Forgot Your ATM Card? Here Are 3 Methods to Still Withdraw Cash In Singapore

 Forgot Your ATM Card? Here Are 3 Methods to Still Withdraw Cash In Singapore

It can be frustrating when you need to withdraw cash only to realise that your ATM card was left at home. Instead of borrowing money out of your friends or colleagues, here are some ways to get cash without an ATM card.

#1 soCash

soCash is really a mobile app service that permits you to withdraw cash from over 1,000 participating shops in Singapore.

You need to select a withdrawal amount and the app will list down the nearest cashpoints according to your current location. The minimum and maximum withdrawal amount at one go are currently $20 and $500 respectively, though most participating shops limit you to definitely $200. After that you can go to the location to scan the QR code, make payment and collect your cash.

DBS and POSB customers could make payment while using DBS PayLah! app or via a direct debit using their DBS/POSB account. For that latter, you have to login to your mobile banking and go into the One-Time Pin (OTP) delivered to your mobile phone.

Standard Chartered Bank customers can access soCash functionality from inside the SC mobile app. Search for the 'Get Cash' in the menu and select soCash. Any cash withdrawal must be authenticated with fingerprint or login credentials and the amount will be debited directly from their bank account.

For users of other accounts, you may make payment through the DBS PayLah! app by registering as a non-DBS/POSB user, after which top-up your PayLah! wallet via FAST transfer out of your banking account. Payments for soCash will be deducted out of this PayLah! wallet.

soCash has a FreeCashprogramme, which rewards users for implementing soCash and referring their friends. FreeCash earned can be used to offset your payment when creating withdrawals. If you have $5 in FreeCash, a cash withdrawal of $50 will need payment of $45 instead. Observe that FreeCash earned are only valid for 30 days and will expire if not redeemed.

#2 UOB Contactless Cash Withdrawal

UOB customers using smartphones with Near Field Communication (NFC) functionality will be able to withdraw cash at selected UOB ATMs.

Prior to presenting this cash withdrawal method, you have to link your UOB Visa or MasterCard Credit/Debit Card to your current or checking account. The credit card must then be included to your Apple Pay or UOB Mighty Pay. Android users also provide the option to include their UOB ATM card to Mighty Pay for contactless withdrawals.

To withdraw cash at the ATM, tap your device on the contactless symbol around the ATM and choose the credit card with ATM access. Once that is done, input your ATM PIN and make your withdrawal.

For convenience, you can input your chosen cash withdrawal settings for your card on UOB Mighty. This allows you to collect the pre-set cash amount once you go into the ATM PIN without studying the usual transaction screens.

#3 Cash Withdrawal Utilizing a Linked Credit Card

For most banks, your credit card can double as an ATM card. This can be done by linking your card to your current or checking account. Just like an ordinary ATM card, cash withdrawals is going to be debited from your account.

This should not be wrongly identified as a credit card cash advance, that you take a short-term loan from the bank against your available borrowing limit. For cash advances, rates of interest are compounded daily and also the minute rates are usually higher than the typical credit cards rates of interest. Additionally, a cash advance fee may also be charged.

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