Local Cheque Processing Fee

Local Cheque Processing Fee
SGD USD
Outward Clearing Cheque SGD0.75 per cheque USD1.00 per cheque
Inward Clearning Cheque  SGD0.75 per cheque USD1.00 per cheque

Marked Cheques (Direct Marking)

Marked Cheques (Direct Marking) SGD
CIMB Cheques SGD50 per cheque (collect from Presenting Bank)
Other Banks’ Cheques SGD100 per cheque (+ courier charges - if applicable borne by requesting party)

Outward Returned Cheque

Outward Returned Cheque SGD FCY
Due to Insufficient Funds SGD30 per cheque USD20 per cheque
Due to Other Reasons SGD30 per cheque
(at the Bank’s discretion)
USD15 per cheque

Inward Returned Cheque

Inward Returned Cheque SGD FCY
Inward Returned Cheque Waived Waived

Other Cheque Charges

Other Cheque Charges SGD FCY
Cheque Image Retrieval SGD50 per cheque SGD50 per cheque
Stop Payment SGD30 per cheque
SGD50 per range
USD20 per cheque
USD30 per range

Foreign Currency Cheques and Demand Drafts

Foreign Currency Cheques and Demand Drafts  
Other Currency Cheques and USD Cheques Drawn on Non-Participating Banks SGD Account:
$10 per cheque + Agent fee (if applicable) + postage

Foreign Currency Account (incl. Brunei Dollar):
0.125% commission (min. $10, max. $200) per cheque + Agent fee (if applicable) + postage
Cheques Payable in Malaysia $10 per cheque + postage

Important Notice:

 

With effect from 1 January 2024, the following charges will apply for all SGD-denominated and local USD-denominated corporate cheque clearing and depositing.

For SGD cheque charges for clearing and deposit : S$0.75 per cheque.

For USD cheque charges for clearing and deposit : USD1.00 per cheque.

 

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  SGD USD 
Outward Clearing Cheque SGD0.75 per cheque USD1.00 per cheque
Inward Clearing Cheque SGD0.75 per cheque USD1.00 per cheque