Nation

Your Ultimate Guide to Cashing Out S$200 NS Credit from ATMs in Singapore!

2024-11-06

Author: Arjun

SINGAPORE: Exciting news for national servicemen! The Ministry of Defence has recently announced that S$200 in LifeSG credits would be distributed to all eligible servicemen throughout this month. To make withdrawing this credit a breeze, TikTok user Haiqal HSG (@hservicesg) has shared an incredibly helpful video that has taken the platform by storm, racking up nearly 120,000 views since its release on November 1.

In his popular TikTok video, Haiqal generously breaks down the entire process of how to claim and withdraw your LifeSG credits in cash using ATMs. His engaging presentation and clear instructions aim to ensure that no one misses out on their entitled funds.

Step-by-step Withdrawal Process

1. **Open Your Life SG App:** Start by accessing the Life SG app on your mobile device. Scroll until you find the section regarding NS LifeSG credits.

2. **Visit a Green ATM:** Head to a bright green ATM, which is often found near popular locations like Sheng Shiong.

3. **Select ‘PayNow’ Option:** At the ATM, look for and select the ‘PayNow’ withdrawal option.

4. **Manage Fees:** It’s important to note the S$0.20 convenience fee that applies to each transaction. You can withdraw up to S$190 in cash.

5. **Generate a QR Code:** Follow the instructions in Haiqal’s video to generate the necessary QR code for your withdrawal.

6. **Enjoy Your Cash!** His video wraps up with the encouraging phrase, “Enjoy the money!” which certainly resonates with those cashing in on these credits.

Additional Tips From Viewers

In the comments section, many viewers expressed their gratitude for the informative content. Some even shared alternative methods, like transferring the S$200 to the YouTrip app and then to their bank accounts, or using the funds in a Shopee wallet to avoid any transaction fees. Mr. Haiqal emphasized that his method was the quickest for immediate cash access.

One user sought clarity on the remaining balance of S$9.80 after the cash withdrawal, and Mr. Haiqal confirmed that it would still be available in the LifeSG app for future use, alongside details about its validity for one year.

The LifeSG credits were introduced as a recognition of the contributions made by both past and present national servicemen towards Singapore’s defence and security. Approximately 1.2 million servicemen are set to benefit from this disbursement, with each recipient receiving SMS and mail notifications about their credits.

Don’t Miss Out!

If you’re a national serviceman, ensure to check your SMS and notifications to get your piece of the S$200 LifeSG credits and use them before they expire!

Stay tuned for more financial tips and updates as we navigate the world of personal finance together!