ocbc 360 account

[OCBC Bank]

Few questions on Credit Card Spending Bonus.

1. What is the definition of "eligible" transactions ?

2. Does paying bills (E.g. SingTel) using Credit Card within OCBC ibanking considered "eligible" ?

Hi muji4832,

Thank you for your questions.

For definition of "eligible transactions" you may refer to Clause 3.3 of our terms and conditions (TNCs) as well as on our FAQ.

TNCs:https://www.ocbc.com/personal-banking/accounts/360-account-faq.html#credit-card

FAQ: https://www.ocbc.com/personal-banking/accounts/360-account-faq.html#credit-card

To answer your second question:

Paying bills using your credit card within OCBC's internet banking will be considered towards credit card spend bonus' minimum spend

However, Singtel does not accept bill payment from OCBC Credit Cards within OCBC internet banking itself.

The list of billing organization that accepts OCBC Credit Card bill payment via internet banking can be found here: https://www.ocbc.com/personal-banking/maintenance/bo_cc.pdf

^WX

 

[OCBC Bank]

My salary is being credited to my 360 account as 'MEPS RECEIPTS'. Will this qualify for the salary bonus?

Hi krionX,

Thank you for your question.

Only salary credits through GIRO with the description "GIRO – SALARY" in your statements will qualify for this bonus.

You may find more information on here: https://www.ocbc.com/personal-banking/accounts/360-account-faq.html#salary-credit

Thank you.

^WX

 

[AH CHIA]

And OCBC won't even consider any other salary? That's way too restrictive. I opened my 360 account for nothing...

Honestly, u should have read the criteria before opening.

 

[Ronaldo88]

My coy suppose to credit my pay today delay till tmr..so my salary credit bonus is likely gone?$60 gone in smoke..

 

[mdax23]

My coy suppose to credit my pay today delay till tmr..so my salary credit bonus is likely gone?$60 gone in smoke..

Fire your company lor

 

[AH CHIA]

Fire your company lor

Whack your HR, useless bum of ppl. Give them 2 choices, face or ass !

Whole company delay or just you? thought salary is via GIRO now, how can there be a delay...

 

[Ronaldo88]

Whack your HR, useless bum of ppl. Give them 2 choices, face or ass !

Whole company delay or just you? thought salary is via GIRO now, how can there be a delay...

whole coy..just check..its in for ocbc..heng ah..for dbs I thk tmr..

 

[Layers]

whole coy..just check..its in for ocbc..heng ah..for dbs I thk tmr..

Huh u got 2 salaries?

Sent from Sony E6853 using GAGT

 

[Trazora]

Huh u got 2 salaries?

Sent from Sony E6853 using GAGT

I read it as other colleagues with DBS account will have salary credited tomorrow

 

[ahweng38]

Hi Guys

Apr 1st OCBC 360 would had some changes

b4
1.2,0.5,0.5,1,1

after
1.2,0.3,0.3,1.2,1.2

i dont wan to go into too details. but u shall know what i mean

 

[kehyi4]

Hi Guys

Apr 1st OCBC 360 would had some changes

b4
1.2,0.5,0.5,1,1

after
1.2,0.3,0.3,1.2,1.2

i dont wan to go into too details. but u shall know what i mean

No need to be coy, the info is out on the OCBC website liao:

UPDATE TO OCBC 360 ACCOUNT FROM 1 APRIL 2017

We are making five changes to the OCBC 360 Account. This update applies to all new and existing 360 Account customers, and it will take effect from 1 April 2017. With this update, you will earn up to 3.05% per year on the first S$70,000 of your account balance, instead of up to 3.25% per year on the first S$60,000.

Balance cap to earn bonus interest
Increased from S$60,000 to S$70,000.

Payment Bonus
Reduced from 0.5% to 0.3% per year. To qualify, pay at least 3 bills and they must also add up to at least S$150.

