| OUTWARD REMITTANCES |
| |
Remit to Self |
Remit to 3rd Party |
| Telegraphic Transfer Note 1 |
Waived |
0.0625% (subject to a minimum of S$9 and a maximum of S$50 (or in each case, its equivalent in the relevant foreign currency)) |
| RMB Remittances Note 1 |
Waived |
S$10 or its equivalent in the relevant foreign currency |
| |
Payable to Self |
Payable to 3rd Party |
| Cable Charges for Remittances |
S$10 or its equivalent in the relevant foreign currency |
| Report Loss of Demand Draft/ Cashier's Order/ Amendment/ Refund/ Cancellation of Instruction |
S$30 or its equivalent in the relevant foreign currency |
| Replacement of Loss Cashier’s Order/Cancellation/Stop Payment |
S$10 per piece or its equivalent in the relevant foreign currency |
| CHEQUE SERVICES |
| Local Cheque Collection (clear via Singapore clearing system)) |
Waived |
| Deposit of Outport Foreign Cheque |
0.125% (subject to a minimum of S$10 or its equivalent and a maximum of S$100 or its equivalent) plus any third party charges which shall be borne by the client |
| ACCOUNT SERVICES |
| Incidental Overdraft Interest Rate |
3% per annum above the Bank's cost of funds |
| Withdrawal before maturity |
No penalty charge. Interest is pro-rated based on actual deposit days, calculated on the prevailing savings account rate of the lowest tier with the corresponding currency (which may be 0%) at the time of withdrawal |
| Loan Prepayment |
Minimum of S$100 or its equivalent in the relevant foreign currency (subject to the terms and conditions of the relevant facility) |
| TRANSFER OF SECURITIES |
| Securities Deposit Fee |
Waived (any third party charges shall be borne by the client) |
| Internal Transfer Fee |
Waived (any third party charges shall be borne by the client) |
| SECURITIES ADMINISTRATIVE FEE |
Account AUM below US$2million: 0.5% per annum on the securities assets holding
Account AUM US$2million or above: Waived
Accrued monthly and payable quarterly in March, June, September and December; subject to a minimum of S$250 (exclusive of GST)/S$272.5 (inclusive of GST) and a maximum of S$2,500 (exclusive of GST) / S$2,725 (inclusive of GST) or its equivalent in the relevant foreign currency per quarter. Note 2 Administrative charges imposed by relevant authorities, securities exchanges, registries or depository agents due to securities transfers or corporate actions, etc. are payable by the customer and are subject to change without prior notice. These charges are subject to 9% GST with effect from 1 January 2024 based on the guidelines of the Inland Revenue Authority of Singapore and the Goods and Services Tax Act 1993. |
| PROCESSING RELATED FEES |
Initial Public Offering
Handling Fee of Listed Securities Note 2 |
Up to 1% of contract value (subject to a minimum of S$100 (exclusive of GST)/S$109 (inclusive of GST) or its equivalent in the relevant foreign currency) plus any third party charges |
| DISCLOSURE OF MONETARY BENEFITS RECEIVABLE BY THE BANK |
| Trailer Commission |
Up to 60% of Annual Management Fee^ ^The Annual Management Fee is a charge levied by a fund manager for managing an investment fund. Please refer to the Fund Factsheet for the details of annual management fee which is available upon request |
| Note 1: Inward/Outward remittance may incur agent banks' charges. Note 2: The fee/charge/commission is subject to 9% GST if the service is provided to a customer who “belongs in Singapore" based on the guidelines of the Inland Revenue Authority of Singapore and the Goods and Services Tax Act 1993. |
Notices
