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POSB Highlights in 2019
POSB has been serving generations of Singaporeans since 1877 by providing banking facilities to children, young adults, families, seniors and the community at large.
POSB Active Neighbours programme
Programme hires and trains seniors – POSB Active Neighbours – to assist peers in digital banking services at branches
Today, some 80 Active Neighbours across our branches are serving as digital ambassadors and assisting peer walk-in customers
POSB digital literacy programme with Infocomm Media Development Authority and People’s Association
Ran digital literacy workshops, roadshows and roving clinics for seniors together with POSB branch volunteers across Singapore’s heartlands
In 2019, 400 seniors took part in the educational initiatives, with 80 seniors attaining a Smart Nation Certificate that certifies them as digitally savvy seniors
POSB Smart Buddy programme
World’s first in-school savings and payments programme using wearable technology to help encourage sensible savings and spending habits among students
Since 2017, POSB has distributed 23,000 free watches and built cashless systems in 50 schools
POSB reading programme with the National Library Board
Co-hosted the World Finals of the Kids’ Lit Quiz in Singapore, where children aged 10 to 13 competed to answer questions on children’s books
Reached out to more than 10,000 children with activities inculcating the value of thrift through storytelling sessions by POSB volunteers
POSB PAssion Run for Kids
Largest charity kids run in Singapore is now in its 11th year
In 2019, the event saw more than 6,000 participants and raised SGD 1 million for the POSB PAssion Kids Fund
SGD 9.3 million has been raised to date for the POSB PAssion Kids Fund, with 540,000 children benefitting from over 150 programmes
Partnership with Migrant Workers’ Centre (MWC) and Centre for Domestic Employees (CDE)
POSB remains the only bank to work with MWC and CDE to set up banking accounts for around 200,000 migrant workers and 30,000 foreign domestic workers
Subsidised banking services
In 2019, POSB waived banking fees for more than 2 million customers, including the young, seniors, national servicemen and people under public assistance schemes
Partnership with Singapore Prison Service (SPS)
POSB has supported 4,000 account openings for ex-offenders to help with their reintegration into society – banking fees, minimum balances and initial deposits are waived
