If you’re looking for a personal line of credit in Singapore, the UOB CashPlus account may be just what you need. With flexible repayment options and a low monthly repayment rate, it’s easy to access standby cash whenever you need it. This account offers a range of features and benefits that make it a popular choice among Singaporeans.
To apply for a UOB CashPlus account, you’ll need to meet specific eligibility criteria, such as being a Singaporean citizen or permanent resident and having a minimum annual income of S$30,000. Once you’ve been approved, you can start enjoying all the benefits of this account, such as rebates of up to 35% and the convenience of ‘Cash & Carry’ at over 20 participating merchants.
Overall, the UOB CashPlus account is an excellent option for those who need a little extra cash occasionally. With its generous credit limit, low monthly repayment rate, and range of features and benefits, it’s no wonder that so many Singaporeans choose this account.
Key Takeaways
- You’ll need to meet specific eligibility criteria, such as being a Singaporean citizen or permanent resident and having a minimum annual income of S$30,000.
- You can start enjoying all the benefits of this account, such as rebates of up to 35% and the convenience of ‘Cash & Carry’ at over 20 participating merchants, once approved.
- UOB CashPlus account is an excellent option for those who occasionally need a little extra cash.
UOB CashPlus Account Singapore: The Overview
If you’re looking for a flexible and convenient way to access cash, UOB CashPlus is an excellent option to consider.
With CashPlus, you can enjoy a personal line of credit that gives you access to money whenever you need it, without the need for collateral or guarantors.
UOB CashPlus Account Singapore: Generous Credit Limit
One of the best things about UOB CashPlus is that it offers a generous credit limit that is tailored to your needs and financial situation. You can borrow up to six times your monthly salary, subject to approval by the bank.
Application
To apply for UOB CashPlus, you can do so via UOB Personal Internet Banking, UOB branches, or by calling the bank’s 24-hour hotline. You can also fill up an online application form or download an application form and mail it back to the bank.
Approval
Once your application is approved, you’ll receive a UOB CashPlus Visa Card that you can use to withdraw cash at ATMs or make purchases at merchants that accept Visa. You can also enjoy rebates of up to 35% when you use your UOB CashPlus Visa Card at participating merchants such as Best Denki, EpiCentre, Barang Barang, and SK Jewellery.
Mobile Banking App
Another great feature of UOB CashPlus is UOB TMRW, a mobile banking app that allows you to manage your CashPlus account on the go. With UOB TMRW, you can view your account balance, make payments, and track your spending all from your mobile phone.
In summary, UOB CashPlus is an excellent option for anyone needing quick and easy cash access. With a generous credit limit, a convenient Visa card, and access to UOB TMRW, managing your finances has never been easier.
UOB CashPlus Account Singapore: The Application
If you’re interested in applying for a UOB CashPlus account, you must meet certain eligibility criteria and provide a few documents to complete the application process. Here’s what you need to know:
Eligibility Criteria
To apply for a UOB CashPlus account, you must be a Singaporean citizen or Permanent Resident at least 21. You must also have a minimum monthly income of S$1,200 if you’re a Singaporean citizen or S$1,800 if you’re a Permanent Resident.
Additionally, you must provide your NRIC or Passport number during the application process.
UOB CashPlus Account Singapore: Required Documents
To complete your application for a UOB CashPlus account, you’ll need to provide a few documents. These may include your income tax notice of assessment, computerised payslip, and other supporting documents that verify your income and employment status.
You may also need to provide additional identification documents, such as your NRIC or Passport, to complete the application process.
Application Process
You can apply for a UOB CashPlus account in one of several ways. Visit any UOB branch to apply in person, or you can apply online by filling out an application form. You can also call UOB’s 24-hour hotline to request an application form to be mailed to you.
To apply online, you must provide your details, including your NRIC or Passport number and income and employment information. You may also be asked to provide your supporting documents later. Once your application is approved, you will receive your UOB CashPlus account details and can begin using your account immediately.
If you’re interested in applying for a UOB CashPlus account, you can now complete an application form online or visit any UOB branch.
UOB CashPlus Account Singapore: Features and Benefits
If you are looking for a flexible and convenient way to manage your finances, the UOB CashPlus account is the perfect solution. With this account, you can enjoy various features and benefits that make managing your finances easy and hassle-free.
