ocbc 360 account

[HWZ1973]

Not sure why but I've always been missing out on the save bonus even though I top up $504 in the beginning of the month, and double that on second day if 1St day of month is a Sunday or public holiday.

 

[farmers]

Not sure why but I've always been missing out on the spend bonus even though I top up $504 in the beginning of the month, and double that on second day if 1St day of month is a Sunday or public holiday.

Save bonus you mean?

 

[epsqps]

Not sure why but I've always been missing out on the spend bonus even though I top up $504 in the beginning of the month, and double that on second day if 1St day of month is a Sunday or public holiday.

Do you have any unexpected fee or payment deductions during the month that would lower the average balance? My only suggestion is to login into the OCBC website to view what the tracker shows.

 

[demoforce1]

Not sure why but I've always been missing out on the spend bonus even though I top up $504 in the beginning of the month, and double that on second day if 1St day of month is a Sunday or public holiday.

map it daily in excel file for the balance to get monthly average, usually I add around $501 in avg

 

[HWZ1973]

Save bonus you mean?

yes, edited...thanks

 

[HWZ1973]

Do you have any unexpected fee or payment deductions during the month that would lower the average balance? My only suggestion is to login into the OCBC website to view what the tracker shows.

no payments from this account...
the tracker may show in the earlier part of the month that the ADB is more than $500 from last month, but when approaching end month it could show lower than $500.... I'm not sure why. Do you all transfer out the interest on the 1st of the month and all other interests that comes in. I do that. once interest and salary in i will transfer out immediately.

 

[coconut1]

no payments from this account...
the tracker may show in the earlier part of the month that the ADB is more than $500 from last month, but when approaching end month it could show lower than $500.... I'm not sure why. Do you all transfer out the interest on the 1st of the month and all other interests that comes in. I do that. once interest and salary in i will transfer out immediately.

sometimes transfer salary/interests out too late (after ~9.30pm) will affect next month's MAB requirements.
Was wondering if I should do a reset once every year when excess > $5k forfeit 1 month of savings bonus then reset capital amount

 

[epsqps]

no payments from this account...
the tracker may show in the earlier part of the month that the ADB is more than $500 from last month, but when approaching end month it could show lower than $500.... I'm not sure why. Do you all transfer out the interest on the 1st of the month and all other interests that comes in. I do that. once interest and salary in i will transfer out immediately.

Yes, any deposits are transferred out on the same day before the cutoff timing (about 9-10 p.m. iirc). Likewise, any withdrawals are met with a corresponding deposit to maintain the balance.

Your best bet would be to do compute your average daily balance on a spreadsheet (you should have all the necessary information) and see why it falls below the previous month's daily average balance.

 

[demoforce1]

Yes, any deposits are transferred out on the same day before the cutoff timing (about 9-10 p.m. iirc). Likewise, any withdrawals are met with a corresponding deposit to maintain the balance.

Your best bet would be to do compute your average daily balance on a spreadsheet (you should have all the necessary information) and see why it falls below the previous month's daily average balance.

yes, this - do compute your average daily balance on a spreadsheet

 

[EveMuffins]

yes, this - do compute your average daily balance on a spreadsheet

just to confirm, we use 'value date' for the Excel, right? not transaction date.

 

[savinmax]

no payments from this account...
the tracker may show in the earlier part of the month that the ADB is more than $500 from last month, but when approaching end month it could show lower than $500.... I'm not sure why. Do you all transfer out the interest on the 1st of the month and all other interests that comes in. I do that. once interest and salary in i will transfer out immediately.

simple, just check your previous month e statements- you will likely see that the ADB for that month is higher than you think. Use a simple excel spreadsheet to check, and update every few days Can always doible confirm at online banking based on the number of days when login.

 

[savinmax]

sometimes transfer salary/interests out too late (after ~9.30pm) will affect next month's MAB requirements.
Was wondering if I should do a reset once every year when excess > $5k forfeit 1 month of savings bonus then reset capital amount

ideally reset every Feb , as it has least number of days for earning interest

 

[demoforce1]

just to confirm, we use 'value date' for the Excel, right? not transaction date.

yes, that's correct

 

[reflecx]

no payments from this account...
the tracker may show in the earlier part of the month that the ADB is more than $500 from last month, but when approaching end month it could show lower than $500.... I'm not sure why. Do you all transfer out the interest on the 1st of the month and all other interests that comes in. I do that. once interest and salary in i will transfer out immediately.

You must have withdrawn too much from your account. You can't simply withdraw the excess as shown in OCBC early in the month as your ADB will gradually reduce over more and more days.

 

[Alwaysb]

i took up lion global short duration bond A

Hi, is this etf still qualifies for invest bonus under OCBC 360? I saw that only bond and UT qualifies. Not sure this etf can still buy or not. I also bought this in scb. Do you still keep them or you sold after 14 days?

 

[ericcsn]

Hi, is this etf still qualifies for invest bonus under OCBC 360? I saw that only bond and UT qualifies. Not sure this etf can still buy or not. I also bought this in scb. Do you still keep them or you sold after 14 days?

etf doesnt qualify from https://www.ocbc.com/personal-banking/deposits/360-savings-account

UT S$20,000
Exclude Unit Trusts investments into money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions

Structured Deposits S$20,000

Bonds and structured products S$200,000

I sold a while back. kept it for quite a few months as it was making me money back then and I wasnt saying no to that.

 

[Alwaysb]

etf doesnt qualify from https://www.ocbc.com/personal-banking/deposits/360-savings-account

UT S$20,000
Exclude Unit Trusts investments into money market funds, Systematic Investment Programme (OCBC Momentum) and Unit Trusts transferred in from other financial institutions

Structured Deposits S$20,000

Bonds and structured products S$200,000

I sold a while back. kept it for quite a few months as it was making me money back then and I wasnt saying no to that.

So SBO ticker qualifies under UT in this case?

 

[ericcsn]

So SBO ticker qualifies under UT in this case?

it looks its still available as https://www.ocbc.com/personal-banking/investments/unit-trusts/funds-details.page?fundCode=SGBF

but is it considered as a MMF ? looks like it is not an MMF from what I saw.

choose from https://www.ocbc.com/personal-banking/investments/unit-trusts/what-are-unit-trusts (it should flag out as MMF not for bonus rewards if it is excluded - i didnt see it). Unless you wish to buy a SD or a bond.

 

[Alwaysb]

it looks its still available as https://www.ocbc.com/personal-banking/investments/unit-trusts/funds-details.page?fundCode=SGBF

but is it considered as a MMF ? looks like it is not an MMF from what I saw.

choose from https://www.ocbc.com/personal-banking/investments/unit-trusts/what-are-unit-trusts (it should flag out as MMF not for bonus rewards if it is excluded - i didnt see it). Unless you wish to buy a SD or a bond.

Oh no. My RM told me it qualifies yesterday. And I went to purchase 20k. How the look free works? Means I can cancel it?

 

[ericcsn]

Oh no. My RM told me it qualifies yesterday. And I went to purchase 20k. How the look free works? Means I can cancel it?

it exists both as a UT as well as an ETF.

ETF is a stock trade - u cant cancel it.

To me:
UT qualifies. ETF will not.