Before you make a nomination, please note that:

  1. this nomination shall supersede any previously made nominations;
  2. this nomination form must be signed in the presence of 2 witnesses present at the same time (date of signature must be the same). Both witnesses must be at least 21 years old and must not be a nominee themselves. You cannot be a witness. We would encourage you to complete this form before our Customer Service Officers at our office who can be your witnesses and clarify any questions you may have in respect of the nomination process;
  3. if you choose to make a nomination, the Society shall be authorised, subject to (4) and (5) below, to distribute all monies standing to the credit of your account in accordance with this nomination which shall supersede any other properly executed Will, Grant of Probate/Grant of Letter of Administration or Inheritance Certificate purporting to deal with such  monies. For the avoidance of doubt, interest shall automatically cease to accrue on the date of your death;
  4. monies standing to the credit of any fixed deposit held with the Society shall be distributed in accordance with the terms and conditions for fixed deposits; in the case of a joint account, if you are the surviving account holder, the Society will be authorised, upon your death, to distribute all monies standing to the credit of your joint account in accordance with (3) above;
  5. the Society shall be entitled to deduct from any monies standing to the credit of your account, all documented out-of-pocket costs and expenses it reasonably incurs in connection with the acceptance and administration of your nomination. This includes but is not limited to the costs of engaging legal counsel (on a full indemnity basis) to advise, defend or comply with any claims, actions or proceedings commenced against the Society by any of your nominee(s),  trustee or beneficiary(ies) (as the case may be). Absent manifest error, any determination, statement or certificate  provided by the Society in this regard shall be binding and conclusive;
  6. each individual nominee stated must be a natural person. By definition of a natural person, it means a human being as opposed to a non-natural person which may be an organisation or a business entity;
  7. you shall keep the Society informed of any changes to the address of your nominee(s) or trustee, if applicable. All notices posted or sent to the last known address in our records shall be deemed to be duly served;
  8. if any of your nominees is below the age of 21 years at the time your monies are paid out and: (a) you have not appointed a trustee, (b) the Society is not able to locate the trustee and/or (c) the trustee is unable or unwilling to act, the Society  shall forward that nominee’s share of such monies to the Public Trustee for administration until he/she reaches 21 years old;
  9. if any of the nominee(s) is an undischarged bankrupt at the time your monies are paid out, the Society will be legally obligated to inform the Official Assignee (OA) of any assets that are due to him as his estate is vested in the OA by virtue of the laws in Singapore relating to bankruptcy;
  10. the original, duly completed and signed Nomination Form must be submitted by hand or by post to the Society for registration. Any form submitted by fax or email shall be rejected;
  11. you must sign against all amendments made in this form. Do not use any correction fluid/tape which will render the form invalid; and
  12. the Society may refuse to accept your nomination form if the form is incomplete.