Current Account
GET THE HEAD START YOU NEED IN YOUR BUSINESS
We cover the basics for you to run your business finances effectively. Tap onto our overdraft facilities* to unlock bigger business potentials, it’s easier with us.
* Subject to eligibility
Our Features
- First 2 cheque books free
- Overdraft facilities (Subject to eligibility)
| Account Balance | Interest Rate |
|---|---|
| $30,000 to below $500,000 | 0.030% p.a. |
| $500,000 to below $1,000,000 | 0.050% p.a. |
| $1,000,000 & above | 0.030% p.a. |
The above rates are subject to change without prior notice.
Other Terms & Conditions
Fees & Charges
| Current Account | Fees & Charges |
|---|---|
| Minimum average daily balance | $2,000.00 |
| Annual fee | $40.00; waived for 1st year |
| Fall- below fee | $35.00 per month (if monthly average balance falls below $2,000.00) |
| Incidental OD interest charge | Prime + 5% on overdrawn amount (min. $30.00) |
| Early account closure fee | $50.00 (for account closed within 6 months of opening) |
| Cheque clearing fees | First 30 cheques per month free $0.50/cheque for subsequent cheques cleared per month |
| Cheque book issuance & replenishment | $5.00 (First 2 chequebooks free) |
| Urgent cheque book request | $30.00 per book |
| Direct marking of cheque | $100.00 per cheque |
| Outward returned cheque | $30.00 per cheque |
| Payment-stopped cheque | $30.00 per cheque; $100.00 per range |
| Cancellation of cheque | Same as payment-stopped cheque |
| Single/Recurring Interbank Transfer via FAST | Transaction Fee – $0.50 per item |
| Purchase of Cashier’s Order | $10.00 |
| Cancellation of Cashier’s Order | $10.00 |
| Payment-stopped Cashier’s Order | $30.00 |
| Cheque retrieval – cheque image | $50.00 + GST per cheque |
| Service charge for large cash deposit | Waived for first $25,000.00 Subsequent amount will be charged at 0.1% (subject to minimum charge of $10.00 per account per day) |
| Coin deposit/withdrawal/exchange service | Every subsequent 100 pieces or part thereof above 50 pieces – $5.00 |
| Audit confirmation fee | $50.00 per account (for current/preceding year) $70.00 per account (for period more than 1 year ago) |