WHY CIMB CHARGE RM15?

Getting slapped with unjustified fees is something we all dread, and bank charges are no exception. If you're a CIMB customer, you may have noticed a RM15 charge on your account statement. It's natural to wonder why you're being charged this fee and what you can do about it.

Understanding CIMB's RM15 Charge

CIMB's RM15 charge is an annual fee for maintaining your savings or current account. It's important to note that this fee is only applicable if your account balance falls below a certain threshold. For savings accounts, the threshold is RM2,000, while for current accounts, it's RM1,000.

If your account balance drops below these thresholds, you'll be charged RM15 on a monthly basis. This means that you could end up paying up to RM180 in fees per year.

Do You Have to Pay the RM15 Charge?

The good news is that you don't have to pay the RM15 charge if you maintain a sufficient balance in your account. Simply ensure that your account balance is always above the threshold amount, and you'll avoid these fees.

If you're struggling to maintain the minimum balance, you can consider opening a different type of account that doesn't have a monthly fee. CIMB offers several other account options that may be better suited to your needs.

Alternatives to CIMB Accounts

If you're looking for a bank account with no monthly fees, consider the following options offered by CIMB:

• CIMB Preferred Savings Account: This account has no minimum balance requirement and offers a competitive interest rate.

• CIMB Islamic Savings Account: This account is Shariah-compliant and also has no minimum balance requirement.

• CIMB Junior Savings Account: This account is designed for children under the age of 18 and also has no monthly fee.

These are just a few of the options available, so be sure to do your research and find an account that fits your needs.

Conclusion

CIMB's RM15 charge is an annual fee that is only applicable if your account balance falls below a certain threshold. It's important to maintain a sufficient balance to avoid these fees. If you're unable to do so, there are other account options available that may be better suited for you.

FREQUENTLY ASKED QUESTIONS:

1. Why does CIMB charge RM15?

• CIMB charges RM15 as an annual fee for maintaining your savings or current account if your account balance falls below the minimum threshold.

2. How can I avoid paying the RM15 charge?

• You can avoid paying the RM15 charge by maintaining a sufficient balance in your account. For savings accounts, the threshold is RM2,000, while for current accounts, it's RM1,000.

3. Are there any other account options available without the RM15 charge?

• Yes, CIMB offers several other account options that don't have a monthly fee, such as the CIMB Preferred Savings Account, CIMB Islamic Savings Account, and CIMB Junior Savings Account.

4. What is the minimum balance requirement for the CIMB Preferred Savings Account?

• The CIMB Preferred Savings Account has no minimum balance requirement.

5. Is the CIMB Islamic Savings Account Shariah-compliant?

• Yes, the CIMB Islamic Savings Account is Shariah-compliant.