Returned Cheque Fees

The charge for every returned cheque is S$40. If the account goes into an overdraft, a minimum overdraft interest fee of S$20 will be charged.

There is no charge to the cheque recipient.

A S$20 (minimum) incidental overdraft (OD) interest will be charged for cheques returned due to the following reasons:

  • Insufficient Funds
  • Effects Not Cleared
  • Exceeds Arrangement
  • Awaiting Banker’s Confirmation

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