Foreign Currency Cheque Deposit

Local USD cheques are cleared for free. Non-local USD cheques require a minimum of 21 working days to clear, and is charged a clearing fee of 1/8% of the cheque value (min. S$10 and max. S$100).

Type of Currency Charges Funds available after
USD cheques cleared via Singapore USD Cheque Clearing System Free 1 Working Day (deposited before 1pm)
Other Currencies (non-SGD) and USD (non- local clearing) 1/8% (min. S$10, max. S$100) per cheque Minimum of 21 working days

More information

  • Refer to Deposit a Cheque for details to be provided on the cheque.
  • Cut off time for USD cheque deposit is 1pm (Mon to Fri) at all branches.
  • Cheque currencies not accepted for deposit: CNH [Chinese Renminbi (Offshore)], DKK [Danish Kroner], CHF [Swiss Franc], NOK [Norwegian Krone], NZD [New Zealand Dollar], SEK [Swedish Krona] & ZAR [South African Rand].
  • MYR cheque with amendment(s) will be returned by registered mail to customer's registered address in bank's record.
  • Foreign Currency cheques will be sent for clearing and your account will be credited after the proceeds are available.
  • Supporting documents are required for clearing of cheque amount above MYR10,000.00 and any amount of THB cheque. e.g. Payment invoices, Dividend advice, Insurance advice, etc.
  • Postage, Handling Commission, Agent charges and any other fees (where applicable) will be debited separately.
Was this information useful?

We welcome your feedback

Information is easy to understand and find
Information is useful to answer your inquiries completely