ocbc 360 account

[Arandalo]

Main page website
https://www.ocbc.com/personal-banking/deposits/360-savings-account

How to earn the Salary bonus interest (New)
• Credit your salary of at least S$1,800 into the 360 Account.
• Only salary credit through these transaction descriptions and codes in your statements will qualify for this bonus:
• GIRO / PayNow via GIRO with the transaction description “GIRO-SALARY”
• FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”
• To set up your 360 Account as your salary crediting account, please inform your HR department of your new account number (you will only need to do it once).

How to earn the Salary bonus interest (Old)
• Credit your salary of at least S$1,800 into the 360 Account.
• Only salary credit through GIRO/PayNow via GIRO with the transaction description "GIRO - SALARY" in your statements will qualify for this bonus.
• To set up your 360 Account as your salary crediting account, please inform your HR department of your new account number (you will only need to do it once).


Terms and conditions PDF
https://www.ocbc.com/iwov-resources/sg/ocbc/personal/pdf/accounts/tnc-governing-ocbc-360-account.pdf

3. Eligibility Criteria for Bonus Interest (With effect from 02 May 2024)
3.1 Salary Bonus Interest You must successfully credit your salary of at least the required minimum amount into your 360 Account. Only genuine employment salary credit from your employer to your 360 Account via the following methods, credited within the calendar month is eligible:
• GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement.
• FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”. We reserve the right to request for any document or information to verify that the amount credited is your salary. Salary credit in other forms will not be eligible.

3. Eligibility Criteria for Bonus Interest (With effect from 18 August 2023)
3.1 Salary Bonus Interest You must successfully credit your salary of at least the required minimum amount into your 360 Account. Only genuine employment salary credit via GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement, which is credited within the calendar month is eligible. We reserve the right to request for any document or information to verify that the amount credited is your salary. Salary credit in other forms will not be eligible.

 

[pohw0008]

https://www.ocbc.com/personal-banki...RAhISQgOekwAlm_pRLRoC9YgQAvD_BwE&gclsrc=aw.ds


new promo .. rates are the best for new to ocbc 360 and meet the save, salary and spend.

salary can now pay now and giro in.

7.6% on first $75k and 7% on remaining $25k.


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The rest still the same.. mean unlikely to reduce rate in near term..

 

[sglandscape]

Main page website
https://www.ocbc.com/personal-banking/deposits/360-savings-account

How to earn the Salary bonus interest (New)
• Credit your salary of at least S$1,800 into the 360 Account.
• Only salary credit through these transaction descriptions and codes in your statements will qualify for this bonus:
• GIRO / PayNow via GIRO with the transaction description “GIRO-SALARY”
• FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”
• To set up your 360 Account as your salary crediting account, please inform your HR department of your new account number (you will only need to do it once).

How to earn the Salary bonus interest (Old)
• Credit your salary of at least S$1,800 into the 360 Account.
• Only salary credit through GIRO/PayNow via GIRO with the transaction description "GIRO - SALARY" in your statements will qualify for this bonus.
• To set up your 360 Account as your salary crediting account, please inform your HR department of your new account number (you will only need to do it once).


Terms and conditions PDF
https://www.ocbc.com/iwov-resources/sg/ocbc/personal/pdf/accounts/tnc-governing-ocbc-360-account.pdf

3. Eligibility Criteria for Bonus Interest (With effect from 02 May 2024)
3.1 Salary Bonus Interest You must successfully credit your salary of at least the required minimum amount into your 360 Account. Only genuine employment salary credit from your employer to your 360 Account via the following methods, credited within the calendar month is eligible:
• GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement.
• FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”. We reserve the right to request for any document or information to verify that the amount credited is your salary. Salary credit in other forms will not be eligible.

3. Eligibility Criteria for Bonus Interest (With effect from 18 August 2023)
3.1 Salary Bonus Interest You must successfully credit your salary of at least the required minimum amount into your 360 Account. Only genuine employment salary credit via GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement, which is credited within the calendar month is eligible. We reserve the right to request for any document or information to verify that the amount credited is your salary. Salary credit in other forms will not be eligible.

question now is how strict they would be to enforce it

 

[mp4005 help]

question now is how strict they would be to enforce it

want to be safe , transfer from a corporate account.
I think ocbc is stricter than UOB.


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[Arandalo]

no idea. it is a new thing I just saw update.

I would assume they follow UOB. so can be from anywhere. as that is how UOB registers it.

but it is so new , need to rest for one month. OCBC don't have the tracker like UOB.


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There is tracker on the OCBC (desktop) web.

 

[mp4005 help]

There is tracker on the OCBC (desktop) web.

oh. damm. I only use app. every month I manually count my spending. haha.

thanks.


