Terms & Conditions Governing Accounts & Services
Additional Terms & Conditions Governing Accounts & Services
Terms and conditions governing UOB BizTransact
+Preferential FX rate is applicable only for FX contracts amounts equivalent to S$20,000 and above, enquired via eFX platform or via our FX hotline.
#Value Date: For Telegraphic Transfer, it is the date when the Telegraphic Transfer payments are effected while for GIRO Transfer or salary crediting pursuant to a Payroll Request, it is the date falling one (1) day before the actual payment date is effected for the GIRO Transfer or, where applicable, the salary crediting pursuant to a Payroll Request. For example, for payments to be made on October 15 for Giro Transfer or Payroll Request, the Value Date is October 14 i.e. one (1) working day prior to the date when payees' receiving accounts will receive the funds. On October 14, the receiving accounts are credited at the Bank's end-of-day processing (which is around midnight). The receiving accounts can use the funds on October 15. The example given herein is merely for illustrative purposes and is not exhaustive in nature.
* Includes the Shared ATM Network
^ Terms and conditions of the UOB Business Debit Card apply.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member.
For more information on the Deposit Insurance Scheme, please click here.
Please refer to UOB/FEB Insured Deposit. Register for a list of UOB accounts / products that are covered under the Scheme.