CashPlus

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    Put a plus in your life

    CashPlus

Promotion

Sometimes, we just need that extra cash for the pluses in our lives.

Get instant access to cash with UOB Cashplus. With the flexibility to choose from 3 specially customized packages, there is something to fit your needs whether it’s for that short term obligation or the major milestone in your life.

Here’s what you can expect based on a S$10,000 loan:

 

 

3 Options with UOB CashPlus(Select one) Interest payable with UOB CashPlus Interest payable with other bank’s Credit Card at 28% p.a. You Save
0% p.a. for 3 months S$0 S$700 S$700 (100% savings)
4% p.a. for 6 months S$200 S$1,400 S$1,200 (85% savings)
6% p.a. for 12 months S$600 S$2,800 S$2,200 (78% savings)

Illustration:
Interest is calculated daily by multiplying the daily outstanding balance by the annual rate that is divided by 365 days. The total interest will be reflected in your monthly Statement of Account subject to a minimum interest charge of S$5.

Suppose you chose the prevailing interest rate of 4% p.a. for 6 months and withdraw S$5,000 for 30 calendar days. Interest for 30 days: (30/366) x 4% p.a. x S$5,000 = S$16.39

 

Terms and Conditions:
Promotion is offered exclusively to new UOB CashPlus Account customers who have successfully signed up for UOB CashPlus Account between 1 October 2020 to 31 December 2020 via MyInfo application form. This promotion is only available for online applications.

For full Terms & Conditions, click here

 

Apply Now

Features

More than just an account

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Easy access to cash

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  • Get up to 4X your monthly salary. Limit is separate from your UOB Credit Card limit
  • 6X (Capped at S$200,000) if your annual income is S$120,000 and above
  • Complimentary Visa Card for your daily transaction needs, plus earn cashback or SMART$ rebate with it
  • Transfer funds to your UOB CASA Account or UOB Credit Card via UOB Personal Internet Banking and/or UOB Mighty App
  • Withdraw cash from over 1,200 ATMs islandwide
  • Enjoy fast, contactless payment with Visa payWave on your UOB CashPlus Visa Card
  • Arrange for GIRO payments to your recurring bills with your UOB CashPlus account

Finance your medical needs

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Flexible repayment options

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UOB MediPlus

 

Get ahead of your medical bills and manage your finances with interest as little as S$1 a day

 

Low interest rate of 3.88% p.a. (EIR from 7.9% p.a.) + 1% processing fee and the choice to repay in 12 to 36 months equal monthly instalments.

 

Apply now

 

Full terms and conditions here

UOB CashPlus Balance Transfer

  • Flexible repayment of as little as S$30 or 2.5% (whichever is higher)
  • 0% interest loan for up to 12 months

 

Apply Now

Find out more

 

 

UOB CashPlus Personal Loan

  • Fixed monthly repayment
  • Tenure between 12 to 60 months
  • Low interest rate of 4.25% p.a. (EIR 7.75% p.a.)

 

Apply Now

Find out more

 

 

UOB CashPlus Visa Card

  • 10% cash rebate on all purchases.
  • Up to 10% SMART$ rebate^ at over 300 participating SMART$ merchants’ outlets.

Don’t have a UOB CashPlus Visa Card? Download a form here.

Terms and Conditions for Up to 10% Cash Rebate on UOB CashPlus Visa Card here.

 

^UOB SMART$ rebates will no longer be available at Metro from April 2019. You can continue to utilize your UOB SMART$ rebates at over 300 participating outlets islandwide. Visit uob.com.sg/SMART for more information.

Exclusive UOB CashPlus Visa Card Privileges

Apply Now

Via Online Form

For application of UOB CashPlus

 

 

Apply for a new UOB CashPlus account 24/7 by retrieving your personal information with MyInfo. Applications submitted between 7am to 8pm (for new UOB customers) will be processed instantly. Applications received outside these times will be processed the next working day.

You will receive a SMS notification to inform you of the approval of your UOB CashPlus facility. Your UOB CashPlus Visa Card and chequebook will be mailed to you separately.

