How to withdraw Paypal to POSB Singapore Bank Account? (difference between Savings & Checking Account)?
Hi, I tried to transfer money from my Paypal to my POSB account, but I was confused when comes to fill in the account detail.
My POSB is just a ‘normal’ / ‘standard’ account (I don’t know the difference between checking & savings account). Which option should I take?
I suppose it’s savings since I never write any cheque, but after reading other posts I got more confused (cause I read that to open savings account you need to put SGD 2,000 etc..)
Is my ‘normal’ account already considered ‘savings’ account?
Or do I need to open another new ‘savings’ account with POSB / DBS?
If I don’t can I still do the withdrawal / transfer using my existing normal account?
Anybody who has done successful transfer please help..
I had tried to withdraw to my StanChart eSaver and it was returned with SGD 9.00 fee (but that’s another story..)
Thanks a lot before!
You basically sweep the funds using PayPal. The “type” isnt important. All PayPal wants to know is the ABA routing # (identifies the bank its going to).. and the account number (where the money is to be posted)…
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