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Can I continue to use my CPF monies to pay for the quarterly bank charges even if I do not have $20,000 in my Ordinary Account?
You can use your Ordinary Account balance to pay for the quarterly agent banks charges, even if your Ordinary Account balance is below $20,000. The restriction on the use of the first $20,000 in Ordinary Account for CPF Investment Scheme – Ordinary Account only applies to new investments, including payments for recurring single premiums (for insurance) and regular savings plans (for unit trusts).