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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