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OCBC waives ATM fee for banking customers subscribing to its rights issue

Published on Aug 28, 2014 4:34 PM
 
Local bank OCBC is making use of its ATM network and popular 360 Account to make its recently announced rights issue more attractive for its customers. -- PHOTO: ST FILE

SINGAPORE - Local bank OCBC is making use of its ATM network and popular 360 Account to make its recently announced rights issue more attractive for its customers.

The lender said on Thursday that OCBC shareholders who subscribe for their rights shares at OCBC ATMs will not have to pay the usual $2 ATM fee - but only if they use an OCBC ATM card to apply for it.

This means United Overseas Bank (UOB) cardholders will not be able to enjoy the fee waiver. OCBC and UOB share their ATM network, allowing their cardholders to use the other bank's ATMs.

To further sweeten the deal for its customers, OCBC said shareholders who subscribe for their rights shares at the bank's ATMs using their OCBC 360 Accounts stand the chance to earn bonus interest of 1 per cent.

 
If you are not a subscriber, you can get instant, unlimited access here

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