Page
Business Pricing Guide
SGD BUSINESS ACCOUNTS
Fees
Account Charges
Business Entrepreneur Account* S$500 Waived for 1st 6 months. Thereafter, S$15 per month if monthly average balance falls below S$10,000. Business Privilege Account SGD Chequing Account Islamic Banking Account Al-Wadi’ah Current Account S$1,000 S$15 per month if monthly average balance falls below S$3,000.
Minimum Initial Deposit Service Fee
S$5,000 S$20 per month if monthly average balance falls below S$10,000.
S$5,000 S$15 per month if monthly average balance falls below S$10,000.
Early Account Closure Fee Excess Fee (Incidental overdraft charge for accounts without limits) Transaction Fees a) Cheques
S$50 for accounts closed within 1 year of opening Minimum S$30 or Prime + 4.75% p.a. (whichever is higher) on the excess amount.
S$50 for accounts closed within 6 months of opening Minimum S$30 or Prime + 4.75% p.a. (whichever is higher) on the excess amount.
S$50 for accounts closed within 6 months of opening Minimum S$30 or Prime + 4.75% p.a. (whichever is higher) on the excess amount.
S$50 for accounts closed within 6 months of opening Minimum S$30 or Prime + 4.75% p.a. (whichever is higher) on the excess amount.
Standard charges apply per section “Transaction Charges” & “Other Service Charges” in the following pages, unless otherwise mentioned below. Waived for 1st 2 years. Thereafter, S$0.50 per cheque from the 31st cheque onwards (per calendar month). Waived Standard charges apply. S$2 per cheque from the 11th cheque onwards if monthly average balance falls below S$1,000. Standard charges apply.
b) GIRO
S$0.10 per item via Velocity@ocbc for 1st 2 years. Thereafter, S$0.20 per item.
S$0.10 per item via Velocity@ocbc.
Standard charges apply.
c) Velocity@ocbc Digipass d) eAlerts@ocbc
3 Digipasses free Standard charges 1st Digipass free upon account signup. upon account signup. apply. Standard charges apply. S$15 per month for Cash Alerts. Standard charges apply.
Standard charges apply.
GTBBIZPG031008 Co.Reg.No.: 193200032W
Standard charges apply.
*Note: After the first two years, the Business Entrepreneur Account will automatically be converted into the SGD Chequing Account.
Page
Business Pricing Guide
FOREIGN CURRENCY BUSINESS ACCOUNTS
Fees Minimum Initial Deposit Call Account USD Chequing Account USD Business Smart Account US$500 EUR Business Smart Account EUR500
• AUD10,000 • HKD500,000 US$1,000 • CAD25,000 • JPY1,000,000 • CHF25,000 • NZD10,000 • EUR5,000 • USD5,000 • GBP5,000 N.A. US$10 per month if monthly average balance falls below US$1,000.
Service Fee
Waived for 1st 6 months. Thereafter,US$15 per month if monthly average balance falls below US$1,000.
Waived for 1st 6 months. Thereafter,EUR15per monthifmonthly averagebalancefalls belowEUR1,000.
Early Account Closure Fee Excess Fee (Incidental overdraft charge for accounts without limits)
US$20 (or equivalent) for accounts closed within 6 months of opening.
US$20 for accounts US$50 for accounts EUR50 for accounts closed within 6 closed within 1 year closed within 1 year months of opening. of opening. of opening. USD : Minimum US$5 or USD Prime Rate + 2% p.a. (whichever is higher) on the excess amount. Minimum EUR5 or EUR Prime Rate + 2% p.a. (whichever is higher) on the excess amount.
CHF :Minimum CHF8 or CHF Prime Rate + 2% p.a.(whichever is higher) on the excess amount. EUR :Minimum EUR6 or EUR Prime Rate + 2% p.a. (whichever is higher) on the excess amount.
AUD :Minimum AUD10 or AUD USD : Minimum Prime Rate + 2% p.a.(whichever is US$5 or USD Prime Rate + 2% p.a. higher) on the excess amount. (whichever is CAD :Minimum CAD8 + CAD higher) on the Prime Rate + 2% p.a.(whichever is excess amount. higher) on the excess amount.
GBP : Minimum GBP4 + GBP Prime Rate + 2% p.a. (whichever is higher) on the excess amount. HKD : Minimum HKD40 or HKD Prime Rate + 2% p.a. (whichever is higher) on the excess amount. JPY : Minimum JPY700 + JPY Prime Rate + 2% p.a. (whichever is higher) on the excess amount. NZD :Minimum NZD12 or NZD Prime Rate + 2% p.a. (whichever is higher) on the excess amount.
