I rarely make posts back to back on two consecutive days but a mistake absolutely calls for it.

After yesterday’s post on the POSB Cashback Bonus scheme, a reader emailed me and told me that he was in the same boat as me (i.e. on the POSB HDB Loan and using his POSB everyday card). And apparently, he made an enquiry online and he would qualify if he signed up for POSB Invest-Saver.

Therefore, I made a trip down to my nearby Waterway Point POSB Branch and checked with the branch manager on what I had been told by the bank officer last Friday. And it turned out that yes, the POSB Invest-Saver would qualify me for the POSB Cashback Bonus.

I also found out that I couldn’t sign for it at the branch and both the POSB Invest-Saver and the POSB Cashback Bonus are applied online.

It …