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:

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:

Thank you for banking with Standard Chartered.