Standchart eSaver

[CaptainWu]

New promotion by invitation:

Dear Sir, As our valued client, you can earn up to 3.50% p.a. interest on your e$aver balances, from now till ‌3‌1‌ ‌Aug‌ust‌ ‌20‌23.‌ Simply maintain your account balance to qualify for the promotion! How it works: You will earn bonus interest on balances in your eligible e$aver account(s) ending for the calendar month when your month end deposit balance is equal or higher than your deposit balance on ‌3‌1 ‌Ma‌y‌ ‌20‌23.

I got similar email but lower rate of 3.4%...ADB need to be higher than end May, normal inviation do not need that...anyway I already moved out June 1.

 

[Imhthc]

Seems like SCB wants to compete with HSBC in T&C confusion. Sweat.

But logically no bank is so good to only consider that one single last day balance to determine deposit calculation. Doesn't make sense. 那有那麽便宜的事？？

Not only confusing. They like to interpret their tnc according to their advantage. Beware. Case in point is the smart card promo. It states eligibility-existing card holders but refutes that it is for new cardholders only and simply ignore the clause and wordings of eligibility-existing cardholders in the term clause 4. Called cso and all sing the same songs and refused to answer my question on the existing cardholder in the clause. One of them even “explained” that the clause is there to define the existing cardholder. Then the branch RM lagi better. He further brought up the terms that the bank will deem its explanation to its discretion. Gave up. My point is I won’t be surprised at the end of the day if we don’t get our due promo interest and cannot find anyone in the bank to understand the terms as we do.

 

[Guojing88]

New promotion by invitation:

Dear Sir, As our valued client, you can earn up to 3.50% p.a. interest on your e$aver balances, from now till ‌3‌1‌ ‌Aug‌ust‌ ‌20‌23.‌ Simply maintain your account balance to qualify for the promotion! How it works: You will earn bonus interest on balances in your eligible e$aver account(s) ending for the calendar month when your month end deposit balance is equal or higher than your deposit balance on ‌3‌1 ‌Ma‌y‌ ‌20‌23.

How come my invite email only 3.4%? How do they price discriminate here?

 

[SantyBalls]

sent them an email, they are still checking.
Only received base interest for May, seeking a confirmation bonus interest will follow...

Cause if dont have, 3.4% is really low

 

[sohguanh]

Not only confusing. They like to interpret their tnc according to their advantage. Beware. Case in point is the smart card promo. It states eligibility-existing card holders but refutes that it is for new cardholders only and simply ignore the clause and wordings of eligibility-existing cardholders in the term clause 4. Called cso and all sing the same songs and refused to answer my question on the existing cardholder in the clause. One of them even “explained” that the clause is there to define the existing cardholder. Then the branch RM lagi better. He further brought up the terms that the bank will deem its explanation to its discretion. Gave up. My point is I won’t be surprised at the end of the day if we don’t get our due promo interest and cannot find anyone in the bank to understand the terms as we do.

Actually to be fair to SCB, I believe other banks also suffer from the same issue regarding the TnC and how one interpret it and how they (the banks) interpret it. You call in record or even screen-shot the messages and they can just say the cso did not explain the full picture or say cso was not briefed on the deep details etc. That's it! What you going to do? Sue the bank to court? No correct? So learn to adapt and never ever all in your monies to any of their promotion is a lesson I learned all these years.

 

[havetheveryfun]

Actually to be fair to SCB, I believe other banks also suffer from the same issue regarding the TnC and how one interpret it and how they (the banks) interpret it. You call in record or even screen-shot the messages and they can just say the cso did not explain the full picture or say cso was not briefed on the deep details etc. That's it! What you going to do? Sue the bank to court? No correct? So learn to adapt and never ever all in your monies to any of their promotion is a lesson I learned all these years.

thats why i said before its worrying in the event of a bank crash and people laugh and scold at me instead.

 

[Squaredot]

I got similar email but lower rate of 3.4%...ADB need to be higher than end May, normal inviation do not need that...anyway I already moved out June 1.

Wow, invite at 3.4%, same as current promo wor

 

[CaptainWu]

Wow, invite at 3.4%, same as current promo wor

Exactly and even same term and condition...what's the point to send the invitation to a loyal customer? I have a feeling its computer driven email....without looking through.

 

[Velton]

Didn't receive this promotion at all. Maybe Cos I only keep the minimum 1k inside. Haha

 

[sglandscape]

Exactly and even same term and condition...what's the point to send the invitation to a loyal customer? I have a feeling its computer driven email....without looking through.

Cannot be la, they probably have looked at past customer behaviour

 

[xoxozone]

I signed up in May as new customer for SCB in app exclusive promotion interest 4% ending 31 May.
Now I calculate the interest only received 3.8%.

They cheated !!!!

Can I confirm with people here. If I top up funds again this month, what will be the interest be? Is it 3.4% or still remain 3.8%?

The original signed up promo bonus interest 3.8% will last for 6 months on my 1st fresh funds right?

 

[sglandscape]

I signed up in May as new customer for SCB in app exclusive promotion interest 4% ending 31 May.
Now I calculate the interest only received 3.8%.

They cheated !!!!

Can I confirm with people here. If I top up funds again this month, what will be the interest be? Is it 3.4% or still remain 3.8%?

The original signed up promo bonus interest 3.8% will last for 6 months on my 1st fresh funds right?

You can email them but the additional amount likely would be credited later. The default rate that would be credited first. First time to SCB need to learn their promo mechanics.

 

[Hulky8]

How come my invite email only 3.4%? How do they price discriminate here?

My frd kept more than1 mio inside his acct n Scb auto send email invite at 4,3% with no reference
month balance…..so I think Scb 1 eye big 1 eye small look at yr past balance n decide there n then,,,,
i hv 3.2% take it or leave it cause bal kechil…..lan lan is the word

 

[xoxozone]

You can email them but the additional amount likely would be credited later. The default rate that would be credited first. First time to SCB need to learn their promo mechanics.

How about I top up funds again this month, what will be the interest be?

 

[Devilsire]

Exactly and even same term and condition...what's the point to send the invitation to a loyal customer? I have a feeling its computer driven email....without looking through.

Public offer is based on "incremental balance". Invite at ADB balance i.e full balance is way better than public offer despite the same rates

 

[AlvinDj]

I signed up in May as new customer for SCB in app exclusive promotion interest 4% ending 31 May.
Now I calculate the interest only received 3.8%.

They cheated !!!!

Can I confirm with people here. If I top up funds again this month, what will be the interest be? Is it 3.4% or still remain 3.8%?

The original signed up promo bonus interest 3.8% will last for 6 months on my 1st fresh funds right?

Relax lah don't anyhow say they 'cheated' 1st..

Wait till end of the month before you jump to conclusion lol..

 

[SantyBalls]

I signed up in May as new customer for SCB in app exclusive promotion interest 4% ending 31 May.
Now I calculate the interest only received 3.8%.

They cheated !!!!

Can I confirm with people here. If I top up funds again this month, what will be the interest be? Is it 3.4% or still remain 3.8%?

The original signed up promo bonus interest 3.8% will last for 6 months on my 1st fresh funds right?

I thought the 4% is only for june to dec?

 

[crossfitter]

its already the 19th but the bonus interest has not been credited yet. Have any one received it for the month of May yet?

 

[zeroX26]

its already the 19th but the bonus interest has not been credited yet. Have any one received it for the month of May yet?

Time to chase your RM lah.

 

[V_for_Vanilla]

its already the 19th but the bonus interest has not been credited yet. Have any one received it for the month of May yet?

Not yet too. Past months credited on 19th, although t&c states "by 20th".