Now with the FAST system, switch banks only takes "a few seconds".
Now with the FAST system, switch banks only takes "a few seconds".
fast is only for fund transfer.
I need to open account.
I need to like this account to all the accounts that I have
I need to fill up forms at the HR
all this takes time. it is very troublesome.
The OCBC 360 Account is the best deal to get higher interest rates for deposits for a while (at least last 5 years). The requirements are easy to fulfill and maximum deposit of $50k (eligible for bonus interest) is relatively high compared to similar deposit accounts.
However, please be warned that OCBC can change the terms to fulfill the bonus interest rates OR even the bonus interest rate at their own discretion. Like all promotions, they usually quietly take away the perks after a while when they have fulfilled their quota.
To back up what I said, OCBC lowered the interest rates for OCBC FRANK account some time after it was launched and now the FRANK account gives negligible rates for deposits. THE OCBC 360 account has been around for a while and its interest rate on deposits was also quite low until they come up with this promotion. It is completely within OCBC control to change the terms in the bank account as they wish.
However, for those who don't mind the hassle of closing the account after they take away the perks, the interest rate is still an attractive offer.
Just my 2c
U r absolutely right.
But now with fast, everything can be shifted FAST!
Just adjust the limit of the internet transfer, although it is $25k for some banks per day.
Over 2 days the money of $50k will be out instantly.
q1 single transaction
q3 yes
does it apply for dbs bank too ? I thought the max limit for FAST is 10K per day for DBS bank, or maybe I am mistaken.
U need to set the transfer limit per day.
10k per transaction. But u get do it till hit the max transfer limit.
q2 should be yes mah
ocbc has the worst service, from what i have experienced. their bankers tend to be far more judgemental; yes i know, it's a bank. let me tell u sth that has happened to me and my mother. my mother is a premier customer (i know, no big hoot, esp with ocbc being the most wanton and have the lowest criteria). i accompanied her to a particular branch (dont want to name which branch, but those who edmw knows i stay hougang, so make ur rough guesses, the branch is close proximity). we walked into the premier side, and u know what did the staff said? the staff told us that the entrance is the other side for us. just because my mom isnt well dressed and decked in chanel she assumed she's not a premier customer? just because I wasnt in armani or gucci so i cant be a premier customer? way to look down on us. i can understand that some blur mass customer may open the door to premier side unknowingly, but really, OCBC service staff dont have the tact to say it another way other than telling us to go to the mass side? straight away assume we're poor? is OCBC hiring people with no common sense? and when i replied that my mum is a premier customer, the staff merely said "oh. i see". my experience with dbs and scb has been much better, and I have very little money there.
i know all these sounds very personal, but tell me, if ur experience has been nothing but bad with a particular bank/company or even just a hawker stall, what are the chances of u trusting their stuff and staff?
How to find out my withdrawal limit?