ocbc 360 account

[sglandscape]

Given that Fed is unlikely to drop interest rates for this year at least, OCBC prob would not drop the savings account bonus interest rates in the coming months. UOB is going to take a big hit due to misjudgement of Fed rate cuts. I am not surprised their stocks are going to drop.

This is at best half the story. What drives the interest rate here also has MAS policy (unchanged as announced this week), and also loan demand here.

Even if the Fed does not cut rates and there is no demand, the banks would not pay more for deposits since they can't lend it out.

 

[yslvlys]

Given that Fed is unlikely to drop interest rates for this year at least, OCBC prob would not drop the savings account bonus interest rates in the coming months. UOB is going to take a big hit due to misjudgement of Fed rate cuts. I am not surprised their stocks are going to drop.

Might gain as well as their loan also cheaper and will attract more people to loan?

 

[SweetChildOhMine]

I did not manage to get the "Increase your average daily balance by at least S$500 monthly."
How did you guys do it to ensure you will get this bonus?

 

[petromax]

I did not manage to get the "Increase your average daily balance by at least S$500 monthly."
How did you guys do it to ensure you will get this bonus?

If you have 10,000 at beginning of month, then on 16th you top up 1,000 so it becomes 11,000 and remain until end of month, then you have 10,500 average daily balance for that month, so you would get the bonus.

If you are too lazy to count, can also see from the account details, it will show you the "Average daily balance increase vs. last month".

 

[SweetChildOhMine]

because salary is credited to this account to receive the "Credit your salary " bonus. So we need to calculate how much we cannot withdraw or use from the salary portion?

 

[bargin]

because salary is credited to this account to receive the "Credit your salary " bonus. So we need to calculate how much we cannot withdraw or use from the salary portion?

U still can withdraw from salary portion after credited into the account for salary bonus

 

[bargin]

I see some people asking for the excel. Here it is.

OCBC360-Share2024.xlsx

You need to input "Month Start", "Last month ADB", spending and earning. Just give estimate of "Last month ADB" if you don't know. Jan/Feb 2024 onwards it should work properly, just need to update spending and earning.

Disclaimer: No guarantees, not working don't come look for me.

I did not manage to get the "Increase your average daily balance by at least S$500 monthly."
How did you guys do it to ensure you will get this bonus?

read the above post by bro bakasora which provide a spreadsheet to work on the saver bonus

 

[dailou]

Does anyone try to appeal, no meeting the grow bonus, possible to claim back?

 

[addict951]

How much are y’all putting in on thurs-02 May ar? Is it $1497 (Fri take out $1k) or $517?

 

[Seiigaku]

I did not manage to get the "Increase your average daily balance by at least S$500 monthly."
How did you guys do it to ensure you will get this bonus?

Just need to transfer $510 at the 1st day of the month. (extra $10 for backup)

Then when the salary is credited, just make sure to transfer all the salary out on the same day.

How to ensure you transfer salary out on the same day?
1. You can set phone notification under Account -> Manage (top right) -> Manage deposit e-Alerts -> notify if there is a transaction credited above a certain amount.
2. Can just set it to some low amount, e.g. $200.
3. So when your salary is credited, you will receive the notification immediately and you can transfer out immediately too.

By immediately increasing $510 on 1st day, and immediately transferring out your salary, you are guaranteed to have average daily balance of at least $500.

 

[Joseph99]

Hi all, 1 may is ph. If I trf in 100k on 1 May, will it value date 1 or 2 may ?

 

[sellipad2]

I read rumours say next month will announce, June will drop.

Wanted to open ocbc 360, but if really will drop then save the trouble liao

 

[HoGnix]

Just need to transfer $510 at the 1st day of the month. (extra $10 for backup)

Then when the salary is credited, just make sure to transfer all the salary out on the same day.

How to ensure you transfer salary out on the same day?
1. You can set phone notification under Account -> Manage (top right) -> Manage deposit e-Alerts -> notify if there is a transaction credited above a certain amount.
2. Can just set it to some low amount, e.g. $200.
3. So when your salary is credited, you will receive the notification immediately and you can transfer out immediately too.

By immediately increasing $510 on 1st day, and immediately transferring out your salary, you are guaranteed to have average daily balance of at least $500.

Basically transfer out any money other than your increased 500 per month you put in. Include any bonus earned.
For the Monthly increased 500 amount, you can either transfer in 500+. On the first day every month or transfer 1000+ On 16th day* every alternate month. Avoid transfer On Sunday and Public holidays.
* if the month has 31 days, need to transfer $17 more.

 

[reflecx]

Hi all, 1 may is ph. If I trf in 100k on 1 May, will it value date 1 or 2 may ?

2 May

 

[demoforce1]

How much are y’all putting in on thurs-02 May ar? Is it $1497 (Fri take out $1k) or $517?

mine is $514

 

[bakasora]

I forgot to transfer salary out within last month. Yesterday did the transfer instead, now ADB is 0.
Gone case? Missing this month's save bonus? I should just transfer the rest and remain $100k?

 

[TickTechToe]

For $500 credit card spending bonus, is it based on single credit card or I can combine 2 credit cards to achieve the minimum $500 criteria?

 

[mp4005 help]

https://www.ocbc.com/personal-banki...RAhISQgOekwAlm_pRLRoC9YgQAvD_BwE&gclsrc=aw.ds


new promo .. rates are the best for new to ocbc 360 and meet the save, salary and spend.

salary can now pay now and giro in.

7.6% on first $75k and 7% on remaining $25k.


Read HWZ Forum Rules!

 

[a4973]

https://www.ocbc.com/personal-banking/deposits/360-savings-account?cid=Mass:accounts:360Acc:AlwaysOn:Acquisition:Apr:2024:sem::Google-SearchPT-Brand:RSA:cbc 360 account:&ds_rl=1282166&ds_rl=1282172&gad_source=1&ds_rl=1282172&ds_rl=1282166&gclid=CjwKCAjwouexBhAuEiwAtW_ZxwL_2HvRYs_mT3XPaFuKcWuxFPKzV6-qccfRAhISQgOekwAlm_pRLRoC9YgQAvD_BwE&gclsrc=aw.ds


new promo .. rates are the best for new to ocbc 360 and meet the save, salary and spend.

salary can now pay now and giro in.

7.6% on first $75k and 7% on remaining $25k.


Read HWZ Forum Rules!

The part about salary can Paynow in, must the payee account be a corporate account? All along can giro in but must be from a corporate account right? Thank you

 

[mp4005 help]

The part about salary can Paynow in, must the payee account be a corporate account? All along can giro in but must be from a corporate account right? Thank you

no idea. it is a new thing I just saw update.

I would assume they follow UOB. so can be from anywhere. as that is how UOB registers it.

but it is so new , need to rest for one month. OCBC don't have the tracker like UOB.


Read HWZ Forum Rules!