Bank Deposit Letter

Bank Deposit Letter Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Bank Deposit Letter

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"Need a Bank Deposit Letter for a 12-month fixed deposit of SGD 5 million with quarterly interest payments, to be placed with a Singapore bank by our Hong Kong subsidiary in January 2025."

Document background

The Bank Deposit Letter is a crucial document in Singapore's banking sector, used to formalize deposit arrangements between financial institutions and their customers. This document type is required under Singapore banking regulations and MAS guidelines, particularly when establishing fixed deposits or special deposit arrangements. The letter typically includes essential information such as deposit amount, tenure, interest rates, and applicable SDIC protection. Bank Deposit Letters are particularly important for audit trails, regulatory compliance, and establishing clear terms between parties in Singapore's highly regulated banking environment.

Suggested Sections

1. Bank Details: Full legal name, registration number, and registered address of the bank

2. Account Holder Details: Full name, identification details, and address of the depositor

3. Deposit Terms: Specification of deposit amount, currency, interest rate, and calculation method

4. Duration: Term of the deposit and maturity date specifications

5. Deposit Insurance Notice: Mandatory statement regarding SDIC coverage and protection limits

6. Governing Law: Statement specifying Singapore law as the governing law

Optional Sections

1. Early Withdrawal Provisions: Terms and conditions for early withdrawal, including penalties and notice periods

2. Renewal Terms: Conditions and process for deposit renewal at maturity

3. Special Interest Conditions: Any special interest rate tiers, bonus rates, or conditional interest terms

4. Additional Account Holder Rights: Special rights or privileges granted to the account holder

Suggested Schedules

1. Schedule A - Interest Rate Table: Detailed breakdown of applicable interest rates and calculation tiers

2. Schedule B - Standard Terms and Conditions: Bank's standard terms and conditions applicable to deposits

3. Schedule C - Fee Schedule: Comprehensive list of applicable fees and charges

4. Appendix 1 - Deposit Insurance Scheme Information: Detailed information about the Singapore Deposit Insurance Corporation protection scheme

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking
Financial Services
Wealth Management
Corporate Treasury

Relevant Teams

Treasury
Finance
Compliance
Legal
Operations

Relevant Roles

Bank Branch Manager
Relationship Manager
Treasury Manager
Compliance Officer
Financial Controller

tiktok���˰�

How tiktok���˰� reduced drafting time by 75% for a legal firm

Let's create your Bank Deposit Letter

Authors

Alex Denne

Find the exact document you need

Security Deposit Receipt

Security Deposit Invoice

Rent Deposit Receipt

Real Estate Deposit Receipt

Pre Contract Deposit Agreement

Holding Deposit Agreement

Earnest Money Agreement

Deposit Receipt

Deposit Invoice

Deposit Form

Deposit Contract

Certificate Of Deposit

Term Deposit Form

Term Deposit Application Form

Request For Return Of Security Deposit Form

Rental Deposit Agreement Form

Recurring Deposit Form

Paycheck Direct Deposit Form

Money Deposit Form

Letter Of Direct Deposit

Forfeit Deposit Letter

Fixed Deposit Receipt

Fixed Deposit Form

Fixed Deposit Application Form

Fixed Deposit Account Opening Form

Dispute Security Deposit Deductions Letter

Direct Deposit Form

Direct Authorization Form

Car Deposit Form

Vendor Direct Deposit Form

Security Deposit Agreement Form

Itemized Security Deposit Deduction Letter

Direct Deposit Request Form

Deposit Refund Form

Deposit Application Form

Certificate Of Deposit Form

Cash Deposit Receipt

Standard Direct Deposit Form

Security Deposit Release Form

Vendor Direct Deposit Authorization Form

Earnest Money Deposit Bank Guarantee

Fixed Deposit Letter

Payroll Direct Deposit Form

Bank Deposit Letter

Direct Credit Authorisation Form

Damage Deposit Form

Cash Deposit Form

Direct Payment Form

Direct Deposit Enrollment Form

Check Deposit Form

Rental Deposit Form

Vehicle Deposit Agreement

Damage Deposit Receipt

Security Deposit Return Letter

Security Deposit Form

Security Deposit Demand Letter

Cash Deposit Agreement

Deposit Release Form

Rental Deposit Agreement

Deposit Acknowledgement Receipt

Vendor ACH Authorization Form

Bank Direct Deposit Authorization Form

Bank Deposit Form

Direct Deposit Authorization Form

Direct Debit Authorization Form

ACH Direct Deposit Form

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

tiktok��˰�

How tiktok��˰� reduced drafting time by 75% for a legal firm

�ұ�Ծ��’s Security Promise