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Hi guys, hope this is the right folder to ask. I have been with SCB for about 10 years, have an Xtrasaver chequeing account. Recently they issued a revision to fees and will commence charging $2 per month. Are there any banks that do not charge for chequeing accounts? I seldom use cheques and find it useful when I need, but having to pay $2 per month for something I don't use frequently, I rather not. Any recommendations for free chequeing account appreciated! :)

what is available now, am looking to take one soon. I heard most bank is offering 1.88% but some is offering 1.68%. Anyone know the conditions for the lower interest?. Thanks.

My company issued me a OCBC bank cheque. I wrote my POSB bank acc number and phone number etc. Suppose to drop it into POSB bank but instead dont know what I thinking that day dropped it into OCBC bank. Will there be any complications or anything? Many thanks

Guys Please advise: I have a Malaysia cheque valued at a few thousand RM. I have no bank a/c in Malaysia. I only have DBS bank a/c in SG. What is the best way to deposit it with min trouble and charge?

From the good doctor's description, it seemed like the other driver/owner was the victim as his vehicle's damage was "scratches to right back tyre ream and door". If that was the case why would the other driver wanted to claim his own insurance le? I guess Dr Lee might have mistaken and it would be good if the other driver could respond because his honesty/integrity had been doubted liao... From ST Forum: http://www.straitstimes.com/premium/forum-...claims-20121105 'Blank cheque' motor claims' Published on Nov 05, 2012 I AM a mother of two with 12 years of driving experience and no prior accident history or claims experience. On Oct 23, I had my first car accident at the junction of Balmoral Road and Dunearn Road while I was driving my husband to work. After the other driver and I exchanged the relevant details and snapped pictures related to the accident, it was agreed, or so I thought, that we would each claim the cost of the repairs from our own car insurance. I paid $1,400 for my own repairs, after much deliberation, to avoid claiming from my insurance. Subsequently, I received a letter from my insurer informing me about the other car driver's application to claim the cost of his repairs from my insurance. His repairs for the scratches to his right back tyre ream and door cost $3,500, which was double what I paid to repair the damage to my car. Are there any regulatory bodies guarding consumer rights when a car owner uses these workshops? It seems to me that they may quote high prices when they know the owner is likely to claim from the other party's insurer. Are there cameras at every traffic junction that can provide useful evidence for the claims process? How do we go about obtaining such evidence? Mandy Lee (Dr)

Or your new (higher) pay after the promotion? Many of my friends passed it to their parent (first pay cheque)... but they never told me about the first promotion pay.

Developers' bids signal likely dip in home prices 13 March 2012 Straits Times DEVELOPERS here are becoming more cautious with how much money they are willing to pay for private home sites. They seem to be getting more worried that private home prices could fall, perhaps by up to 8 per cent this year, according to a new research report. So they have to factor the potentially lower prices of the homes into their sums when deciding how much to offer for a plot on sale. The BNP Paribas research report analysed about 100 government land sale bids since 2007 up until last month. When developers look at how much to bid for a site, they consider the likely 'break-even' figure. That is, how much they would have to pay for the project, taking into account the cost of building the condo and various other finance, marketing and administration costs. Then, of course, they add a bit on top to make it worth their while, in terms of profits - which means they would offer less for the land than break-even. The report said developers were lowering the figure they are willing to pay for land, as they can no longer feel sure that prevailing home prices will hold up by the time they are likely to sell the project. Starting in mid-2011, the difference between the expected break-even price and current selling prices started to widen to 19.8 per cent, well above the mean of 12.1 per cent, the report said. The mean of 12.1 per cent would tend to represent the profit margin developers have been achieving, on average. This difference of about 8 percentage points is likely to represent developers' efforts to guard against the possibility of future average selling prices heading south. A similar pattern was also observed in the second quarter of 2008, right before home prices tanked, when margin buffers widened in similar fashion, BNP Paribas property analyst Chong Kang Ho noted. The wider spread of bids for each site, which indicates differing views among developers, and the shorter turnaround of launches also reflect concerns of an uncertain outlook in the market, he added. Developers' nervousness is reflected not just in their bid prices, but also in their haste in pushing out new launches. The average turnaround time between securing a site and launching a project has been cut to just eight months for sites awarded in the past two years - down from more than 10 months, generally, for sites awarded in 2009. 'This is despite the trend of bigger land sites being offered, typically associated with longer preparation and approval times for launch,' BNP's Mr Chong said. 'Shorter turnaround launches reflect developers' expectations of a narrower window of opportunity to sell their new launches at higher prices. This is especially true in the light of upcoming supply.' Another likely trend is even more enthusiasm for sites right near MRT stations and retail malls, the report said. Developers feel buyers will go for homes built on these plum sites even if times get a little rough. The Government has ramped up its twice-yearly land sales programme since the second half of 2010 as it sought to stem rising home prices. This led to a record number of 77,089 uncompleted private homes in the pipeline as at the fourth quarter of last year - the highest figure since data was first available in 1999 - according to the Urban Redevelopment Authority. But while recent new sales data has been encouraging, longer-term fundamental concerns remain. The rising number of unsold homes, tighter immigration rules set to dampen demand and more sites on the way have all taken the rosy hue out of the market. BNP's Mr Chong expects it to correct by 5 to 7 per cent. He says the ample loans on offer at low mortgage rates help. But other experts note that lower land prices do not necessarily mean lower home prices as selling prices often depend on market conditions at the time of launch rather than just developers' costs. HSR Property Group special adviser Donald Han said developers, not surprisingly, price projects based on market values at the time they go on sale. 'While developers might price a new project lower than a nearby project to ensure good take-up at its initial launch, prices will not sway far from general market prices even if the land cost was lower,' he added.

