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Outward Telegraphic Transfer
Service Charges
| Outward Telegraphic Transfer (OTT) |
| Handling commission |
| Account-holder |
Debit from SGD/foreign currency account
1/8% of S$ equivalent of remittance amount, subject to minimum S$10 and maximum S$120
Debit from SGD account via iBanking (only for remittance amount below S$25,000)
S$5 for debiting amount equal to or below S$5,000;
S$10 for debiting amount above S$5,000 |
| Commission-in-lieu of exchange where no foreign exchange is involved |
| - If debiting from customer's foreign currency account (for payment to 3rd party only) |
1/8% of the S$ 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) |
| Cable/Telex charge |
S$20 |
| Agent bank charges |
Where applicable |
| Standing Instruction for OTT |
| One-time sign up fee |
S$20 |
| Amendment fee |
S$10 |
| Processing charges for OTT i.e. handling commission, commission-in-lieu of exchange, cable/telex charge and agent bank charges (where applicable) in above table will apply. |
| Cancellation/Stop Payment |
S$15 per transaction |
| Amendment fee |
S$10 per transaction |
| Tracer |
S$20 per transaction | |
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