Local Cheque Processing Fee

Local Cheque Processing Fee
SGDUSD
Outward Clearing ChequeSGD0.75 per chequeUSD1.00 per cheque
Inward Clearning Cheque SGD0.75 per chequeUSD1.00 per cheque

Marked Cheques (Direct Marking)

Marked Cheques (Direct Marking)SGD
CIMB ChequesSGD50 per cheque (collect from Presenting Bank)
Other Banks’ ChequesSGD100 per cheque (+ courier charges - if applicable borne by requesting party)

Outward Returned Cheque

Outward Returned ChequeSGDFCY
Due to Insufficient FundsSGD30 per chequeUSD20 per cheque
Due to Other ReasonsSGD30 per cheque
(at the Bank’s discretion)
USD15 per cheque

Inward Returned Cheque

Inward Returned ChequeSGDFCY
Inward Returned ChequeWaivedWaived

Other Cheque Charges

Other Cheque ChargesSGDFCY
Cheque Image RetrievalSGD50 per chequeSGD50 per cheque
Stop PaymentSGD30 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 BanksSGD 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.

 

Switch to digital payments to enjoy swift and secure payments. Discover our range of digital payment solutions to help optimise your business payments. Learn more

 SGDUSD 
Outward Clearing ChequeSGD0.75 per chequeUSD1.00 per cheque
Inward Clearing ChequeSGD0.75 per chequeUSD1.00 per cheque