Banking Fees

GENERAL SERVICES
Corporate Current Account (S$)
Minimum Initial Deposit S$1,000
Minimum Balance Fee (per month) S$35 if the average daily balance for the month falls below S$10,000
Account Early Closure Fee S$50 (for account closed within 6 months of account opening)
Account Setup Fee
(applicable to foreign incorporated companies only) 		S$500 minimum
Branch Processing Fee(s)
(effective from 1 August 2019 for all account openings and updating of signatories processed at UOB Branches) 		For corporate structures1 that consist of multi-layers of shareholdings with shareholders who are foreign entities, a fee of S$1000 is applicable for each layer of delayering.
[1.Processing fee(s) is charged on top of Account Setup Fee applicable to foreign incorporated companies]
Annual Account Fee S$35 (w.e.f. 1 January 2020)
Over-the-counter (OTC) transaction fee $5 per OTC cash deposit /withdrawal
Incidental Overdraft Charge (per month) for deposit accounts without credit limit Prime + 4% payable on overdrawn amount*
[*Subject to minimum S$10 per month for Singapore Dollar Deposit Accounts]
Corporate Global Currency Accounts
Account Setup Fee (applicable to foreign incorporated companies only) S$500 minimum
Branch Processing Fee(s)
(effective from 1 August 2019 for all account openings and updating of signatories processed at UOB Branches) 		For corporate structures1 that consist of multi-layers of shareholdings with shareholders who are foreign entities, a fee of S$1000 is applicable for each layer of delayering.
[1.Processing fee(s) is charged on top of Account Setup Fee applicable to foreign incorporated companies]
Minimum Initial Deposit
US Dollar USD 1,000
British Pound GBP 650
Euro EUR 900
Australian Dollar AUD 1,700
Canadian Dollar CAD 1,700
New Zealand Dollar NZD 2,000
Hong Kong Dollar HKD 7,800
Chinese Renminbi (offshore) CNH 50,000
Japanese Yen JPY 150,000
Swiss Franc CHF 1,500
Minimum Average Daily Balance
US Dollar USD 8,000
Australian Dollar AUD 9,000
British Pound GBP 5,000
Canadian Dollar CAD 8,000
New Zealand Dollar NZD 9,000
Hong Kong Dollar HKD 60,000
Chinese Renminbi (offshore) CNH 50,000
Minimum Balance Fee (per month) if Average Daily Balance falls below Minimum Average Daily Balance
US Dollar USD 28
Australian Dollar AUD 32
British Pound GBP 18
Canadian Dollar CAD 28
New Zealand Dollar NZD 32
Hong Kong Dollar HKD 200
Chinese Renminbi (offshore) CNH 150
Monthly Service Fee
Euro EUR 20
Swiss Franc CHF 20
Japanese Yen JPY 2,600
Account Early Closure Fee S$50 or equivalent (for account closed within 6 months of account opening)
Incidental Overdraft Charge (per month) for deposit accounts without credit limit Prime + 4% payable on overdrawn amount*
[*Subject to the minimum charge in the following respective currency per month:]
US Dollar USD 10
Australian Dollar AUD 9
British Pound GBP 4
Canadian Dollar CAD 8
New Zealand Dollar NZD 10
Hong Kong Dollar HKD 40
Foreign Currency Notes Deposit/Withdrawal Commission-in-lieu Charges
Commission Charges 1% of the transaction amount for like-currency deposit/withdrawal

Minimum Charge:
  • USD10
  • GBP10
  • EUR10
  • AUD20
  • NZD20
  • CAD20
  • CHF20
  • HKD100
  • JPY2,000
CASHIER'S ORDERS
Application by Account Holder S$5 per Cashier's Order
Lost Cashier’s Order with indemnity S$20 per Cashier's Order
Cancel Cashier’s Order with returned CO S$5 per Cashier’s Order
CHEQUES
Cheque Clearing Charges (Issuance)
Cheques S$0.75 per cheque
Local USD Cheques USD$1 per cheque, effective 1st Mar 2024
Cheque Clearing Charges (Deposit)
Local SGD Cheques S$0.75 per cheque
Local USD Cheques USD$1 per cheque, effective 1st Mar 2024
Cheque Book Charges Free until further notice
INTERBANK TRANSFERS VIA GIRO IN S$
Via Business Internet Banking
  • Single/ Recurring
  • Bulk Payment/ Payroll/ Collection
  • Outward GIRO Return
  • Transaction Fee – $0.20 per item
  • Return Item via ACH – $1.00 per item
  • $10.00 per item
Via Manual Form
  • Stop Bulk File/ Item
  • Processing Fee – $5 per file/ item
Via Manual Form
  • Standing Order
  • Setup Fee – Waived
  • Amendment Fee – $5 per amendment (for salary payments, a fee of S$20 per amendment will apply)
  • Transaction Fee – $1 per item
  • Cancellation/ Suspension Fee
    • Waived (if cancellation / suspension made >6 months of set-up or last amendment)
    • S$10 (if cancellation / suspension made within 6 months of set-up or last amendment)
INTERBANK TRANSFERS VIA FAST IN S$
Via Business Internet Banking
  • Single/ Recurring
  • Bulk Payment/ Payroll/ Collection
  • Transaction Fee – $0.50 per item
Via Manual Form
  • Standing Order
  • Amendment Fee – S$5 per amendment (for salary payments, a fee of S$20 per amendment will apply)
  • Transaction Fee – $5 per item
  • Cancellation/ Suspension Fee
    • Waived (if cancellation is made >6 months of set-up or last amendment)
    • S$10 (if cancellation is made within 6 months of set-up or last amendment)
PAYNOW TRANSFERS IN S$
FAST via Business Internet Banking
  • Single/ Recurring
  • Bulk Payment
  • Transaction Fee – $0.50 per item
  • PayNow Lookup Fee – Waived
GIRO via Business Internet Banking
  • Bulk Payment
  • Transaction Fee – $0.40 per item
  • Return Item – $1.00 per item
Registration via Business Internet Banking Waived
Registration via Manual form Waived
Incoming PayNow Transactions
  • Transaction Fee via FAST – $0.20*
  • Transaction Fee via GIRO – Waived
*Enjoy promotional fee waiver until 31 December 2025. Terms & Conditions apply. Click here for more information.
ELECTRONIC DEFERRED PAYMENT IN S$
EDP Free, until further notice
EDP+ Free, until further notice
EDP+ cancellation by payer at the branch Free, until further notice
INTER-ACCOUNT FUNDS TRANSFER
Via Business Internet Banking Waived
At the branch (over-the-counter)
  • SGD to SGD Account
  • Cross-currency Account
  • Global Currency Account (same currency)
  • S$5 per transaction
  • S$15 per transaction
  • S$15 per transaction
ATM FEES
Replacement of ATM Card S$5
Cash withdrawal on UOB ATMs in Singapore Free
Cash withdrawal on shared ATM NETS Free
CashCard statement printing
(For last 10 transactions) 		S$0.20 per statement
(deducted from CashCard)
SAFE DEPOSIT BOX SERVICE
Key deposit S$100 (Refundable upon return of keys)
For more information on rental charges, lost key charges, and availability of our Safe Deposit Boxes, please call our Customer Service Hotline: 1800 226 6121 (9am to 6pm, toll-free).
OTHER SERVICES
Audit Confirmation S$50 per request, or
S$54.50 w/GST (where applicable)
Statement Retrieval Charges All Statements
Current and previous month:   Free
Within 1 year: S$20 per copy
Within 1 to 3 years: S$30 per copy
More than 3 years: S$50 per copy