Notices
 Last Revised Date: 25 August 2020

Notice 603 Branches, Places of Business and Automated Teller Machines

Requirements for all banks in Singapore with respect to limitations on branches and places of business they can open, setting up ATMs and ATM networks, and providing debit services on an EFTPOS network.

Issued pursuant to:

Banking Act (Cap. 19) section 55

Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated)
View Notice Notice 603 Branches, Places of Business and Automated Teller Machines (103.6 KB)

This notice applies to all banks in Singapore, with certain exceptions for banks whose home countries have free trade agreements with Singapore.

It covers requirements for:

  • Limits on the number of places of business.
  • Notification requirements for setting up or relocating a place of business.
  • Setting up ATMs and ATM networks.
  • Providing debit services on an EFTPOS network.

Amendment Notes

06 Feb 2008
MAS Notice 603 (Amendment) 2008 takes effect.
19 Oct 2005
MAS Notice 603 (Amendment) 2005 takes effect.
22 Dec 2004
MAS Notice 603 dated 22 December 2004 takes effect.
22 Dec 2004
MAS Notice 603 dated 11 November 2002 and Circular No. BD 26/2003 dated 8 December 2003 are cancelled.