Trade and Remittances Services Fees

 Letters Of Credit (LCs)

 Issuance Of LCs:

    • Sight /Usance LC

1/8% per month, min ¼% (min. S$75)

    • Usance LC Acceptance

1/8% of bill amount per month, from LC expiry date to due date (min. S$75)

 LC Amendments:

   • Increase of LC value

1/8% per month, min. ¼% (min. S$75)

   • Extension of LC Expiry

1/8% per month of outstanding balance (min. S$75)

   • Other Amendment

S$75 flat *

* New Rates (effective 1 May 2008)

Payment of Local Letter of Credit (LC) Issued by UOB

Local LC in Singapore Dollar

1/8%, min. S$75

Local LC in Foreign Currency

1/8%, min. S$75

Shipping Guarantees

Handling Fee

S$50 flat
For documents not under LC, the charges for inward bill for collections of 1/8%, min. S$75 will be collected upfront

Unredeemed Shipping Guarantees

½% for every three months, min. S$75*

* New Rates (effective 1 May 2008)

Banker's Guarantees

Local Issuance

1% per annum, min. S$100

Others

Subject to arrangement

Amendment

   • Amount

1% p.a., min. S$100

   • Tenor

1% p.a., min. S$100

   • Other Amendment

S$75 flat*

* New Rates (effective 1 May 2008)

Trust Receipt

   Interest rate

Subject to arrangement

Clean Invoice Financing

   Handling fee

1/8%, min. S$75

   Interest rate

Subject to arrangement

Other Charges for Imports and Exports

** Commission in lieu of exchange
** Commission in lieu of exchange is applicable to all transactions when there is no foreign exchange involved.

1/8%, min. S$50

Fax message (on request)

S$5 per fax

Tracer for investigation

S$30

Advising Of Letters Of Credit (LCs)

Pre-advice of LC (Brief Cable) / Advising Original LC / Advising LC Amendment

   • Account Holder

S$30 flat *

   • Non-account Holder

S$50 flat

Confirmation of Letters of Credit (LC)

Subject to arrangement

Negotiation under Letters of Credit (LC)

Export Bill Negotiation

1/8%, min. S$75

Bank Acceptance

Subject to arrangement

Countersign Letter Of Indemnity To Other Banks (subject to arrangement)

1/8% for two months, min. S$75*

* New Rates (effective 1 May 2008)

Transferable Letters of Credit

Transfer (subject to approval):

   • Full Transfer (without substitution)

Subject to arrangement

   • Partial Transfer

Subject to arrangement

Outward Documentary Collections

Collection Bill in Singapore Dollar

1/8%, min. S$70

Collection Bill in Foreign Currency

1/16%, min. S$70

Unpaid & Returned items

1/8%, min. S$70

Holding Fee for Unpaid Items

S$20 per month (after 2 months’ grace period)

Other Charges for Imports and Exports

** Commission in lieu of exchange
** Commission in lieu of exchange is applicable to all transactions when there is no foreign exchange involved.

1/8%, min. S$50

Fax Message (on request)

S$5 per fax

Tracer For Investigation

S$30

INWARD REMITTANCE FEES

DEMAND DRAFTS DRAWN ON UOB

•

For Encashment Over Any UOB Group Counter In Singapore In Singapore Dollar, Or For Credit To A Singapore Dollar Account Held With UOB Group In Singapore

Free

Credit To A Foreign Currency Account:

•

Held With UOB Group In Singapore

S$5

•

Held With Other Banks

1/8%,min. S$10 + handling fee of S$15 per draft + cable charges

Payment By Cash In Foreign Currency (only upon request and subject to availability)

Up to 1%, min. S$10

INWARD TELEGRAPHIC TRANSFERS (TT)

Credit to an account holder (UOB Group in Singapore)

S$10 or equivalent

Credit to a non-account holder

•

in Singapore Dollar

S$20

•

In Foreign Currency

1/8%, min. S$10 plus cable charges plus agent charges if any

Payment by Cash in Foreign Currency (only upon request and subject to availability)

Up to 1%, min. S$10

OUTWARD REMITTANCE FEES

Demand Draft applications are available at our Branches. For more information, please call us at 1800 226 6121.

DEMAND DRAFTS (DD)

All Accounts (except Global Currency Account & Foreign Currency FD):

•

Via Branches

1/8% (min. S$10, max. S$100)

Debit UOB Global Currency Account

1/8% (min. S$10, max. S$100 with exchange; max. S$300 without exchange)

Foreign Currency FD:

•

To Account Holder

No charges for First DD
S$10 per subsequent DD

•

To Third Party

1/8% (min. S$10, max. S$100 with exchange; max. S$300 without exchange) Subsequent DD, additional S$10 per DD

Stop-payment Of Demand Draft

S$20 + cable charges + agent charges, if any

Cancellation of Demand Draft:

•

All Accounts (except Foreign Currency FD)

S$5 per DD

•

Foreign Currency FD

S$10 per DD

OUTWARD TELEGRPHIC TRANSFERS (TT)

