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Remittance Inward - Telegraphic Transfer

#Products / ItemsCharges
1Credit to a SGD account

Bearer of the charges type Both(SHA) & Beneficiary(BEN) – Waived

 

Bearer of the charges type Applicant(OUR) & Agent fee –  Apply accordingly

 

Applicable to both SGD and FCY

2Credit to a FCY account
3Credit to a Fixed Deposit

Remittance Inward - MEPS (MAS Electronic Payment System)

#Products / ItemsCharges
1Credit to a SGD accountWaived
2Credit to a FCY accountWaived
3Credit to a Fixed DepositWaived

Remittance Outward - Bankers' Cheque

#Products / ItemsCharges
1Account holder

- Payable to Own Name - Waived

- Payable to Third Party
- S$10 per cheque

Remittance Outward - MEPS (MAS Electronic Payment System)

#Products / ItemsCharges
1Outgoing payment for local beneficiary: SGD payment in Singapore

- S$20 per payment for amount equal to or below S$10,000

- S$30 per payment for amount above S$10,000

2Withdrawal from SGD/Foreign Currency Fixed Deposit (payable in own name): SGD payment in SingaporeFree for first payment only
3For overseas beneficiary: SGD payment overseasRefer to charges under Remittance Outward - Telegraphic Transfer

Remittance Outward - Demand Draft

#Products / ItemsCharges
1Account holder: Debit from SGD account or payment by SGD cash0.125% commission (min S$10, max S$100) + agent fee (if applicable) + postage (if applicable)
2Debit from Foreign Currency Account with foreign exchange0.125% commission (min S$10, max S$100) + agent fee (if applicable) + postage (if applicable)
3Debit from Foreign Currency Account without foreign exchange0.125% commission (min S$10, max S$100) + 0.125% commission-in-lieu of exchange (min S$10, max S$100) + agent fee (if applicable) + postage (if applicable)
4Withdrawal from Foreign Currency Fixed Deposit: Issue in own nameFirst draft per day free, every subsequent draft at $20 each
5Withdrawal from Foreign Currency Fixed Deposit: Issue to third party, with foreign exchange0.125% commission (min S$10, max S$100) + agent fee (if applicable) + postage (if applicable)
6Withdrawal from Foreign Currency Fixed Deposit: Issue to third party, without foreign exchange0.125% commission (min S$10, max S$100) + 0.125% commission-in-lieu of exchange (min S$10, max S$100) + agent fee (if applicable) + postage (if applicable)

Remittance Outward - Telegraphic Transfer

#Products / ItemsCharges
1Debit from SGD account or payment by SGD cash0.125% commission (min S$10, max S$100) + agent fee (if applicable) + cable charges (flat rate of S$30)
2Debit from Foreign Currency Account with foreign exchange0.125% commission (min S$10, max S$100) + agent fee (if applicable) + cable charge (flat rate of S$30 or equivalent)
3Debit from Foreign Currency Account without foreign exchange0.125% commission (min S$10, max S$100) + 0.125% commission-in-lieu of exchange (min S$10, max S$100) + agent fee (if applicable) + cable charge (flat rate of S$30 or equivalent)
4Withdrawal from Foreign Currency Fixed Deposit: Payable in own nameAgent fee (if applicable) + Cable charge (flat rate of S$30), subsequent payment is subject to handling fee of S$30
5Withdrawal from Foreign Currency Fixed Deposit: Payable to third party, with foreign exchange0.125% commission (min S$10, max S$100) + agent fee (if applicable) + cable charge (if applicable, flat rate of S$30 or equivalent)
6Withdrawal from Foreign Currency Fixed Deposit: Payble to Third Party, without foreign exchange0.125% commission (min S$10, max S$100) + 0.125% commission-in-lieu of exchange (min S$10, max S$100) + agent fee (if applicable) + cable charge (if applicable, flat rate of S$30 or equivalent)
7Agent upfront charges 

 - USD - 27

 - AUD* - 20/40

 - EUR - 26

 - GBP - 15

 - HKD - 300

 - IDR - 30,000

 - MYR - 15

 - NZD - 25

 - PHP - 500

 - THB - 500

 - Other Currencies - As per fees imposed by Overseas Banks.

 

*For telegraphic transfer within Australia, a charge of AUD20 will apply. For telegraphic outside of Australia, a charge of AUD40 will apply.

Remittance Outward - Cancellations

#Products / ItemsCharges
1Banker’s ChequeS$30 per Banker's Cheque
2Demand Draft / Telegraphic TransferS$30 handling fee + cable charge (if applicable) + agent fee (if applicable; Bank buys back at prevailing OD buying rate)

Remittance Outward - Stop Payment

#Products / ItemsCharges
1Banker’s ChequeS$30
2Demand Draft / Telegraphic TransferS$30 + cable charge (if applicable) + agent fee (if applicable)

Remittance Outward - Amendment & Tracer

#Products / ItemsCharges
1Amendment for telegraphic transferS$30 (excluding amendment fee from corresponding agent, if any)
2Tracer for telegraphic transferS$30 (excluding amendment fee from corresponding agent, if any)

Important Notes & Disclaimer

Note:

1. Commission-in-lieu of exchange is applicable when there is no foreign exchange involved.

2. For non-account holder, payment in foreign currency is subject to Bank's approval.


3. Withdrawal of SGD or Foreign Currency Fixed Deposit by means of outward remittance (Banker's Cheque, Demand Draft or Telegraphic Transfer) is subject to the fee structure as stipulated in the respective sections.


Earnings on foreign currency deposits are dependent on the exchange rates prevalent at the time of maturity or withdrawal, as the case may be; and that adverse exchange rate movements could erase interest earnings completely and reduce the principal amount.

 

Disclaimer
Unless otherwise stipulated, all out of pocket expenses including cost of postage, telecommunication, transportation, correspondences, goods & services tax or agent's charges are for customers' account. Agents' interest will be collected from date of purchase to approximate date of payment.