IBF-STS
The IBF Standards Training Scheme (IBF-STS) is a funding initiative provided by the Institute of Banking & Finance Singapore (IBF) to support training and assessment programs that are accredited under the Skills Framework for Financial Services.
The scheme is designed to encourage the development of skills relevant to the financial services industry and is available to both company-sponsored and self-sponsored individuals who are Singapore Citizens or Permanent Residents physically based in Singapore.
Which courses are eligible for the IBF Funding?
For AI100, AI200, SE100 and DA100 courses, all Singaporeans and PRs can enjoy up to 70% subsidy of course fees under the IBF Standards Training Scheme (IBF-STS). The remaining course fees can be offset fully or partially with SkillsFuture Credits (for Singaporeans above 25yo) or UTAP subsidy for NTUC Union members.
AI100/ AI200/ SE100 Course Fees
| Trainee Profile | Subsidies ** | Course Fee (Payments before 1 Mar 2024) |
Course Fee Incl. 9% GST (Payments from 1 Mar 2024) |
|---|---|---|---|
| Singaporeans aged 40 years and above | 70% IBF subsidy | $720 | $936 |
| 70% IBF subsidy + $720 SkillsFuture Credits | $0 | $216 | |
| Singaporeans aged 40 years and above who are NTUC Union members | 70% IBF subsidy + $360 UTAP Reimbursement | $360 | $576 |
| Singaporeans aged below 40 years | 50% IBF subsidy | $1,200 | $1,416 |
| 50% IBF subsidy + $1,200 SkillsFuture Credits | $0 | $216 | |
| Singaporeans aged below 40 years who are NTUC Union members | 50% IBF subsidy + $250 UTAP Reimbursement | $950 | $1,166 |
| Permanent Residents | 50% IBF subsidy | $1,200 | $1,416 |
| Permanent Residents who are NTUC Union members | 50% IBF subsidy + $250 UTAP Reimbursement | $950 | $1,166 |
| Others (non-Singaporeans and non-PRs) | 40% Heicoders scholarship | $1,440 | $1,656 |
** Only applicable to course fee of $2,400 (excluding GST).
DA100 Course Fees
| Trainee Profile | Subsidies ** | Course Fee (Payments before 1 Mar 2024) |
Course Fee Incl. 9% GST (Payments from 1 Mar 2024) |
|---|---|---|---|
| Singaporeans aged 40 years and above | 70% IBF subsidy | $630 | $819 |
| 70% IBF subsidy + $720 SkillsFuture Credits | $0 | $189 | |
| Singaporeans aged 40 years and above who are NTUC Union members | 70% IBF subsidy + $360 UTAP Reimbursement | $315 | $504 |
| Singaporeans aged below 40 years | 50% IBF subsidy | $1,050 | $1,239 |
| 50% IBF subsidy + $1,200 SkillsFuture Credits | $0 | $189 | |
| Singaporeans aged below 40 years who are NTUC Union members | 50% IBF subsidy + $250 UTAP Reimbursement | $800 | $989 |
| Permanent Residents | 50% IBF subsidy | $1,050 | $1,239 |
| Permanent Residents who are NTUC Union members | 50% IBF subsidy + $250 UTAP Reimbursement | $800 | $989 |
| Others (non-Singaporeans and non-PRs) | 40% Heicoders scholarship | $1,260 | $1,449 |
** Only applicable to course fee of $2,100 (excluding GST).
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