Issue more than 20 cheques in 1 mth got transcation fee?

sbst275 SG

I just received my statement from the bank and there is such transcation fee for cheques? Shocked

^tamago^ SG

i believe so. DBS/POSB Corporate A/C right? Since Yr 2000....

"Corporate customers will be charged according to their monthly usage volume, while individual account holders will be charged on a per cheque-book basis.

From June 1st, the first 20 cheques issued each month by corporate customers will be free, with subsequent cheques issued during the month incurring a charge of 40¢ per cheque.

Individual customers will be charged S$10 per chequebook of 50 leaves. However, from today (April 24), the next chequebook requested will be free of charge. Subsequent chequebooks requested will be charged accordingly."

Source

sbst275 SG

OCBC

^tamago^ SG

whoa. your account what type sia.

Current (Personal) : S$2 per cheque from the 11th cheque onwards per month if monthly average balance falls below S$1,000
Current (Non Personal): S$0.50 per cheque from the 31st cheque onwards per month

PLUS: S$2 per cheque from the 11th cheque onwards regardless of account balance

sbst275 SG

KNS

Like this might as well make all to DBS

sohguanh SG

It seem the banks are trying to penalise customers from using too many cheques. I think they trying to persuade us to turn over to internet/GIRO payment. But sometimes cheque is critical in cases when we pay to say service air con ppl or buy big items putting down deposit and paying our renovation contractor etc.... Usually these are big amount so carrying cash to pay is not practical. Big amount as to > $100 for my definition Twisted Evil

Cheque still has it's place in this internet age. To totally eliminate cheque then ask all companies to accept internet payment lor but I doubt it will take off Mr. Green

ditzy SG

YES. Laughing