The Government previously announced that there will be cash payouts of up to $700 for eligible Singaporeans in December, as part of the Assurance Package and the Cost of Living Special Payment.
The cash payouts are part of the packages to help offset the rising costs of living from the impending GST hike that was announced.
OCBC customers received their cash payouts yesterday (1 December), while some DBS and POSB customers have also since received their payouts earlier today (2 December).
The payouts were disseminated via PayNow or iBanking accounts that are linked to the customer’s NRIC, while those who have opted for bank transfers will need to wait a little longer.
Following the news of the payouts being given out, the DBS iBanking app was down due to heavy traffic.
Govt’s statement on payout dates
Assurance Package Cash
If you are eligible for the AP Cash, you will receive the benefits in December each year, from 2022 to 2026.
Starting from 2022, we will no longer be issuing cheques. You are encouraged to link your NRIC to PayNow to receive your benefits earlier. If you do not have a PayNow-NRIC-linked bank account but have provided your bank account number to the Government previously, you will receive your benefits via bank transfer. If you do not have a bank account, the benefits will be credited to you via GovCash.
| What you need to do to receive your AP Cash in 2022 (if eligible) | Payment Date |
|---|---|
| No action is required. Contact your bank to link your NRIC to PayNow by 20 November 2022, if you have not done so. Otherwise you can also update your bank account details with us through our e-services by 3 December 2022. | For PayNow: 5 December 2022 For Bank crediting: 12 December 2022 For GovCash: 14 December 2022 |
If your eligibility has been reassessed recently, you will receive your AP Cash automatically, no action is required.