POSB: Charges for Cash deposit

[raysusan]

http://www.dbs.com/posb/doc/deposit/cash_servicefee.pdf


:evil: ..... :evil:

with effect from 1st nov 2011

[Nebbermind]

think mostly businesses who will walk in with $20k cash.


But I cannot figure out the math....0.05% of $20k is $10....how come min is $5?? :?

[caroline3sg]

How about non business like us? They discourage over the counter to relieve the queue? And urge us to use their cash deposit machines? The machines always break down.

[patntee]

Nebbermind:

think mostly businesses who will walk in with $20k cash.


But I cannot figure out the math....0.05% of $20k is $10....how come min is $5?? :?

0.05% is on the excess of $20k actually.

[Nebbermind]

o i c :oops:

[Oppsgal]

caroline3sg:

How about non business like us? They discourage over the counter to relieve the queue? And urge us to use their cash deposit machines? The machines always break down.

Do the internet banking? deposit into another bank, internet bank to this bank account? :rotflmao: since the machines break down...

[Jennifer]

caroline3sg:

And urge us to use their cash deposit machines? The machines always break down.

Must be very unlucky to encounter this \"always break down machine\" all the time.

[pinky]

Jennifer:

caroline3sg:

And urge us to use their cash deposit machines? The machines always break down.

Must be very unlucky to encounter this \"always break down machine\" all the time.

the 2 miserable machines near my place break down at least 3-4 times a week so I told the recep: ask your boss to set up a table so that your contractor can station a technician here full time to service the machines ? :stupid: :slapshead: :stompfeet: :mad: :rant: