Singapore

Revision of Outward Telegraphic Transfer Charges from 1 January 2020


We would like to bring to your attention, revised charges for outward telegraphic transfer with effect from 1 January 2020.


Cable Charges

 Existing ChargesRevised Charges with effect from 1 January 2020Existing ChargesRevised Charges with effect from 1 January 2020
Account TypeBranchesReflex (Internet Banking)
SGD Normal Current Account S$20S$30S$20No changes
SGD BizPower Quad / Quad+ Current AccountS$20S$30S$20No changes
USD Normal Current AccountS$20US$30S$20US$20
USD BizPower Quad / Quad+ Current AccountS$20US$30US$20No changes
Applicable to new and existing customers.

Commission-in-lieu of Exchange#

 Existing ChargesRevised Charges with effect from 1 January 2020Existing ChargesRevised Charges with effect from 1 January 2020
Account TypeBranchesReflex (Internet Banking)
All Accounts$01/8%
(minimum S$10, maximum S$50)
$0No changes
Applicable to new and existing customers.
# Commission-in-lieu of exchange is charged when the account and remitting currency is the same (i.e. no foreign exchange is involved).

For further queries, please call our Customer Call Centre at 1800‑323 0100 or email us at bizpower@rhbgroup.com.

Thank you.


Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.