OCBC Bank customers can now withdraw cash at 7-Eleven stores islandwide
Singapore, 18 March 2016 – From today, all OCBC Bank customers can make cash withdrawals of up to S$100 each time when they make any purchase at 7-Eleven stores in Singapore. With close to 400 7-Eleven stores added to OCBC Bank’s e-channels network, OCBC Bank customers will be able to withdraw cash from some 2,000 self-service locations – more than 1,200 OCBC Bank and UOB ATMs in the shared ATM network, about 400 7-Eleven stores and 450 participating NETS merchants.
This is how it works: A customer can withdraw up to $100 per transaction (in multiples of $10) with any purchase made at 7-Eleven stores, using an OCBC ATM, debit, or account-linked credit card, subject to the cash availability of the 7-11 store cashier and his/her daily withdrawal limit. The transaction is simple, fuss-free, and only requires the customer to key in their OCBC card PIN and indicate their account type (savings or current account). The cashier will then hand over the requested amount to the customer, along with the item purchased. This service is available at all 7-Eleven stores except those located at Changi Airport and Shell petrol stations.
Mr Andrew Chang, OCBC Bank’s Head of Self Service and Payments, said: "Our partnership with 7-Eleven enables us to increase our presence at more strategic locations to make banking more convenient for customers on-the-go. This is part of our continuous effort to make banking transactions simple and hassle-free for our customers. On average, around 2.8 million cash withdrawals are made via our ATMs each month, making this the number one banking transaction. It is, therefore, very important for us to further expand our cash withdrawal service to give customers more avenues to access cash."
Mr David Goh, Chief Executive Officer of 7-Eleven Singapore, said: "7-Eleven is very pleased to partner OCBC Bank on this initiative as it is aligned with our goal to make 7-Eleven the quintessential "anytime, anywhere" store of convenience in Singapore. OCBC customers can now have close to 400 additional locations around the island to withdraw cash anytime, and we are pleased to be able to deliver this service to you as part of our continuing efforts to expand our daily service offerings to our customers."