{"id":3132,"date":"2010-05-29T17:20:24","date_gmt":"2010-05-29T09:20:24","guid":{"rendered":"https:\/\/daily.sg\/?p=3132"},"modified":"2022-04-18T21:45:52","modified_gmt":"2022-04-18T13:45:52","slug":"deposit-us-check-in-singapore-read-this-first","status":"publish","type":"post","link":"https:\/\/daily.sg\/2010\/05\/deposit-us-check-in-singapore-read-this-first\/","title":{"rendered":"Deposit US Check In Singapore? – Read This First!"},"content":{"rendered":"\n

I have recently deposited 2 US checks<\/strong> (in U.S. dollar) into my accounts with POSB (DBS Bank)<\/em> and Citibank Singapore<\/em> respectively, and I found out the clear disadvantage of depositing it into DBS Bank VS the subsidiary of the American bank. <\/p>\n\n\n\n

Based on my bank statements, DBS Bank has 3 types of additional fees<\/strong>: commission, postage and agent charges for clearing my US check, while Citibank Singapore has NONE! Here are the details:
<\/p>\n\n\n\n

DBS Bank<\/u><\/strong><\/p>\n\n\n\n

US Check: US$29.85<\/strong>
After Conversion: S$40.86<\/p>\n\n\n\n

LESS<\/em>
Commission: S$10.00
Postage: S$4.00
Agent Charges: US$5.00 (S$6.92)<\/p>\n\n\n\n

What I received: S$19.94<\/strong> – I’ve lost S$20.92 to the additional fees!<\/p>\n\n\n\n

Citibank Singapore<\/u><\/strong><\/p>\n\n\n\n

US Check: US$89.70<\/strong>
After Conversion: S$121.43<\/p>\n\n\n\n

What I received: S$121.43<\/strong><\/p>\n\n\n\n

I shall be depositing all my US checks into my account with Citibank Singapore<\/strong> from now onwards. <\/p>\n\n\n\n

If you think there’s a better option or the above information is misguided in any way, please share with us in the Comment Form below!<\/p>\n","protected":false},"excerpt":{"rendered":"

I have recently deposited 2 US checks (in U.S. dollar) into my accounts with POSB (DBS Bank) and Citibank Singapore […]<\/p>\n","protected":false},"author":8,"featured_media":6488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[487],"tags":[491,489,488,493,494],"_links":{"self":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/3132"}],"collection":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/comments?post=3132"}],"version-history":[{"count":2,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/3132\/revisions"}],"predecessor-version":[{"id":6271,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/3132\/revisions\/6271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/media\/6488"}],"wp:attachment":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/media?parent=3132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/categories?post=3132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/tags?post=3132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}