Via Branches

Get Cash In 1 Hour

  • Complete UOB CashPlus application form found at UOB Branches
  • Submit form and required documents directly to Bank Tellers
  • Within 1 hour, you will receive SMS notification to inform you of the status of your application
  • You can start using the UOB CashPlus facility upon receipt of UOB CashPlus Visa Card or chequebook
  • Valid on Mondays to Fridays from 9am to 1pm (excluding Public Holidays)
View branch locator
  • Singapore Citizen or Permanent Resident
  • 21 years old and above
  • Minimum annual income of S$30,000 is required
Prevailing interest rate

For customers with Annual Income of $30,000 and above
20.5% per annum (subject to a minimum charge of S$5.00 per month), calculated on a daily basis, from the date of transaction until the outstanding is paid in full (if at least minimum payment is made).
Prevailing interest rate

For customers with Annual Income of less than $30,000
23.5% per annum (subject to a minimum charge of S$5.00 per month), calculated on a daily basis, from the date of transaction until the outstanding is paid in full (if at least minimum payment is made).
Default Interest – No minimum payment is made If no minimum payment is made by the due date, the default interest rate shall be 29.98% per annum or such rate as may be fixed by the Bank from time to time, calculated on a daily basis, from a day after due date until minimum payments are made in full for three (3) consecutive months on the respective payment due dates in the monthly statement. Thereafter, the interest rate shall revert to the prevailing interest rate.
Minimum monthly payment 2% of current balance or S$30, whichever is higher, plus any overdue amounts.
Late payment charges S$120 if minimum payment is not received by due date.
Annual membership fee S$120 per annum.
Over-limit fee S$50
Fees for foreign currency transactions For UOB CashPlus Visa Card, all transactions in foreign currencies will be subject to an administrative fee of 3.1%.
International processing fee For UOB CashPlus Visa Card, transactions made in SGD and processed outside Singapore using Visa will be subject to a fee of 1% of the transaction amount.
Payment hierarchy If the outstanding is not paid in full, the payment received is first applied to repaying all outstanding balances or accrued interest with the highest interest rate.
Lost / stolen card liability S$100 (For details, refer to clause 9 of ABS Guide on "What Should Know About Credit Cards" using the following hyperlink https://abs.org.sg/docs/library/abs_creditcards_english.pdf

1Credit limit is subject to approval. Get up to 6x your monthly salary or S$200,000, whichever is lower, if you earn above S$10,000 a month. Or up to 4X your monthly salary if you earn between S$2,500 to S$10,000 a month.

Terms and Conditions Governing UOB CashPlus Visa Card Cash Rebate

Terms and Conditions Governing UOB CashPlus

Q1. What are the documents required if I don't wish to apply via online application?

For salaried employees:

  • NRIC (front and back) and
  • Image of your specimen Signature that is clear and upright and
  • Latest billing proof (within the last 6 months) as per your local home address (e.g. telephone or utilities bills, etc) if differs from address in NRIC and
  • Income documents (any of the following)
    • Latest 12 months' CPF Contribution History Statement* via Singpass login or
    • Latest Computerised Payslip (Fixed income earner with Basic Salary = S$2,500) / Latest 3 months' Computerised Payslip (Variable Income earner with Basic Salary < $2,500) or
    • Latest Income Tax Notice of Assessment^ + Latest 12 months' CPF Contribution History Statement* or
    • Latest Income Tax Notice of Assessment^ + Latest Computerised Payslip (in Singapore Dollar currency)

^Print your Income Tax Notice of Assessment via https://mytax.iras.gov.sg with your Singpass or IRAS PIN.

*You may submit your CPF Statements via www.uobgroup.com/submitcpfstmt.jsp (you will need your SingPass to gain access)

For self-employed applicants:

  • NRIC (front and back) and
  • Image of your specimen Signature that is clear and upright and
  • Latest Income Tax Notice of Assessment^

^Print your Income Tax Notice of Assessment via https://mytax.iras.gov.sg with your Singpass or IRAS PIN


For commission-based employees:

  • NRIC (front and back) and
  • Image of your specimen Signature that is clear and upright and
  • Latest Income Tax Notice of Assessment^

^Print your Income Tax Notice of Assessment via https://mytax.iras.gov.sg with your Singpass or IRAS PIN


Q2. How much credit will be granted?

A credit line of up to 6x your monthly salary or S$200,000, whichever is lower, if you earn above S$10,000 a month, or up to 4X your monthly salary if you earn between S$2,500 to S$10,000 a month will be granted upon approval of application.


Q3. How do I access my credit line?

Simply access cash via UOB Personal Internet banking, UOB branches, ATMs, UOB CashPlus chequebook, or UOB CashPlus Visa Card.

