Forum
Last updated: 

May I lend my money from savings in the bank through online transaction?

I need to help a friend for her mother's medicinal finance. Their family have been close to me and I want to help them now in their time of need. i have money in my savings account and I am hoping if I will be able to send him money as I am not in the country. I want to lend him through online transaction so it won't be a hassle for thr both of us.

User comments

  • user image

    No Name

    It is a safe thing to open a bank account and open your own savings account. Not everyone has a savings account. There are times that you need to pay something online or to someone, most of the banks have an online application and has features that you can send money to their accounts or to their banks (fees may be applied)

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

How can a disabled person have a savings account?

The atm is not functioning well

Can somebody tell me which is better for me, a savings account or a current account?

My ATM card isn't working. So in this case, what should I do?

How to save money for a new laptop or any expensive gadgets?

SSB or money in a fixed deposit?

Related Reviews

Sompo’s plan dont cover trip delays and cancellation

For folks with pre-existing medical conditions like asthma or heart conditions, they can consider Sompo’s Travel Joy Deluxe plans. Sompo’s plan only covers medical evacuation however and not trip delays and cancellation as well.However, Sompo offers unlimited evacuation should make up for it. If your condition is life-threatening, unlimited evacuation is more important than being covered for a wide variety of incidents.

SOMPO TravelJoy Deluxe / Sompo Insurance Singapore

A very good international reputation for its emergency assistance

Even though you may purchase this travel insurance from American Express channels, every aspect of the after-sales support is taken care of by Chubb Insurance. Chubb has a very good international reputation for its emergency assistance, which is reassuring if you ever worry about such unforeseen circumstances and events occurring. They have an efficient emergency hotline assistance service, while claims can be submitted online with supporting documents through Chubb’s online portal.

American Express VoyageGuard Travel Insurance Standard Plans / American Express International

$18 for the cheapest one week coverage plan in ASEAN countries.

This is definitely one of the affordable brands and their prices are often competitive with ongoing promos particularly if you’re travelling beyond Southeast Asia. Don’t you think that $27 for a week’s coverage in expensive countries like Australia and New Zealand is really quite a good deal? Now with such low prices you’d think they’d hold out on discounts but not at all, as they currently offer 20% off with the promo code TRAVEL20. That’s $18 for the cheapest one week coverage plan in ASEAN countries.

FWD Travel Insurance Business / FWD Singapore

Coverage for pregnant women in their first or second trimester

If you’re an Aviva policyholder or have a family member who is one who qualifies for the 30% discount, then don’t hesitate on going for this. Without a doubt, this is the cheapest and most purchase worth travel insurance you can buy out there. If you’re not a policyholder, it’s still a really good deal if you can get 18% discount with the promo code. Those travelling to a bit more expensive countries will want to get the second tier plan for a few dollars more. For pregnant women in their first or second trimester or just any woman who could be travelling while pregnant, Aviva travel insurance is one of the very few options that will cover your condition.

AVIVA Travel Lite / Aviva

A golf advantage cover that provides coverage for damaged or lost golf equipment in your checked luggage

Unfortunately, Allianz has pretty strict restrictions when it comes to sports coverage as you won't be covered for sailing, hunting, playing polo, mountaineering, skiing, rock climbing, parachuting or hang gliding. You do however, have a golf advantage cover that provides coverage for damaged or lost golf equipment that is in your checked luggage. Allianz has an efficient online claim portal allows customers to submit and file their claims online easily and if you have problems uploading your claim you can call or email them for assistance. If you are claiming for medical or dental expenses, you will still have to send original copies of your supporting documents and an acknowledgement email to the address in the table below.

Allianz Travel Protect Single Trip Gold Plan - Standard Chartered / Standard Chartered Bank Singapore

Get $300 limit on delays, $300 for missed connections and another $500 for diversions

The FWD policy wording doesn’t mention any sporting exclusions, with the exception of competitive sports and hiking/trekking above 3,000m. Considering that most outdoor activities are covered, their lowest tier plan (Premium) is very good value for money. For the basic plan, FWD Premium has quite a high trip cancellation claim limit of $7,500 which applies for haze-related cancellation or infectious diseases like Zika and dengue too. Where FWD loses out is in the below-average travel inconvenience benefits. For example, for travel delays, you get $300 limit on delays, another $300 for missed connections and another $500 for “diversions”. It is very hard to claim the full benefit.

FWD Travel Insurance First / FWD Singapore