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