How to study in Singapore-how to handle bank accounts and credit cards

Foreign banks have restrictions, and they are real-name deposits. The main local banks are uob, OCBC Bank, DBS Bank and POSB Savings Bank. Nanda asked to open an account in OCBC. When opening an account in four or more banks in Singapore, the minimum amount of opening an account is S $500, and the minimum amount in the account after opening an account shall not be less than S $500. After the account amount is less than S $500 for one month in a row, the bank will impose a fine of S $2 every month until the amount rises to S $500. After international students arrive in Singapore, only POSB Bank can open an account with the entry approval letter from Singapore Immigration Bureau. For other banks, students must obtain a student ID card from the Immigration Bureau before opening an account. There is a card and passbook after opening an account. This card can be used to withdraw money from an ATM or pay in a shop with internet. Nets is an electronic transfer network established by local banks in Singapore. You can transfer money between different bank accounts through the network terminal. The main purpose is to pay the bill in the store, and the general store has a net. It's a bit like a credit card, but the money is deducted from your account immediately, which is actually a cash transaction. The main purpose of the passbook is to record your access to the apocalypse and deposit money in the bank. You can print it out through the quick update data of the bank. Fast update data is a passbook printer. Like ATM, you can print when you put your passbook in. It's best to type the passbook often, otherwise the bank will summarize too many records and only see the total. ATM is very common in Singapore. You can use the Internet, so you only need to bring a few tens of dollars. In Singapore, in addition to paying water, electricity and telephone bills at the post office and telecommunications bureau, most people now pay their bills at ATMs with NETS cards instead of checks. To apply for a checkbook, only students over 2 1 year old can apply, and some cheque fees must be paid. For students, writing checks is discouraged and meaningless. Students can't apply for credit cards, only permanent residents and citizens can. Generally, there are gold cards (monthly income of 5,000 yuan) and silver cards (monthly income of 2,000 yuan). Foreign banks can also handle credit card business. Because there is online shopping, and the general store charges 1%-2% when paying by credit card, so it is not used much. Credit cards are mainly paid in different places, such as the application fee for American universities. In addition to credit cards, foreign payments can be made by bank draft, that is, international checks, which can be handled at banks and post offices, and the handling fees are 10 yuan and 5 yuan respectively. There are many money changers in Singapore. They can exchange various currencies. Because RMB is not freely convertible, the exchange rate is 5%- 10% higher than the official exchange rate of Bank of China. You can change some RMB when you go home. You can remit money to your home at Bank of China Singapore Branch. The exchange rate is the official rate. If you lose a little, you can of course send Singapore dollars or US dollars. Generally speaking, it is more cost-effective to change some RMB and take it back. The exchange rates of various money changers are different, not much. You can bargain for more. Generally, there is no counterfeit money, and you don't need to count it (trust the money counter).