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Personal Financial Services
Commercial Banking
Payment Services
Outward Payments
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Cashier's order
Next day collection
Singapore dollar
• Service charge
• Replacement of Cashier's order
US dollar
• Service charge
• Replacement of Cashier's order
S$5
S$20
US$20 or equivalent
US$40 or equivalent
Same day collection
• TMD withdrawal
- Issue to self
- Issue to 3rd party
• Closure of account
- Issue to self
Additional S$10
Waived
Additional S$10
Waived
Singapore dollar payments to banks in Singapore (MEPS)
• At the branch
• Through internet banking
S$20 per item
S$5 per item
Demand drafts
Debited from a Singapore dollar account
0.125% commission (min. S$25, max. S$150) plus cost of cable, if any
Debited from a foreign currency account in the same currency
0.125% commission (min. S$25, max. S$150) plus 0.125% commission in lieu of foreign exchange (min. S$25, max. $150) plus S$20 agent charge, cost of cable, and postage if any
Same day service
Normal-next working day
S$10
Postage for mailing to overseas beneficiary
S$10
Cancellation of draft
Without replacement
Draft returned to bank
S$20 plus cost of cable plus overseas charges, if any
With replacement
Draft returned to bank
S$40 plus cost of cable plus overseas charges, if any
Stop payment of draft
Without replacement
S$40 plus cost of cable plus overseas charges, if any
With replacement
S$60 plus cost of cable plus overseas charges, if any
Telegraphic Transfers
Outward remittances in US dollar (for amount up to $500) from HSBC Singapore accounts to non-resident client's HSBC Indian in favour of own name
Outward remittances in Singapore dollar (any amount) from non-HSBC Singapore account
FREE
S$20
Non-US dollar Telegraphic Transfers
Customer instruction
Commission
Commission in lieu of foreign exchange
Cost of cable
Debited from Singapore dollar account
0.125% (min. S$20, max. S$100)
N.A.
min. S$20, max. S$40
Debited from a foreign currency account in the same currency
0.125% (min. S$20, max. S$100)
0.125% (min. S$25, max. S$150)
min. S$20, max. S$40
US dollar Telegraphic Transfers
Charge options
Cable Charge @S$20
Commission
(Bene Deduct @ US$25)
Corresponding Bank Charges
Charges shared by remitter and beneficiary (SHA)
Pay by Remitter
Pay by Beneficiary
Pay by Beneficiary
(amount varies)
Charges paid by beneficiary (BEN)
Pay by Beneficiary
Pay by Beneficiary
Pay by Beneficiary
(amount varies)
Charges paid up-front by remitter (OUR) (Remitted amount is protected)
Pay by Remitter
N.A.
Pay by Remitter - Upfront US$30
Investigations (initiated by customer)
Cost of cable
S$40 per cable plus agent charges, if any
Document retrieval charges
• Within 6 months
S$50 per month
• Between 6 to 12 months
S$100 per month
• Between 12 to 24 months
S$200 per month
• More than 24 months
S$400 per month
Singapore Dollar Deposit Rates
Foreign Currency Deposit and Exchange Rates
PFS Tariffs 2008 printable version
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Inward Payments
Remittances
Credit to account
FREE
For cash payment in Singapore dollars
•
Up to S$10,000
•
Above S$10,000
S$20
S$50
For cash payment in the form of foreign notes in the same currency of remittance
•
Up to S$10,000
•
Above S$10,000
S$20 commission plus 1% commission in lieu of foreign exchange (min. S$20, max. S$100)
S$50 commission plus 1% commission in lieu of foreign exchange (min. S$20, max. S$100)
Foreign currency cheque deposit
Purchase/ Collection for value of cheques:
< S$10
FREE
S$10 to < S$20
S$3 postage
S$20 to < S$50
S$5 commission plus postage of S$3
S$50 and above
0.125% commission (min. S$25, max. S$100) plus postage of S$3
Transit interest
Charge will apply for cheques purchased
Drawee bank charge will be deducted from cheque proceeds and courier charges
(if any)
.
Investigations
( Initiated by customer)
• Cost of cable
S$40 per cable plus overseas bank charges, if any
Inward telegraphic transfer request
Handling fee for overseas HSBC customers
S$20 per request
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Travellers' Cheques
Purchase travellers' cheques
Debited from Singapore dollar account
1% commission (min. S$10)
Debited from a foreign currency account in the same currency of travellers' cheques purchased
1% commission (min. S$10, max. S$100) plus 0.125% commission in lieu of foreign exchange (min. S$10, max. S$150)
Encashment
In Singapore dollars
0.125% commission (min. S$10, max. S$100) waived for cheque issued by the HSBC Group plus postage of S$3.
In foreign currency notes
0.125% commission (min. S$10, max. S$100), waived for cheque issued by the HSBC Group plus 1% commission in lieu of foreign exchange (account holder min. S$20, non-account holder min. S$35) plus postage of S$3
For credit to account
< S$10
FREE
S$10 to < S$20
S$3 postage
S$20 to < S$50
S$5 commission plus postage of S$3
S$50 and above
0.125% commission (min. S$10, max. S$100) plus postage of S$3
Transit interest
Charge will apply for crediting to foreign currency account.
All fees stated are subject to prevailing GST.
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