Personal Visit
Personal visit is required.- This must be done at the Singapore branch of the bank
Initial Deposit
USD 30,000
Minimum Balance
If monthly average balance falls bellow USD 30,000, a fee of USD 100 is applicable.
Online Banking
View and transactional. Several different packages available. 1 free token upon account signup. Additional token – SGD 20 each.
Debit and Credit Cards
Bank offers personalised Business Debit Card MasterCard with your company’s logo and title on the card face.
Time Required for Account Opening
Up to 1 month, once all requested documents received.
Currencies
Accounts are offered in all major currencies.
Bank Fees
- Outward Remittances
- Telegraphic transfer – 0.125 % (min SGD 10 – max SGD 120)
- Internal transfer – free of charge
Inward Remittances
Incoming transfer – SGD 10
Other fees
- Active accounts – free of charge
- Dormant accounts – free of charge
- Balance /Audit confirmation (within 12 months) –
- USD 25 Bank reference –
- USD 20 Copy of Swift payment – free of charge
- Account maintenance – USD 100 (if balance below required)
- Account closure within 1st year – USD 1,000
- Bank reference letter – SGD 30
- Audit confirmation letter – SGD 50
- Swift copy – SGD 5