Credit balances in your UOB CashPlus account will be drawn down first before your credit line is utilised. And upon payment to your UOB CashPlus account, your credit line will be reinstated.


Q4. How may I obtain a permanent increase in my credit limit?

Click here for details.


Q5. How does the UOB ATM Card or UOB CashPlus Visa Card work?

Your UOB ATM Card / UOB CashPlus Visa Card is linked to your UOB CashPlus account. You can withdraw cash at local ATMs and at over 877,000 ATMs worldwide.


Q6. Are there any charges for cash withdrawal using my UOB ATM Card or UOB CashPlus Visa Card?

Cash withdrawal is absolutely free at all UOB ATMS in Singapore, Malaysia, Indonesia and Thailand.

Cash withdrawal is also free at locally shared ATMs with OCBC.

Cash withdrawals from ATMs on the VISA Global ATM Network carry a nominal charge of S$5 per transaction.


Q7. What should I do if I lose my UOB ATM Card or UOB CashPlus Visa Card?

You should call our UOB Call Centre immediately 24-hour, toll-free at 1800 222 2121. We will cancel your lost card, and issue you a new one. However, a S$20 replacement fee applies.


Q8. Are there charges for issuing UOB CashPlus cheques?

No, as long as the amount issued is within your available credit limit.

There is a handling fee of S$40 for every returned cheque, and S$30 for each stop cheque payment instruction.

For total peace of mind, you may check your current available balance simply by accessing your UOB CashPlus account via UOB Personal Internet Banking or phone banking.


Q9. What happens if I run low on cheques?

UOB will automatically mail you a new UOB CashPlus cheque book when you have 10 cheques remaining in your cheque book. If you would like to request for a new cheque book, just visit your nearest UOB Group Branch. You may also use our phone banking service to request for one.


Q10. What if I lose my UOB CashPlus cheque book?

You should call our 24-hour UOB Call Centre at 1800 222 2121 immediately to place a stop payment on your cheque(s) so as to prevent fraudulent use, and arrange for an immediate replacement of your cheque book. Please note that a service charge of S$30 will be levied.


Q11. How is the UOB CashPlus interest calculated?

Interest is calculated daily by multiplying the daily outstanding balance by the annual rate that is divided by 365 days. The total interest will be reflected in your monthly Statement of Account.

Interest will continue to incur until repayment of the full amount into the UOB CashPlus account. Kindly note a minimum interest charge of S$5 per month applies.


Q12. How much do I have to pay monthly?

You may choose to service only the minimum amount payable stated in your monthly Statement of Account. The minimum sum payable is calculated based on the following table:

Outstanding Amount Minimum Sum Payable
Less than S$30 No payment required
S$30 - S$1,200 S$30
More than S$1,200 2.5% of outstanding amount plus excess if applicable

Kindly make your payment in Singapore dollars.

If you wish to check the exact outstanding amount payable, you may call us at 24-hour, toll-free at 1800 222 2121. Our friendly customer service officers will be happy to assist you.


Q13. How do I make repayments?

  • Cheque Payment - Cheques should be crossed and made payable to your own name (in accordance with your CashPlus Account). Please indicate your CashPlus Account number and the payment amount on the reverse side of your cheque and Payment Advice. You can download and print your own business reply envelope at uob.com.sg/bre
  • Cash - Cash payment is accepted at any of our local branches or Cash Deposit Machines. Please allow at least one working day for your CashPlus Account to be credited when cash payment is made.
  • Funds Transfer to UOB CashPlus account performed after 10pm or on a Sunday and public holidays will be reflected as the next business day’s transaction in your account statement.
  • UOB Phone Banking/Internet Banking/UOB ATM - Payment may be made by UOB Phone Banking service at 1800 22 22 121 (24-hour) or Internet Banking at www.uobgroup.com with a UOB Savings/Current account or at any UOB ATMs islandwide.

Q14. What can I use UOB CashPlus for in Internet Banking?

  • Make immediate and scheduled funds transfers of up to two years, to your UOB accounts, third-party accounts or other bank accounts
  • Make immediate and scheduled bill payments of up to two years, to over 80 billing organisations (SingTel, M1, StarHub, SP Services, Town Councils, country clubs, etc)
  • Enquire about your cheque payments
  • Add a GIRO Arrangement…… and many more

Q1. What is a UOB CashPlus Visa Card?

