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Banks in S’pore clarify: Deposits made on auspicious date will only be credited the following day

Posted on 14 February 2016

All prosperity plans thwarted.


Thousands of Singaporeans from all walks of life, who went to deposit money into their own account to adhere to superstitions, have been told by banks that they will only have their funds credited and cleared by the next day.

This after banks in Singapore said in response to queries if money deposited today will be transacted on the same day.

But it turns out many won’t be riding on the waves of good fortune as a result, even as many Singaporeans, including non-Chinese, had flocked to deposit money while dressed in red apparel — which is proving to be an annual effort in futility to increase their wealth as banking procedures have thwarted their wealth-growing prosperity plans.

Banks are reminding customers to deposit their money one day earlier if they physically go to queue and the clearance of the funds will then coincide with the auspicious timings the next day.

Pan Tang, a local said he is unlucky this year as this fact has ruined his fortunes: “I should have done electronic banking instead. Then I wouldn’t have to come out all the way and wait for more than 30 minutes just to put money into my own bank account.”

However, not all is lost.

A spokesperson of Xi Qian Bank said there is no need for Singaporeans to come all the way to the bank just to deposit money in the hopes of getting rich: “I just want Singaporeans to know that if they want to feel rich, all they have to do is log on to their CPF account and see how much money they have inside.”

“They will feel rich looking at those numbers, for sure.”

“But poor at the same time.”






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Wang Pei can be considered a new citizen of Singapore. She has been here all her life, just that her environment's changed beyond recognition.

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