Business Account Fees
| Transfer Method | Token | Transfer In | Transfer Out |
| Bank Transfer | - | Free | 1 XSGD |
| Blockchain Transfer | XSGD | 0.5 XSGD (no transfer fee for amounts <10 XSGD) |
Network Fee Fee Update as of 8th April 2024 |
| Blockchain Transfer | USDC | 0.5 USDC (no transfer fee for amounts <10 USDC) |
Network Fee Fee Update as of 8th April 2024 |
*StraitsX continues to cover any network fees in excess of 5XSGD/5 USDC.
- For inbound XSGD/USDC transfers above 10 XSGD/USDC, 0.5 XSGD/USDC will be charged per transaction.
- For all outbound XSGD/USDC transfers, a network fee will be charged.
This network fee is dependent on the congestion on the blockchain at the time of the transfer. The more traffic on the blockchain, the higher the cost of the network fee. All network fees will be settled in the token itself and are capped at 1 XSGD for Ethereum and Polygon Network.
There will be an update on the Blockchain Transfer Out fees starting 8th April 2024. The fees will be capped at 30 XSGD/USDC for Ethereum network and 1 XSGD for Polygon Network.