ocbc 360 account

[bjornng]

hi all, question.

my ocbc cards are due on 23rd of the month; if i decide to giro automated payment my ocbc cards on 23rd as well, will there be any issues? maybe like it wouldn't be processed on 23rd, only on 24th and i will incur late charges. thanks!

 

[Trazora]

hi all, question.

my ocbc cards are due on 23rd of the month; if i decide to giro automated payment my ocbc cards on 23rd as well, will there be any issues? maybe like it wouldn't be processed on 23rd, only on 24th and i will incur late charges. thanks!

You don't even need to decide when the GIRO payment is triggered. Should not incur late fee when on GIRO.

 

[bjornng]

You don't even need to decide when the GIRO payment is triggered. Should not incur late fee when on GIRO.

i see.. thanks for your reply! so what date will the giro be triggered?

 

[Trazora]

i see.. thanks for your reply! so what date will the giro be triggered?

On the due date, can be any time of the day. And the payment is almost immediate.

 

[bjornng]

On the due date, can be any time of the day. And the payment is almost immediate.

awesome! thanks for your reply!

 

[bitwise]

Hi bitwise,

We could help to check on your account to ensure that the GIRO application is successful.

If you would like for us to do that, do drop us a PM with your contact details. Our service executive will call and assist.

^DG

Hello OCBC,

First off, thank you for the follow up call. It has been sorted out quickly.

But I do have another question... I was just trying the payment to other credit card function. I tried paying 1SGD to one of my cards to test it out. It should also count as 1 bill payment right?

Regards.

 

[Trazora]

Hello OCBC,

First off, thank you for the follow up call. It has been sorted out quickly.

But I do have another question... I was just trying the payment to other credit card function. I tried paying 1SGD to one of my cards to test it out. It should also count as 1 bill payment right?

Regards.

Yes. 10 char

 

[OCBC Bank]

hi all, question.

my ocbc cards are due on 23rd of the month; if i decide to giro automated payment my ocbc cards on 23rd as well, will there be any issues? maybe like it wouldn't be processed on 23rd, only on 24th and i will incur late charges. thanks!

Hi Bjorn,

We received your PM as well, and have replied you.
Our service executive will be calling today to assist.

^DG

 

[OCBC Bank]

Hello OCBC,

First off, thank you for the follow up call. It has been sorted out quickly.

But I do have another question... I was just trying the payment to other credit card function. I tried paying 1SGD to one of my cards to test it out. It should also count as 1 bill payment right?

Regards.

Hi bitwise,

Do note that only unique bill reference number/credit card account number will be recognised. This means if you make multiple payments to one particular bill reference number in the month, it will only be captured as 1 payment.

^DG

 

[lewissac]

Hi.

Im interested to open up the OCBC 360 account. However, I have some confusion and hope I could find the clarification here.

I played around the OCBC360 calculator on their webpage. Assume I have 10,000 deposited and my 2k monthly salary is GIRO-ed, and I have $500 transaction on the credit card (if successfully applied).

a) The 1.2% interest calculated is based on the deposited savings and it is not inclusive of the in-coming 2k monthly salary. Am I right to say that?
b) Can I make 2 payment under the same company? E.g. Singtel? Will it take as a single payment instead?

 

[Trazora]

Hi.

Im interested to open up the OCBC 360 account. However, I have some confusion and hope I could find the clarification here.

I played around the OCBC360 calculator on their webpage. Assume I have 10,000 deposited and my 2k monthly salary is GIRO-ed, and I have $500 transaction on the credit card (if successfully applied).

a) The 1.2% interest calculated is based on the deposited savings and it is not inclusive of the in-coming 2k monthly salary. Am I right to say that?
b) Can I make 2 payment under the same company? E.g. Singtel? Will it take as a single payment instead?

a) The 2k monthly salary will increase the average daily balance for the current month, and the 1.2% interest (and also 0.5% for pay bill and 0.5% for card spend and 0.05% base) will be calculated based on this increased average daily balance. On top of that, you get 1% interest for the incremental balance (the increase in ADB in current calendar month from the last calendar month).

b) considered 2 bills if 2 unique reference numbers

 

[lewissac]

a) The 2k monthly salary will increase the average daily balance for the current month, and the 1.2% interest (and also 0.5% for pay bill and 0.5% for card spend and 0.05% base) will be calculated based on this increased average daily balance. On top of that, you get 1% interest for the incremental balance (the increase in ADB in current calendar month from the last calendar month).

b) considered 2 bills if 2 unique reference numbers

Thanks for the clarification.

Does the bill payment inclusive of credit card payment as well?

Thank you!

 

[Trazora]

Thanks for the clarification.

Does the bill payment inclusive of credit card payment as well?

Thank you!

Yes, can easily use OCBC ibanking and pay $1 to any 3 credit cards to fulfil the bill payment requirement.

 

[rabakboy]

Hello OCBC,

How do i cancel my OCBC 360 account?

 

[sephirothxz]

Hi,

1) if i'm paying my monthly insurance through 365 credit card, does this payment consider as giro?

2) same goes to paying my telco bill using 365?

Thank you!

 

[OCBC Bank]

Hello OCBC,

How do i cancel my OCBC 360 account?

Hi there,

You will have to fill in this form - http://www.ocbc.com/assets/pdf/acco...rms/letter-of-instruction-account-closure.pdf together with the passbook (if any), and mail it to us or submit it at any of our branches.

If you will be visiting our branch, do bring along your NRIC.

Do note that if this is a joint account, all account holders must sign the form/be present at the branch.

^DG

 

[Trazora]

Hi,

1) if i'm paying my monthly insurance through 365 credit card, does this payment consider as giro?

2) same goes to paying my telco bill using 365?

Thank you!

Not sure why you want these to consider as giro. If you want to fulfill 3 bill payment requirement, you can easily just pay $1 via ibanking to any 3 bills eg credit cards.

 

[vince123123]

I actually think that GIRO isn't such a good idea for variable bills because you lose the ability to contest/dispute unauthorised/unjustified charges.

 

[Trazora]

I actually think that GIRO isn't such a good idea for variable bills because you lose the ability to contest/dispute unauthorised/unjustified charges.

Yes. And in top of that no rebate/ reward

 

[bjornng]

Yes. And in top of that no rebate/ reward

i did a recurring OCBC 365 cc payment for my hp and internet bill.. if manage to hit $600/mth can get 3% cashback.

but of course, if got variable charge that you unsure of (like eg, i got additional $100+ roaming charge before i did recurring payment, lucky can waive off ), then once your cc pay, then LL already.