Hello from Team OCBC

[OCBC Bank]

360 Account or Monthly Savings Account interests rate higher?

Hi there. It is dependent on the amount you deposit. Please refer to the information below.

360 account
Amount | Interest rates (if performed lesser than 2 transactions) | Interest rates (if performed 2 transaction and above)

First $25,000 | 0.05% per annum | 0.10% per annum
$25,001 - $50000 | 0.08% per annum | 0.15% per annum (Current promotion of 1.28% has been extended till further notice)
Above $50,000 | 0.10% per annum | 0.20% per annum


Monthly Savings account

Amount | Interest rates (if no withdrawal made in the month) | Interest rates (if withdrawals made in the month)

Any amount | 0.40% per annum | 0.10% per annum


Hope this clarifies!


^Eric
For OCBC Bank

 

[OCBC Bank]

Thank You.

So to confirm. Withdraw AUD FD, i go to bank on monday and withdrawal takes place in Wed.

If i have AUD 5000 in my account, how much in AUD i will receive aft fees, if any?

Hi there. It depends on the interest rate you're earning on the account, as well as the exchange rate on the day of withdrawal. However in general, you will be getting the principal amount + interest earned - the minimum 1%comm-in-lieu of exchange. Thank you!


^Eric
For OCBC Bank

 

[steven168z]

Hi steven168z, thank you for your feedback on the $5 fee promotion. We are currently reviewing the promotion – do look out for our good news!


^Mervyn
For OCBC Bank

any latest news

 

[Boorseye]

I want to add more counters to my bcip but due to the $5 per counter which might be implemented anytime soon I'm limiting myself to only 1 counter, unable to diversify.

 

[chyn_no]

I want to add more counters to my bcip but due to the $5 per counter which might be implemented anytime soon I'm limiting myself to only 1 counter, unable to diversify.

Ok i rec the letter.. they will continue the promo till nx june. Coupled with a few new t&cs ..

 

[endlssorrow]

Hi there. It is dependent on the amount you deposit. Please refer to the information below.

360 account
Amount | Interest rates (if performed lesser than 2 transactions) | Interest rates (if performed 2 transaction and above)

First $25,000 | 0.05% per annum | 0.10% per annum
$25,001 - $50000 | 0.08% per annum | 0.15% per annum (Current promotion of 1.28% has been extended till further notice)
Above $50,000 | 0.10% per annum | 0.20% per annum


Monthly Savings account

Amount | Interest rates (if no withdrawal made in the month) | Interest rates (if withdrawals made in the month)

Any amount | 0.40% per annum | 0.10% per annum


Hope this clarifies!


^Eric
For OCBC Bank

if no withdrawl is being made, monthly saving account is higher?

 

[Boorseye]

Ok i rec the letter.. they will continue the promo till nx june. Coupled with a few new t&cs ..

Me too.. Just added another counter to my bcip cos of this letter..

 

[makav31i]

Ok i rec the letter.. they will continue the promo till nx june. Coupled with a few new t&cs ..

Can share what the new terms and conditons are?

 

[chyn_no]

Can share what the new terms and conditons are?

Sorry. Didn go through.. if im nt wrong is abt e sale of shares... not to our benefit i think.

 

[makav31i]

Sorry. Didn go through.. if im nt wrong is abt e sale of shares... not to our benefit i think.

Can take picture and post here?

 

[Boorseye]

Can take picture and post here?

Not much change, only 2 points caught my attention..
#1 instead of units allocated rounding off previously, now all will round down and residue $ will be credited back to you
#2 Ocbc bank employees can now use bcip and buy Ocbc shares!

P.S launch promo extended till June 2014

 

[OCBC Bank]

Hello Hardwarezone!

We have some very exciting news which we think many of you will be pleased with based on the overwhelming feedback we have received.

We are happy to inform that we will continue to waive the minimum fee of S$5 per counter, per transaction, until 30 June 2014, when you buy or sell shares through our Blue Chip Investment Plan (BCIP). You will only have to pay the regular fees of 0.30% of the gross investment amount or proceeds when you buy or sell respectively through your BCIP account.

^the BCIP team
For OCBC Bank

 

[steven168z]

Hello Hardwarezone!

We have some very exciting news which we think many of you will be pleased with based on the overwhelming feedback we have received.

We are happy to inform that we will continue to waive the minimum fee of S$5 per counter, per transaction, until 30 June 2014, when you buy or sell shares through our Blue Chip Investment Plan (BCIP). You will only have to pay the regular fees of 0.30% of the gross investment amount or proceeds when you buy or sell respectively through your BCIP account.

^the BCIP team
For OCBC Bank

i hoping for it to be forever.

next yr 1 lot will reduce to 100 shares...

 

[OCBC Bank]

Not much change, only 2 points caught my attention..
#1 instead of units allocated rounding off previously, now all will round down and residue $ will be credited back to you
#2 Ocbc bank employees can now use bcip and buy Ocbc shares!

P.S launch promo extended till June 2014

Hi Boorseye,

Just to clarify, for point #1, the rounding down of units only applies to the exceptional case of partial execution, when we are unable to execute the full amount due to a trading halt or insufficient liquidity.

For regular purchases where we are able to execute the full amount, the number of shares you will receive will still be rounded off (residual shares of 0.5 and above will be rounded up; residual shares below 0.5 will be rounded down.


^Mervyn
For OCBC Bank

 

[makav31i]

Hi Boorseye,

Just to clarify, for point #1, the rounding down of units only applies to the exceptional case of partial execution, when we are unable to execute the full amount due to a trading halt or insufficient liquidity.

For regular purchases where we are able to execute the full amount, the number of shares you will receive will still be rounded off (residual shares of 0.5 and above will be rounded up; residual shares below 0.5 will be rounded down.


^Mervyn
For OCBC Bank

To be very honest, I would rather OCBC round down the money and refund it back to the customer or hold it and reinvest that amount the next month...

 

[Boorseye]

It would be interesting if the cash dividends can be reinvested automatically instead of us raising monthly investment amount by the amount of dividends paid and adjust back to the starting amount after a deduction is done

 

[OCBC Bank]

if no withdrawl is being made, monthly saving account is higher?

Hi there. If the amount that you are depositing is less than $25,000, the interest rate will be higher for Monthly Savings account if you do not perform any withdrawal. Thank you.


^Eric
For OCBC Bank

 

[fattsheng]

Hi,

I'd like to check if a Frank account can be linked to the OCBC Robinsons credit card so that I can make ATM Withdrawals using the Robinsons credit card?

 

[OCBC Bank]

Hi,

I'd like to check if a Frank account can be linked to the OCBC Robinsons credit card so that I can make ATM Withdrawals using the Robinsons credit card?

Hi, you can certainly do so. This can be done at any OCBC ATMs, but you'll need your credit card PIN to do so. Alternatively, you can complete a form for the linkage. If you require a copy of the form, PM us your email address!


^Dylan
For OCBC Bank

 

[twelfth]

i have emailed twice via my online banking and no respond at all since first email sent on 15 dec.

where is my coffee bean $5 card when i have been paying my bills on time since Feb 13?