Foreign Currency Cheque Deposit Fees

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 2pm)
Other Currencies (non-SGD) and USD (non- local clearing) 1/8% (min. S$10, max. S$100) per cheque Minimum of 21 working days

Note:
  • 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).
  • Foreign Currency cheques will be sent for clearing and your account will be credited after the proceeds are available.
  • Postage, Handling Commission, Agent charges and any other fees (where applicable) will be debited separately.

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