In recent years, especially after the Covid-19 pandemic, online banking has become insanely popular and for some, it is even their main source of transactions. Online banking has also made some users deem physical banks as unnecessary. Because of this, banks all over the world are reorganising their operations, cutting down the number of branches, and diminishing their usage of office space like never before.
Perhaps Commerce International Merchant Bankers Berhad or better known as CIMB Bank has been affected by this as many of its branches are closing down and merging into other branches. Based on the notice given by CIMB Bank, CIMB Bank and CIMB Islamic Bank will be undergoing yet another branch merger.
Twelve different CIMB Bank branches will close, effective from 17th October, and the Menara LGB branch will close later, effective on 12th December. Many of the closing branches will be merging with a nearby branch, therefore finding them won’t be much of a problem for existing CIMB users. However, this does not apply to all as some branches will be closed and moved to somewhere slightly further than before.
If a CIMB branch where your CIMB bank account belonged to is shutting down, do not panic because your bank account will be transferred to the replacement branch. Your bank account number will not change, and CIMB Clicks can still be used for banking transactions as per usual. Users of these CIMB Bank branches are not required to do anything as CIMB Bank will handle the entire process. Users would also not experience any disruptions whatsoever when using CIMB ATMs across Malaysia to withdraw and transfer money.
So, if you are a CIMB Bank user and heavily rely on the above-mentioned list of closing banks, make sure to prepare all your necessary items and plan ahead. Heads-up to other bank users too as CIMB Bank is not the first (or last) to merge branches.
Source: Leh Leo
Puteri Teja contributed to this article.