UOB Conveyancing Account

    • conveyancing accountconveyancing account

      Safeguard your client's conveyancing money for property transactions

    Important Notice:

    We have updated clause 11 of the Terms & Conditions Governing Accounts & Services (Non-Individual Customers).

     

    Overview

    The UOB Conveyancing Account is designed to provide law firms with a convenient and comprehensive solution to safeguard their client's conveyancing money in accordance with the regulatory measures for property transactions.

    Benefits

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    Collect your Cashier's Order from any of the six choice locations

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    receive-cash

    Choice of Normal, Express or Same Day collection of Cashier’s Order

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    Branch Address Collections Hours
    UOB Main Branch 80 Raffles Place UOB Plaza 1 Singapore 048624 Mon - Fri: 9.30am - 4pm
    UOB New Bridge Branch 1 Park Road #01-01/02 Peoples Park Complex Singapore 059108 Mon - Fri: 9.30am - 4pm
    UOB Anson Branch 10 Anson Road #01-01 International Plaza Singapore 079903 Mon - Fri: 9.30am - 4pm
    UOB Toa Payoh Branch Blk 520 Toa Payoh Lorong 6 #02-51 Singapore 310520 Mon - Fri: 9.30am - 6pm
    UOB Tampines Branch 1 Tampines Central 1 #01-01 UOB Tampines Singapore 529539 Mon - Fri: 9.30am - 4pm
    UOB Cash Management Operations Centre 396 Alexandra Road #17-00 Alexandra Building Singapore 119954 Mon - Fri: 10.00am - 5pm
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    CO CollectionDay and time of collectionDay and time for pay-out form to be available for download
    Normal Collection day Two working days1 before collection day, before 5pm
    Express Collection day, after 3.30pm One working day before collection day, before 5pm
    Same Day2 Collection day, after 3.30pm Collection day, before 1pm

    Note 1: 'Working day' refers to weekdays, Mondays to Fridays, excluding public holidays.
    Note 2: Same Day collection is only available on weekdays, Mondays to Fridays, excluding public holidays.

     

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    Peace of mind

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    Information at your fingertips

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    Money in the UOB Conveyancing Account will be subject to stringent checks and controls for both pay-in and pay-out transactions which are processed by a dedicated and experienced UOB team.

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    Track movements of your client’s funds and view daily reports with details of property transactions which may be downloaded or printed from UOB Infinity (digital banking for business) to facilitate reconciliation of your accounts. Find out more

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    Requirements/Fees

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    Requirements

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    • UOB Conveyancing Account is only available to Singapore law firms.
    • No minimum initial deposit requirement for account opening.
    • No minimum average daily balance requirement.
    • No account closure fee for account closed within six months of account opening.
    • MAS Electronic Payment System (MEPS) charges for payment of stamp duties from conveyancing accounts to the Commissioner of Stamp Duties will be waived.

    Please note the cut-off time for such MEPS payments: 3.00pm on Mondays to Fridays (working days only). For instructions received after 3.00pm, the MEPS payments will be effected on the following day.

     

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    Fees will be applicable on each unique pay-in transaction file reference. For more information on the applicable fees, please contact:

    • Your Relationship Manager
    • Corporate Call Centre at 1800 226 6121 (Mondays to Fridays, 9.00am to 6.30pm)
    • Or visit any UOB Group branch

    Note: For Foreign Incorporated Companies, Account Setup Fee of minimum S$500 applies.

     

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    Apply Now

    Call Us

    phone

    Call us at 1800 226 6121

    (Mondays to Fridays, 9.00am to 6.30pm, excluding public holidays)

    Via Branch

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    Locate a branch

     

    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$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

    Please refer to UOB Insured Deposit Register for a list of UOB accounts / products that are covered under the Scheme.

    For more information on the Deposit Insurance Scheme, please click here.

     

    Advisory from the Singapore Police Force

    Your bank account should be for your own use and you are responsible for all transactions made through your bank account.

    Please click here for the full Advisory from the Singapore Police Force – Warning.