Current Account-i


Current Account-i

Enjoy the convenience of a checking account for your business with our Shariah-compliant Current Account-i.

Overview

chequeFree chequebook with option to receive notification for cheque clearance
statementsHassle-free updates with monthly account statements mailed directly to you
Business Internet BankingRound-the-clock service with Business Internet Banking
FASTInstant fund transfer via FAST at only S$1 per transaction

Eligibility



Who can apply

  • Sole proprietors
  • Partnerships
  • Limited Liability Partnerships (LLP)
  • Incorporated Companies
  • Charities
  • Societies
  • Associations

Documents Requirement

  • Click here to view the list of required documents for account opening

Initial Deposit

  • S$1,000


Account opening is subject to the Bank's approval.

Fees and Charges


Description
Fees and Charges
Fall-below fee (per month)S$15
When the monthly average balance falls below S$10,000
Compensation FeeA compensation fee of 1% p.a. on amounts overdrawn shall be charged
Early Account Closure
(within 6 months)
S$50 early account closure fee, if the account is closed within 6 months of opening
Others
Please click here to view the other Bank charges applicable for Current Account



Useful Links

TOP

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.



Please select your online banking application

  • Regional Cash
         Management
  • Trade and Supply Chain


Online Security

Find out how we've made M2U secure — and how you can keep your online banking experience worry free.