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Demand Draft
Service Charges
| Demand Draft (DD) |
| Handling commission |
| Account-holder |
1/8% of S$ equivalent of remittance amount, subject to minimum S$10 and maximum S$120 (minimum S$5.00 for applications via POSB iBanking) |
| Commission-in-lieu of exchange where no foreign exchange is involved |
| - If debiting from customer's foreign currency account |
1/8% of the S$ equivalent of remittance amount, subject to minimum S$10 and maximum S$120 |
| - If payment using same foreign currency cash |
1.5% (for USD, GBP, EUR, JPY, CHF), 2.5% (for AUD), 3.0% (HKD), 5.0% (all other currencies except THB and IDR) |
| Postage charge |
Where applicable |
| Agent bank charges |
Where applicable |
| Standing Order (SO) for DD |
| One-time sign up fee |
S$20 |
| Amendment fee |
S$10 |
| Processing charges for DD of handling commission, commission-in-lieu of exchange, postage charge and agent bank charges (where applicable) in above table will apply. |
| Stop Payment |
S$15 service charge plus cable charges of $20 and agent bank charges (where applicable) per draft |
| Amendment |
S$10 per draft |
| Cancellation |
Free | |
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