AP-1 Business Account Fees & Charges

Account Pricing

Singapore Registered Company

Offshore Registered Company

1. Deposit fee

1.1 PayNow (in SGD)

Waived

Waived

1.2 Bank transfer

Any bank fees for domestic and international transfers are to be borne by the clients.

Waived

Waived

2. Membership fee

One-time membership fee

SGD1,000

US$5,000

3. Annual fee

Annual fee

SGD 500

USD 1,000

4. Account replacement fee

Account replacement fee

Free for the first replacement


SGD 10 for subsequent replacements

Free for the first replacement


USD 10 for subsequent replacements

5. Fund Return Fee

Clients may request to return their deposit amount (in full or partial) back to their designated accounts, for both domestic and international.


In addition, any bank charges are to be borne by the clients.

Free for one return per month


SGD 40 for each return processed thereafter

USD 50 for each return processed

6. Funds transfer fee

Funds transfer to other Aleta Planet accounts

Free

Free

7. Remittance fee

7.1 Remittance to UnionPay accounts (including China)

2%
(min SGD5 / USD 5, max SGD40 / USD40 when remitting in SGD / USD respectively)

2%
(min SGD5 / USD 5, max SGD40 / USD40 when remitting in SGD / USD respectively)

7.2 Remittance to other Bank Accounts

Same currency


(i) Commission in Lieu of Exchange
0.125% for the 1st USD 50,000; 0.0625% for the rest
(Min USD 20.00, Max USD 200.00)
 
(ii) Remittance Commission
0.125% commission (Min USD 10, Max USD 50)
 
(iii) Processing Fee: USD 50

Different currency pair


0.125% flat (Min USD 20.00, Max USD 100.00)
Processing Fee: USD 50

Same currency


(i) Commission in Lieu of Exchange
0.125% for the 1st USD 50,000; 0.0625% for the rest
(Min USD 20.00, Max USD 200.00)
 
(ii) Remittance Commission
0.125% commission (Min USD 10, Max USD 50)
 
(iii) Processing Fee: USD 50

Different currency pair


0.125% flat (Min USD 20.00, Max USD 100.00)
Processing Fee: USD 50

8. ATM Withdrawal


8.1 ATM Fee Per Withdrawal

SGD5

USD 5

9. Foreign Processing Fee
(where it differs from the account billing currency)

International processing fee

1.8% 

3.0%

10. Lost / stolen card liability

Limited liability if the device storing the Account is lost or stolen or client suspect someone knows the PIN or the Account is used by someone without his authority

SGD100

USD 100