UOB CashPlus Account Singapore: Credit Line and Interest Rates
UOB CashPlus account offers a credit line of up to 6X your monthly salary, with a low monthly repayment of 2% of your outstanding amount. The interest rate is competitive and affordable, starting from 1.48% p.a. This means you can enjoy flexible and affordable repayment options that fit your budget.
Cash Withdrawal and Transfer Services
With a UOB CashPlus account, you can withdraw cash from any UOB ATM or ATM that accepts Visa or Mastercard. You can also transfer funds to any bank account in Singapore using UOB Personal Internet Banking or the UOB Mobile Banking app. Additionally, you can deposit cash at any UOB Cash Deposit Machine.
UOB CashPlus Account Singapore: Visa Card
As a UOB CashPlus account holder, you can enjoy the benefits of the UOB CashPlus Visa Card. This card offers you cash rebates on your spending, with up to 10% cashback on dining, online shopping, and at participating merchants such as Best Denki and Grab. You can also enjoy exclusive offers and promotions on UOB credit cards.
Exclusive Offers and Promotions
UOB CashPlus account offers exclusive offers and promotions that help you save money and invest in your future. You can enjoy cash rebates, cashback, and discounts on dining, shopping, and more. You can also invest in UOB unit trusts and earn daily interest on your investments.
Overall, the UOB CashPlus account is a great way to manage your finances and enjoy various benefits and savings. With its flexible credit line, affordable interest rates, and convenient cash withdrawal and transfer services, you can easily manage your finances.
Plus, with the UOB CashPlus Visa Card, you can enjoy cash rebates, exclusive offers, and promotions that help you save even more.
UOB CashPlus Account Singapore: Managing Your Account
As a UOB CashPlus account holder, you can access various account management tools to help you stay on top of your finances. Here are some of the key features you can use to manage your account:
Internet Banking and Mobile App
With UOB’s internet banking and mobile app, you can manage your CashPlus account from anywhere, anytime. You can check your account balance, view your monthly statements, and make payments to your account using your UOB ATM card or UOB CashPlus Visa card.
You can transfer funds between your UOB accounts, pay bills, and set up standing instructions.
Monthly Statements and Account Management
You will receive a monthly statement of account for your UOB CashPlus account. This statement will show your available balance, the minimum amount payable, and any transactions made on your account. You can also view your account balance and transaction history online through UOB Personal Internet Banking or UOB TMRW.
Cheque Services
UOB CashPlus also offers cheque services to help you manage your finances. You can request a chequebook to be issued to you, which you can use to make payments or withdraw cash. You can submit a stop cheque payment instruction if you need to stop a cheque payment. It is important to note that if a cheque is returned due to insufficient funds, a returned cheque fee will be charged to your account.
UOB CashPlus provides various tools and services to help you manage your account effectively. Whether you prefer to order your account online or in person at a UOB branch, you can be sure that UOB is committed to providing you with the best possible service.
UOB CashPlus Account Singapore: Savings and Investment Opportunities
If you’re looking for a savings account that offers competitive interest rates, UOB CashPlus has got you covered. By linking your CashPlus account to a savings account, you can earn interest on your savings while enjoying the flexibility of using your CashPlus account for your daily expenses.
Linking to Savings Accounts
You can link your CashPlus account to various UOB savings accounts, including the UOB One Account, UOB Stash Account, and Uniplus Account. Each account offers different interest rates and benefits, so choose the one that best fits your needs.
The UOB One Account, for example, offers tiered interest rates based on the amount of money you have in your account and cash rebates on your monthly bills when you meet specific spending criteria. The UOB Stash Account, on the other hand, rewards you with bonus interest when you maintain or increase your monthly average balance.
Investment Schemes Participation
In addition to savings accounts, UOB CashPlus offers a range of investment opportunities to help you grow your wealth. By participating in the Supplementary Retirement Scheme (SRS), CPF Investment Scheme (CPFIS), or CPF Retirement Sum Scheme (CPF RSS), you can enjoy tax savings and potentially higher returns on your investments.
UOB CashPlus is also a member of the UOB Insured Deposit Register and participates in the Deposit Insurance Scheme administered by the Singapore Deposit Insurance Corporation. This means that your deposits with UOB CashPlus are insured up to S$75,000 per depositor per Scheme member by the Singapore Deposit Insurance Corporation.
