ocbc 360 account

[andrewkb]

Hi OCBC team,

My finance team uses DBS FAST to transfer my salary into my OCBC account. It is showing up as Payment/Transfer and Salary is mentioned in the description.

However, OCBC do not recognise this as a Salary deposit. Are there no flexibility on your end to pick up "Salary" from the description as well ? Is FAST not considered as a mean of Salary Payment and strictly GIRO-Salary for payment ?

It is very difficult for us as employee to change the way Finance works. Hope your team can be more flexible in this aspect

 

[savinmax]

I doubt you can win this appeal.

It must be GIRO salary from a company, all the others have same condition - One account, BonusSaver, SaveUp, Smartsaver etc.
This is the only sure way to determine that inward remittance is indeed a Salary amount.
Else, anyone can just FAST over ( or even self GIRO over ) and put remarks as Salary.

Your finance team need to do the GIRO , don't they do it for wages of all employed staff ? If not, too bad..

 

[OCBC Bank]

Hi OCBC team,

My finance team uses DBS FAST to transfer my salary into my OCBC account. It is showing up as Payment/Transfer and Salary is mentioned in the description.

However, OCBC do not recognise this as a Salary deposit. Are there no flexibility on your end to pick up "Salary" from the description as well ? Is FAST not considered as a mean of Salary Payment and strictly GIRO-Salary for payment ?

It is very difficult for us as employee to change the way Finance works. Hope your team can be more flexible in this aspect

Hi andrewkb,

To be eligible for the Salary Credit bonus, you will have to credit at least $2000 salary via GIRO.

The transaction must appear as "GIRO-SALARY".

For "GIRO-IBG" cases, the following descriptions - STS SAL, STS PYT, PAYROLL , SALARY, SAL or WAGE, will be eligible for the bonus interest.

You may wish to ask your employer to check with the corporate banker/vendor as to how to go about setting up the salary crediting.

^DG

 

[chopra]

1.8% still got ppl put?

 

[Cumzilla]

Dear OCBC bank

My total spend for last month had shown less than $500 because 2 transactions were made late yesterday, 31st of May, before 2359hrs. I suspect now these 2 transactions will only appear in the June's statement. So please dont tell me OCBC is going to be like another bank, that base the credit card spendings on posting dates rather than transaction dates, which then means i will not qualify for May's card spend bonus interest.

 

[Layers]

1.8% still got ppl put?

just realised I got 3% due to endowment.

3% is alot!

Sent from Sony E6853 using GAGT

 

[AH CHIA]

Dear OCBC bank

My total spend for last month had shown less than $500 because 2 transactions were made late yesterday, 31st of May, before 2359hrs. I suspect now these 2 transactions will only appear in the June's statement. So please dont tell me OCBC is going to be like another bank, that base the credit card spendings on posting dates rather than transaction dates, which then means i will not qualify for May's card spend bonus interest.

Don't need to suspect, 100% posted as June transaction. You expect merchant to close ur transaction like immediately after you spent

Call in to OCBC and humbly beg for allowance. If doesn't work, suck thumb and take it as a lesson learnt

 

[OCBC Bank]

Dear OCBC bank

My total spend for last month had shown less than $500 because 2 transactions were made late yesterday, 31st of May, before 2359hrs. I suspect now these 2 transactions will only appear in the June's statement. So please dont tell me OCBC is going to be like another bank, that base the credit card spendings on posting dates rather than transaction dates, which then means i will not qualify for May's card spend bonus interest.

Hi Cumzilla,

Only transactions with posting date within the calendar month will count towards the 360 account's Credit Card Spending interest bonus. This information may be found in the T&Cs - https://www.ocbc.com/assets/pdf/accounts/360-account-terms-and-conditions.pdf

We encourage our customers to make any big purchases earlier in the month to avoid missing out on the interest bonus. Some merchants may take up to 7 days to post a transaction.

^DG

 

[Mecisteus]

just realised I got 3% due to endowment.

3% is alot!

Sent from Sony E6853 using GAGT

3% is peanuts compared to what the endowments may have "eaten" from you.

