RHB

Export Letters of Credit
Advising of Letters of Credit / Amendment
- Preliminary Advice Waived
- Brief Waived
- Full S$30 flat
- Amendment S$30 flat
- Confirmation of LC Min-1/8% per month or part thereof, Min S$150
Negotiation 1/8% Flat, Min S$100
Reimbursements S$100 flat
Acceptance of Draft

Bills under usance LC issued by banks outside Singapore where RHB Bank is the accepting bank.

*or part thereof - refers to 3 days grace, otherwise entire charges for the month applies.
1/8% (per month) or part thereof* from date of acceptance to the maturity date of bill. Min S$100
Countersign Indemnity 1/8% Flat, Min S$150
Max 2 months
Transfer of Documentary Credits
Full Transfer
- Without Substitution 1/8% Flat, Min S$250
- With Substitution 1/8% Flat, Min S$500
Partial Transfer
- Without Substitution 1/8% Flat, Min S$250
- With Substitution 1/8% Flat, Min S$500
Negotiation 1/8% Flat, Min S$100
Amendments
- Increase - Without Substitution 1/8% Flat, Min S$250
- Increase - With Substitution 1/8% Flat, Min S$500
Text Only S$100 Flat
Outward Collections Bill
Handling Charges
- for amendments, on bill amount, whichever is higher
1/8% Flat, Min S$90
Holding Fee S$50 per month
Sight Bill – after 1 month from date of our dispatch
Term Bill – after 1 month from maturity date
Clean Collection / Cheque 1/8% Flat, Min S$20, Max S$100
Import Letters of Credit
Issuance
- Irrevocable / Back to Back 1/8% per month, Min 1/4%
Min S$90 for both Local & Foreign
- Revolving Reinstatement 1/8% per month, Min 1/4%
Min S$90 for both Local & Foreign
- Pre Advice S$50 Flat
- Lengthy Docs Subject to bank discretion
Amendment
- Extend Validity 1/8% per month on o/s balance, Min $90
- Increase Value (Incremental Value) 1/8% per month, Min 1/4% or $90
- Others - Cancellation S$80 Flat
- Others - T&C S$80 Flat
Acceptance Commission - Usance LC LC expiry date till maturity date 1/8% per month or part thereof min S$90
Discrepancy Fees S$100 Flat or equivalent for Bills in Foreign Currency
Document Checking Fee
S$80 Flat
Inward Doc Bills
Amount Overdrawn
1/8% per month on excess portion, Min S$90
Drawing against expired LC
1/8% per month from LC expiry date to payment date, 
Min S$90
1/8% per month on excess portion, Min S$90
Payment of Local LCS Issued By The Bank
Local LC in SGD
1/8% on bill amount, Min S$90 or equivalent
Local LC in Foreign Currency
Payment in SGD
1/8%, Min S$90
Payment in Foreign Currency
1/8%, Min S$90 +1/8% in lieu of exchange Min S$80 or US$60
1/8%, Min S$90 +1/8% in lieu of exchange Min S$80 or US$60
Inward Collections Bill
Handling Charges 1/8%, Min S$90 for both SGD & FCCY
Presentation Fee
- First Presentation Free
- Subsequent S$30 Each
Docs released free of payment
(withdrawal / cancellation)
1/8% Flat, Min S$90
Holding Fee S$50 per month
Sight Bills - 1 month Grace
Term Bills - 1 month Grace
Protest Charges + Protest Fee Charges S$100 + protest fee
Invoice Finance Handling 1/8%, Min S$100
Shipping Guarantee
Handling Charges
- Under own LC S$80 flat
- Under IBC Collection S$100 flat
- Bills not routed through bank 1/8% Flat, Min S$90
Banker's Guarantee
Standard Issuance Performance Obligation
(pricing based on the guarantee period)
up to 1 year
> 1 to 2 years
> 2 years


1.25% p.a. or Min S$100
1.50% p.a. or Min S$100
2.00% p.a. or Min S$100
Performance Guarantee Obligation (Non-Standard) 
up to 2 years 
> 2 years

1.50% p.a. or Min S$100 
1.75% p.a. or Min S$100
Standard Issuance 2.00% p.a. or Min S$100
Financial Obligation 3.00% p.a. or Min S$100
Increase Tenor of Value  1% p.a., Min S$100
Vetting of Bank Guarantee Subject to Bank discretion- Min S$200
Amendments
- Tenor
- Amount
- Others
- Cancellation

Same as Issuance Commission, min S$100
Same as Issuance Commission, min S$100
S$90
S$200, No Refund
Other Charges
Commission-in-lieu 1/8%, Min S$80 / US$60
Dishonour advice for OBC, OBP & IBC S$30 per advice
Postage / Courier As per Incurred
Tracers S$30 per advice

Tools

Telegraphic Transfer (TT) and On Demand (OD) are forms of remittance that RHB Bank provides in order to conveniently aid your personal and business payments.


Telegraphic Transfer (TT)

Be it paying for an overseas purchase or sending money to a studying child, Telegraphic Transfer is the perfect tool to send foreign currency overseas in a timely and secure manner. The benefits of TT are:

  • Fast and safe way, as it goes from one bank to another and directly into an account
  • Easily traced if it gets lost

On Demand (OD)

On Demand rate are applied when purchasing or selling of demand draft, foreign cheque and etc. It is a cheaper method for payments made overseas and funds are cleared through our correspondents in major cities around the world.