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Guide to bank fees in Singapore
The complete list of bank fees and charges.

Financial institutions may have reduced their service charges over the years to remain competitive, but the banking remains a fee heavy industry. We pay billions every year to banks so we can access our money.
For the majority of day-to-day transactions, it isn’t hard to find a ‘fee-free’ account; however, most institutions are the same in terms of telephone banking fees, overseas transaction fees, ATM withdrawals and overseas payments.
We’ve put together an A – Z guide on bank fees covering everything from ATM withdrawal fees, statement fees through to fee waivers.
Jump straight to the guide >>>
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The A – Z Guide on Bank Fees
A | ATMs
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C | Cheque-related fees
Account closure
Cash and coin services
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D |
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F |
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G | GIROShort for General Interbank Recurring Order, GIRO is an arrangement with your bank to make payments directly to a billing organisation for any outstanding bills. There’s usually no fees and charges for setting up or terminating a GIRO arrangement with your bank.
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I |
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L |
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M |
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P |
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R | Replacement feesFree debit, credit and travel card replacement is a feature of some accounts.
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T | Overseas telegraphic transfers.The fees for sending money to a bank account in another country. You’ll pay more to send money overseas from a bank branch than online. Processing fees from the receiving bank can also apply. Looking at DBS bank’s overseas telegraphic transfer fees:
If you’re looking to send money overseas, you can get a far better deal using a non-bank provider.
Telephone bankingYou may be required to pay a fee for telephone banking transactions, but most institutions offer services via phone banking free of charge. |
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The fees and charges listed are current at the time of writing and are subject to change.
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