'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.'
Current account in SGD/USD/EURO/GBP may be opened for individuals /companies /charities / associations/sole-proprietorships/Partnerships. No interest shall be payable on current account. Cheque-books will be issued upon completion of the opening formalities.Minimum initial deposit/Charges
The following minimum deposit[subject to review] is to be maintained during the currency of the account. Fall-below fee of S$20/- shall be levied for balances below the minimum amount.
A fee of S$50/-shall be levied on current account which is closed within six months of operation.Required Documents
(The following documents submitted at the time of opening the account, are indicative/
non-exhaustive, and approval is subject to the Bank's discretion/satisfaction)