ocbc 360 account

[yslvlys]

Same , resetting to 100k on Sat

Why not reset to 3k (min balance) then top up to 100k in March?

 

[SantyBalls]

Why not reset to 3k (min balance) then top up to 100k in March?

Withdraw all money they nth to deduct. No need keep min balance

 

[eden1988]

1 Feb start on Saturday . So to top up this day 500 or top up 1000 and withdraw on Sunday? Any correct way?

The top-up 1000 and withdraw 500 the next day is only when the 1st day of the month falls on a Sunday or public holiday as it's a non-working bank day (any transactions will be posted the following working day).

If 1st day falls on Sat or any other day except Sun and p.h, you can top-up 500 or depending on your previous month ADB.

Previously I had an issue where I forgot to withdraw my salary on the same day (only did it the following day) and it screwed up my previous month ADB (higher than 500). I top-up 500 but it's not enough to hit 500 increment so had to top-up some more.

 

[waterpighead]

Hi all, one quick clarification on the $500 monthly spend requirement for ocbc360. Is it based on the charge date or posted date? (E.g. i charged $200 on 30 Jan and the transaction’s posted date is 1 Feb - will this $200 be considered as spending for Jan or Feb?)
Apparently, the ocbc website only states ‘Charge at least S$500 to selected OCBC Credit Cards each month’ to earn EIR 1.5%. No further elaboration…

 

[Mickey01]

Hi all, one quick clarification on the $500 monthly spend requirement for ocbc360. Is it based on the charge date or posted date? (E.g. i charged $200 on 30 Jan and the transaction’s posted date is 1 Feb - will this $200 be considered as spending for Jan or Feb?)
Apparently, the ocbc website only states ‘Charge at least S$500 to selected OCBC Credit Cards each month’ to earn EIR 1.5%. No further elaboration…

it is stated clearly at the bottom ..

 

[lanzhu60]

if my current ADB is -627.24, how much to top up and when to top up? and keep till when i can reset to 100k again. current saving is 100k

 

[waterpighead]

it is stated clearly at the bottom ..

Sorry, possible to direct me to the clause? I seriously couldnt find it…

 

[NTTDoCoMo]

Sorry, possible to direct me to the clause? I seriously couldnt find it…

https://www.ocbc.com/personal-banking/help-and-support/accounts/360account-creditcardspendbonus

 

[waterpighead]

https://www.ocbc.com/personal-banking/help-and-support/accounts/360account-creditcardspendbonus

Thks much!!

 

[x9evolution]

Why not reset to 3k (min balance) then top up to 100k in March?

Reset to $100k , still can earn salary bonus + spend bonus = $260 to $270 , only lost out on the save bonus. You reset to $3K then top up $100k on Mar , you get less then $5 interest for Feb

 

[x9evolution]

if my current ADB is -627.24, how much to top up and when to top up? and keep till when i can reset to 100k again. current saving is 100k

Share your ledger balance and monthly average balance then easy to calculate for you , if you are trying to have ADB of $500 now , I roughly calculate that you need top up $35K

-$617.24+$500 = $1117.24 per day
$1117.24 X 31 day (tomorrow date) = $34634.44

 

[SantyBalls]

Share your ledger balance and monthly average balance then easy to calculate for you , if you are trying to have ADB of $500 now , I roughly calculate that you need top up $35K

-$617.24+$500 = $1117.24 per day
$1117.24 X 31 day (tomorrow date) = $34634.44

If he's basing off the browser site figures, need the as of date also. Likely its as of 27 or 28jan.

 

[yslvlys]

Reset to $100k , still can earn salary bonus + spend bonus = $260 to $270 , only lost out on the save bonus. You reset to $3K then top up $100k on Mar , you get less then $5 interest for Feb

OK, but shd also see if there are no frills account like isavvy and esaver offering 3%+ in Feb. For me, my spend will be with UOB One so will likely reset to 3k and put the rest in eSaver or isavvy, cos I will only get salary bonus from O360 account in Feb.

 

[x9evolution]

EIR for Salary + spend + base = 3.15% , iSavvy = 3.2% , so for me I will just leave it in 360 and reset it to $100k

And for you if you reset to $3k , salary bonus earn you about $5 in Feb

 

[yslvlys]

EIR for Salary + spend + base = 3.15% , iSavvy = 3.2% , so for me I will just leave it in 360 and reset it to $100k

And for you if you reset to $3k , salary bonus earn you about $5 in Feb

Oh then shd just transfer to isavvy ma for the 0.05% more, just 1 click and will have less 1 top up cycle for 360 as well.

But yeah understand it's too mafan for some.

 

[Cumzilla]

Why not reset to 3k (min balance) then top up to 100k in March?

Let say I did it this way 2 months ago, topped up to 100k 1st Dec from 3k balance in Nov. The ADB is still showing more than 3k for Jan, do I still need to top up $500 for Jan? Or issit based on the account end balance of 100k on 31st Dec and I need to increase more than $500 this month in order to get the save bonus?

 

[x9evolution]

Let say I did it this way 2 months ago, topped up to 100k 1st Dec from 3k balance in Nov. The ADB is still showing more than 3k for Jan, do I still need to top up $500 for Jan? Or issit based on the account end balance of 100k on 31st Dec and I need to increase more than $500 this month in order to get the save bonus?

If your ADB is showing more then $500 as of today , no need to do any top up.

 

[x9evolution]

Oh then shd just transfer to isavvy ma for the 0.05% more, just 1 click and will have less 1 top up cycle for 360 as well.

But yeah understand it's too mafan for some.

Not a bad idea also if can top up to $200K for 3.4% , but that’s the rate for Nov-Jan promo , shall see the new rate tmr for iSavvy

 

[EveMuffins]

can I confirm if my understanding is correct? for salary+save $500+maintain $200k, the EIR is 3.2%?

the ocbc 360 calculator cannot tick the maintain $200k box to see EIR.

 

[yslvlys]

Let say I did it this way 2 months ago, topped up to 100k 1st Dec from 3k balance in Nov. The ADB is still showing more than 3k for Jan, do I still need to top up $500 for Jan? Or issit based on the account end balance of 100k on 31st Dec and I need to increase more than $500 this month in order to get the save bonus?

Nov - 3k
Dec - 100k
Not sure what u mean by ADB more than 3k for Jan, but if u didn't withdraw anything, your ADB for Jan should be at least 100k? You need to check the increase in ADB counter using desktop online banking to be sure. If it doesn't show at least 500 increase, u need to top up till it shows increase in 500 ADB.