Overall, UOB CashPlus offers a range of savings and investment opportunities to help you achieve your financial goals. With competitive interest rates, flexible account options, and a range of investment schemes, you can be sure your money is in good hands. So why not open a UOB CashPlus account today and grow your wealth?
UOB CashPlus Account Singapore: Fees and Charges
If you’re considering opening a UOB CashPlus account in Singapore, it’s essential to understand its associated fees. This section will provide an overview of the most relevant charges so you can make an informed decision.
Interest and Service Charges
The UOB CashPlus account charges an interest rate of 20.9% p.a. for those with an annual income of at least S$30,000 and 24% p.a. for those with a yearly income of less than S$30,000. The interest is calculated daily and charged monthly.
In addition to the interest, the account has a service charge of S$80 per annum. This service charge is waived for the first year if you apply online.
Transaction and Processing Fees
The UOB CashPlus account has several transaction and processing fees. These include:
- Cash withdrawal fee of S$15 or 6% of the withdrawn amount, whichever is higher
- Late payment fee of S$90 or 5% of the minimum payment due, whichever is higher
- Overlimit fee of S$40 or 3% of the amount over the credit limit, whichever is higher
- Returned cheque fee of S$50 per cheque
- Processing fee of S$100 for every approved loan
It’s important to note that there may be other fees not listed here. For a complete list of fees, please refer to the UOB CashPlus Fees and Charges document.
To avoid unnecessary charges, read the terms and conditions carefully and pay on time. The UOB CashPlus account can be an excellent option for those looking for a flexible and convenient line of credit.
UOB CashPlus Account Singapore: Customer Support and Assistance
If you have any questions or concerns about your UOB CashPlus account, you can get help in several ways. UOB offers 24-hour helplines and in-person support at UOB branches to assist you with any issues.
24-Hour Helplines
If you need assistance with your UOB CashPlus account, call the UOB Call Centre at 1800 222 2121. This toll-free number is available 24 hours a day, seven days a week, so you can get help whenever needed.
The UOB Call Centre can help you with various issues, including applying for a UOB CashPlus loan, activating your UOB CashPlus account, setting up GIRO payments, and more. When you call, you must provide your NRIC or passport number to verify your identity.
In-Person Support at UOB Branches
If you prefer to speak with someone in person, you can visit any UOB branch for assistance with your UOB CashPlus account. UOB has over 40 branches throughout Singapore, so a branch is likely near you.
At the branch, you can speak with a personal banking advisor or a UOB Privilege Banking advisor for personalized assistance with your UOB CashPlus account. They can help you with various issues, including applying for a UOB CashPlus loan, activating your UOB CashPlus account, setting up GIRO payments, and more.
In addition, you can also use UOB’s Personal Internet Banking service to manage your UOB CashPlus account online. With this service, you can view your account balance transaction history and make payments from the comfort of your own home.
Overall, UOB’s customer support and assistance options make it easy to get help with your UOB CashPlus account whenever needed. Whether you prefer to speak with someone over the phone or in person, UOB has you covered.
UOB CashPlus Account Singapore: Additional Services and Features
UOB CashPlus account comes with a range of additional services and features that make it more convenient and rewarding for you to use.
Digital Payment Options
With the UOB CashPlus Visa Card, you can enjoy the convenience of digital payment options such as Scan to Pay and PayNow. These payment options allow you to make payments quickly and securely using your mobile phone.
You can use Scan to Pay for groceries, transport, dining, and online shopping. PayNow transfers allow you to instantly transfer money to anyone in Singapore using their mobile number or NRIC.
Lifestyle Benefits
UOB CashPlus account also includes various lifestyle benefits such as cashback, rebates, and promotions. With UOB credit cards, you can enjoy up to 8% cashback on groceries, transport, and dining expenses. You can also earn up to 35% rebates on your UOB CashPlus account when you use your UOB credit cards. Additionally, UOB runs regular promotions that offer discounts and rewards for using your UOB credit cards.
In conclusion, the UOB CashPlus account offers a range of digital payment options and lifestyle benefits that make it more convenient and rewarding for you to use. With features such as Scan to Pay and PayNow transfers, you can make payments quickly and securely using your mobile phone. And with cashback, rebates, and promotions, you can enjoy savings and rewards on your everyday expenses.
UOB CashPlus Account Singapore: Terms and Conditions
Congratulations on signing up for the UOB CashPlus account! Before you start using your account, it’s important to understand the terms and conditions associated with it.
