Motorists unable to pay ERP toll charges will soon be history
26 May 2015|3,044 views
The Straits Times reported that Nets will be launching the vCashCard with the Land Transport Authority (LTA) on Thursday.
It allows motorists to pay electronic road pricing (ERP) charges even when they have no physical CashCard in their in-vehicle units (IUs) or if a CashCard is there but has run low on funds.
Motorists caught with insufficient funds or without a CashCard in their IUs pay an administrative fee of $10, on top of the ERP charges they owe. To use the new service, motorists should register for a vCashCard account via the Nets website at vcashcard.nets.com.sg
This account is first topped up with $50 from the registered credit or debit card or bank account. ERP charges are deducted directly from the vCashCard account when there is no physical CashCard in the IU.
If you have a card in the IU when passing through a gantry, it works as usual and ERP charges will be deducted from it.
When funds in the vCashCard fall below $10, the virtual wallet will automatically be topped up with $50 from one of your accounts linked to the wallet. Nets Chief Executive Jeffrey Goh said, "It's worry-free, there's no monthly maintenance fee except for a top-up fee from time to time when you run out of cash."
Subscription to vCashCard is free, and the top-up fee each time is 50 cents, but that will be waived for motorists who sign up with a United Overseas Bank card or Internet banking account, for the first year. Mr Goh said Nets is open to working with other banks as well for this promotion, adding that banks can consider promoting this 'as part of their service'.
The Straits Times reported that Nets will be launching the vCashCard with the Land Transport Authority (LTA) on Thursday.
It allows motorists to pay electronic road pricing (ERP) charges even when they have no physical CashCard in their in-vehicle units (IUs) or if a CashCard is there but has run low on funds.
Motorists caught with insufficient funds or without a CashCard in their IUs pay an administrative fee of $10, on top of the ERP charges they owe. To use the new service, motorists should register for a vCashCard account via the Nets website at vcashcard.nets.com.sg
This account is first topped up with $50 from the registered credit or debit card or bank account. ERP charges are deducted directly from the vCashCard account when there is no physical CashCard in the IU.
If you have a card in the IU when passing through a gantry, it works as usual and ERP charges will be deducted from it.
When funds in the vCashCard fall below $10, the virtual wallet will automatically be topped up with $50 from one of your accounts linked to the wallet. Nets Chief Executive Jeffrey Goh said, "It's worry-free, there's no monthly maintenance fee except for a top-up fee from time to time when you run out of cash."
Subscription to vCashCard is free, and the top-up fee each time is 50 cents, but that will be waived for motorists who sign up with a United Overseas Bank card or Internet banking account, for the first year. Mr Goh said Nets is open to working with other banks as well for this promotion, adding that banks can consider promoting this 'as part of their service'.
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