Thursday, October 20, 2011

Top-up CPF by cash

The charge (by eNETS) to top up a CPF by internet banking is too high. For an amount of $1,000, the charge is $15. For a larger amount, the charge is NOT specified.

To avoid this excessive charge, I decided to pay by cheque ($0.25 for postage). But I have to write a lot of detail at the bank of the cheque including an unweildly transaction number. See below.










This is not the only thing that I have to write. I still have to write the cheque and make sure that the amount in words and letters are correct, the date is correct, the payee is correct. I also have to make sure that the address of CPF is correctly written on the envelope.  This is a sad part of life in Singapore - so much hassle and over-charging.