Interest Rate
The UOB CashPlus account offers a low-interest rate of [insert interest rate]% per annum. This rate is subject to change based on market conditions and is calculated daily based on the outstanding balance. You can view your interest charges on your monthly statement.
Credit Line
With UOB CashPlus, you can enjoy a generous credit line of up to [insert credit line amount] or twice your monthly income, whichever is lower. This credit line is subject to approval and is based on your creditworthiness. You can use the funds for any purpose, including paying off your credit card bills, consolidating your debt, or financing a big-ticket purchase.
Minimum Payment
Each month, you must make a minimum payment of [insert minimum payment amount] or 3% of your outstanding balance, whichever is higher. Failure to make the minimum payment on time may result in late payment fees and interest charges.
Fees and Charges
UOB CashPlus account comes with a one-time processing fee of [insert processing fee amount]. There are no annual fees or monthly maintenance fees associated with the account. However, other fees, such as late payment fees, returned cheque fees, or over-limit fees, may apply. You can find a complete list of fees in the Terms and Conditions document.
Conclusion
In conclusion, the UOB CashPlus account is a great way to access funds quickly and conveniently. However, it’s essential to understand the terms and conditions associated with the account to avoid any surprises. Always read the fine print and ask questions if you’re unsure about anything.
UOB CashPlus Account Singapore: Security and Protection
Account Safeguards
Regarding your UOB CashPlus account, you can rest assured that various security measures protect your funds. First, you can access your account online through UOB Personal Internet Banking, which provides a secure and convenient way to manage your finances from anywhere at any time.
UOB Personal Internet Banking uses advanced encryption technology to protect your transactions and personal information. You can also set up alerts to notify you of suspicious activities on your account, such as large withdrawals or transfers.
Another critical safeguard for your UOB CashPlus account is the UOB Insured Deposit Register. This is a register of all eligible deposits held with UOB, including your CashPlus account, which is insured by the Deposit Insurance Scheme in Singapore. The Deposit Insurance Scheme is administered by the Singapore Deposit Insurance Corporation (SDIC), which protects eligible deposits up to S$75,000 per depositor per Scheme member.
In addition to these measures, UOB also offers the UOB LockAway Account, which provides an extra layer of security for your funds. With this account, you can lock away any amount of money you don’t need everyday access to, and the funds can only be withdrawn in person at any UOB branch in Singapore. There are no minimum or maximum amounts and no fall-below fees. The account is also insured up to S$75,000 by the SDIC.
Overall, UOB CashPlus provides a secure and convenient way to access funds when needed. With these safeguards in place, you can have peace of mind knowing that your funds are protected against any unauthorized access or fraudulent activities.
UOB CashPlus Account Singapore: Eligibility and Application
If you’re looking for extra cash to help you achieve your short-term needs or major milestones, UOB CashPlus is here to help. Here’s what you need to know about the eligibility and application process.
Minimum Income Requirements
To be eligible for UOB CashPlus, you must be a Singapore citizen or permanent resident with a minimum monthly income of SGD 2,000. Your annual income must be at least SGD 24,000.
Application Steps
Applying for UOB CashPlus is straightforward. Here are the steps you need to follow:
- Visit the UOB website and click the “Apply Now” button on the CashPlus page.
- Fill in the online application form with your employment and income details.
- Submit the form and wait for UOB to process your application. You will receive an email or SMS notification once your application is approved.
- Once your application is approved, you can activate your UOB CashPlus account by logging in to your UOB Personal Internet Banking account.
- You can then withdraw cash from any UOB ATM or over the counter at any UOB branch.
Alternatively, you can download the UOB CashPlus application form from the UOB website, mail it back to UOB, or visit any UOB Group branch to apply.
Suppose you need a permanent increase in your UOB CashPlus credit limit. In that case, you can apply for it by submitting the relevant documents, such as your latest income statement, CPF contribution history, or Notice of Assessment.
So what are you waiting for? Apply for UOB CashPlus now and enjoy the convenience and flexibility of a personal line of credit that gives you extra cash when you need it the most.
UOB CashPlus Account Singapore: Repayment and Credit Management
Managing your UOB CashPlus account is easy and hassle-free. With flexible repayment options and credit management tools, you can stay on top of your finances and enjoy peace of mind.