USD :Minimum US$5 or USD Prime Rate + 2% p.a. (whichever is higher) on the excess amount. Minimum Day End Balance to Earn Interest • AUD10,000 • CAD25,000 • CHF25,000 • EUR5,000 • GBP5,000
Co.Reg.No.: 193200032W
GTBBIZPG031008
• HKD500,000 • JPY1,000,000 • NZD10,000 • USD5,000
N.A.
US$1,000
EUR$1,000
Page
Business Pricing Guide
Time Deposits
SGD TIME DEPOSIT
Minimum Initial Deposit S$5,000 Available Tenors 1-12, 18, 24 and 36 months (shorter tenors available for higher amounts) Premature Termination Premature withdrawal fees applicable for withdrawal made prior to maturity.
FOREIGN CURRENCY TIME DEPOSIT
Minimum Initial Deposit • AUD10,000 • CAD25,000 • CHF25,000 • EUR5,000 • GBP5,000 • HKD200,000 • JPY1,000,000 • NZD10,000 • USD5,000 Available Tenors 1, 2, 3, 6, 9 and 12 months (shorter tenors available for higher amounts) Premature Termination Premature withdrawal fees applicable for withdrawal made prior to maturity.
Co.Reg.No.: 193200032W
GTBBIZPG031008
Page
Business Pricing Guide
Transaction Charges
CHEQUES
Cheques Clearing Standard Clearing Fees Outward Returned Cheques (SGD) Outward Returned Cheques (USD) Cheque Retrieval Cheque Retrieval Charges All charges if converted into another currency, are performed at the Bank’s published foreign exchange rates.
Physical Cheque Retrieval Stop Payment Stop Payment (SGD) • via Branch/Business Banking S$30 per cheque Commercial Service Centre • via PhoneBanking/Internet Banking S$15 per cheque Stop Payment (USD) • via Branch/ Business Banking Commercial Service Centre • via PhoneBanking/Internet Banking Loss of Cheque Book Loss of Cheque Book (SGD) • Report via Branch/Business Banking Commercial Service Centre • Report via PhoneBanking/ Internet Banking Loss of Cheque Book (USD) Marked Cheques Direct Marking • OCBC Bank Cheques • Other Banks’ Cheques Foreign Currency Cheques
S$0.50 per cheque from the 31st cheque onwards (per calendar month) S$40 per returned cheque due to insufficient funds US$40 per cheque (due to insufficient funds/ technical reasons) Charges S$21.40 (inclusive of GST) for retrievals of less than 1 year ago S$32.10 (inclusive of GST) for retrievals between 1 to 3 years S$53.50 (inclusive of GST) for retrievals of more than 3 years ago S$53.50 (inclusive of GST) per cheque Charges
US$30 per cheque US$10 per cheque Charges S$60 S$30 US$30 Charges S$40 per cheque S$80 per cheque + Courier Charges (if applicable) Charges Commission Agent Fees Commission- Courier/ in-lieu of Postage exchange N.A. 1/8% commission (min S$30, max S$100) N.A. N.A. If applicable N.A. N.A. N.A. If applicable
Cleared Locally: • USD Cheques Drawn on Local Free Clearing Participating Banks • Other Currency Cheques and USD N.A. Drawn on Non-Participating Banks Sent for Overseas Clearing • In Brunei Dollar • In Other Currencies
S$15 per cheque N.A.
If applicable
Co.Reg.No.: 193200032W
1/8% commission (min S$30, max S$100)
If applicable
GTBBIZPG031008
If applicable 1/4% commission-inlieu of exchange1 (min S$5) If applicable N.A.
