'A $1,500 daily balance is not easy. $2 is the price of a meal. POSB should not forget its mission as a people's bank.'

MR TAY SENG HUAT: 'POSB's reputation remains as a people's bank, as it was when it opened. But last year, POSB introduced a charge of $2 if the average daily balance in one's bank account falls below $1,500. We have just clawed our way out of recession and every dollar counts for many Singaporeans. To keep a $1,500 daily balance is not an easy feat and $2 is the price of a meal for many. POSB should not focus its sights on its profit sheet alone and forget its original mission as a people's bank.'