How to analyze your UOB statement and find Singapore’s hidden fees

Where money quietly leaks with UOB

A full-service bank gives you plenty of useful things, and a few quiet costs that ride along with them. With UOB, a handful of specific patterns tend to drain accounts without anyone really noticing:

• The fall below fee. When your average daily balance dips under the account minimum, a monthly charge can apply. It is easy to trip this without realising, especially in a month with one large one-off payment.
• Foreign currency and overseas transaction charges. Card payments made in a currency other than SGD usually carry an administrative fee on top of the exchange rate. A holiday or a few overseas online orders can quietly stack these up.
• Card annual fees. Credit and debit card fees that renew once a year, often long after the sign-up perk that made the card worth it has faded.
• Recurring subscriptions and GIRO payments. Streaming, apps, insurance riders, the gym, that one trial you forgot to cancel. Your statement lists them all, but the list grows faster than anyone reviews it.

Here is an illustrative picture of how those small lines add up. These are example amounts to show the shape of the problem, not real figures from any account.

Quiet leak	Example monthly cost	Example yearly cost
Fall below fee, most months	S$6	S$72
Foreign currency admin fees	S$10	S$120
Card annual fee, spread monthly	S$15	S$180
Forgotten streaming and app subscriptions	S$20	S$240
Total	S$51	S$612

None of those lines feels big on its own. Together, they are a flight home you did not book.

What FLOW finds in your UOB statement

Upload the file and VESTELON FLOW does the line-by-line reading you never have time for. From a single UOB statement it surfaces:

1. Every recurring charge and subscription, including the ones buried between everyday card payments and GIRO deductions.
2. The yearly cost of fees, so a small monthly number becomes the real annual figure you are actually paying.
3. Your top leaks, ranked, from the biggest drain down, so you know exactly where to look first.
4. What to review first, a clear shortlist instead of a vague feeling that you are wasting money somewhere.

It is not about shaming your spending. It is about seeing it clearly, once, so you can decide on purpose instead of on autopilot.

Turn the leaks into a plan

Finding the leaks is only useful if you act on them. Once FLOW ranks your charges, the next steps are simple.

1. Cancel the obvious dead weight first. The subscription you forgot you had is the easiest win on the list.
2. Watch the minimum balance. If the fall below fee keeps appearing, either keep the required balance or move to an account that fits how you actually bank.
3. Rethink how you spend abroad. If foreign currency fees show up often, a multi-currency card or account can cut that cost going forward.
4. Redirect what you recover. Every dollar you stop wasting can go straight into savings or paying down debt.

FLOW is live and in its founding phase, so you are getting in before the crowd. One upload, no bank login, and you finally see your UOB account the way it really is.

FAQ

Where do I download a UOB statement? From the UOB TMRW app under Services, then eStatements, or from UOB Personal Internet Banking under Account Services, then Manage eStatement/eAdvice. Choose the account and period, then download it as a PDF.

What UOB charges are easiest to miss? The fall below fee when your balance dips under the account minimum, foreign currency admin fees on overseas card spending, and small recurring subscriptions that renew quietly through GIRO or card billing.

Do I have to connect my UOB account to FLOW? No. FLOW reads a single statement you upload. There is no login, no account linking and no ongoing access, and your first report is free.

Is my statement data safe? FLOW only reads the file you choose to upload. It does not connect to UOB, does not ask for your PIB or TMRW password, and does not retain banking credentials of any kind.