Debit S$ account with UOB

1/8%, min. S$10 max. S$100 plus cable charges plus agent charges if any

Debit Global Currency Account (GCA) in a different currency from the TT

1/8%, min. S$10 max. S$100 plus cable charges plus agent charges if any

Debit Global Currency Account (GCA) in the same currency as the TT

1/8%, min. S$10 max. S$300* plus cable charges plus agent charges if any

Foreign Currency Fixed Deposit Account (FD)

•

To Account Holder

Cable Charge plus agent charges, if any

•

To Non Account Holder

1/8% (min. S$10 max. S$100 with exchange, max. S$300* without exchange) plus cable charges plus agent charges if any

S$ Fixed Deposit Account (FD)

•

To Account Holder

Cable Charge plus agent charges, if any*

•

To Non Account Holder

1/8% (min. S$10 max. S$100 with exchange, max. S$300 without exchange) plus cable charges plus agent charges if any*

* New Rates (effective 1 May 2008)

OTHER CHARGES FOR REMITTANCES

Administrative Charges for amendment / cancellation of telegraphic transfers

S$10 plus cable charges and correspondent banks’ charges and all out-of-pocket expenses, if any

Request for Credit /Debit Advices

•

For transactions done in the last three months

Free

•

For transactions done more than three months ago

S$20 per transaction

SINGAPORE DOLLAR PAYMENTS VIA MAS ELECTRONIC PAYMENT SYSTEM (MEPS)

Incoming Receipts

Free

Outgoing Payments:

S$20 flat *

* New Rates (effective 1 May 2008)

CASH DEPOSIT AND EXCHANGE SERVICES

BULK CASH DEPOSITS*

Type of Bulk Cash Deposit

Revised Charges (Per Account, Per Day)

- For immediate counting and account crediting

- No charge if number of notes deposited does not exceed 500 pieces, or if notes deposited are strictly of S$100-denominations and above.

- If the number of notes deposited exceeds 500 pieces, charges will be imposed based on the total amount deposited for the day as follows:

(* Should total deposit amount exceed S$100,000, S$100 will be charged for every subsequent S$100,000 deposited, or part thereof. This is in addition to the above flat fee of S$100 for this tier.)

- For Money Changers, if number of notes deposited exceeds 500 pieces, a flat fee of 1/8% of the total deposited amount, will be imposed. A minimum fee of $50 applies.

- For deferred counting and account crediting

(Applies to customers who have signed an indemnity)

- No charge if amount deposited is S$25,000 & below, or if notes deposited are strictly of $100-denominations and above.

- If deposit amount exceeds S$25,000, charges will be imposed based on the total amount deposited for the day as follows:

(* Should total deposit amount exceed S$100,000, S$50 will be charged for every subsequent S$100,000 deposited, or part thereof. This is in addition to the above flat fee of S$50 for this tier.)

- The above charges apply to all customers, including money changers.

Note:

COIN DEPOSITS / EXCHANGE

- Coin Deposits

- Free for the first 199 pieces
- S$1 for every subsequent 200 pieces or part thereof

- Exchange of Notes for Coins (by bag)

S$5 per bag**

- Exchange of Notes for Coins (for loose coins)

- Free for the first 199 pieces
- S$1 for every subsequent 200 pieces or part thereof

* Deposits received after the cut-off time of 3pm (Mon - Fri) and/or on Sat will be processed and credited to the account by 11am on the next business day.

** S$1 and S$0.50 denominations: 2,000 pieces per bag; S$0.20 denomination: 2,500 pieces per bag; S$0.10 denomination: 5,000 pieces per bag; S$0.05 denomination: 8,000 pieces per bag

Note: Our coin deposit and exchange services are available every Tuesday and Thursday, from 9.30am to 11.30am.

FOREIGN CHEQUE FOR COLLECTION

For credit to a UOB account

Foreign currency cheques payable within and/or outside Singapore

1/8%, min. S$10 per cheque max. S$50 per cheque plus postage and agent charges (if any)*

* New Rates (effective 1 May 2008)

Standing Instruction via GIRO in S$

Set-up fee for standing instruction

Waived

Amendment fee *

S$5 per amendment
(For payment to S Pass Holders, S$20 per amendment will apply)

GIRO fee

S$1 per transaction

Cancellation / suspension fee

Waived

However, with effect from1 Dec 2005, a S$10 admin fee will be charged for each cancellation / suspension made within six months of set-up or last amendment.

Minimum fee

Nil

Monthly subscription fee

Nil

* New fee effective from 1 Dec 2005

Note: Standing instruction should not be used for salary payment, as companies can sign up for GIRO/Payroll Service via UOB Business Internet Banking Service - please call 1800 226 6121 or click here for more details. However, companies affected by Ministry of Manpower's S Pass regulation may apply for this Standing Instruction via GIRO Service provided the number of S Pass Holders per company should be less than five, and the payment should be fixed for at least six months and payable on fixed date.

CURRENT ACCOUNT

Minimum Initial Deposit

S$1,000

Minimum Balance Fee

S$15 if the average daily balance for the month falls below S$10,000

Cheque Charge

For each account:
- Fees waived for first 30 cheques cleared per month
- S$0.50 per cheque for subsequent cheques cleared per month

Monthly Service Charge

None