ocbc 360 account

[LWZ]

Companies that can afford to buy SAP are big companies. Why outsource.

my company is big, uses SAP and outsources our payroll function.

our HR function is quite thin.

 

[Mecisteus]

You are Mikedirnt with a name change! Careful bro — teaching others to set up shell companies just to trigger bank salary credit promos is risky.


MAS and banks expect “salary crediting” to reflect genuine employment income or actual business activity. Faking this (e.g. via dormant companies or false payroll) could fall under misrepresentation or fraud.




If banks audit or flag the source of salary credits, accounts could be frozen or closed. Worse if someone uses fake docs — that's straight-up criminal liability.


Optimising is one thing, but teaching people to bend the rules like this is bad advice. Play smart, not shady.

I leave it to Admin to moderate!

Which part of my statement is telling others to setup fake company and pay fake salaries ?

Its legit to setup own company and pay ownself salaries.

 

[reddevil0728]

You can also do schedule funds transfer also.

This splitting of salaries in SG is for the purpose of taking advantage of banks promos.

Maybe better to setup your own company and pay ownself salaries.

Can split into 10 banks also.

You are Mikedirnt with a name change! Careful bro — teaching others to set up shell companies just to trigger bank salary credit promos is risky.


MAS and banks expect “salary crediting” to reflect genuine employment income or actual business activity. Faking this (e.g. via dormant companies or false payroll) could fall under misrepresentation or fraud.




If banks audit or flag the source of salary credits, accounts could be frozen or closed. Worse if someone uses fake docs — that's straight-up criminal liability.


Optimising is one thing, but teaching people to bend the rules like this is bad advice. Play smart, not shady.

I leave it to Admin to moderate!

Which part of my statement is telling others to setup fake company and pay fake salaries ?

Its legit to setup own company and pay ownself salaries.

There’s personal income tax implications for doing so

 

[royalmix]

Which part of my statement is telling others to setup fake company and pay fake salaries ?

Its legit to setup own company and pay ownself salaries.

Mikedirnt, The issue isn’t whether it's legal to set up your own company and pay yourself a salary — that’s perfectly legitimate if there's actual business activity.


The problem is your comment makes it sound like you're suggesting people set up a company just to simulate salary credit across multiple banks to earn bonus interest.


To someone who doesn’t understand the legal or financial implications, that can easily be misread as a method to game the system — essentially setting up a shell company with no real business, just to move money around.


That kind of activity can violate bank terms, trigger compliance flags, or even be seen as misrepresentation. So whether that was your intention or not, it’s easy for others to take it the wrong way.

 

[reddevil0728]

Mikedirnt, The issue isn’t whether it's legal to set up your own company and pay yourself a salary — that’s perfectly legitimate if there's actual business activity.


The problem is your comment makes it sound like you're suggesting people set up a company just to simulate salary credit across multiple banks to earn bonus interest.


To someone who doesn’t understand the legal or financial implications, that can easily be misread as a method to game the system — essentially setting up a shell company with no real business, just to move money around.


That kind of activity can violate bank terms, trigger compliance flags, or even be seen as misrepresentation. So whether that was your intention or not, it’s easy for others to take it the wrong way.

While I don’t disagree with your point, but at the end of the day if some people want to take what’s said online as gospel truth and not do their own DD, if they get into trouble, they deserve it?

 

[royalmix]

While I don’t disagree with your point, but at the end of the day if some people want to take what’s said online as gospel truth and not do their own DD, if they get into trouble, they deserve it?

HZW has some responsibilities in this aspect! I leave to Admin to moderate!

 

[reddevil0728]

HZW has some responsibilities in this aspect! I leave to Admin to moderate!

Did you report his post?

 

[royalmix]

Did you report his post?

His post had been deleted. I will delete mine too ( just one cos the rest were not deleted)

 

[xRenol]

Take note that the new interest rates for OCBC 360 Account starts on 1 August 2025.

 

[spectral]

Any recommendation for which Unit Trusts to buy in order to get the Invest bonus interest?

 

[ericcsn]

Any recommendation for which Unit Trusts to buy in order to get the Invest bonus interest?

i took up lion global short duration bond A

 

[spectral]

My intention is just to buy a UT to hold it for less than a month just to qualified for the extra invest bonus interest and sell of the UT.

 

[ericcsn]

My intention is just to buy a UT to hold it for less than a month just to qualified for the extra invest bonus interest and sell of the UT.

not new https://forums.hardwarezone.com.sg/threads/ocbc-360-account.4629515/post-156314044

 

[anxius]

May I check how do we check if the UT online purchase is counted for the invest category? Is there anyway to know beside waiting for the next month interest?
I am worried later buy then realize it is not counted.

 

[bearkia]

i took up lion global short duration bond A

Did you buy using cash or cpf? Do anyone know if buy using cpf whether it will count towards ocbc360 investment category?

 

[ericcsn]

Did you buy using cash or cpf? Do anyone know if buy using cpf whether it will count towards ocbc360 investment category?

I used cash.

i didnt see any exclusion when using cpf from their tnc https://www.ocbc.com/iwov-resources/sg/ocbc/personal/pdf/accounts/tnc-governing-ocbc-360-account.pdf

A quick call or visit to them will confirm whether this is an acceptable mode. good luck

 

[ericcsn]

May I check how do we check if the UT online purchase is counted for the invest category? Is there anyway to know beside waiting for the next month interest?
I am worried later buy then realize it is not counted.

call and ask them whether the specific UT is countable towards Invest BI if you think you need confirming

 

[addict951]

Check yr email
Y’all saw the additional $30K get $128 promo hor

 

[Daffy7]

Check yr email
Y’all saw the additional $30K get $128 promo hor

1.71% pa only. Unless u r below 100k now?

 

[Nanonited]

1.71% pa only. Unless u r below 100k now?

Is the link legit? I try to access and it keeps prompting me to log in to ocbc ibanking