YeriSingaporean companies... What corporate banks do you use for your side hustle ? Most of the banks come with a monthly fee (whyyyy) and/or a minimum amount of $$$$ needed on the account
#bank #singapore #freelance #pteltd #privatelimited #account
Enrique Barcelli@yeri Actually they all are the same.
They come with an annual fee that could be waved for the first 12 months...
AND (not or) a fall-below fee if you keep less than $$$ on the month...
Just pick your bank by your favourite colours or the distance to your office or home... 🤷♂️
When I was at college we studied something called 'cartel'... might be worth taking a look at my notes... 🤔
@kikobar hehe... I closed my UOB account and started using Aspire App... Promised to be free, but now they charge $12/month (!!!!)... So I guess I should just use Wise as account
@kikobar the trick is to xfer to your personal account, then xfer to dbs or ocbc or something
or pay a $5 transaction fee... insane
or pay a $5 transaction fee... insane
@yeri the fee from corporate to personal or corporate is $0.50 only...
Are you referring to international transfers? - that's another game altogether.
@kikobar hmmm maybe it was 0.5 instead of 5... Still!
@yeri it is $0.50 which is not a killer for the average business transaction... but what about when they start applying to individual accounts and they charge $0.50 for the payment of a $1.80 kopi at the food-court?
Recently credit card charges on taxis have also been raised to 10% of the value of the transaction...
Let's go back to physical cash!!! 😆