No more ATM hunts or long queue for cash withdrawal!
soCash is an essential mobile app in Singapore that enable you to withdraw cash almost everywhere without the need to hunt for an ATM machine. The fintech startup partners with retailers and supermarkets in Singapore and through that, it allows you to withdraw cash from them instead.
This app allows users to withdraw amounts starting from $10 to $500 and upon selecting the amount, users will be presented with locations of the nearest shops (with the distance indicated) that they can withdraw money from.
Simple steps to withdraw money
Step 1: Open the App and choose “Withdraw”
Step 2: Choose the amount that you want to withdraw
Step 3: Click on “Find nearest cashpoint”
Step 4: Choose the shop that you want to draw money from
Step 5: Scan the QR code at the cashier with the machine
Step 6: Log in with your internet banking / paylah credential to authorise the transaction.
Step 7: Collect the money from the cashier
NOTE: There are no fees or hidden charges for withdrawing cash via the soCash app.
The soCash app, available for both iOS and Android devices, currently works with DBS and POSB banking IDs as well as through DBS PayLah.
The BEST DEAL here is that the company is giving away FREE $5 for the first time you withdraw cash with the app. (For example, if you withdraw $50, your bank deduct $45 but you get $50 in cash)
You can also unlock another $5 free cash after your 4th withdrawal. The $5 earned after the 4th withdrawal will be added to your soCash profile, $1 at a time over the next 5 withdrawals.
Looking to earn more money using soCash App, read on…