Get free $60 cash with Dash - by Singtel and Standard Chartered bank

Who doesn't like free money when it's given out? I just signed up for a new Dash account and was instantly given $10 cash deposited inside my account. To get another $50, you just have to put in $8000 into the newly opened Dash easy savings account by 31 July and $50 will be credited to your account by 31 August 2014. Another thing is the savings account lets you earn higher interest rates up to 1%. It is currently at 0.3% and is still going up. Opening the account can be done easily and entirely through your phone. Don't even have to go down to the bank. Just download the app from Apple's app store or Android's play store.

What is Dash?

They have been aggressively marketing this and i've seen the whole MRT train filled with posters of it. Dash is an innovative mobile money service created by SingTel and Standard Chartered. Yes, the Telco is gaining its foot into the financial industry. Dash lets you send cash to friends, spend at shops and cabs all on your mobile phone. The savings account also lets you save at higher interest rates up to 1%.

I think this is just the beginning of what is to come in the future. When it gets more popular and more retail shops and businesses accept this form of payment, it will definitely revolutionise the way we pay for the things we buy or the services we engage. The idea is to make money easily accessible without the need of an ATM. 

Currently Dash partners includes:

Adidas

ComfortDelgro Taxi

G2000

KFC

KOI cafe

Pizza Hut

Prime Taxi

Singtel Shop

SMRT Taxi

Spinelli

Topshop Topmen

Watsons

Dorothy Perkins

Ben Sherman

and a few others...

As mentioned earlier, open an account and you will get a complimentary $10. Don't need to go down to the bank or mail in any documents. Everything can be done on the app itself including uploading of your NRIC. For more information, please visit www.dash.com.sg.

This video gives a good overview of how Dash works:

*Disclaimer - This is not a sponsored post. This is what I have personally signed up for and tried it itself. 

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