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Current Account

SIF > Current Account
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 BalanceInterest Rate
$30,000 to below $500,0000.030% p.a.
$500,000 to below $1,000,0000.050% p.a.
$1,000,000 & above0.030% p.a.
The above rates are subject to changes without prior notice.

Other Terms & Conditions

For corporate
customers only
Initial Deposit of $2,000 is required to open account
Minimum balance required to maintain account

Fees & Charges

Current AccountFees & 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 chargePrime + 5% on overdrawn amount (min. $30.00)
Early account closure fee$50.00 (for account closed within 6 months of opening)
Cheque clearing feesFirst 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 chequeSame as payment-stopped cheque
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 depositWaived 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 serviceEvery 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)

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law.
Deposit Insurance

Click here to learn more about the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011.

Terms & Conditions

Click here for the Terms & Conditions governing Current Account.

Contact Us Today!

6438 7060
Email Us
Branch Locations

Sing Investments & Finance Limited was incorporated in Singapore on 13 November 1964 and was listed on the Singapore Stock Exchange since July 1983.

Head Office

96 Robinson Road #01-01, SIF Building Singapore 068899
Tel: 6305 0300
Customer Service Hotline: 6438 7060
Email: enquiries@sif.com.sg

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