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POSB Newton Branch POSB deposit and cash withdrawal machines located at Bugis MRT station. On 24 July 1998, the Ministry of Finance announced the acquisition of POSBank by DBS Bank, [11] [12] which was fully acquired on 16 November 1998 for S$1.6 billion, [3] at the same time, ceased to exist as a statutory board under the Ministry of Finance.
As of 31 December 2015, POSB had total assets valued at US$133.7 million, with $63.81 million in customer deposits and made an after-tax profit of US$7.9 million in the calendar year 2015. [ 2 ] As at that time, the bank had over 500,000 savings accounts, maintained 34 brick and mortar branches, [ 3 ] operated 220 agency branches through ...
NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
Setting up a recurring transfer from checking to savings at the same bank is one way to automate your savings. Having your money in a savings account rather than a checking account can help ...
Singapore, later renamed POSB Bank; Kenya, also known as the Kenya Post Office Savings Bank; Austra, also known as the Österreichische Postsparkasse; Zimbabwe, later renamed the People's Own Savings Bank; Note that some of these institutions are no longer affiliated with a postal service, often as a result of privatization
In Singapore, POSB Bank was established in 1877 as the Post Office Savings Bank. [28] Today, it now operates as part of DBS Bank , after its acquisition on 16 November 1998. [ 29 ]
Most savings accounts let you set up a recurring transfer at a specific interval, allowing you to automate your savings, remove temptation to spend it, and grow it without thinking about it.
You can also set up a recurring transfer into Acorns. In November 2023, the Mighty Oak Debit Card was launched by Acorns along with actor and retired professional wrestler Dwayne Johnson. Like ...