SCB , Receive up to $7000

[techman03]

has anyone tried this enrolling as priority banking with scb get $7000
then use the funds for fixed dep at 1.38% per 12months

https://www.sc.com/sg/promotions/invest-and-insure/

requirements for priority banking

Receive up to S$7,0001
1Priority Banking Q1’18 Sign-Up Promotion is available until 31 March 2018. To qualify, you need to be a new to bank customer and during the promotion period (i.e. before 31 March 2018): (A) open and have at least one SGD Current/Cheque/Savings account, (B) start a Priority Banking relationship and place minimum S$200,000 (or foreign currency equivalent) of Fresh Funds in the form of Eligible Deposits and/or Eligible Investments, (C) maintain at least S$200,000 of assets under management for at least 6 months. Further you must also complete a Financial Needs Analysis (FNA) within 3 months from the date of placement of the minimum Fresh Funds amount. When computing eligibility, the Bank will take into account only 50% of the value of Fresh Funds in the respective accounts for Time deposits, Bonus$aver deposits and E$aver deposits. Reward will be in the form of credit to one of your SGD Current/Cheque/Savings account(s), as determined by the Bank. Reward is forfeited if you fail to maintain at least one SGD Current/Cheque/Savings account. Exclusions and other conditions apply. Please refer to the full version of Priority Banking Q1’18 Sign-Up Promotion Terms and Conditions for full terms and conditions, including meaning of capitalised terms, which can be found at the bottom of this webpage.

 

[techman03]

must be new to bank customer le... meaning if i got bonussaver account and credit cards, i fail to meet the requirements for the $7,001 right..?

yes new customer.

for 200k to some amount you get $1000
$7000 applies only if you maintain 1.5m

but i was thinking of bundling this opening acct then put the funds in their fixed deposit account of 1.38% per annum.

for 200k is already 2760 + 1000bonus means 3760 for 12months
so far not so bad comparing to other fixed dep rates out there like
sbi

 

[Verbatin]

is this new customer to SCB ? or existing customers but new to SCB priority also entitled?

 

[techman03]

is this new customer to SCB ? or existing customers but new to SCB priority also entitled?

must be new customer.

in order to get both benefits like $1000 welcome gift and the 1.38% fd interest
you need to put in at least 400k. just spoke to their RM.

 

[numbers]

i want!! but i dont have 200k leh.

 

[ocs_woodlands]

must be new customer.

in order to get both benefits like $1000 welcome gift and the 1.38% fd interest
you need to put in at least 400k. just spoke to their RM.

I wonder what will happen if I use my teenage daughter's name to open the account

 

[techman03]

I wonder what will happen if I use my teenage daughter's name to open the account

hahaha maybe u sure get higher % interest since using kids acct.
they sure wonder how so rich this kid is.