In recognition of their contributions to Singapore’s defence and security, the Ministry of Defence (MINDEF) and Ministry of Home Affairs (MHA) are progressively disbursing $200 in LifeSG credits for all eligible past and present national servicemen.
Unfortunately, the disbursement is not provided in cash, but it is possible to fully liquidate it with some simple steps.
Where will the $200 be credited to?
Eligible national servicemen should receive $200 credits in their LifeSG mobile app by 30 November 2024, and an SMS will be sent once the credits have been disbursed.
You can download the LifeSG app on Google Play Store or Apple App Store.
How to cash out your $200 NS LifeSG credits
Follow these simple steps to fully cash out your $200 NS LifeSG credits, straight to your bank account.
The entire process shouldn’t take more than 10 minutes. Please take your time in ensuring that the steps are carefully followed.
1) Check if your $200 LifeSG credits are in
Check your LifeSG app, to see if the $200 credits are in. Once you’ve received the SMS notification, it’s likely that your $200 credits are already disbursed into your account.
I received the SMS from gov.sg on 1 Nov 2024, and saw the $200 credits reflected in the LifeSG app (scroll all the way down on the home screen).
2) Check if you have a YouTrip account
It may be possible to cash out through other methods, but I found this YouTrip method to be the simplest.
Firstly, of course, you’ll need a YouTrip account. If you don’t have one, you may sign up (for free) using my link to receive an additional $5.
3) Get the PayNow QR code from YouTrip
Now that you’ve received the credits, it’s time to cash them out!
Complete these steps to get your PayNow QR code from YouTrip:
- Open your YouTrip app
- Tap on Top Up
- Enter $200 as the top-up amount
- Tap on Generate QR Code
- When you see the QR code, tap on Save to Photos, or screenshot it
4) Top up YouTrip wallet with LifeSG credits
Now that you’ve saved the PayNow QR code from YouTrip, follow these steps to open the PayNow QR code in LifeSG:
- Open your LifeSG app, and scroll all the way down
- Tap on NS LifeSG credits
- Double-check your balance, and tap on Scan QR code to pay
- Tap on the gallery icon to select the QR code image that you have saved from YouTrip (be sure to select the correct image!)
Next, follow these steps to complete the top-up:
- Check that the LifeSG app recognizes the QR code with the correct organization name (YOUTECH) and amount ($200)
- Slide to Confirm the payment
- Look out for the payment successful message
- Check your YouTrip wallet balance (the top-up should be instantaneous)
5) Transfer the money from YouTrip to your bank account
You’re almost done!
Follow these steps to choose the amount to transfer from your YouTrip wallet to your bank account:
- On the YouTrip home screen, tap on Transfer
- Tap on Withdraw to Own Account
- Enter the amount to withdraw ($200)
- Tap on Select Transfer Method
Next, follow these steps to move the money from your YouTrip wallet to your bank account:
- Choose the method to transfer your funds from your YouTrip wallet
- Check the transfer amount and Slide to Transfer
- Check that you have received the amount in your bank account
💙 Hope this guide helped my fellow NS bros. Follow Suitesmile on Telegram for legit Travel and Finance hacks, like the following recent posts:
- Roundtrip flights to Seoul for S$299, incl. 30kg baggage
- Roundtrip flights to Taipei for S$201
- Roundtrip flights to Paris on SQ for S$828
- Get 15 – 30% hotel discount every single time
- Get $380 cash, after signing up for a credit card and spending $500
- Get $60 in cash and vouchers, just for opening brokerage accounts
Can I transfer the 200 to my Singapore pools account?
Thanks for the great hack, just the linking of the bank account and method of transfer is a bit confusing, otherwise is just waiting few mins from installing to getting the money in my bank is about 25mins or less. Thanks for the referral bonus, mutual win
Really great advice and method to get your cash 100%, unlike the Sheng Shiong cash machine that have fee to make you can’t fully withdraw and you will be left with some leftover on the LifeSG account, which would be a waste if you can’t spend it to empty. Overall, the instruction is clear and simple.
The only thing I want to mention is that I can’t transfer the bonus $5 from the referral link. I’m not complaining though, I can only transfer my own $200 instead of $205, but at least I can transfer my own money, so that’s that.
Glad it helped. If you want, you may clear off that $5 by paying your telco/utilities bills partially.
Hi bros,
I managed to transfer to youtrip account but when i go into youtrip app, trying to paynow to my own bank, it does not work
There is a little sentence that says “SGD available for withdrawal is $0.00”
Just followed each procedure step-by-step as per your instructions and I have completed the transaction. Money in my account successfully.
Thank You for the excellent information bro. Super appreciate it. Keep up the good work and following you now on various platforms to see what other tips and life hacks you can offer. All the best to you. 5⭐️⭐️⭐️⭐️⭐️ information on NS credit to cash info. 👍👍👍
Just tried this today…works like a charm! Thanks bro!
Can use sheng shiong cash machine to withdraw the NS Life $200?
Probably still can, but with the $0.20 fee, you would be left with a balance of S$9.80 in LifeSG.
How does someone residing overseas (No SG registered mobile number) transfer these funds to their existing DBS account?
Hi, i have updated the YouTrip wallet balance. But when i transfer back to either hp no or bank account, it does not work. under recent transactions, it is reversed. any reason?
Did you transfer to your own bank account? Or someone else’s?
own bank account.
Thank you for the guiding , simple and easy 👍🏼
downloaded youtrip
after creating the account…it says :
Thank you for applying for youtrip
We’ll notify as soon as we’ve processed your application.
????
Cheers
Method works with full amount transferred out of “LifeSG”.
Thanks buddy. 😉
great.. work perfectly this method..Thks
Thank you! Did it for my bf and it worked!
THANKS BRO!, IT WORKED! Got your youtrip referral too!
Thanks bro. It worked!
Hey,
I was a bit nervous at first about transferring to YouTrip and wonder will it transfer back to my own account. Hold my fingers and voila!
It was a success.
Thanks a lot ya.
Thanks so much bro.Life saver!!
transferred to youtrip but no records on LifeSG and youtrip not showing the balance. Any ideas? Maybe a trip to Sheng Shiong might be safer.
Bro, how come lifesg app says invalid QR code
Bro once u transfer your money to your gf’s account, u can say bye bye to the $200
Thanks bro..you are a lifesaver 🙂
I don’t have YouTrip so can I transfer it to my gf’s youtrip account and ask her to withdraw for me?