BOC SmartSaver

[Trazora]

ya..this amount will be short of 0.005 to 0.008% of interest
how come sia?

correct what

0.5%×80,000×31÷365 = 33.97
0.3%×80,000×31÷365 =20.38

base interest already credited earlier

 

[ekardo]

correct what

0.5%×80,000×31÷365 = 33.97
0.3%×80,000×31÷365 =20.38

base interest already credited earlier

oh, I calculate wrongly!

 

[Moowoow]

I parked about 700k in this account, any special for me eg private banking client etc?

 

[demoforce1]

Sorry, I got it wrong. Is not 1.5% for $80k, but 1.45% for $80k

(0.5% salary + 0.3% payment + 0.5% card spend) capped for $80k saving + 0.15% prevailing interest rate = 1.45%

what card do you guys use for card spend? still family?

 

[vsvs24]

what card do you guys use for card spend? still family?

I'm using Family card because the rebate categories suits me best amongst all the BOC cards.

 

[Moowoow]

I'm using Family card because the rebate categories suits me best amongst all the BOC cards.

I use Qoo10

 

[pantss]

(0.5% salary + 0.3% payment + 0.5% card spend) capped for $80k saving + 0.4% for incremental savings above $80k

Thanks for the breakdown. I can’t meet the payment criteria. Don’t have that many things to pay with GIRO. I’ve got 4 with UOB one. (Some months 1 x giro fail to go thru etc so I use 4.) What else can I do via giro?

Parking
Phone bills
Internet/utility bills
Cc bill payment


Conservancy/estate mgmt not counted by UOB
IRAS taxes not deducted every month
Insurances annual deduction

 

[vsvs24]

Thanks for the breakdown. I can’t meet the payment criteria. Don’t have that many things to pay with GIRO. I’ve got 4 with UOB one. (Some months 1 x giro fail to go thru etc so I use 4.) What else can I do via giro?

Parking
Phone bills
Internet/utility bills
Cc bill payment


Conservancy/estate mgmt not counted by UOB
IRAS taxes not deducted every month
Insurances annual deduction

BOC smart saver is different from UOB One.

BOC requires bill payment, not GIRO. Every month manually go to internet banking and pay 3 bills with min $30 can meet the criteria. Bill payment is easier to hit than salary and card spend. Can pay credit card bill, Telco etc.

 

[ekardo]

ya..BOC quite easy.. and higher %..

 

[ekardo]

sian, wanted to do my banking admin for BOC and realised my token expired today...

why BOC dont inform or automatically send a new token like our local bank? sigh....gotta make a trip down to the bank..

 

[katana71]

Do the hula hoops

 

[ekardo]

is BOC using digital token already ?

 

[vsvs24]

sian, wanted to do my banking admin for BOC and realised my token expired today...

why BOC dont inform or automatically send a new token like our local bank? sigh....gotta make a trip down to the bank..

After you receive your new token, do a quick check at the branch.

Mine was out of battery and received a new one. But the sign did not work. After entering the required number, blank off after I press ok. Had to go to branch to change again.

 

[ekardo]

After you receive your new token, do a quick check at the branch.

Mine was out of battery and received a new one. But the sign did not work. After entering the required number, blank off after I press ok. Had to go to branch to change again.

thanks for the advise..
I needed to do musical chair so I will transfer $ out immediately once I got the token to test out...

 

[silverbomb]

sian, wanted to do my banking admin for BOC and realised my token expired today...

why BOC dont inform or automatically send a new token like our local bank? sigh....gotta make a trip down to the bank..

no choice. asked manager over counter if any plans to phase out tokens but they're quite not optimistic understandably being a foreign bank moreover a china one. the local banks are the first ones to remove or plans to get rid of the tokens needs

 

[vsvs24]

no choice. asked manager over counter if any plans to phase out tokens but they're quite not optimistic understandably being a foreign bank moreover a china one. the local banks are the first ones to remove or plans to get rid of the tokens needs

But the way some banks do things is too lax. OCBC said they phasing out physical token next year. I was shocked to notice that if I am on ocbc digital token and use OCBC mobile app to add new payee, it went right through. Does not require OTP, pin or token authenticaction.

 

[fr33d0m]

But the way some banks do things is too lax. OCBC said they phasing out physical token next year. I was shocked to notice that if I am on ocbc digital token and use OCBC mobile app to add new payee, it went right through. Does not require OTP, pin or token authenticaction.

Your phone is your token. If you use another phone, it may result differently.

 

[vsvs24]

Your phone is your token. If you use another phone, it may result differently.

Yes. But there should be stronger protection for adding new payee.

These banks have phased off physical token and they handle add new payee as follows :

- POSB and Citibank cannot add new payee using mobile app. If use browser, will ask for digital token authentication.

- Standard Chartered if add new payee on mobile app need to enter PIN number.

OCBC is too lax.

 

[fr33d0m]

Yes. But there should be stronger protection for adding new payee.

These banks have phased off physical token and they handle add new payee as follows :

- POSB and Citibank cannot add new payee using mobile app. If use browser, will ask for digital token authentication.

- Standard Chartered if add new payee on mobile app need to enter PIN number.

OCBC is too lax.

It only makes it more complicated. It does not make it safer. All one needs is the phone and the internet banking login/fingerprint/face id, which is already done when using mobile banking or internet banking.

how many times do you want the app/webpage to ask to login with pin/fingerprint/face id? The app/web page can ask you every time you click.

 

[vddgnd]

How to know expired? Meaning can't work even battery not flat?