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Samantha Ong
14 Aug 2020
Seedly Student Ambassador 2020/21 at Seedly
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Jairaj Kumaraguru-Ng
13 Aug 2020
Operations Analytics at Singapore Management University
Liquidity looks pretty good so far, I just tried a transfer out of the account and it was in my spending account (DBS) within a matter of minutes. If you won't need it for URGENT use, I think it's a great palce to store your emergnecy funds, and let it do some extra work for you.
On top of that the account comes with a debit card you can use for payments if really neccessary, but other than 0 forex fees the debit card doesn't come with much other perks, so I wouldn't use it as my main card.
Use my referral link when you sign up to get $10!
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Gideon Ng
13 Aug 2020
Blogger at FI Pharmacist
Hi Anon,
I don't quite like SingLife's liquidity. On the app, it says that it can take up to 3 hours for the money to be transferred to the account, though most of the time it has been transferred within 10-15mins. I'm not willing to take the risk of placing all of my emergency funds in SingLife, as I could encounter an emergency that requires the cash upfront.
This is why I would prefer to leave some of my emergency fund in a savings account. With FAST transfers and being able to withdraw from the ATM, a savings account is the best place to put your emergency fund, although the interest rate is quite low.
I'm using a combination of both the JumpStart account and SingLife for my emergency funds.
To find out more about emergency funds and my strategy, you can read my article here.
If you are interested to find out more about the SingLife Account, you can read my review here.
SingLife is offering a $10 referral bonus to both you and me if you sign up using my referral link. For more information on the referral (you will need to carry out some steps first to be eligible for the bonus), you can refer to the end of my article.โโโ
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Michael Wong
12 Aug 2020
Seedly Student Ambassador 2020/21 at Seedly
Withdraw anytime, it works like a DBS Paylah (wallet) with embedded insurance. However, it still has a poor interface with some errors, but it shouldn't be much of a problem.
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Tan Yu Ji
12 Aug 2020
Economics at Nanyang Technological University
I have been using Singlife for about 2 months now and i think it is very good. It has been giving me...
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I have been using Singlife for awhile now. Liquidity has been great so far. Most of the time, the withdrawal takes just seconds but sometimes there will be some error and this takes a few minutes and at most up to 15 mins before i can transfer money.