Fees and Pricings

Account Management Fees

Account Opening

S$0

Minimum Deposit

S$0

Minimum Balance

S$0

Fall Below Fee

S$0

SGD Transfer Within Singapore

SGD Transfer (Sending and receiving) within Singapore via FAST

Charges are absorbed by Sleek.

S$0

Cross Border Transfer (Charged by Partner Bank)

Outward Telegraphic Transfer

Outward Telegraphic Transfer

Handling commission

Handling commission, or handling charge, is a surcharge that the bank or remittance service provider levies on the money transferred overseas.

As its name suggests, it covers the administrative cost of handling the transaction for you.

0.125% (min S$10, max S$120)

In Lieu Of Exchange (not involving foreign exchange)

0.125% (min $S$10, max S$120)

Cable Charges

When you wish to transfer money from your bank account into an overseas bank account, the bank needs to make contact with the receiving bank.

The time and effort to make contact with the receiving bank is accordingly chargeable as a cable charge. It is almost akin to the fees you must pay when you call your overseas friend on your telco post-paid plan.

The cable charge is typically a fixed fee per transaction, set by the bank or money transfer service provider.

Approximately S$20

Agent Charges

There will always be a receiving bank in an overseas money transfer transaction. The receiving bank is also known as the agent bank. The agent bank will need to liaise with your bank or money transfer service provider to accept and complete the transaction. For these efforts, the agent bank charges a fee.

If Applicable (Approximately S$20)

Amendment / Tracer Charges

Charges apply for each tracer/amendment(e.g. incorrect beneficiary name or account details)

S$30

Additional Miscellaneous Costs

Charges depend on various factors(e.g. agent bank fees or transfer amount)

Dependent on transaction

CBFX transactions via SWIFT

SWIFT - Wire Transfer

SGD 15

CBFX transactions via local routes(SEPA/ACH/FPS/EFT/AusPayNet)

Description

Transaction charges

Sending EUR to Europe (SEPA)

SGD 6.00

Sending USD to US (ACH)

SGD 6.00

Sending GBP to UK (FPS)

SGD 6.00

Sending CAD to Canada (EFT)

SGD 6.00

Sending AUD to Australia (AusPayNet)

SGD 7.00

Sending HKD to Hong Kong (CHATS)

SGD 6.00

Cost savings depiction (SWIFT INTERNATIONAL WIRE TRANSFER)

Previous Model

(NEW) CBFX Model

SGD

SBA USD Equivalent

SBA USD Equivalent

Sending out

$10,000.00

$7,482.16

$7,502.80

Bank charges (SGD)

$60.00

$15.00

% saved on bank charges

75.00%

Inward Telegraphic Transfer

The following SGD 10.00 fees applies to all Inward Telegraphic Transfers, regardless of currency or sending bank of the transaction. This is with respect to DBS, as linked here.

Handling Fee

Charged by receiving bank.

S$10

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