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Personal Financial Services
Commercial Banking
Deposits
Singapore Dollar Savings Account
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Minimum initial deposit
S$500
Minimum balance fee
Statement savings account
S$2 if the average daily balance for the month falls below S$2,000 (waived for Basic banking account).
This fee is waived if you qualify for Basic banking account (only applicable to Singapore citizens or permanent residents earning a monthly income below S$2,000) and are a recipient of the MCDS Public assistance scheme or Special grant scheme.
Passbook savings account (existing only)
S$5 if the average daily balance for the month falls below S$2,000
Account closure fee
Account closed within 6 months from the opening date
S$40
Replacement of ATM/ Debit card/ Passbook
FREE
Singapore Dollar Deposit Rates
Foreign Currency Deposit and Exchange Rates
PFS Tariffs 2008 printable version
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Singapore Dollar Current Account
Minimum initial deposit
S$500
Minimum balance fee
S$5 if the average daily balance for the month falls below S$3,000
Account closure fee
Account closed within 6 months from the opening date
S$40
Unauthorised O/D interest
Prime + 5% (min. debit interest S$10)
Stop Payment
- at branch
- through Personal Internet Banking/ Phone Banking
S$20 per request
S$10 per request
Returned cheque due to lack of funds for:
- 1st and 2nd occasions
- 3rd occasions and thereafter
Returned cheque due to technical reasons
S$50
S$100
S$10
Replacement of ATM/ Debit card/ Passbook
FREE
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Multi Currency Savings Account
Minimum initial deposit
S$2,000 or equivalent
Minimum balance fee
S$2 if the average daily balance falls below S$2,000
Account closure fee
Account closed within 6 months from opening date
S$40
Commission in lieu of foreign exchange
For cash deposit/ withdrawal made in the same currency as account
1% handling commission (min. S$10, max S$100)
Transaction fees
$5 per branch transaction (waived if transaction performed through internet banking)
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PowerVantage
Minimum initial deposit
S$500
Minimum balance fee
PowerVantage account
S$6 if the average daily balance for the month falls below S$5,000
ePowerVantage account
S$6 if the average daily balance for the month falls below S$2,000
Monthly service fee
S$2
Account closure fee
Account closed within 6 months from the opening date
S$40
Unauthorised O/D interest
Prime + 5% (min. debit interest S$10)
Stop Payment
- at branch
- through Personal Internet Banking/ Phone Banking
S$20 per request
S$10 per request
Returned cheque due to lack of funds for:
- 1st and 2nd occasions
- 3rd occasions and thereafter
Returned cheque due to technical reasons
S$50
S$100
S$10
Replacement of ATM/ Debit card/ Passbook
FREE
HSBC Infinity Privileges
• Minimum Balance Fee
• Monthly Service Fee
• Infinity Service Fee
Waived
Waived
S$30 per month (charged only if Total Relationship Balance falls below S$100,000. Total Relationship Balance includes deposits, investments and/or insurance)
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Foreign Currency Savings Account
Minimum initial deposit
US$500 or equivalent
Minimum balance fee
The respective minimum balance service charge will be levied where the average balance for the month is less than the required minimum sum stipulated for the respective account
Currency
Average daily balance
Minimum balance fee
US dollar
USD800
USD4
Sterling pound
GBP800
GBP4
Australian dollar
AUD800
AUD4
Hong Kong dollar
HKD7,000
HKD30
Japanese yen
JPY100,000
JPY500
Euro
EUR800
EUR4
Canadian dollar
CAD800
CAD4
Account closure fee
Account closed within 6 months from the opening date
US$40 or equivalent
Commission in lieu of foreign exchange
Charged when a cash deposit/ withdrawal is made in the same currency as account
1% handling commission (min. S$10, max S$100)
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Foreign Currency Current Account
Minimum initial deposit
US$500 or equivalent
Minimum balance fee
The respective minimum balance service charge will be levied where the average balance for the month is less than the required minimum sum stipulated for the respective account
Currency
Average daily balance
Minimum balance fee
US dollar
USD800
USD4
Sterling pound
GBP800
GBP4
Australian dollar
AUD800
AUD4
Hong Kong dollar
HKD7,000
HKD30
Japanese yen
JPY100,000
JPY500
Euro
EUR800
EUR4
Account closure fee
Account closed within 6 months from the opening date
US$40 or equivalent
Commission in lieu of foreign exchange
Charged when a cash deposit/ withdrawal is made in the same currency as account
1% (min. S$10, max S$100)
Stop payment
- at branch
- through Personal Internet Banking/ Phone Banking
US$20 or equivalent per request
US$10 or equivalent per request
Return cheque due to lack of funds for :
- 1st and 2nd occasion
- 3rd occasion and thereafter
Returned cheque due to technical reasons
US$30 or equivalent
US$50 or equivalent
US$10 or equivalent
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Time Deposit
Singapore dollar time deposits
Minimum deposit
1 to 12 month(s) deposits
S$5,000
Overnight deposits
S$1 million
Foreign currency time deposits
Currency
Minimum deposit
US dollar
USD25,000
Sterling pound
GBP25,000
Australian dollar
AUD25,000
Hong Kong dollar
HKD100,000
Japanese yen
JPY10,000,000
Euro
EUR25,000
Canadian dollar
CAD25,000
Swiss Franc
CHF25,000
New Zealand dollar
NZD25,000
(figures indicated are in respective currency)
Interest payment will be calculated at bank's discretion for pre-mature withdrawals.
All fees stated are subject to prevailing GST.
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