If the parking attendant is 100m away.. and headed ur way.. My lot in question is just outside bukit timah shopping center, parallel lots by the road. I saw the parking attendant and thought: DAMN! now do i wait until she passes, assuming she comes my way, or just chiong up n take the risk? actually, it was a blessing in disguise. I was actually leaving the car when I saw her. decided to tear off 50c. reason being that if she see me waiting in the car, she might know i'm waiting for her to pass or make me tear coupon anyway. i probably escaped a 50 dollar (or whatever amount that offence is worth) fine today btw, the cheque was for a maid agency on the 3rd floor. i took my own sweet time, and was done in less than 10 min. if i chiong up, 5 min max

Does cheque ever got lost in deposit box?? I thought it's much safer than send cheque by post... I deposited a cheque in RBS bank last Friday, till today still haven't clear. Called them, asked me to cheque with issuing bank... Duh! Hello? Of course it is not cleared that y I call u what! .... then asked me to send the cheque again.. duh DUH! Hello? I deposit at your bank branch leh, not by postal.... then he put me on hold....asked me cheque number and issuing bank, said will check and get back to me...by when? by Monday! Hello! My cheque already one week in that box and my payment due date is getting nearer and now you take so long to check? ... TGIF... still have to stress over such matter..

Hi Everyone, I recently issued a POSBank cheque to pay for my Citibank credit bill of $92.27 but to my horror POSB debit $9227 from my account!!! I was so shocked and keep trying to remember did I wrote the wrong amount on the cheque??? Called up POSB to check and confirmed I issued the correct amount but they push the blame to Citibank saying Citibank key in the wrong amount into the system!! I was like what the fxxk do they mean its Citibank fault!! Questioned them how come they debit the money without checking on the cheque issued....giving me all sorts of excuse that this is how the current account system works and they will verify the correct amount before releasing the money to citibank and POSBANK will defintely spot the mistake and so on.. To me its all bxxxxxxt...how can they just debit the money from my account without verifying with the cheque I issued!!! Demanded they give me an official reply on how such mistake can happen and seriously thinking of filing a complain about this issue...Any suggestion on who or which department should I file a complain with for this matter??? Hope everyone out there keep track of the amount of money debit from your account for the cheque issued....Makes me wonder is it safe to issue cheque again.

Just issue a cheque with correct date but wrote the month wrongly (Aug instead of Sept). Can the cheque be cleared or if it have an expiry date to clear the cheque. Ps Ihave send out the cheque. Thanks

While in USA afew weeks ago, a friend wrote me a cheque. His cheque book was issued from Citibank in USA. Can this cheque be honoured in Singapore? Can I bank this US-issued cheque into my account in Citibank (Singapore branch) or local DBS account? Will there be any admin fee? Thanks folks for your inputs.

Any MCFers out there have been in similar situation as shared below and willing to share your experiences: I have left my last job 2 weeks ago. On the last day with the company, I have received a cheque as settlement for the salary outstanding. The cheque was post-dated to 31 Oct 2007 as the company did not have sufficient funds to pay me at that time. Assuming I deposit the cheque on 31 Oct morning for clearing and the amount is reflected in the holding section when I check my account through ATM in the afternoon, may I conclude that the cheque did not bounce and that the funds will be credited to my bank account the next day (01 Nov)? If not, at which stage will the bank consider the cheque as bounced?