Returned Cheque Fees
The charge for every returned cheque is S$40. If the issuer's account goes into an overdraft, an additional minimum overdraft interest fee of S$20 will be charged.
- There is no charge to the cheque recipient.
-
A S$20 (minimum) incidental overdraft (OD) interest will be charged for SGD and Local USD cheques returned due to the following reasons:
- Insufficient Funds
- Effects Not Cleared
- Exceeds Arrangement
- Awaiting Banker’s Confirmation
- A handling Commission of 1/8% (min. S$10, max. S$100) per cheque plus postage of S$6.50 and agent charges (where applicable) will be charged for unsuccessful clearing of other currencies (non-SGD) and non-local USD cheques.
Was this article helpful?
We welcome your feedback
Thanks for your feedback!
We’ll continue to work towards serving you better.
Related Information
Need more help?
Contact support and we'll try to resolve your issue quickly.
Contact Customer Support