ST, 17 July 2013, By Rachael Boon
DBS and POSB account holders shopping at 7-Eleven stores can now withdraw cash over the counter as they pay for their items. Customers with a debit, credit or ATM card linked to a savings account at either bank can withdraw up to $80 at one time with no fees when making a purchase. The new service has, in effect, turned the more than 500 7-Eleven outlets in Singapore into new ATM cash points. Only the shops at Changi Airport and Shell service stations do not offer this option. Due to POSB’s strong presence in the heartland, DBS has branded the new service POSB Cash-Point.
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Additional info
Today, OCBC Bank and United Overseas Bank (UOB) operate a shared ATM network, where customers can carry out cash withdrawal, balance inquiry, CashCard top-up and Nets FlashPay top-up.
The qualifying full banks (Maybank, ANZ, Citibank, HSBC, Standard Chartered Bank and State Bank of India) also operate their own shared ATM network.
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