Deal: Get Easy $78 For… Withdrawing Cash (Act Fast)

I came across this promo and this type of deal would typically go on the Telegram group but I think it’s compelling enough to get its own post: get up to $78 simply by withdrawing cash.

3 Easy Steps:

  1. Download soCash (iOS / Android) and use code SETH0693 for additional $3 (remember to input the code before using Facebook or Google to sign in)
  2. Go to a Sheng Siong outlet and look for the green $TM machine
  3. Withdraw $500 by scanning your QR code

What happens is that you will get $500, but only $497 would be deducted (because you used my promo code 😉). Your next withdrawal will be $7.50 cheaper (1.5% cashback on $500), which means $492.50 would be deducted from your bank account for a $500 withdrawal.

Because the maximum per day is $1,000 and the monthly maximum is $2,500, here is how you should maximise this promotion before July ends:

  1. Day 1: withdraw $500 twice (get $18 cashback)
  2. Day 2: withdraw $500 twice (get $15 cashback)
  3. Day 3: withdraw $500 once (get $7.50 cashback)

Whether or not this is a hassle depends on your proximity to a Sheng Siong outlet, and even if you do only one trip, it’s still a good part of your groceries paid for.

Currently, it seems like this promo would last until the end of August, which means you could repeat the above next month… but I have a nagging suspicion the promo would be yanked anytime. It’s a free lunch, and free lunches don’t last for long.

Update 27/07/20: Here’s one situation I hate to be right: it seems like soCash has now changed the end date of this promo to 31st July 2020, so there’s only a few days left for this promo, and we won’t be able to get the same rate next month. Oh well.

Update 02/08/20: Multiple reports from the Telegram group that first $500 transaction still gets $7.50 cashback reward.

Update 04/08/20: it seems like you are still able to get 1.5% cashback for the first transaction of the day, which likely means you can still get $30 across 4 $500 transactions this month. Join my Telegram channel to keep updated.

Keep up to date on the best cashback/mile cards, savings accounts, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel. You can also ask questions in the chat!

Notable promos at the moment:

4 thoughts on “Deal: Get Easy $78 For… Withdrawing Cash (Act Fast)

    1. In the article: you get $18 for your first two withdrawals, followed by $15, and then $7.50 for this month.

      Next month you can repeat this for $15+$15+$7.50. What is so misleading here?

Leave a Reply

%d bloggers like this: