HOORAY for those that doesn’t keep much money in your POSB accounts.
POSB will be renaming selected POSB savings accounts with effect from 16th June 2019. However, your account number, statement, payment arrangements (if any) remain unchanged.
From what I see, It’s changing for better. Key changes will be a revision of average fall below fee and removal of branch service fee of $2 (if cash withdrawal is within ATM cash withdrawal limit).