facebookSinglife requires a minimum $100 in its account, unable to draw out. If you terminate your account, what happens to this $100? - Seedly

Anonymous

08 Jun 2021

Insurance

Singlife requires a minimum $100 in its account, unable to draw out. If you terminate your account, what happens to this $100?

Does the $100 go back to us or do we lose it?

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Gabriel

26 Mar 2020

Undergraduate at National University of Singapore

Hey Anon, there is no lock-in period and you are free to cancel the account anytime with no penalities or whatsoever, there's no minimum balance or fall-below fee etc. So in the event you decide to terminate your account, you should get back your $100.

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