Best bank in Singapore?
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if u are only 17 and no job, just go with POSB lah.
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never go OCBC
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i think put ur money in the biscuit tin is safer.
buy those old golden colour tin where there's a plastic window in the opening and when you see it empty, you will also feel like topping up.
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Originally posted by limywv:
But I've heard that with POSB account, you cannot use their debit card for online transaction or tethering with my paypal account?
can la, their orange colour debit card is a mastercard also what.
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i use posb :]
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piggy bank is the best choice imo..........i myself dont have a bank account too ^-^
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Ah long pte ltd..
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Originally posted by limywv:
Alright, I'm a 17 year old student with no job. Now I'm quite interested in the prospect of opening my own bank account, because I think the monthly account statement will provide me a massive incentive to save up my pocket money.
Before I get flamed for being lazy, I'd also like to say that I've done my research, but it isn't explicitly stated.
So can anyone give me some details? e.g. like which bank is the best for me to park my cash with?
http://www.uob.com.sg/personal/deposits/savings/tx_account.html -
Go for POSB. I suggest that you deposit S$500 to open an account.
Initial deposit for Personal Savings account opening:-
POSB - S$1
Most other banks – S$3000
Minimum Daily Balance to be maintained for the month:-
POSB - S$500
Most other banks – S$3000
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Originally posted by limywv:
omg sians POSB for those under 21 years also must maintain $500 ?
No such thing as under 21 maintain $500. All ages also must maintain $500 Monthly Average Balance (MAB), else $2 svc charge.
If your funds are tight, then open a POSB account as their MAB is $500. If you have more funds, consider a OCBC or a UOB account, cos their queue at ATMs is always shorter than POSB/DBS ATMs.
U can use a POSB ATM card at a DBS machine, and vice vesa.
U can use a UOB ATM card at OCBC machine, and vice vesa. The first 2 withdrawals in the monthly is free (If u use a UOB ATM card on OCBC ATM or vice vesa), subsequently, a svc charge of $0.15 is applicable per withdrawal.
Every bank will have their fair share of people critising them. Personally I prefer using OCBC's banking systems.
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Originally posted by kira.sg:
Go for POSB. I suggest that you deposit S$500 to open an account.
Initial deposit for Personal Savings account opening:-
POSB - S$1
Most other banks – S$3000
Minimum Daily Balance to be maintained for the month:-
POSB - S$500
Most other banks – S$3000
Hi!
Initial deposit for "most other banks" savings account is $1000. $3000 is usually for current or checking accounts.
Min daily balance for "most other banks" savings account is $1000. $3000 is usually for current or checking accounts.
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POSB is really the best bank in singapore, now.
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for the longest time my posb acct was < $500. hehe.
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X2
i suggest saving in a biscuit tin better.. calculating the interest rate of let say 10k the interest rate a month stated in your bank statement is not even enuff for you to take bus to deposit the money and a return journey back..
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I have a POSB Passcard account. I get the statement mailed to me every month, and I use the atm and giro services only. Therefore I never go to their branches. Their queues are always super long.