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[ahchan]

Seems the new promo also provide higher saving up till 200K...it is like 2.4% more.
Or is it already like that before? Is it worth it?

 

[Trazora]

Seems the new promo also provide higher saving up till 200K...it is like 2.4% more.
Or is it already like that before? Is it worth it?

what new promo? If u talking about the Grow component, the 2.4% is only on $100k, the other $100k gets a miserable 0.05%

 

[ThreeSteps]

360 ACCOUNT OPENING PROMOTION
Apply for a 360 Account and fulfill these categories to enjoy double bonus interest rate on the first S$75,000 balances for the first 2 months after opening the account. Valid from 2 May to 31 May 2024.
promo t&cs: https://www.ocbc.com/iwov-resources...tncs-governing-ocbc-new-360-account-promo.pdf

OCBC 360 account t&cs (from 02 May 2024) : https://www.ocbc.com/iwov-resources/sg/ocbc/personal/pdf/accounts/tnc-governing-ocbc-360-account.pdf

also refer to main website page : https://www.ocbc.com/personal-banking/deposits/360-savings-account

 

[spikeling]

360 ACCOUNT OPENING PROMOTION
Apply for a 360 Account and fulfill these categories to enjoy double bonus interest rate on the first S$75,000 balances for the first 2 months after opening the account. Valid from 2 May to 31 May 2024.
promo t&cs: https://www.ocbc.com/iwov-resources...tncs-governing-ocbc-new-360-account-promo.pdf

OCBC 360 account t&cs (from 02 May 2024) : https://www.ocbc.com/iwov-resources/sg/ocbc/personal/pdf/accounts/tnc-governing-ocbc-360-account.pdf

also refer to main website page : https://www.ocbc.com/personal-banking/deposits/360-savings-account

Is there a tracker like UOB one account to show whether my salary credit is trigger for 360 or not?

 

[TickTechToe]

Is there a tracker like UOB one account to show whether my salary credit is trigger for 360 or not?

OCBC app quite lousy cannot see whether hit targets for bonus interest. UOB app can see everything. For OCBC, you have to login to their website then can see salary credit and end of month average based on that day. But no credit cards spend hit $500 or not. I guess the bank is using this to their advantage to pawn their customers..

 

[KOPS1974]

OCBC app quite lousy cannot see whether hit targets for bonus interest. UOB app can see everything. For OCBC, you have to login to their website then can see salary credit and end of month average based on that day. But no credit cards spend hit $500 or not. I guess the bank is using this to their advantage to pawn their customers..

Ya lor, i even feedback to them. Told me don't have but will feedback (standard answer).

 

[XiaoFu99]

Hope some can help on that increase $500 average daily balance every month means you need to manually increase every month?

For example:
Apr: $100,000
May: $100,500
Jun: $101,000

2 questions:
1. Does the interest given out by 360 consider as part of that $500?
2. When do we need to transfer that $500, last working day of the month?

Thanks

 

[ericcsn]

Dont waste time. I tried crediting using:

• GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement.
• FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”.

Did not work.

 

[sglandscape]

Dont waste time. I tried crediting using:

• GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement.
• FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”.

Did not work.

How many days did you wait and you checked using the online tracker?

 

[ericcsn]

How many days did you wait and you checked using the online tracker?

On: • FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”.
Since 2 May 24. And I called OCBC 3 days ago, person who took up my call confirmed it was not recognized from what he can see from his end. And wont be (and I pointed him to this statement put up on OCBC website).

On • GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement.
Since 6th May. I see the salary KPI on my 360 account is still showing zero (even with the details showing the KPI is to 7th May to date).

 

[sglandscape]

On: • FAST / PayNow via FAST with transaction code “SAL” or transaction description “SALARY / SALA / SAL”.
Since 2 May 24. And I called OCBC 3 days ago, person who took up my call confirmed it was not recognized from what he can see from his end. And wont be (and I pointed him to this statement put up on OCBC website).

On • GIRO / PayNow via GIRO with transaction description “GIRO - SALARY” printed on the monthly statement.
Since 6th May. I see the salary KPI on my 360 account is still showing zero (even with the details showing the KPI is to 7th May to date).

Seems like they may have some ability to check if its from a corporate account, before deciding to recognise it. Rather strict.

 

[ericcsn]

Seems like they may have some ability to check if it’s from a corporate account, before deciding to recognise it. Rather strict.

Since they don’t want my money with them, I had to settle for elsewhere.

 

[CrashWire]

Since they don’t want my money with them, I had to settle for elsewhere.

They want your money, they just don't want you to scam them.

 

[70niner]

Since they don’t want my money with them, I had to settle for elsewhere.

What’s so difficult to get HR to change the salary crediting account to ocbc360?