Revision of GST rate from 7% to 8% for Safe Deposit Locker Annual Rental Fee and Debit Card Annual Fee with effect from 1 January 2023
Dear Clients,
As you may be aware, Singapore’s Goods and Services Tax (GST) rate will increase from 7% to 8% from 1 January 2023.
Correspondingly, the GST rate applicable to all Standard Chartered Safe Deposit Locker Annual Rental Fees and Debit Card Annual Fees will increase to 8% from 1 January 2023.
Please refer to the list below for Annual Rental Fees of respective Safe Deposit Locker size from 1 January 2023:
| LOCKER SIZE (INCHES) | PERSONAL BANKING (inclusive of 8% GST)
| PRIORITY BANKING (inclusive of 8% GST)
|
|---|
| 4.75″ x 3.5″ x 20.0″ | S$162 | S$81 |
| 7.5″ x 3.5″ x 20.0″ | S$270 | S$135 |
| 8.0″ x 4.0″ x 24.0″ | S$324 | S$162 |
| 10.0″ x 5.0″ x 24 .0″ | S$486 | S$162 |
| 7.5″ x 7.5″ x 18.75″ | S$432 | S$216 |
| 16.0″ x 8.0″ x 24.0″ | SS$756 | S$378 |
| 15.0″ x 7.5″ x 18.75″ | S$648 | S$324 |
| 20.0″ x 10.0″ x 24.0″ | S$864 | S$432 |
Any outstanding Safe Deposit Locker Annual Rental Fees not paid by 31 December 2022 will be subjected to 8% GST from 1 January 2023.
Please refer to the list below for Debit Card Annual Fees from 1 January 2023:
| DEBIT CARD TYPE | PERSONAL BANKING (inclusive of 8% GST)
| PRIORITY BANKING (inclusive of 8% GST)
|
|---|
| Bonus$aver Debit Card | S$20 | Waived |
| XtraSaver Debit Card | S$20 | Waived |
Thank you for banking with Standard Chartered.
