Standchart eSaver

[lasnoblur]

wah drop liao

What if I don’t register and/or qualify for the Marathon $aver Promotion?​

You can still enjoy high yield returns of up to 2.85% p.a.
interest with your eSaver Account through the following promotion:

e$aver Savings Account Bonus Interest Promotion
Promotion period: 1 December 2024 to 31 January 2025

From now till 31 January 2025, earn up to 2.85% p.a. interest on eligible deposit balance of up to S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to November 2025 average daily balance).

Just realized the drop today. Not so attractive now.

 

[vsvs24]

Ya you can put any name you want for payee. It doesn’t have to match the receiving bank’s records to go through

It can go through. Then the paying bank may lock your account if large amount

 

[CrashWire]

The accounts that u transfer to already under your payee lists?
Because bank will not know whether the receiving account is under yr name.

This is not true. How you do think brokerages enforce that withdrawals can only be made to same name accounts?

It's more that Singapore banks don't care that names match for most transfers, because most banking apps don't even have a feature to give accounts custom names. (Imagine if all my payees were just "Lee Jun Jie Jayden".)

 

[marshmallow96]

The accounts that u transfer to already under your payee lists?
Because bank will not know whether the receiving account is under yr name.

recently i added one new payee and i pre-alarmed scb that im going to transfer money so that they will not suspend or block it.

Sian right……prefer hard token anytime

Yes it’s already in my payee list… same goes for my hub… can only say very sian… And cost us a few days in the merry go round

 

[marshmallow96]

How to know if they suspend ur account?

One banner pop up big big in your app saying your account is suspended/locked whatever…

 

[ahnyaahnya]

Sian right……prefer hard token ananytime

Agree.
Some more SCB only sends notifications and emails for withdrawals. So need to check them. Who has the time to keep checking whether there are any unauthorised withdrawals?
No SMS to alert us of withdrawals.

 

[marshmallow96]

Agree.
Some more SCB only sends notifications and emails for withdrawals. So need to check them. Who has the time to keep checking whether there are any unauthorised withdrawals?
No SMS to alert us of withdrawals.

i think the banks are all moving towards the direction to phase out sms? I also prefer sms notification - something that can get my attention immediately

 

[twosix]

Agree.
Some more SCB only sends notifications and emails for withdrawals. So need to check them. Who has the time to keep checking whether there are any unauthorised withdrawals?
No SMS to alert us of withdrawals.

If u dun like the service, feel free to move ur money elsewhere. U r the consumer dun forget. If u gian the interests, then suck thumb lor.

 

[Hwsemb]

recently i added one new payee and i pre-alarmed scb that im going to transfer money so that they will not suspend or block it.

How do we "pre-alarm" SCB that we are intending to transfer money?

Maybe they can implement "Important Notes" section, that we can write notes inside (maybe also need 2FA to write/modify the notes).

 

[twosix]

How do we "pre-alarm" SCB that we are intending to transfer money?

Maybe they can implement "Important Notes" section, that we can write notes inside (maybe also need 2FA to write/modify the notes).

If.u scared then just go to the branch to.make the transfers. This should be the easiest.

 

[vsvs24]

If.u scared then just go to the branch to.make the transfers. This should be the easiest.

Esaver need to pay for counter service

 

[twosix]

Esaver need to pay for counter service

But thats the safest method. He did not ask for free and safe method mah.

 

[ahnyaahnya]

i think the banks are all moving towards the direction to phase out sms? I also prefer sms notification - something that can get my attention immediately

I have had accounts with many banks in the last 2 or 3 years. Local banks, Malaysian banks, Chinese banks, ang moh banks.
SCB is the only one with no SMS.
Most also have physical token. Exceptions: ang moh banks and 1 Malaysian

 

[tiertime]

I have had accounts with many banks in the last 2 or 3 years. Local banks, Malaysian banks, Chinese banks, ang moh banks.
SCB is the only one with no SMS.
Most also have physical token. Exceptions: ang moh banks and 1 Malaysian

Their hotline waiting time is also atrocious

 

[marshmallow96]

I have had accounts with many banks in the last 2 or 3 years. Local banks, Malaysian banks, Chinese banks, ang moh banks.
SCB is the only one with no SMS.
Most also have physical token. Exceptions: ang moh banks and 1 Malaysian

oh cos just few weeks ago I received e-mail from DBS and one more bank (forgot which one), asking me to go online banking to confirm and update the e-mail address, cos they will move to app and e-mail for notifications... i guess it's a matter of time that sms notification will be gone...

 

[ahnyaahnya]

I also prefer sms notification - something that can get my attention immediately

Yup . Plus if you don't notice it immediately , the moment we pick up the phone , we can see that there's an SMS that has come in. So we can check it

 

[ahnyaahnya]

oh cos just few weeks ago I received e-mail from DBS and one more bank (forgot which one), asking me to go online banking to confirm and update the e-mail address, cos they will move to app and e-mail for notifications... i guess it's a matter of time that sms notification will be gone...

Oh. I didn't know that. I don't check emails one!

 

[marshmallow96]

Oh. I didn't know that. I don't check emails one!

don't think they can phase out very soon though... old folks don't check or don't have e-mail one leh... okie i also don't check often hahaha

 

[Mickey01]

oh cos just few weeks ago I received e-mail from DBS and one more bank (forgot which one), asking me to go online banking to confirm and update the e-mail address, cos they will move to app and e-mail for notifications... i guess it's a matter of time that sms notification will be gone...

yes, that's correct. More and more banks have informed they will be phasing out SMS notification to move towards email and in app notification. SCB is not the only one who have switched over completely. I guess the banks now realized that SMS can be "fake" ..... scammers may just send a fake SMS notification that you have transferred money from Bank A to Bank B (although in actual you did not make the transfer) and in the SMS ask you to click a fake link.

 

[sglandscape]

yes, that's correct. More and more banks have informed they will be phasing out SMS notification to move towards email and in app notification. SCB is not the only one who have switched over completely. I guess the banks now realized that SMS can be "fake" ..... scammers may just send a fake SMS notification that you have transferred money from Bank A to Bank B (although in actual you did not make the transfer) and in the SMS ask you to click a fake link.

More likely than not, they are switching away from SMS due to cost reasons, and using security as a reason to move away from it. SMSes are slightly less secure than emails, however given the requirement of SenderID, it makes a scam SMS more obvious.

Emails are also prone to spoofing, very similar to SMSes.