Cheque and Save Account
Modern living demands modern money management solutions. Our Singapore Dollar Cheque & Save account provides you both the convenience of cashless payments and the rewards of attractive daily interest earnings.
At a glance
- Competitive daily interest
- Free cheque book with unlimited cheque writing
Account Features
| Benefits |
|
Account Opening Requirements
- Nationality: Singapore Citizen / Singapore Permanent Resident / Foreigner
- Age: Minimum 18 years old
- Initial deposit: Minimum S$5,000
- Documents required: Identity card / Passport
Additional Information
- You must bring your IC or Passport for verification when opening account at our branch
Key Charges
| Service | Charges |
| Minimum initial deposit | S$5,000 |
| Minimum average daily balance | Account opened BEFORE 1 Feb 2007: S$3,000 Account opened AFTER 1 Feb 2007: S$5,000 |
| Fall-below fee | S$7.50 |
| Monthly service charge | S$2 |
| Unarranged overdraft | Prime + 5%, minimum S$5 |
| Early account closure fee (within 6 months) | S$30 (Personal); S$50 (Corporate) |
For more information, please call our 24-hour Phone Banking on 1800 747 7000 or click on My Request to schedule an appointment to open an account at one of our 18 branches.
Important Note:
This deposit account is eligible for deposit insurance coverage under the Deposit Insurance Act. This deposit account held by or for an individual or a charity, will be insured up to the limits specified in the Deposit Insurance Act. Effective 16 October 2008, the Singapore Government will guarantee all Singapore dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore until 31 December 2010. Guaranteed deposits by the Singapore Government include the following, but exclude structured deposits as defined in the Financial Advisers Act (Cap.110) as well as any deposits pledged, charged or secured as collateral: Savings accounts, Fixed deposit accounts, Current accounts and Bank accounts under the Supplementary Retirement Scheme.
This deposit account is eligible for deposit insurance coverage under the Deposit Insurance Act. This deposit account held by or for an individual or a charity, will be insured up to the limits specified in the Deposit Insurance Act. Effective 16 October 2008, the Singapore Government will guarantee all Singapore dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore until 31 December 2010. Guaranteed deposits by the Singapore Government include the following, but exclude structured deposits as defined in the Financial Advisers Act (Cap.110) as well as any deposits pledged, charged or secured as collateral: Savings accounts, Fixed deposit accounts, Current accounts and Bank accounts under the Supplementary Retirement Scheme.