UOB CashPlus Visa card is a new add-on usage mode for our customers to make payment for things in shops or online. You can also use it to withdraw cash at over 877,000 ATMs worldwide.


Q2. What benefits will I enjoy with this UOB CashPlus Visa Card?

You will earn 1.5% cash rebate on all everyday purchases with the UOB CashPlus Visa Card and the maximum cash rebate is capped at S$50 per month.

There is no minimum spend amount required before you can qualify for the cash rebate. Any cash rebate earned in your current month's statement will be automatically credited to your following month's statement.

Plus, you are entitled to enjoy UOB Cards offers at over 1,000 merchants when you pay with the UOB CashPlus Visa Card.


Q3. I currently hold a UOB CashPlus account, how do I apply for the UOB CashPlus Visa Card?

Please call our 24-hour, toll-free hotline at 1800 2222 2121 to request for a UOB CashPlus Visa Card or download a form here


Q4. What are the requirements for a UOB CashPlus customer to get a UOB CashPlus Visa Card?

You must have a UOB CashPlus account; annual income of at least S$30,000 and above and age 21 and above.

More information available at this link: http://www.uob.com.sg/personal/borrow/cashplus/overview.page


Q5. When and who will be issued the new UOB Visa Card?

For new UOB CashPlus accounts approved from 15 November 2015, all customers with annual income S$30,000 and above will be issued a UOB CashPlus Visa Card.

For customers with annual income less than S$30,000, they will be issued with an ATM card.

For application, please visit https://uniservices1.uobgroup.com/secure/forms/cashplus.jsp


Q6. How do I calculate the cash rebate amount awarded to me?

Cash rebate will only be awarded for Point-of-sales (POS) and online transactions made on your UOB CashPlus Visa Card (capped at S$50 per month*, credited to your account in the following month).

See illustration below:

Description Amount Used Cash Rebate 1.5%
(Capped at S$50 per month)
Giant Online S$200 S$3.00
Cash Withdrawal S$300 -
Cheque S$1000 -
Robinson S$300 S$4.50
Shell S$150 S$2.25
Total Cash Rebate Credited   S$9.75

 

Description Amount Used Cash Rebate 1.5%
(Capped at S$50 per month)
Giant Online S$200 S$3.00
ATM Cash Withdrawal S$300 -
Cheque S$1000 -
Robinson S$380 S$5.70
Shell S$150 -
NTUC S$280 S$4.20
Best Denki S$1,500 S$22.50
Watson S$80 S$1.20
Online Fund Transfer S$2,000 -
Agoda.com S$1,850 S$27.75
Total Cash Rebate   S$64.35
Total Cash Rebate Credited   S$50.00*

Q7. How much can I charge to my UOB CashPlus Visa Card?

You can charge up to the available credit limit on your UOB CashPlus account. The same limit will be applicable for your POS transactions, ATM withdrawals, cheque usage, online fund transfers and bill payments.


Q8. Do I earn the SMART$ on UOB CashPlus Visa Card?

Yes. UOB CashPlus Visa Card allows you to earn SMART$ Rebate at SMART$ participating merchants. SMART$ can be used to redeem at any SMART$ merchants in subsequent transactions, for the total price of the UOB CashPlus Visa Card transactions on shopping, dining and entertainment.


Q9. Will I earn both SMART$ and 1.5% cash rebate?

No, cash rebate will not be awarded on transactions at SMART$ merchants where SMART$ are issued.


Q10. Will there be interests charged to my retail purchases with UOB CashPlus Visa Card?

Yes. As long as there’s an outstanding balance on your UOB CashPlus account, the same prevailing interest rate (20.5% p.a.) is applicable and interests will be calculated on daily basis, based on the outstanding principle amount at the end of each day. A minimum interest charge of S$5 per month will apply if there’s any outstanding debit balance within the month.


Q11. Can I use my UOB CashPlus Visa Card for overseas transactions?

Yes, you must first activate the overseas usage feature on your UOB CashPlus Visa card to enjoy the point-of-sale (POS) functionality overseas. To activate/de-activate please visit www.uob.com.sg/overseas.


Q12. Is there a limit to the amount that can be charged to my UOB CashPlus Visa Card?

Yes, there is a daily spending limit of S$2,000 on your UOB CashPlus Visa Card.


Q13. Can I increase my Visa daily limit for UOB CashPlus Visa Card?

Yes, the Visa daily limit can be adjusted with your consent via an application form.