ocbc 360 account

[bargin]

Eh. Now the 360 account salary can send by FAST like for UOB One?

does not work, need to be from company corporate account through Giro

 

[ahnyaahnya]

does not work, need to be from company corporate account through Giro

You tried ?
When?

 

[ericcsn]

You tried ?
When?

you are always welcomed to try. Put the money in whatever combo you can think of, then check into the account to see if it registers in the salary category.

But my advice is per before: Dont waste time, it likely won't work (unless they have relaxed it):

https://forums.hardwarezone.com.sg/threads/ocbc-360-account.4629515/post-152314301

https://forums.hardwarezone.com.sg/threads/ocbc-360-account.4629515/post-152314701

And if you think this youtube works, it didnt (or no longer does) :

Good luck.

 

[ahnyaahnya]

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

How is that a scam?

 

[ahnyaahnya]

you are always welcomed to try. Put the money in whatever combo you can think of, then check into the account to see if it registers in the salary category.

But my advice is per before: Dont waste time, it likely won't work (unless they have relaxed it):

https://forums.hardwarezone.com.sg/threads/ocbc-360-account.4629515/post-152314301

https://forums.hardwarezone.com.sg/threads/ocbc-360-account.4629515/post-152314701

And if you think this youtube works, it didnt (or no longer does) :

Good luck.

So can find out within few days whether it works?
Maybe I go try tomorrow.

 

[ericcsn]

So can find out within few days whether it works?

yes. shouldnt take more than a couple of day

You are a retiree.
Just start a company and open a corporate account and be its employee (at this salary amount with the current tax relief you should be able to avoid any income tax).

Then from your corporate account it will work.

 

[ahnyaahnya]

yes. shouldnt take more than a couple of day

You are a retiree.
Just start a company and open a corporate account and be an employee (at this salary amount with the current tax relief you should be able to avoid any income tax).

Then from your coporate account it will works.

Nah . Too troublesome. Afterall , max is 100k only. Any excess only earns basic rate.
And rates also going down next month

 

[ericcsn]

Nah . Too troublesome. Afterall , max is 100k only. Any excess only earns basic rate.
And rates also going down next month

it is actually not bad. currently 4.7% with investment (and there are plenty of relatively safe unit trusts to choose from) which will go down to 3.95% (with invest) from next month for $100k

 

[HoGnix]

it is actually not bad. currently 4.7% with investment (and there are plenty of relatively safe unit trusts to choose from) which will go down to 3.95% (with invest) from next month for $100k

But for SCB Bonus$aver, if with similar investment, the interest will be 5.5% currently, right?

 

[ericcsn]

But for SCB Bonus$aver, if with similar investment, the interest will be 5.5% currently, right?

Yes. But if you have significantly more than $100k (or $150k in UOB 1 case), you have to fill the different bank pots once each of them reaches the brink.
so multiple HYSA needed as you and others do.

 

[Mickey01]

Nah . Too troublesome. Afterall , max is 100k only. Any excess only earns basic rate.
And rates also going down next month

Agree.

Personally, I do not want to disturb the hornets' nest with that uncle "I" It is only extra 1.5% p.a. of $100k

 

[ahnyaahnya]

But for SCB Bonus$aver, if with similar investment, the interest will be 5.5% currently, right?

For this, can we FAST the salary from our personal account from another bank?

 

[HoGnix]

Looks only OCBC cannot self Credit Salary.

 

[yslvlys]

Last month for 3.2%pa for salary+save right? I just top up to 100ksgd

 

[marshmallow96]

I don't remember FAST being included in the terms before.
I only just noticed it the other day.

it's been there for a few months. Read in some Telegram groups before, got pple tried, the tracker in website indicated salary credited, but in the end the salary bonus did not come. They checked with OCBC and was told that own self FAST cannot.

 

[ahnyaahnya]

it's been there for a few months. Read in some Telegram groups before, got pple tried, the tracker in website indicated salary credited, but in the end the salary bonus did not come. They checked with OCBC and was told that own self FAST cannot.

I transferred the Salary today. But not any extra funds.

OCBC shows it as Salary from my own name
So I transferred some money to Div Plus instead.

 

[ahnyaahnya]

it's been there for a few months. Read in some Telegram groups before, got pple tried, the tracker in website indicated salary credited, but in the end the salary bonus did not come. They checked with OCBC and was told that own self FAST cannot.

They did that during the last few months? After it was included there?

 

[ericcsn]

Last month for 3.2%pa for salary+save right? I just top up to 100ksgd

yes. last month for 3.2% on salary+save+$500 above previously month ADB on $100k

 

[ahnyaahnya]

Agree.

Personally, I do not want to disturb the hornets' nest with that uncle "I" It is only extra 1.5% p.a. of $100k

Yah. Someone, didn't want to open One account at UOB cos scared of Uncle IRA.
Scared they add it to her income for taxation.

 

[ericcsn]

Yah. Someone, didn't want to open One account at UOB cos scared of Uncle IRA.
Scared they add it to her income for taxation.

Does not seem to be a legal issue. There are ppl who instruct their companies' HR to split their salaries across different banking accounts.
For expatriate staffs - quite normal - because they are paid some parts of their salary in their home currency and other parts in the local currency where they work and this (obviously) requires crediting to different accounts.