Posted 2mo ago inGrowing your savings CPF Investment Schemes

Can I continue to use my CPF monies to pay for the quarterly bank charges even if I do not have $20,000 in my Ordinary Account?

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Source: https://www.cpf.gov.sg/memberLast updated 2mo ago

You can use your Ordinary Account balance to pay for the quarterly agent banks charges, even if your Ordinary Account balance is below $20,000. The restriction on the use of the first $20,000 in Ordinary Account for CPF Investment Scheme – Ordinary Account only applies to new investments, including payments for recurring single premiums (for insurance) and regular savings plans (for unit trusts).

This information provided here is sourced from the CPF website.

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Can I continue to use my CPF monies to pay for the quarterly bank charges even if I do not have $20,000 in my Ordinary Account?

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