Yes, you can withdraw all your money from your savings account if you need to spend it on an emergency. However, for the number of days your savings account balance falls below the minimum balance, you may be charged a S$2 or S$5 daily until your savings account balance returns to the stated minimum balance (e.g. S$1,000 for OCBC 360 or S$3,000 for POSB or DBS Multiplier). If you are looking to withdraw all your money and close your savings account, you can do so via ibanking or by visiting your bank’s branches.