Use low/base/high scenarios over 12 months.
Build three scenarios with local transfer counts, international wire counts, and FX volume. Calculate monthly totals for each bank, then pick the one that’s cheapest in your two most likely scenarios. Don’t chase a single line item; optimise the total.
bank comparison, cost model, scenario analysis
Related FAQs
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What metrics should finance track weekly to stay ahead?
Balances by currency, AR/AP due, FX plan, and exceptions.
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What internal controls should every SME enable?
Enable maker-checker approvals for payments ≥ SGD 5,000, set per-user limits, and maintain a vendor whitelist (approved UENs/IBANs only). Use device binding + biometrics for approvers and turn on dual-channel alerts. Ru
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What’s the simplest reconciliation rule set that actually works?
Uppercase and trim references, extract INV-\d+ to map to invoices, match exact amounts, and mark auto-cleared lines. Send mismatches to a review tab and resolve twice weekly. Export daily CSV/API statements to reduce lag.
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RHB Singapore Overview Services and Account Opening Guide
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Avoid Mistakes When Choosing a Bank in Singapore’s Stable Financial System
FAQ article on bankopensingapore.com
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personal banking: What You Need to Know in 2024
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About the Author
Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source.
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