As a student, managing your finances can be challenging, especially if you are new to it. However, with the UOB Student Account, you can get a head start in managing your money. UOB Singapore offers a range of student accounts that are designed to meet the specific needs of students.
Exploring UOB Student Account Features
With a UOB Student Account, you can enjoy a range of features such as a personalised debit card, internet banking, and mobile banking services. You can also access a range of financial tools and resources that can help you manage your money better.
Benefits of UOB Student Accounts
One of the benefits of having a UOB Student Account is that you can earn interest on your savings. This can help you grow your wealth over time. Additionally, UOB offers a range of rewards and promotions that you can take advantage of.
Key Takeaways
- UOB Student Accounts offer a range of features and benefits that can help you manage your money better.
- With a UOB Student Account, you can earn interest on your savings and access a range of financial tools and resources.
- UOB offers a range of rewards and promotions that you can take advantage of as a student.
Exploring UOB Student Account Features
As a student, you need a bank that understands your financial needs and offers you the best banking solutions. UOB offers a range of accounts that cater to students’ needs, and the UOB Uniplus Account is one of them.
UOB Uniplus Account
The UOB Uniplus Account is a savings account designed for students aged 16 years and above, which offers a low initial deposit of just $500. This account provides daily interest on your savings, and you can easily manage your account through UOB’s digital banking solutions.
Additionally, you can apply for a UOB Visa Campus Card, which is complimentary with the UOB Uniplus Account. This card offers you convenient access to your funds, and you can use it for online shopping, dining, and other transactions.
UOB TMRW and Digital Solutions
UOB offers digital banking solutions that make banking convenient and accessible for students. With the UOB TMRW app, you can manage your account, track your expenses, and set financial goals.
Moreover, you can apply for a UOB Uniplus Account online, which saves you time and effort. The online application process is simple and straightforward, and you can complete it in a few minutes.
In conclusion, UOB offers a range of banking solutions that cater to students’ needs. From the UOB Uniplus Account to digital banking solutions, UOB makes banking convenient and accessible for students. So, if you’re a student looking for a bank that understands your financial needs, UOB is the right choice for you.
Benefits of UOB Student Accounts
If you are a student in Singapore, you can benefit from opening a UOB student account. UOB offers various types of student accounts, including the Campus Account, which is specifically designed for tertiary students. Here are some of the benefits of UOB student accounts:
Interest and Savings Maximisation
With a UOB student account, you can maximise your savings and earn interest on your balances. For instance, the UOB One Account offers up to 1.50% p.a. interest on your savings, provided you meet certain criteria. This account also offers cash rebates on your spending, which can further boost your savings.
Another option is the UOB Stash Account, which offers up to 1.00% p.a. interest on your savings. This account is ideal if you have a lump sum of money that you don’t need to access immediately, as it requires a minimum deposit of $10,000.
Exclusive Student Privileges
UOB student accounts come with exclusive privileges that are designed to cater to your needs as a student. For example, the Campus Account offers convenient auto-mailing of new cheque books, and you can enjoy cheque facilities if you are aged 21 years or above.
UOB also offers the Rewards+ programme, which allows you to earn rewards points on your spending. You can redeem these points for a range of rewards, including cash credits, vouchers, and air miles. As a student, you can benefit from exclusive deals and discounts on dining, shopping, and entertainment when you sign up for the Lady’s Savings Account.
In addition, UOB student account holders can enjoy fee waivers on selected accounts and debit cards for up to three years. This means that you can save money on fees and charges, and have more money to spend on the things that matter to you.
Overall, UOB student accounts offer a range of benefits that can help you maximise your savings and enjoy exclusive privileges as a student. Whether you are looking for high interest rates, cash rebates, or rewards points, UOB has an account that can cater to your needs.
Managing Your Money
As a student, managing your money can be challenging, but with the UOB student account, you can enjoy convenient transactions and access to innovative banking tools that make it easier to stay on top of your finances.
Convenient Transactions and Access
With the UOB student account, you can enjoy 24/7 access to your account through UOB Personal Internet Banking. You can easily check your account balance, view your transaction history, and transfer funds to other accounts.
In addition, you can use Scan to Pay to make payments at merchants that accept NETS QR. This feature allows you to scan a QR code with your mobile phone and make payments directly from your UOB student account.
Innovative Banking Tools
UOB offers innovative banking tools to help you manage your money more efficiently. For example, you can use PayNow to transfer funds to other bank accounts instantly. All you need is the recipient’s mobile number or NRIC/FIN.
Moreover, you can enjoy contactless cash withdrawals at UOB ATMs. Simply tap your contactless-enabled debit card on the ATM reader to withdraw cash without the need for a physical card.
