Standchart eSaver

[IamBeeP]

So to be able to get continuous fresh funds in SCB, the steps are to

1)Set up and save on individual account first (fresh fund assuming no prior savings in SCB)
2) After the promotion period for the individual account, withdraw the funds from the individual account and FAST out to another bank, then FAST back in to the joint account. (fresh fund as if the funds is from another bank, need to set up joint account if not yet set up)
3) After the promotion period for the joint account, withdraw the funds from the individual account and FAST out to another bank, then FAST back in to the individual account ((fresh fund as if the funds is from another bank).
4) repeat steps 2 and 3.

Please correct me if I am wrong

For me is:-
1st month, $$ in scb A & 360
2nd month, fast $$ from 360 to scb B first. Then only fast out from scb A to 360. As long as u deposit $$ in one account first, and then withdraw from another, banks can't find fault with you.

But now using dash account. Next month will start 'replay' this again.

 

[Trazora]

For me is:-
1st month, $$ in scb A & 360
2nd month, fast $$ from 360 to scb B first. Then only fast out from scb A to 360. As long as u deposit $$ in one account first, and then withdraw from another, banks can't find fault with you.

But now using dash account. Next month will start 'replay' this again.

Thanks, nice strategy.

 

[zoossh]

Traz

correcto

 

[Trazora]

Traz

correcto

Ok thank you

 

[cybercom8]

Does transfer from joint account to single account count as fresh funds?

they told me no...because IB can see its still from scb acct

so one way is to withdraw cash from one scb acct and deposit into the other scb acct

 

[zoossh]

Ok thank you

tips here.

1. would be advisable to take up privileged banking status (200k) as there is no requirement to keep 1k min balance and records are cleaner.

2. fast to other banks cannot leave zero balance, but transfer between scb accounts can. open dash account and keep a cent there. trf 1ct from dash to esaver, all out, leave 1cent, then trf 1ct from esaver to dash. that is to keep a clean slate before all promotions. also u wont have to worry that u drop below the tier if u happen to have 49999.99 fresh fund cos u have 1 cent balance in previous month that u cannot fast out.

3. mon-sat till 1130/1140pm still safe to fast in and fast out. sunday fast in and out may get posted on next day (based on memory long time ago, but i may be wrong).

if pair with ocbc, do note ocbc on sun/PH and after 930pm mon to sat, will put value date as next day for fasting.

 

[zoossh]

Does the 30 days rule apply to withdrawal from "A" esaver account to 3rd party bank and immediately deposit to "AB" (joint) esaver account?

in practice, dun seem to apply.

 

[bladez87]

For me is:-
1st month, $$ in scb A & 360
2nd month, fast $$ from 360 to scb B first. Then only fast out from scb A to 360. As long as u deposit $$ in one account first, and then withdraw from another, banks can't find fault with you.

But now using dash account. Next month will start 'replay' this again.

Why complicate the process?
Just trf from a to b will. Then next promo trf b to a.
I have been doing this for a few years Le. Only for bonus savers etc, those special promos, then need to trf out to ocbc then back.
Esaver is automated process. No need to go through external account.

 

[Trazora]

Why complicate the process?
Just trf from a to b will. Then next promo trf b to a.
I have been doing this for a few years Le. Only for bonus savers etc, those special promos, then need to trf out to ocbc then back.
Esaver is automated process. No need to go through external account.

So one is individual account another joint account?

 

[IamBeeP]

Why complicate the process?
Just trf from a to b will. Then next promo trf b to a.
I have been doing this for a few years Le. Only for bonus savers etc, those special promos, then need to trf out to ocbc then back.
Esaver is automated process. No need to go through external account.

Play by the rules. Don't want to kena the so call 'not fresh fund'.
I know that a lot of ppl says scb don't bother. But just play safe.

 

[IamBeeP]

So one is individual account another joint account?

Yup. I'm also trading using scb. Scb esaver. So interest of at least 1.4% while my fund is idling is quite ok for me.

 

[hwarzoner]

hi guys i log in to my online account and saw the top banner shows priority banking, means i am now got priority banking status??

 

[shareholder]

hi guys i log in to my online account and saw the top banner shows priority banking, means i am now got priority banking status??

Yes. Congrats on the new status.

 

[hwarzoner]

Yes. Congrats on the new status.

oh ok thanks, bcos never sign anything

 

[Steyr69]

So rich sia....

Sent from Asus ME173X using GAGT

 

[limster]

So rich sia....

A lot of people here have >$200k share portfolio. Only question is whether willing to move it to SCB to get priority banking.

 

[havetheveryfun]

esaver promo ended ? usually they post the new rates up by this time... (last day of the month)

 

[stjoe1]

Usually first day on the period.. Today can transfer out already, interest in?

esaver promo ended ? usually they post the new rates up by this time... (last day of the month)

 

[hwarzoner]

esaver interest in about $500

not sure tmr what is the interest rate.

 

[chiokcc]

Usually first day on the period.. Today can transfer out already, interest in?

I would advise u to transfer out tomorrow. If you do it today, they may crawl back one day worth of interest already paid out. I kena before ...