10 Nov '11, 9pm

DBS and POSB customers can soon go to the post office for basic banking services

SINGAPORE - From Jan 3 next year, basic banking services for DBS Bank and POSB customers will be offered at all SingPost branches, following a new partnership between DBS Bank and SingPost. The first-of-its-kind tie-up here will enable customers to conduct banking transactions at 140 outlets, up from the bank's 80 branches currently, said DBS in an announcement yesterday. Banking services available to DBS and POSB customers at post offices include cash withdrawals and cash deposits through NETS. Customers would be required to present their DBS or POSB ATM or debit cards, and authenticate with their ATM card PIN. The minimum withdrawal amount is S$200 and the maximum is S$5,000, while the minimum deposit amount is S$10 and the maximum S$5,000. In addition, customers can also submit a POSB Everyday Savings Account application form through a SingPost branch. DBS corporate ban...

Full article: http://www.todayonline.com/Singapore/EDC111111-0000081/Si...

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DBS and SingPost announce banking services tie-up

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