Page
Business Pricing Guide
INWARD REMITTANCES
Telegraphic Transfer Credit to Time Deposit Credit to SGD Accounts Credit to FCY Accounts Paid in Cash Credit to SGD or FCY Account: • Drawn on OCBC Bank • Drawn on Other Banks Demand Draft Credit to SGD or FCY Account In SGD Free S$10 Free 1/8% commission (min S$15) In FCY Free S$10 Free 1% commission-in-lieu of exchange1 if no foreign exchange is involved N.A. N.A. Drawn on Other Banks 1/8% commission (min S$30) + Agent fees (If applicable) + postage (If applicable)
N.A. N.A. Drawn on OCBC Bank Free
OUTWARD REMITTANCES
Telegraphic Transfer Account Holder Debit from SGD Accounts or Payment by SGD Cash Commission Agent Fees Commission-in-lieu of exchange N.A. Cable Charge Flat fee of S$20 Flat fee of S$20 Flat fee of S$20
Same/Third Party: If applicable: 1/8% commission fixed fee based on (min S$10, max S$100) remitting currency2
Debit from Foreign Same/Third Party: If applicable: 1/8% commission-in- lieu Currency Account Without 1/8% commission fixed fee based on of exchange1 (min S$25, Foreign Exchange (min S$10, max S$120) remitting currency2 max S$120) Debit from Foreign Currency Account With Foreign Exchange Payment in Foreign Currency Notes Same/Third Party: If applicable: N.A. 1/8% commission fixed fee based on (min S$10, max S$120) remitting currency2
Same/Third Party: If applicable: Minimum 1% commission- Flat fee of 1/8% commission fixed fee based on in-lieu of exchange1 S$20 (min S$10, max S$120) remitting currency2 (subject to currency type) Flat fee of S$20
Withdrawal from Foreign Same/Third Party: If applicable: 1/8% commission-in-lieu Currency Time Deposits 1/8% commission fixed fee based on of exchange1 (min S$25, (min S$10, max S$120) remitting currency2 max S$120)
Co.Reg.No.: 193200032W
GTBBIZPG031008
Page
Business Pricing Guide
OUTWARD REMITTANCES
Cashier’s Order Account Holder Payable to Own Name Payable to Third Party Charges Free S$5 per Cashier’s Order
MEPS (MAS Electronic Payment System) Out-going Payments Incoming Payments Demand Draft Account Holder Debit from SGD Accounts or Payment by SGD Cash Draft drawn in currency country: Debit from SGD Accounts or Payment by SGD Cash Draft not drawn in currency country: Debit from Foreign Currency With Foreign Exchange Commission 1/8% commission (min S$15, max S$100) 1/8% commission (min S$15, max S$100) Same/Third party: 1/8% commission (min S$10, max S$120) Agent Fees N.A. Commission-in-lieu Cable Charge Postage of exchange N.A. N.A. Account Holder S$20 Free Charges
If applicable
If applicable, fixed fee based on remitting currency If applicable, fixed fee based on remitting currency If applicable, fixed fee based on remitting currency If applicable, fixed fee based on remitting currency
N.A.
If applicable, If applicable flat fee of S$20 If applicable, If applicable flat fee of S$20
N.A.
Debit from Foreign Same/Third Currency Account Without party: 1/8% Foreign Exchange commission (min S$10, max S$120) Payment in Foreign Currency Notes 1/8% commission (min S$10, max S$120)
1/8% commission- If applicable, If applicable in-lieu of exflat fee of change1 (min S$25, S$20 max S$120) Minimum 1% If applicable, If applicable commission-inflat fee of lieu of exchange1 S$20 (subject to currency type)
Withdrawal from Foreign Currency Time Deposits Same Party: 1st draft per day free, every subsequent draft at S$20 each Withdrawal from Foreign Currency Time Deposits Third Party: (without foreign exchange) Withdrawal from Foreign Currency Time Deposits Third Party: (with foreign exchange) 1/8% commission (min S$10, max S$120) 1/8% commission (min S$10, max S$120) If applicable, fixed fee based on remitting currency If applicable, fixed fee based on remitting currency
1/8% commission- If applicable, If applicable in-lieu of flat fee of exchange1 (min S$20 S$25, max S$120)
GTBBIZPG031008 Co.Reg.No.: 193200032W
N.A.
If applicable, If applicable flat fee of S$20
Page
Business Pricing Guide
INTERNAL FUNDS TRANSFERS
Charges are applicable per submission made through any OCBC Branch. For funds transfers within OCBC Singapore accounts: For first transactions th transaction onwards Charges Free $5 per transaction
GIRO AND STANDING INSTRUCTIONS
Description Standing Order Instruction Outward GIRO Handling Fee for Outward GIRO via Diskette Outward GIRO Return Inward GIRO Return Charges S$10 per transaction S$0.20 per item S$10 per diskette S$10 per item Up to 50 items: S$0.50 per item 51 to 200 items: S$0.70 per item 201 to 500 items: S$1 per item Above 500 items: S$1.50 per item
CANCELLATIONS / STOP PAYMENTS / AMENDMENTS
Cancellations Description Cashier’s Order Demand Draft Charge (SGD Account) S$10 Charge (Foreign Currency Account) US$5 N.A. Charge (Foreign Currency Account) US$10 per draft N.A. Charge (Foreign Currency Account) N.A. Agent Fee N.A. If applicable If applicable Agent Fee N.A. If applicable If applicable Agent Fee If applicable Cable Charge N.A. If applicable Flat fee of S$20 Cable Charge N.A. If applicable Flat fee of S$20 Cable Charge Flat fee of S$20
S$5 per Cashier’s Order N.A.
Telegraphic Transfer N.A. Stop Payments Description Cashier’s Order Demand Draft Telegraphic Transfer Amendments Description Telegraphic Transfer Charge (SGD Account) S$20 per draft N.A. Charge (SGD Account) N.A.
S$20 per Cashier’s Order N.A.
Co.Reg.No.: 193200032W
GTBBIZPG031008
Page
Business Pricing Guide
Other Service Charges
ATM
Description Lost/Stolen Card Forgotten PIN Damaged Card Shared ATM Overseas ATM OCBC Malaysia & Bank NISP Indonesia ATMs Participating MEPS ATM in Malaysia# Remittance to China Card Replacement Fee/Charges S$5 per card S$5 per card Free S$0.30 charge from third withdrawal onwards per calendar month 3% is levied on the S$ equivalent of the amount withdrawn (min S$5 and max S$20 per transaction) S$2 per transaction S$5 per withdrawal S$15 per remittance4
CASH DEPOSIT MACHINE
Description Cash deposit Charges Maximum 5 deposits per account per day
Co.Reg.No.: 193200032W
GTBBIZPG031008
Page
Business Pricing Guide
eAlerts@ocbc
Service Type Cash Alerts Trade Finance Alerts Cash and Trade Finance Alerts Service Fee S$20 per month (inclusive of GST) 1st 3 months waived. S$20 per month (inclusive of GST) 1st 3 months waived. S$30 per month (inclusive of GST) 1st 3 months waived.
Velocity@ocbc
Package Type Basic Service Package Classic Service Package Charges • 1 free Digipass • Additional Digipasses at S$20 each • 1 free Digipass • Additional Digipasses at S$20 each •Transaction fees apply • 10 free Digipasses • Additional Digipasses at S$20 each • Transaction fees apply • Annual fee of S$500 may apply
Premium Service Package
Account and Statement Service Charges
Description/Services Document/Statement Retrieval Charges (for each monthly statement)
3
Charges Free for the current and previous month (statement only) S$20 for retrievals of less than 1 year ago S$30 for retrievals between 1 to 3 years S$50 for retrievals of more than 3 years ago S$30 per financial year confirmation S$50 per financial year confirmation S$53.50 per financial year confirmation (inclusive of GST) S$30 per letter S$5
GTBBIZPG031008 Co.Reg.No.: 193200032W
Audit Confirmation: Non-Borrowing Customer Borrowing Customer • with retail accounts • without retail accounts Letter of Reference/Foreign Endorsement Retrieval of MT0 Tracers/Investigations
Cable Charge
Page 0
Business Pricing Guide
Cash Deposit/Withdrawal and Exchange Services Charges
CASH DEPOSIT AND EXCHANGE SERVICES AT TELLER COUNTER
Description Coin Deposit Coin Withdrawal Coin Exchange Description Bulk Cash Deposit (not applicable for deposit with denominations of S$00 and above) Coin Charges S$1.50 for every 100 coins deposited or part thereof S$1.50 for every S$50 coins withdrawn or part thereof S$1.50 for every S$50 changed or part thereof Bulk Cash Charges First S$30,000 free per day; every subsequent S$10,000 or part thereof at S$5
DEPOSIT/WITHDRAWAL IN FOREIGN CURRENCY NOTES
Description Deposit/Withdrawal in Foreign Currency Notes
1
Charges Minimum 1% commission-in-lieu of exchange1 (subject to availability of currency types and currency notes)
Commission-in-lieu of exchange is applicable when there is no foreign exchange involved. For Telegraphic Transfer in JPY, the fixed agent fee is applicable only for amounts up to JPY100million. For amounts more than JPY100 million, both fixed agent fee and 3rd party bank charges are applicable. 3 Includes monthly SGD/FCY statement of account, SGD/FCY time deposit interest statements and advices, deposit/withdrawal/debit/credit vouchers. (Retrieval charges debited from FCY accounts will be based on the prevailing buying TT rate applicable.) 4 Applicable to participating China Union Pay member banks only. # Applicable to ATM and Debit Cards only.
2
Oversea-Chinese Banking Corporation Limited Chulia Street OCBC Centre Singapore 0 Business Banking Commercial Service Centre: 00 www.ocbc.com
Information updated as of October 00
Co.Reg.No.: 193200032W
GTBBIZPG031008