Financial Information

Financial Information

Payment

All ICS tuition & fees are stated in Singapore Dollars. ICS accepts payment for school fees in the form of local checks, cash, bank-to-bank, and wire transfers. Checks should be crossed and made payable to “International Community School (S) Ltd." ICS does not accept post-dated checks. For bank-to-bank or wire transfers please ensure the student's name & ID number are referenced to enable us to credit the account correctly. Please email a bank confirmation advice to finance@ics.edu.sg. All bank charges are to be borne by the remitter.

Banking Information

Standard Chartered Bank
Scotts Mall, 1 Scotts Road
#01-01 Shaw Centre
Singapore 228308

Interbank Fund Transfer Instructions:

Bank Code: 7144 (routing number)
Branch Code: #003
Bank Account No.: 0301206570
Account Currency: Sing Dollars
SWIFT Code*: SCBLSG22
Sort Code / BSB No**: N/A

*For international wires only
**Sort code and BSB no. are required for banks located in the U.K.& Australia

Payment Policies 2019-2020


Tuition fees are invoiced on July 1st. Invoices are due for payment within 30 days from the date of invoice. Accounts with an outstanding balance past the due date are subject to a 10% late charge on the remaining balance. Students who are not current on their payments at the beginning of a semester will not be allowed to start classes.

ICS offers two payment options for parents who cannot pay the full year's tuition at the beginning of the school year.

  • Payment in two installments: one before starting school, the 2nd by Dec 1st. Note if the 2nd semester payment is not received by Dec 1st, ICS will not guarantee placement for the 2nd semester.
  • Payment by GIRO: Tuition paid in a maximum of 8 payments, with the last installment due by March 1st.

Contact the finance department, finance@ics.edu.sg, for the forms needed to apply for either of the payment plan options.

 

 

Refund of Fees

Refunds of fees, less the non-refundable re-enrollment fee or application fee, are made according to the schedule below. Re-enrollment Fees or Application Fees paid for a student cannot under any circumstance be transferred or applied to another student's account. Processing time for refund requests is 7 days.

Please refer to the ICS Refund Policy and ICS Refund Procedure for more information.

 

 

Reduction of Tuition for Late Enrollment

Refer to the student contract or the financial information sheet for the schedule of prorated fees for late enrollment.

Transfer & Withdrawal

Please refer to the ICS Transfer Policy and the ICS Withdrawal Policy.



Outstanding Balances

Accounts with an outstanding balance past the due date are subject to a 10% late charge on the remaining balance. Students with unpaid balances at the beginning of the upcoming semester will not be allowed to start classes.


 

Registered with:

 




CPE Reg No: 199303918N

Reg Period: 06/07/19 to 05/07/23

Click here for more information.

For many years ICS has been blessed to be able to offer tuition assistance to full-time missionaries, pastors and vocational Christian workers. All families wishing to be considered for assistance must complete the Financial Assistance Application and submit with the application an official compensation statement and letter from your mission or church organization. All documents must be submitted by March 15th each year.

As outlined in the application, we require each family receiving financial assistance to contribute a minimum of 5 service hours for each 10% tuition discount awarded.

CPE Reg No: 199303918N
Reg Period: 06/07/19 to 05/07/23