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Revision to BOC Business Smart Account Bonus Interest Rates and Corporate Account Fees (Effective 1 February 2019)


2018-12-29

Dear Valued Customer,

We would like to inform you that with effect from 1 February 2019, we will be making the following changes to BOC Business Smart Account bonus interest rates and Corporate Current Account fees.

1. BOC Business Smart Account bonus interest rates

BOC Business Smart Account bonus interest rates and calculation will be changed From 1 February 2019. Instead of rewarding you on incremental balances, we will pay you Balance Bonus Interest from 1st dollar onwards with a minimum monthly average effective balance of $500,000 (in the currency of the Account). Earn additional Online Banking Transaction Bonus Interest of 0.05% if you perform at least 5 successful transactions via our corporate online banking (BOCNet) in a month.

Revised BOC Business Smart Bonus Interest:

Monthly Average Effective Balance
(SGD/USD)
Bonus Interest
Balance Bonus Interest Online Banking Transaction
Bonus Interest rate
SGD Balance
Bonus Interest rate
USD Balance
Bonus Interest rate
First 500,000 0.01% 0.02% 0.05%
Next 1,500,000 0.01% 0.10% 0.05%
Next 3,000,000 0.05% 0.30% 0.05%

Interest rates above are quoted on per annum basis. Rates shown are indicative only and are subject to change without any prior notice. Bonus Interest is only applicable to the first S$5,000,000 of your Account monthly average effective balance and calculated based on the actual number of days in the particular month.

We reserve the right to extend, revise or withdraw the Bonus Interest, and are entitled to vary, delete or amend any applicable terms and conditions at our discretion in whole or part without prior notice or assigning any reason.

2. Corporate Current Account fees

Account Type Account features Existing Fees / Amount Revised Fees / Amount
Singapore Dollar Current Account Minimum Initial Deposit (Corporate) S$2,000 S$30,000
Account Service Charge (Corporate) S$15 per month
(If monthly average balance falls below S$10,000)
S$30 per month
(If monthly average balance falls below S$30,000)
Early Account Closure Fee S$30
(If account is closed within the first 6 months)
S$50
(If account is closed within the first 6 months)
 Foreign Currency Current Account (USD Account) Minimum Initial Deposit (Corporate) US$2,000 US$30,000
Account Service Charge (Corporate) US$6.50 per month
(If monthly average balance falls below US$2,000)
US$30 per month
(If monthly average balance falls below US$30,000)
Foreign Currency Current Account Early Account Closure Fee S$30
(If account is closed within the first 6 months)
S$50
(If account is closed within the first 6 months)
Audit Confirmation Audit Confirmation S$30 equivalent S$50 equivalent

Should you have any enquiries, please call our 24-hour customer service hotline at 1800-66-95566. Thank you for your continuous support.

Bank of China Limited Singapore Branch
29 Dec 2018

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