Forum
Last updated: 

They are selling repossessed items on a lower price

I saw in an online shop that they are selling repossessed items. They are well maintained and even slightly used. They are sure legit people and can be trusted. I asked them for legal documents that will support their stuffs and they showed me the papers. Now I am planning to buy some items from them, can I use my debit card as method of payment?

User comments

  • user image

    No Name

    Buying repossessed items is not an illegal thing to do. Most of the repossessed items have enough documents that support the item. Selling repossesssed items is mostly done by the banks. But other people can also do that if someone loaned from them and have documents. Yes you can buy those items from the seller, you can also use your debit card to pay for the items.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Using the companies Debit card.

How can I lock my debit card?

What age can someone open a debit card.

What if I get fraud with the bank while I'm away from Singapore.

Is it safe to give my account number to other persons?

Am I required to have a debit card?

Related Reviews

Awesome banking products with preferential savings rates and lifestyle perks for the elderly

Maybank Singapore goes the extra mile with this one to targets the elderly in new integrated banking package with access to products such as endowment and retirement plans. Maybank Singapore’s integrated package encompassing banking products with preferential savings rates and lifestyle perks for customers aged 50 and above as part of its efforts to help them grow their retirement funds is simple genius

Maybank Passion Plus Programme / Maybank Singapore

Rewards account holders with a high base rate according to their balance size

Maybank iSAVvy Plus Savings Account is a great option for consistent savers who can comfortably make large monthly deposits and no withdrawals at that for a period of 6 month. To begin with, Maybank iSAVvy Plus Account rewards account holders with a high base rate according to their balance size, reaching up to 0.38% p.a. for consumers with S$50k+ balance. Considering the market standard is just 0.05% p.a., this base–which comes without any requirements or criteria–is remarkably competitive. Additionally, consumers earn a substantial 1.56% p.a. bonus rate on their incremental growth after 6 months, assuming consistent deposits with no withdrawals.

Maybank iSAVvy Savings Plus Account / Maybank Singapore

A competitive 3% interest rate and $50,000 insurance

I use Maybank SaveUp for their 3% interest very competitive rate plus $50,000 insurance. I also use it for savings and not so much for transactions, so I'm ok with the user interface & lack of ATMs. Plus, their Maybank Platinum Visa Card has no annual fee, provided there is at least 1 transaction every quarter, and gives 3.33% cashback on almost any category of $300 spending free.

Maybank SaveUp Account / Maybank Singapore

The best high interest account in the market!

This is perhaps the most competitive salary crediting account that earns sizeable interest rate. Only low point is that you need to hit the minimum spent of $500 a month on debit or credit card and must pair up with one/yolo/lady’s card. Best high interest account in the market! Reliable and efficient travel insurance claim, highly recommendable and easy to claim. Your one stop solution for all travel insurance needs.

UOB One Account / United Overseas Bank

Complimentary cash withdrawals from Citibank ATMs overseas

I use Citibank for travel and they have saved me a lot of money on ATM fees as they have many ATM's all over the world. When I had to call them I was very impressed with the level of customer service they provided me.They require a minimum initial deposit of $2,000 and provide complimentary cash withdrawals from Citibank ATMs overseas with no processing fee and instant fund transfers, I give them some high recommendations

Citibank InterestPlus Savings Account / Citibank Singapore

High savings account interest rate with no requirements

High savings account interest rate with no requirements and high $5,000,000 deposit limit but unfortunately only applicable for customers that are 55 years old and above. But still with a low 0.18% p.a. interest rate on first $50,000 deposit and access to enjoy interest rates of up to 1.28% p.a. with the MyWay Savings Account with no lock-in period and privileges on dining, travel, lifestyle and healthcare with the MyWay debit card, this is a fair enough deal.

Standard Chartered Unlimited$aver / Standard Chartered Bank Singapore