Overall, the UOB student account offers a range of features that make managing your money easier and more convenient. With 24/7 access to your account and innovative banking tools, you can stay on top of your finances and focus on your studies.
Investing and Growing Your Wealth
As a student, it’s important to start investing and growing your wealth early on. UOB offers various investment options that cater to students’ needs and risk appetite.
Investment Options for Students
One of the investment options available for students is UOB SimpleInvest. With SimpleInvest, you can choose from four curated portfolios depending on your goals and risk appetite. You can tap on insights and research from UOB Private Bank Chief Investment Office (CIO) with Income and Growth portfolios. Alternatively, you can craft your own portfolio from a curated list of over 100 Unit Trusts.
Another investment option available for students is Singapore Dollar Time/Fixed Deposit. With this option, you can deposit a sum of money for a fixed period of time and earn a higher interest rate than a regular savings account. This is a low-risk investment option that can help you grow your money steadily.
Building a Financial Foundation
Building a strong financial foundation is crucial for growing your wealth. One way to do this is by maintaining a monthly average balance in your UOB Student Account. By doing so, you can earn interest on your savings and avoid falling below the minimum balance requirement. This can help you build good financial habits and prepare you for future investments.
Additionally, if you’re planning to purchase a home in the future, you can consider a UOB Home Loan. UOB offers competitive interest rates and flexible repayment options that cater to your needs. By investing in a property, you can potentially grow your wealth through property appreciation.
In conclusion, UOB offers various investment options and financial products that can help you grow your wealth as a student. By investing early and building a strong financial foundation, you can set yourself up for a financially secure future.
Eligibility, Fees, and Charges
Understanding Account Requirements
As a student, you are eligible to apply for the UOB Campus Account, which is a statement-based savings and checking account that offers special privileges to tertiary students. To be eligible, you must be a student aged 16 years or above and have a valid student ID from a recognized institution in Singapore.
The minimum initial deposit required to open a Campus Account is $500. You can enjoy free cheque facilities and waiver of commission charges for telegraphic transfers, demand drafts, and travellers cheques. You can also enjoy convenient auto-mailing of new cheque books, subject to the availability of funds in your account.
Minimising Costs
To minimize costs, you can use UOB ATMs in Indonesia, Malaysia, and Thailand to withdraw cash without any fees. However, a $5 service charge per cash withdrawal will be imposed on all other ATMs.
To avoid the fall-below fee, you must maintain a minimum daily average balance of $500 in your Campus Account. If your balance falls below this amount, a $2 fall-below fee will be charged.
If you wish to close your account within six months of opening it, an early account closure fee of $30 will be imposed. Requests for cheque books to be delivered by the next business day will be subjected to an additional charge of $20 per cheque book.
To apply for a Campus Account, you can visit any UOB branch with your valid student ID and a minimum initial deposit of $500. With the UOB Campus Account, you can enjoy peace of mind while watching your money grow.
Frequently Asked Questions
What are the exciting benefits of opening a student account with UOB in Singapore?
Opening a student account with UOB in Singapore comes with a host of benefits that are tailored to meet the unique needs of students. With UOB’s Campus Account, you get access to attractive interest rates and special privileges that are designed to help you achieve your financial goals. You also get to enjoy convenient auto-mailing of new cheque books, and cheque facilities if you are aged 21 years or above.
How can students maximise their savings with UOB’s student account interest rates?
UOB’s student account interest rates are some of the most competitive in the market. To maximise your savings, you should consider depositing your funds into your UOB student account regularly. This will help you earn higher interest rates on your savings, and you can also take advantage of UOB’s promotions and offers to earn even more interest.
What’s the buzz about UOB One Account for students?
UOB One Account is a popular savings account that offers students in Singapore the opportunity to earn higher interest rates on their savings. With UOB One Account, you can earn up to 2.50% p.a. interest on your savings, depending on your account balance and transaction activity. You can also enjoy cash rebates on your daily expenses, such as dining, groceries, and petrol.
Are there any fees associated with maintaining a UOB student account in Singapore?
Maintaining a UOB student account in Singapore is free of charge. There are no minimum balance requirements, fall-below fees, or early account closure fees. You can enjoy the benefits of your student account without worrying about any hidden fees.
What is the minimum balance required to keep a UOB student account active?
There is no minimum balance required to keep a UOB student account active. You can maintain a zero balance in your account and still enjoy all the benefits of your student account, including attractive interest rates and special privileges.
How can students in Singapore easily open a UOB student account?
Opening a UOB student account in Singapore is easy and convenient. You can apply online or visit any UOB branch near you. To apply online, you need to be at least 16 years old, and for application via branch, you need to be at least 15 years old. You will also need to provide your identification documents, such as your NRIC or passport, and proof of your student status. Once your application is approved, you can start enjoying the benefits of your UOB student account.