Spend Bonus
Reduced from 0.5% to 0.3% per year

Wealth Bonus
Increased from 1% to 1.2% per year. A new wealth bonus tier of 0.6% per year with lower qualifying requirements will be introduced.

Save Bonus
Earn 1% per year on the first S$70,000 if your account balance is S$200,000 and above, instead of earning 1% per year on your incremental balance.

 

[Ronaldo88]

Hi Guys

Apr 1st OCBC 360 would had some changes

b4
1.2,0.5,0.5,1,1

after
1.2,0.3,0.3,1.2,1.2

i dont wan to go into too details. but u shall know what i mean

wah **..rate going down..

 

[qhong61]

No need to be coy, the info is out on the OCBC website liao:

UPDATE TO OCBC 360 ACCOUNT FROM 1 APRIL 2017

We are making five changes to the OCBC 360 Account. This update applies to all new and existing 360 Account customers, and it will take effect from 1 April 2017. With this update, you will earn up to 3.05% per year on the first S$70,000 of your account balance, instead of up to 3.25% per year on the first S$60,000.

Balance cap to earn bonus interest
Increased from S$60,000 to S$70,000.

Payment Bonus
Reduced from 0.5% to 0.3% per year. To qualify, pay at least 3 bills and they must also add up to at least S$150.

Spend Bonus
Reduced from 0.5% to 0.3% per year

Wealth Bonus
Increased from 1% to 1.2% per year. A new wealth bonus tier of 0.6% per year with lower qualifying requirements will be introduced.

Save Bonus
Earn 1% per year on the first S$70,000 if your account balance is S$200,000 and above, instead of earning 1% per year on your incremental balance.

Is it safe to put so much money in same bank?

 

[Ronaldo88]

I just wonder wats their real reason behind these 5 changes..to attract more funds or outflow..

 

[orange_sky]

I just wonder wats their real reason behind these 5 changes..to attract more funds or outflow..

Definitely less attractive

Sent from Sony D2533 using GAGT

 

[otaku7]

hmmm, getting less attractive. any alternatives to this 360?

Sent from outer space using GAGT

 

[furryballs]

hmmm, getting less attractive. any alternatives to this 360?

Sent from outer space using GAGT

I looking at uob one account now... sibeh jialat... I can only earn 1.8% now

Edit: jumping over to UOB one in April for sure. Can earn 2.4%.
Gonna apply for UOB one card and open uob one account. So uob will get my salary and credit card spendings

 

[Layers]

I looking at uob one account now... sibeh jialat... I can only earn 1.8% now

knn that's why got bad feeling when signing the endowment for the 1%.

So all reduced to 0.3% endowment increase to 1.2%?

Sent from Sony E6853 using GAGT

 

[Whisper]

No need to be coy, the info is out on the OCBC website liao:

UPDATE TO OCBC 360 ACCOUNT FROM 1 APRIL 2017

We are making five changes to the OCBC 360 Account. This update applies to all new and existing 360 Account customers, and it will take effect from 1 April 2017. With this update, you will earn up to 3.05% per year on the first S$70,000 of your account balance, instead of up to 3.25% per year on the first S$60,000.

Balance cap to earn bonus interest
Increased from S$60,000 to S$70,000.

Payment Bonus
Reduced from 0.5% to 0.3% per year. To qualify, pay at least 3 bills and they must also add up to at least S$150.

Spend Bonus
Reduced from 0.5% to 0.3% per year

Wealth Bonus
Increased from 1% to 1.2% per year. A new wealth bonus tier of 0.6% per year with lower qualifying requirements will be introduced.

Save Bonus
Earn 1% per year on the first S$70,000 if your account balance is S$200,000 and above, instead of earning 1% per year on your incremental balance.

Did i interpret the save bonus correctly? I must have at least $200k in the account first. Then they give me 1℅ for $70k and 0.05℅ for the remaining $130k??

After the changes I can only get 1.2% for salary and 0.3℅ for paying at least $150 for 3 bills.

 

[SBC]

Time to swing out this 360 account. Run 2 after its last Frank changes.