You are here

DBS, POSB customers can withdraw cash at Guardian, Sheng Siong stores in Singapore

DBSANDPOSBNAK0611.jpg
DBS Bank customers can now make cash withdrawals at all Guardian Health & Beauty and Sheng Siong stores in Singapore as the bank expands its POSB Cash-Point.

DBS Bank customers can now make cash withdrawals at all Guardian Health & Beauty and Sheng Siong stores in Singapore as the bank expands its POSB Cash-Point.

With this expansion, DBS/POSB has effectively increased its withdrawal touchpoints to close to 2,000 islandwide, solidifying its presence in town and in the heartlands.

The banking group said DBS/POSB customers are now able to withdraw up to S$100, in multiples of S$10, with any item purchase at more than 140 Guardian Health & Beauty and over 30 Sheng Siong stores in Singapore.

Customers can enjoy the complimentary service using a DBS/POSB debit or credit card linked to a savings account. From now till the end of the year, the first 500 customers every day who make cash withdrawals at these stores will also have an additional S$5 credited into their accounts.

Since 2011, the bank has formed strategic alliances with organisations such as SingPost to extend banking beyond traditional touchpoints. In July 2013, the banking group partnered 7-Eleven, allowing customers to make withdrawals at over 500 stores islandwide.

The implementation of POSB Cash-Point has seen strong traction with an increase of close to 50 per cent from the previous year in withdrawals made at these stores.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes