facebookAre there any spending account with no fall below fee? - Seedly

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Anonymous

09 Aug 2020

Saving Hacks

Are there any spending account with no fall below fee?

I'm currently still using my POSB kids account and it has a monthly fall below fee of $2 if I do not have $500 in it. I want to keep less than $500 in my spending account every month, what alternatives do I have?

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Jie Sheng

09 Aug 2020

Seedly Student Ambassador 2020/21 at Seedly

Hello, FRANK account by OCBC also has no fall below fee. You can check it out as well, hope this helps :)

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Gideon Ng

09 Aug 2020

Blogger at FI Pharmacist

Hi Anon,

If you are 18-26 years old, I would strongly suggest that you create a Standard Chartered JumpStart Account.

It has no fall-below fee, and the debit card has a 1% cashback on any eligible Mastercard transactions. The cashback will be credited to your bank account at the end of each month.

The JumpStart Account would be a good account for you to use as a spending account.

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