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International Banking
General Terms

 

International Banking Service Fees
Telegraphic Transfers

Corporates

POSB Account Holders

Non POSB Account Holders

Handling Commission - 0.5% of amount (min $20.00 ; max $150.00)

Handling Commission - 0.5% of amount (min $20.00 ; max $100.00)

Handling Commission - 0.5% of amount (min $30.00 ; max $100.00)

Bank Drafts Handling Commission - 0.5% of amount (min $30.00 ; max $100.00)

Repurchase $15.00

Request for stop payment $15.00

Clean Collections Clearing commission – 2.5% of amount (min $10.00 ; max $100.00)

Courier charges – regional $20.00 ; International $35.00

Structured Commodity Finance As per fees agreed on each individual deal
Documentary Collections Flat fee of $80.00
Letters of Credit /Import letter of credit Establishment fees – 0.8% per quarter

Amendment fees – 0.2% per amendment

Negotiation fees 0.5%

Export Letters Of Credit Advising Commission -0.3%

Negotiation Commission – 0.8%

Document handling – 0.8%

Issuance of custom declaration forms CD1s- $10.00 per copy

CD3s - $10.00 per copy

TR1s, TR2s, GSD - $5.00 per copy

Exchange Control Applications $10.00 per application

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Investment Banking

The bank offers tax free highly competitive investment banking products namely call accounts, bankers’ acceptances and certificate of deposits.

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Corporate Account

The Bank offers competitive products and services which are tailor made to suit the banking requirements of both large corporates and small to medium enterprises.

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Esteem Banking

Through the private banking arm of POSB, the upmarket and more discerning clientele can enjoy the benefits of priority banking both in POSB branches and dedicated private banking branches.

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