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I wanted to open a joint account with checking facilities (meaning you can write cheques) with my gf. The main purpose of it is to allow each of us to contribute a part of our income to pay for joint expenses like mortgages, groceries, furnitures etc. Since I was a suntec yesterday and OCBC had their branch opened on Sunday, I popped by to enquire.
It seems that we intruded on their private small talk because the lady serving us seemed very annoyed and impatient. I asked her some simple questions but she didn't seem to know her stuff that well (she was reading it in front of us), so my gf asked her some stuffs about the practice of other banks and she replied that we have to check it out ourselves. Okay, I seriously must thank her for her good advice to check it out ourselves. Otherwise, I wouldn't have known that even a simple thing as opening a checking account can have such a wide differences between the major banks in Singapore.
You must hear it from me - OCBC offers the worst deal if you ever wanted to open a checking account in Singapore. Out of all the banks I compared, OCBC is the only one that requires a $2 fee per cheque written. Do check out this table for more details: Read more...