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Important Notice:

Revision of Cheque Fees from 1 January 2024

 

From 1 January 2024, please note that charges for cheque and cheque book issuance will be applicable as per below.

 

 

Frequently Asked Questions

 

1. What are the charges for the use of cheques?

 

Effective from 1 January 2024 onwards, we will charge S$1.00 for each SGD cheque issued, and US$1.00 for each USD cheque issued.

 


Cheque Currency

Revised Charges 

Cheque Issuance

Cheque Deposit

SGD

SGD 1.00

Free

USD

USD 1.00

Free

 

 

For cheque book, we will charge S$10 for each SGD cheque book, and US$10 for each USD cheque book.

This fee will be waived for all Preferred customers.

 

 Cheque Book Currency

Cheque Book Revised Charges

SGD

SGD 10

USD

USD 10

 

2. When will these cheque charges be implemented?

 

From 1 January 2024, we will charge S$1.00 for each SGD cheque issued, and US$1.00 for each USD cheque issued. For customers aged 60 and above, charges will be automatically waived and reflected in the account in the following month.

 

3. Will these cheque charges be applicable for both SGD and USD cheques?

 

Yes, the fees will be applicable for both SGD and USD cheques.

 

4. Will I be charged for cheque deposit?

 

No, the fees are only applicable for cheque issuance.

 

5. What are the alternative payment methods that I can use?

 

Individual customers are encouraged to explore alternative payment modes which are faster and more convenient.

  • FAST
  • GIRO
  • PayNow
  • MEPS+