, “We are extremely pleased to begin serving customers in the Philippines. This completes CIMB’s operating footprint in ASEAN and we look forward to bringing a truly differentiated and digital proposition to the market. Internet and mobile penetration in the Philippines remains one of the highest in the world, a clear sign of the progressive and modern society we hope to serve.”
With this launch modern consumers are given additional options for a simpler, more convenient, and truly hassle free banking.
Vijay Manoharan, CEO of CIMB Philippines, shared details on how CIMB Philippines aims to provide a new banking experience for Filipinos. “Consumers of today and tomorrow need innovative financial solutions that are relevant to their needs as well as help them get ahead and advance their financial well-being, but they don’t necessarily need a physical bank. By offering most of our products via the OCTO app securely, we are offering the next-level any day, any time convenience for our customers by enabling them to effectively ‘carry’ our bank branch in the palm of their hands.”
Meet OCTO by CIMB Bank, a digital mobile bank app that allows you to do your bank errands at your own pleasure. It allows you to save, shop, or pay your bills using your phone. This means you get to fulfill your banking needs safely and securely anytime and anywhere. All you have to do is download the OCTO app from the App Store or Google Play and you’re ready to bank. That’s banking convenience at the palm of your hands.
An account for online purchases and fund transfers is a common banking need for modern consumers. As such it is no surprise to find a CIMB Bank product to meet this need. The Fast Account from CIMB Philippines is a short term savings account that offers a .5% interest per annum. It is indeed fast because you can open an account in just 10 minutes via mobile phone and is valid for only 12 months. There is also no initial deposit nor maintaining balance required for this account. Not just that, you also get a VISA PayWave ATM Debit Card that can be used to withdraw money from 20,000+ ATM machines nationwide
Those who would like to have a long term savings account can avail of the UpSave Account. Opening an UpSave Account takes a bit longer than a Fast Account but it is worth it. This account offers a 2% interest rate per annum which is eight time higher than those offered by a regular bank. Aside from high interest rates, the UpSave account also supports fund transfers and bills payment.
To make transactions more convenient for clients, CIMB Philippines has partnered with 7-eleven and Dragon Pay as customer touch points. If you are keeping an eye out for a simpler, more convenient, and hassle-free way of banking then CIMB Bank might be exactly what you are looking for. You can learn more about CIMB Bank and OCTO by visiting www.cimbbank.com.ph or their facebook page at www.facebook.com/CIMBBankPH.