 

[Mecisteus]

Dear OCBC bank

My total spend for last month had shown less than $500 because 2 transactions were made late yesterday, 31st of May, before 2359hrs. I suspect now these 2 transactions will only appear in the June's statement. So please dont tell me OCBC is going to be like another bank, that base the credit card spendings on posting dates rather than transaction dates, which then means i will not qualify for May's card spend bonus interest.

You have 1 whole month to plan your spending. Why wait till last day?

 

[Layers]

.

3% is peanuts compared to what the endowments may have "eaten" from you.

Tell that to my mum

Sent from Sony E6853 using GAGT

 

[Trazora]

Dear OCBC bank

My total spend for last month had shown less than $500 because 2 transactions were made late yesterday, 31st of May, before 2359hrs. I suspect now these 2 transactions will only appear in the June's statement. So please dont tell me OCBC is going to be like another bank, that base the credit card spendings on posting dates rather than transaction dates, which then means i will not qualify for May's card spend bonus interest.

It is the norm for banks to base the spending on posted transaction.

 

[kinhuan]

Hi OCBC,

I would like to pay myrepublic bill via GIRO but it is not in the organization list? How should I proceed to make such arrangement?

Thank you.

 

[OCBC Bank]

Hi OCBC,

I would like to pay myrepublic bill via GIRO but it is not in the organization list? How should I proceed to make such arrangement?

Thank you.

Hi kinhuan,

Thank you for your question.

For billing organizations that are not in the list, you may approach the organization to enquire on how to set up GIRO payments.

They would most probably require for you to fill up a form, and you would just have to fill it up and provide your 360 Account number as well.

^WX

 

[Layers]

Hi OCBC,

I would like to pay myrepublic bill via GIRO but it is not in the organization list? How should I proceed to make such arrangement?

Thank you.

MR bill is thru online. I know can paid by cc. Giro not too sure

Sent from Sony E6853 using GAGT

 

[El Hadji Diouf]

Hi OCBC,

Just to confirm if my salary was credited to my account on 28 July and I have spent more than $500 on my OCBC credit card last month my bonus for the salary and credit card spending will be credited this month right?

So for the 3 online bill payment (i paid my last month ocbc credit card bill this month through ocbc internet banking from my 360 account) + other 2 bills in which exceeds $150 in total. So for this I will get my bonus on next month? Thanks.

 

[kennethtbh]

Hi OCBC,

Just to confirm if my salary was credited to my account on 28 July and I have spent more than $500 on my OCBC credit card last month my bonus for the salary and credit card spending will be credited this month right?

So for the 3 online bill payment (i paid my last month ocbc credit card bill this month through ocbc internet banking from my 360 account) + other 2 bills in which exceeds $150 in total. So for this I will get my bonus on next month? Thanks.

u will get the bonus interest the mth AFTER you achieve those 'milestone' (bill payment/salary etc)

 

[OCBC Bank]

Hi OCBC,

Just to confirm if my salary was credited to my account on 28 July and I have spent more than $500 on my OCBC credit card last month my bonus for the salary and credit card spending will be credited this month right?

So for the 3 online bill payment (i paid my last month ocbc credit card bill this month through ocbc internet banking from my 360 account) + other 2 bills in which exceeds $150 in total. So for this I will get my bonus on next month? Thanks.

Hi there,

Bonus interests will be credited by the 7th business day of the following calendar month.

^DG

 

[sg_investor]

Hi OCBC Bank,

I clicked the OCBC bank website's Login and open new tab. When I log in my OCBC IB yesterday after I enter my username and pin I got a CAPTCHA asking for text. Then I was told my credentials not correct.

Is CAPTCHA implemented in OCBC IB or I got fished?

 

[Andylkj]

Users beware of strict charges

Ito all, not worth dealing with OCBC bank at all.
Just cancelled my credit cards with them on both 365 as well as the NTUC card.
Was late by a Couple of days due to travels in last 2 months and was charged $200 per card.
The interest gained was nowhere what I paid in late fees to them. ;-(
Requested review but the call centre was not helpful at all.

Guess it's my fault for spending so much with them and not paying on time.

The other banks I have are more sympathetic onwards me and waived it without questions.

Users beware and just wanted to share...