BER Benchmark: CIMB Bank MYR FX Rates & Margins
BER Benchmark monitors CIMB Bank exchange rates across the MYR currency corridors tracked by BER. The current average margin versus the mid-market rate is 4.1%.
This average is based on the MYR 10,000 transfer rates currently monitored by BER across the available CIMB Bank currency corridors.
CIMB Bank - Lowest and Highest FX Margins
BER Benchmark ranks the CIMB Bank currency corridors currently monitored for Malaysian ringgit transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a MYR 10,000 transaction.
Receiving an international wire transfer at CIMB Bank
When receiving an international wire transfer at CIMB Bank, you will typically need to provide specific bank codes to ensure the smooth processing of the transaction. Here are the commonly used bank codes for CIMB Bank:
SWIFT Code: The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code for CIMB Bank is CIBBMYKL. This code is used to identify CIMB Bank as the recipient bank in international wire transfers. You or the sender will need to provide this code to ensure the transfer reaches CIMB Bank correctly.
Bank/Branch Code: CIMB Bank also uses a bank and branch code system for domestic transfers within Malaysia. However, for international wire transfers, the SWIFT code mentioned above is the primary code required. The bank/branch code is not typically necessary for international transfers.
Account Number: In addition to the bank codes, you will need to provide your CIMB Bank account number. This account number ensures that the funds are credited to the correct account within CIMB Bank.
When receiving an international wire transfer, it is crucial to provide accurate and complete information to the sender, including your full name, bank account number, and the CIMB Bank SWIFT code (CIBBMYKL). Additionally, it is recommended to communicate with CIMB Bank directly or visit their website to obtain the most up-to-date and accurate information regarding the bank codes required for receiving international wire transfers.