facebookWhat bank is the singlife account tied to? - Seedly

Advertisement

Anonymous

11 Jun 2020

Saving Hacks

What bank is the singlife account tied to?

Since they are an insurance brand, there should be an authorised bank for Singlife right?

Discussion (3)

What are your thoughts?

Learn how to style your text

Get up to S$35 when you sign up for Singlife Account, the insurance savings plan + Singlife Visa Debit Card and Grow, the investment-linked policy. Use my link or invite code below👇
https://app.singlife.com/sOC0KFfD
Invite code: sOC0KFfD

To qualify, follow the steps below -
Pre-requisite: Sign up & fund the Singlife Account + activate the Singlife Visa Debit Card to be able to receive your credits & get S$5 for doing so
Step 1: Sign up for your FIRST Grow policy, if you’d like to get additional S$30 credits
Step 2: Watch your credits grow in your Singlife Account. Welcome your friends onboard today - the more the merrier!

Hey there, it is not tied to any bank. From their FAQ,

Singlife Account is an insurance savings plan that credits interest and offers flexibility to make top ups and withdrawals (using FAST with a bank account) with no lock in and charges.

The Singlife account provides insurance coverage to policyholders in the event of death and terminal illness. It is neither a bank savings account nor a fixed deposit.

They are, however, a direct life insurer licensed by the Monetary Authority of Singapore (MAS) and all Singlife policies, including the Singlife Account are covered under the Policy Owners’ Protection (PPF) Scheme administered by Singapore Deposit Insurance Corporation (SDIC)​​​

The SingLife account is not a bank savings account. It is a insurance savings plan. Do refer to thei...

Write your thoughts

Advertisement