Cash Advance Fee and Interest
Funds Transfer using Credit Card on internet banking will be treated as a Cash Advance and will incur the following fees and charges:
| Cash Advance Fee | 8% of the amount withdrawn per transaction or S$15, whichever is greater. |
| Finance Charges on Cash Advance | Prevailing interest rate of 28% p.a. (subject to compounding if the charges are not repaid in full) on the amount withdrawn, chargeable on a daily basis from the date of withdrawal until receipt of full payment. (Minimum charge: S$2.50). |
Funds Transfer transaction and its respective cash advance fee will be posted in your online statement on the next working day. Interest incurred will only be reflected in your month end statement.