ocbc 360 account

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x9evolution

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Followtheheart said:
Heloo folks. I'm confused over the ADB, deposits and withdrawals .
I seek yall guru advices.

I jus created a 360account & intend for my salary to enter this account.
I only intend to achieve the interest from salary crediting, $500 monthly increase & $500 spending cat.

Assume I make 5000 a month.
Does this means I have to withdraw 4,500 monthly ?

Else how may I optimize this ?
Click to expand...
The trick is to do top up on the 1st day of the month , and transfer out what ever deposited into the account along the way.
 
botak33

botak33

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Hi guys, I've transferred $1k into my account yesterday but my ADB increase compared to last month is still $0.
Is it they haven't update yet or I did something wrong?
 
Jun666

Jun666

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botak33 said:
Hi guys, I've transferred $1k into my account yesterday but my ADB increase compared to last month is still $0.
Is it they haven't update yet or I did something wrong?
Click to expand...
ocbc tracker not real time 1
they will update nx biz day
 
Roflcopterr

Roflcopterr

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Oh shoot I forgot to deposit 1k before 9pm to hit the $500 adb.

Does depositing before 12am works?
 
Roflcopterr

Roflcopterr

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I search up this thread and the cut off time is indeed 9pm.
So I technically missed 1st and 2nd of Jan.

Does depositing 1.5k on 3rd Jan and withdrawing 1k on 4th Jan brings my adb to $500?
 
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SantyBalls

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Roflcopterr said:
I search up this thread and the cut off time is indeed 9pm.
So I technically missed 1st and 2nd of Jan.

Does depositing 1.5k on 3rd Jan and withdrawing 1k on 4th Jan brings my adb to $500?
Click to expand...
Eom adb=
((no of days past * current adb) + (no of days left * latest bal))/total no of days in mth

Last mth adb=
Current adb - diff adb(3rd column)
 
Eternit

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Does the interest credit itself count towards the "Increase your ADB by at least S$500 monthly" criteria? Say if they credit $400 of interest, then the increase of ADB this month over last month is lesser than $500?
 
eden1988

eden1988

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Need some math expert to help me out.
Background - I delayed one day to withdraw my Dec salary out, so now my Jan ADB is screwed up

Deposited $1000 on 2nd Jan, and withdraw $500 out on 3rd Jan to keep ADB at $500.
But because I delayed 1 day in withdrawing out my salary, now my Jan ADB increment is only at $410.25.

Today I deposited $700 in to make up for the past 6 days ($700/6 = $117, $410.25+$117 = $527).
So by 7th Jan, my ADB will be back at $527 which is enough for the OCBC Save Bonus.

Question is, how much should I withdraw out on 7th Jan? Or should I keep that $700 inside all the way till month end?

Appreciate some help/advice, thanks in advance.
 
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