cash card query. help me if you know the answer.

[mi5trooper]

1. we go 7-11 (or etc) to buy cash card, we pay $7. the card itself will have $5 value.

2. my question is $2 is the card price. or $2 is the deposit?

3. many years ago, when we want to expire or terminate our cash card, we go to the atm machine, take out the value and mail the card back to dbs bank. dbs bank will return $2 to us.

4. what is the practice nowadays?

 

I have a cash card that i want to terminate. i know i can go atm and select "cancel cash card" and the value should be return to my bank account. But what happen next? do we send the terminated cash card back to somewhere? do you just throw away the cash card? or etc.

 

 

i need information with regard to this issue. pls help me if you know the answer.

[loufu]

bro the cashcard i juz bought last mth is $10 wif $3 cash inside...

[loufu]

How to Get a NETS CashCard Refund

If you wish to refund your CashCard, you may do so at:

1.

Any Automated Teller Machine (ATM) of DBS/POSB, OCBC and UOB for an immediate refund.

2.

NETS office at 298 Tiong Bahru Road, #04-01/06 Central Plaza (beside Tiong Bahru Plaza)

during office hours.

Mondays to Fridays 9.00am – 5.00pm

Saturdays 9.00am – 12.00pm

 

Note:

1.

Refunds for some organisation specific CashCards® cannot be obtained at the ATMs. Please refer to the respective organisations on the necessary arrangements.

2.

You are given a grace period of up to two years after the card has expired to obtain a refund. After the two-year grace period expires, the S$2 deposit and a S$1 service charge will be deducted from the CashCard every month until the balance is depleted.

 

 

found tis on nets website...

[mi5trooper]

thanks bro.

 

i saw the ATM "cash card refund" selection. After select the option, the cash card is the with me. of cos, the cash card cannot be use anymore. Do we throw away or have to send to somewhere.

 

when we use the "cash card refund" option via ATM, presuming that the card still have $10 value in it. Do we expect to see $12 refund, or $10 refund?

 

Sorry, if the question sound silly. I am hopping to get the answer once and for all then i will stop thinking about it.

 

under your reply, "note question 2". i do not understand the $2 deposit and $1 service charge.

 

 

For your infomation, the cash card i have is purchase from 7-11. i have about 10 card now. (yes, i keep forgetting to bring cash card and have to buy new one from 7-11 when i am half way going to work)

 

How to Get a NETS CashCard Refund

If you wish to refund your CashCard, you may do so at:

1.

Any Automated Teller Machine (ATM) of DBS/POSB, OCBC and UOB for an immediate refund.

2.

NETS office at 298 Tiong Bahru Road, #04-01/06 Central Plaza (beside Tiong Bahru Plaza)

during office hours.

Mondays to Fridays 9.00am – 5.00pm

Saturdays 9.00am – 12.00pm

 

Note:

1.

Refunds for some organisation specific CashCards® cannot be obtained at the ATMs. Please refer to the respective organisations on the necessary arrangements.

2.

You are given a grace period of up to two years after the card has expired to obtain a refund. After the two-year grace period expires, the S$2 deposit and a S$1 service charge will be deducted from the CashCard every month until the balance is depleted.

 

 

found tis on nets website...

[mi5trooper]

wa. really? my god, the price increase?

 

the last card i have is purchase 3 month ago. maybe i am outdated.

 

bro the cashcard i juz bought last mth is $10 wif $3 cash inside...

[abdullahyishuni]

so expensiveee? cnt be

[mi5trooper]

well, i am going to contact the bank and enquire. i will update here.

 

i will also, refund my cash card on uob atm machine. then check the refund value i get to see if the deposit is refund or not.

 

i just got a lta letter saying that the erp device detect i have a card but may be faulty. told me to change card. so base on my current usage pattern. i should be require to change a cash card every 3 month. (heavy user and not gentle too)

[loufu]

wa. really? my god, the price increase?

 

the last card i have is purchase 3 month ago. maybe i am outdated.

 

i bought at popuplar bookshop de... coz 7-11 de tell me sold out..

 

 

so expensiveee? cnt be

 

ya, i bought at tat price... juz bought recently cannot b forget or mix up the price de...

[Merphisto17]

$10 c/kad got $3 value? So ex ah ur kad? Gold coated izit? Juz bought mine at esso the same value as i bought 4 years bck. $7 wif $5 value.

[bapecraze]

loL.. i brought a new card at shell petrol station.. $7 with $5 value inside..

 

IF U REALLY BROUGHT A CARD $10 WITH ONLY $3 IN IT UR CARD MUST BE GOLD PLATED! 24K PURE GOLD I THINK..

[panclanrider]

Let say now your card shows a stored value of $1.00 when you insert it into the IU, when you do a cash card refund at the ATM, the value refund to you will be automatically be $3.00.

[mi5trooper]

sorry guy. i was saying that i will test with my card to refund in the atm. i have to put to hold. i am ram in the behind by a car at CTE today. sigh..

 

(p/s: good news is no broken bone)

[panclanrider]

ahhh ic

so the card can throw away liao:thumb:

 

Yeah..

 

That's what I did to mine two days ago...

[madman]

you will get the refund of the value in the card, plus the deposit of $2 back together in your acct if you do thru atm.

 

then the card will be rendered useless by the machine, it will show error after you get a full refund (including the deposit). you can throw the useless card away after that. cant top up and if you try to do a refund again, atm will tell you the card has been refunded etc... on xxx xxx date.

 

this is for posb atm, other banks may vary from above.

[mi5trooper]

many thanks for the info. this is the exact info i am trying to look for. once again, thanks. james.

 

you will get the refund of the value in the card, plus the deposit of $2 back together in your acct if you do thru atm.

 

then the card will be rendered useless by the machine, it will show error after you get a full refund (including the deposit). you can throw the useless card away after that. cant top up and if you try to do a refund again, atm will tell you the card has been refunded etc... on xxx xxx date.

 

this is for posb atm, other banks may vary from above.

[WAI]

Tried with OCBC ATM , refunded amount would be the remaining value PLUS the deposit value of S$2/=

 

Anyway, bought cash card at 'Cheers' today S$7/= each with a stored value of S$5/=