Repayment Options
UOB CashPlus offers a range of repayment options to suit your needs. You can make repayments via GIRO, internet banking, or at any UOB branch. You can also make ad-hoc payments or set up a repayment plan that suits your budget.
With UOB CashPlus, you can repay your loan in whole or in part at any time without incurring any penalties. You can also repay the minimum amount due or pay more to reduce your outstanding balance faster.
Credit Balance and Overdraft
With UOB CashPlus, you can enjoy a line of credit of up to 4 times your monthly income. You can use this credit line to manage your finances, pay bills, or purchase. Pay only the interest on the amount you use, and you can withdraw cash from any UOB ATM.
You can check your credit and outstanding balances anytime via your monthly statement or internet banking. This allows you to keep track of your spending and manage your finances more effectively.
If your account is overdrawn, UOB CashPlus offers an overdraft facility to help you manage your finances. You can set up an overdraft limit to avoid unexpected overdraft fees.
With UOB CashPlus, you can enjoy the flexibility and convenience of a personal loan while having access to a line of credit to manage your finances.
UOB CashPlus Account Singapore: Maximising Rewards
With UOB CashPlus, you can access instant cash and maximise your rewards. Here’s how you can get the most out of your account:
Cash Rebates and Cashback
One of the best ways to maximise your rewards with UOB CashPlus is to take advantage of their cash rebates and cashback offers. You can earn up to 35% cash rebates on your spending with participating merchants like Best Denki, EpiCentre, Barang Barang, SK Jewellery and more. You can get up to 3% cashback on your online shopping and Grab transactions.
Check out the latest promotions and participating merchants on the UOB website to make the most of these offers. You can also watch for exclusive deals and discounts for UOB CashPlus customers.
Promotional Deals and Partnerships
UOB CashPlus also offers a range of promotional deals and partnerships that can help you maximise your rewards. For example, you can earn a bonus UNI$ when you use your UOB credit card to pay for your CashPlus account fees. You can also earn a bonus of UNI$ when you spend on dining, travel and more with your UOB credit card.
In addition, UOB has partnerships with various merchants and service providers, including Grab, that can help you earn even more rewards. For example, you can earn GrabRewards points when you link your UOB credit card to your Grab account and use it to pay for your rides.
Overall, UOB CashPlus offers a range of ways to maximise your rewards. Whether you’re looking for cash rebates, cashback or exclusive deals and partnerships, UOB has something for you. So why not sign up for UOB CashPlus today and start earning rewards on your spending?
Frequently Asked Questions
How can I apply for a CashPlus account, and what are the eligibility criteria?
To apply for a UOB CashPlus account, complete an application form online, visit any UOB Group Branch, or call us 24-hour, toll-free at 1800 222 2121. To be eligible for a CashPlus account, you must be a Singaporean or Permanent Resident aged between 21 and 65, with an annual income of at least S$30,000.
What exciting benefits do I get with a UOB CashPlus account?
With a UOB CashPlus account, you can enjoy flexible repayment options, competitive interest rates, and a credit line of up to four times your monthly income. You can also earn UOB$ rewards points on your CashPlus Visa card spending and access cash instantly through ATMs, online fund transfers, and bill payments.
Are there any fees associated with maintaining a UOB CashPlus account?
There are fees associated with maintaining a UOB CashPlus account, including an annual fee of S$100, a late payment fee of S$90, and an early account closure fee of S$150. However, you can avoid these fees by maintaining a good repayment record and using your account responsibly.
How does the UOB CashPlus account differ from a traditional personal loan?
Unlike a traditional personal loan, a UOB CashPlus account offers a revolving credit line that allows you to borrow and repay funds as needed without having to reapply for a loan each time. This gives you greater flexibility and control over your finances and can help you better manage unexpected expenses or cash flow fluctuations.
Can I quickly withdraw funds from my CashPlus account?
You can easily withdraw funds from your CashPlus account through ATMs, online fund transfers, or bill payments. Log in to your UOB Personal Internet Banking account or mobile app, select the account you wish to withdraw from and follow the on-screen instructions.
What steps should I follow to close my UOB CashPlus account?
If you wish to close your UOB CashPlus account, you can visit any UOB Group Branch or call our 24-hour, toll-free hotline at 1800 222 2121. Before sealing your account, please ensure that all outstanding balances have been fully repaid and that you have cleared any unpaid bills or transactions.
