Tier 1 - Basic Money Management

The Association of Banks in Singapore (ABS) and the eight major retail banks - ABN AMRO, Citibank, DBS Bank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and United Overseas Bank - have come together to produce a comic book, "Are You A MoneySENSible Family". The comic book takes a light-hearted look at some of the common money management problems faced by families in Singapore and provides practical tips for families in managing these problems.

This leaflet covers the types of banking accounts available for consumers, as well as things to keep a lookout for when opening a new account. Click here to download the guide in English (PDF, 173KB), Chinese (PDF, 3.81MB), Malay (PDF, 857KB) or Tamil (PDF, 7.40MB

Launched by Singapore Deposit Insurance Corporation (SDIC), the guide aims to help consumers understand what deposit insurance is about and how the Deposit Insurance Scheme in Singapore works. Download the guide (English (PDF, 504KB ), Chinese (PDF, 8.62MB), Malay (PDF, 511KB) and Tamil (PDF, 11.7MB) in pdf.

This guide highlights key issues you should consider before borrowing and provides a worksheet to help you assess your credit situation. Click here to download the guide in English (PDF, 459KB), Chinese (PDF, 4.24MB), Malay (PDF, 5.57MB) and Tamil (PDF, 3.75MB).

Produced by ABS, this guide lists down important questions that you should ask yourself and the bank/credit card company before taking up a credit card. The guide also helps consumers to understand the credit card monthly statement, terms and conditions of using a credit card, as well as the fees and charges applicable to credit cards. Download the guide (English (PDF, 190KB ), Chinese (PDF, 3.01MB ), Malay (PDF, 671KB ), Tamil (PDF, 4.45MB)  ) in pdf.
 

Taking care of your credit cards is essential to protect yourself against credit card fraud.  Even after banks introduce a cap on cardholders’ liability with effect from 1 November 2009, you will need to continue to safeguard your credit cards. The banks can still hold you liable for unauthorised transactions charged to your card if you have acted fraudulently, with gross negligence or failed to notify the card issuer as soon as you become aware that your card has been lost or stolen.

Produced by ABS and Consumer Association of Singapore (CASE), this leaflet provide some tips on how to protect yourself. Click here to download the guide in English (PDF, 1.28MB), Mandarin (PDF, 1.32MB), Malay (PDF, 1.48MB) or Tamil (PDF, 260KB).

This guide takes you through areas that you should consider when buying a home and taking a home loan, and includes a worksheet to help you assess affordability before buying a home.

This guide introduces consumers to the common features of a home loan (e.g. fixed rate vs variable rate loans; fees and charges) and what to look out for and the key questions to ask the bank before taking a home loan. Download the guide (English (PDF, 2.88MB), Chinese (PDF, 996KB),  Malay (PDF, 2.29MB), Tamil (PDF, 156KB) in pdf.

ABS is an industry association comprising local and foreign banks who are licensed by MAS to carry out banking business in Singapore. Produced by ABS, this Guide explains the terms and conditions for financing your car, how interest is computed on your car loan as well as implications of early repayment. The guide lists some questions you should ask your bank before taking up a car loan. Download the guide (English (PDF, 504KB), Chinese (PDF, 3.70MB), Malay (PDF, 992KB), Tamil (PDF, 4.12MB) in pdf.