My son is 12 years of age, he has been saving his money since he was 9 years old. Now he is planning to open an account to our local bank. We taught him that if he saves money, he can use his money for later situations, at the same time his money is growing little by little. We are no curious if he is qualified to open for his own.
If you’re a serial Grab commuter, you might already have used GrabPay.They also have a number of partner merchants who accept payment using the GrabPay app.You have to top up your GrabPay account in order to use it anyway and honestly, the range of partner merchants isn’t that great and is mostly limited to small neighbourhood businesses. If you’re serious about using an e-wallet for most of your transactions, you will definitely need to download another e-wallet app for day-to-day use.
GrabPay / Gpay Network S
This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app
NETSPay / Electronic Transfers Singapore
Unlike other banks with limits set at $999 or thereabout, if you’re a DBS/POSB customer you can set your daily transfer limit up to S$2,000. There’s also a wallet limit, which caps the amount you can hold in your PayLah! Wallet at any one time, which is up to S$2,000 for DBS/POSB account holders, and S$999 for other users.PayLah! Is a mobile wallet, for making peer to peer payments and spending money in participating stores, restaurants and taxi. You’ll need to have an eligible smartphone and download the PayLah! app to get started
Just PayLah! / DBS Bank
The BOC SG eWallet is a new mobile app that allows you to manage your credit card account and payment service. You can use your BOC SG eWallet mobile app to bind/unbind your BOC Unionpay credit card for QR Code payments, QR transactions history tracking, etc.Both consumer-presented and merchant-presented QR scanning functions are available. Your transactions made via the mobile app is secured. For more details, you can click on “Security Tips
BOC SG eWallet / Bank of China
I transferred the wrong amount of KrisFlyer miles to KrisPay and could not reverse it. As the top up process into KrisPay account is only one-way, I was told I will not be able to process any reversal. Please ensure that the KrisFlyer miles or partner reward points you wish to transfer to KrisPay are correct before proceeding to confirm the top-up. All conversion transactions cannot be reversed.
KrisPay / Singapore Airlines
Singtel Dash is an e-wallet, so once you download the Singtel Dash app and log in, you can top up your dash account. It also works as a virtual visa account, so the account comes with its own unique 16-digit Dash Visa virtual account number and security code. Singtel Dash is can be used in Thailand in as well as in Singapore, making it more attractive to Singaporeans who frequently travel to Thailand. The app also lets you transfer money to another account, remit money overseas and, if you have an NFC-enabled phone, tap in and out of train and bus rides.
Dash / Telecom Equipment
No Name
It is a good idea to open an account for a young person, but there is a law that requires the kid to be above 18 years of age to open a deposit and savings account on their own. 15-18 year olds, you can open a savings account – your parents or guardians can also open an account on your behalf for security purposes.