Is EZ-Link card refundable?

Your EZ-Link card is valid for use for 5 years from the date of issue. From 1 Nov 2016, a Refund Service Charge of $1 will be charged per month for EZ-Link cards that have expired for 2 years or more. It will be deducted from the remaining stored value (if any), until the card is refunded or fully depleted.

Is EZ-Link card refundable?

Your EZ-Link card is valid for use for 5 years from the date of issue. From 1 Nov 2016, a Refund Service Charge of $1 will be charged per month for EZ-Link cards that have expired for 2 years or more. It will be deducted from the remaining stored value (if any), until the card is refunded or fully depleted.

Can you dispute a non refundable deposit?

Can you dispute a non-refundable charge? Yes. Cardholders have the right to dispute a transaction, as long as there is a valid claim.

How do I get a refund on my EZ-Link?

Visit any TransitLink Ticket Office and present your card for refund. Refund is immediate. Fill up the Manual Deferred Refund (MDR) form provided by TransitLink. Deferred refund will take 14 working days via transfer to another EZ-Link card or to a DBS/POSB bank account.

How do I treat a non refundable deposit?

If the deposit received for the purpose of the business of the company and if it is NON REFUNDABLE, the same would have been already taxed in the year of receipt since in case of Income tax, all non refundable deposits received are treated as income / expense in the year of receipt / payment.

How do I cancel my EZ-Link card?

To block your EZ-Link, login to your account via the EZ-Link app, select the EZ-Link that you would like to block and tap on the “Block” button. Alternatively, you can call the EZ-Link Hotline at 65-6496 8300 (From 8AM to 6PM daily – except public holidays).

How do I get a refund on an expired nets cash card?

Customers can get an immediate refund at any POSB, DBS Bank, OCBC Bank and UOB ATM in Singapore for up to two years from card expiry. Some banks have a shorter refund period. Alternatively, customers can request a refund at any DBS, OCBC or UOB branch, or visit the Nets Customer Service Centre (CSC).

Why do people do non refundable deposits?

This has several advantages for a landlord including accruing interest on the deposit during the duration of the tenancy as well as decreasing the chances of a tenant default. It also may mean that a landlord will have to pay tax on it immediately, because it is not in limbo, like a traditional security deposit.

Can I use EZ-Link at NTUC?

Tap to pay with EZ-Link at Singapore’s largest retailer! counters across all NTUC FairPrice supermarkets!

What is the difference between EZ-Link and nets Flashpay?

The EZ-Link card is backed by the government, while the NETS Flashpay is backed by a large banking corporation. In simple terms, they are both stored value cards, issued by different places. This does not help in making a decision on which one to use.

How do I know if a deposit is non refundable?

Non-refundable deposits are income and will appear on reports such as the Income Statement and Rental Owner Statement. If there’s even a slight chance that the resident can get the money back, you’ll want to record the money as a liability.

What is a nonrefundable upfront fee?

The nonrefundable fee, therefore, is an advance payment for the future goods and services to be provided. Set-up or mobilization costs should be disregarded in the measure of progress for performance obligations satisfied over time if they do not depict the transfer of services to the customer.

How much is a replacement EZ-Link card?

An EZ-Link card which is sold at TransitLink Ticket Offices, Concession Card Replacement Offices, Passenger Service Centres and 7-Eleven, each costs $10, out of which $5 is stored-value for use.

Can I refund expired cash card?

Due to this, there is an expiry date for all Nets CashCards to ensure a smooth user experience for our customers. Customers can get an immediate refund at any POSB, DBS Bank, OCBC Bank and UOB ATM in Singapore for up to two years from card expiry.

What is the difference between EZ-Link and nets FlashPay?

What does non-refundable deposit means?

adjective. (also nonrefundable) FINANCE. used to describe money that you pay that you cannot get back: non-refundable deposit/fee/down-payment At this point, the purchaser will have to pay a 10% non-refundable cash deposit to the auctioneer.

What is the meaning of a non-refundable deposit?

DEFINITIONS1. if the money that you pay for something is non-refundable, it will not be given back to you. You will be asked to pay a non-refundable deposit.

Does Mcdonalds accept EZ-Link?

We accept payments in the form of cash, Visa, Visa Paywave, Mastercard, Mastercard Paypass, American Express (AMEX), Android Pay, Apple Pay, Samsung Pay, Google Pay, NETS Debit, NETS Flashpay and EZ Link.

Does KFC accept EZ-Link?

Full payment must be made with EZ-Link cards/token. EZ-Link payment methods are inclusive of Concession Cards, cards tagged to credit cards and EZ-Link charms. Not valid with other promo codes, offers and discounts. Available at all KFC restaurants except KFC Jewel Changi Airport, KidZania, Sentosa, and Singapore Zoo.

Can nets be used for EZ-Link?

Apart from the NETS FlashPay card, NETS is also known for its CashCard, which can be used for carpark and ERP charges….Top Up Locations.

NETS FlashPay EZ-Link
OCBC ATM
TransitLink ticket offices

What can nets FlashPay be used for?

NETS FlashPay is a multi-purpose stored value card that you can use for traveling on buses, the MRT and LRT, shopping at retail stores and paying for ERP and car park charges. It is simple to use and can be easily loaded on-the-go either through an app or with auto top-up functionality.