Standchart eSaver

[sibeiTrolled]

esaver if send funds in on sat evening, is it considered for the 3.6%?

When you put in dosent matter, only matters is you put in before 31st March 24.
Putting funds early just ensure you get the full interest on your balance. You can refer to TnC 5B for more details as it seems to fit your question.

Is 9 feb considered PH for scb?

Shouldn't be, since it's not a listed holiday for Singapore

 

[1l92041H]

When you put in dosent matter, only matters is you put in before 31st March 24.
Putting funds early just ensure you get the full interest on your balance. You can refer to TnC 5B for more details as it seems to fit your question.


Shouldn't be, since it's not a listed holiday for Singapore

i mean in the sense of value dating.

I understand SCB cannot send funds in on sunday/PH i.e. not counted for interest tabulation

 

[sibeiTrolled]

i mean in the sense of value dating.

I understand SCB cannot send funds in on sunday/PH i.e. not counted for interest tabulation

If based on this, https://www.sc.com/sg/help/faqs/bank-with-us-faqs/ , should be.

Transactions submitted after the cut-off time or on public holidays, Saturdays and Sundays will be processed on the next business day.

 

[~sabaisabai~]

is there any fall below fee for esaver?

 

[maumu]

Saturday FAST still valued as Saturday itself, but maybe the cut-off time is earlier instead of usual weekday's.

 

[Imhthc]

is there any fall below fee for esaver?

Yes the clause states $5 for fall below fee if <$1000. The fee is waived if u r a priority customer.

 

[1l92041H]

Saturday FAST still valued as Saturday itself, but maybe the cut-off time is earlier instead of usual weekday's.

Will it show on txn date if my actual value date is different? So that I can send test amt first

 

[redglue23]

Super lousy and disappointing offer from SCB.

Priority Private, AUM>2MM, Batch B Invitation

For those who got Batch A, can share tier and AUM?

Batch B no difference from the public offer, other than the 5MM limit. Will move my funds to HSBC Feb EGA promo.

 

[tmkedmw]

Super lousy and disappointing offer from SCB.

Priority Private, AUM>2MM, Batch B Invitation

For those who got Batch A, can share tier and AUM?

Batch B no difference from the public offer, other than the 5MM limit. Will move my funds to HSBC Feb EGA promo.

Batch A/B not by tier or AUM.

 

[mojipei]

This promo is for 2 months, compared against JAN ADB
So for your case which you are a new customer, is against 0 SGD for the 2 months.

Once 1st April, yes you can withdraw, to withdraw all or to keep 1k SGD in it, it's up to you.
ESaver is a 1k SGD minimum balance account but there are people who keep it 0 SGD and do not encounter the min balance fees. YMMV

1K is the minimum balance, if cannot keep the minimum balance what will happen?

 

[Imhthc]

1K is the minimum balance, if cannot keep the minimum balance what will happen?

Fall below fee of $5

 

[mojipei]

Fall below fee of $5

But I will put back another $20000 to make full use of the promotion. So, it is not considered fall below, right?

This promo is for 2 months, compared against JAN ADB
So for your case which you are a new customer, is against 0 SGD for the 2 months.

Once 1st April, yes you can withdraw, to withdraw all or to keep 1k SGD in it, it's up to you.
ESaver is a 1k SGD minimum balance account but there are people who keep it 0 SGD and do not encounter the min balance fees. YMMV

The earlier promotion was for 2 months, Dec to Jan, now Jan one can withdraw. If I withdraw all, the next cycle will count from zero or the JAN ADB? Since in the last cycle, I pump in 20K, and never withdrawn. So my JAN ADB has to be 20K. If based on JAN ADB, I have to put in extra cash to make use of the promotion.
My strategy may be withdraw all, go into HSBC and from HSBC come to SC. Will this strategy work? Any experts here can explain a little bit more on how it works, thanks.

 

[sibeiTrolled]

f I withdraw all, the next cycle will count from zero or the JAN ADB?

JAN ADB

Since in the last cycle, I pump in 20K, and never withdrawn. So my JAN ADB has to be 20K.

Yes

f based on JAN ADB, I have to put in extra cash to make use of the promotion.

Yes

go into HSBC and from HSBC come to SC. Will this strategy work?

HSBC and SC same period. Current SC promo till 31st March, so you have to wait for the promo AFTER 31st march or else stil based on the 20k ADB

 

[Imhthc]

But I will put back another $20000 to make full use of the promotion. So, it is not considered fall below, right?

The earlier promotion was for 2 months, Dec to Jan, now Jan one can withdraw. If I withdraw all, the next cycle will count from zero or the JAN ADB? Since in the last cycle, I pump in 20K, and never withdrawn. So my JAN ADB has to be 20K. If based on JAN ADB, I have to put in extra cash to make use of the promotion.
My strategy may be withdraw all, go into HSBC and from HSBC come to SC. Will this strategy work? Any experts here can explain a little bit more on how it works, thanks.

The fall below fee is based on ADB of the month.
technically if u clear everything in the second month of the promo, there is a fall below fee unless u can maintain a ADB of $1000. $30,000 ($20,000 day 1 and $10,000 day 2 and $0 for the rest of the month) for 30-day month - $31,000 for 31-day month. Then comes the new public promo, u can enjoy ur new incremental balance interest minus $1,000(base interest)

 

[songsongmeow]

If I deposit 10k fresh funds, the next day I withdraw 2k, then deposit back 1k, is my total fresh funds 8k or 9k?

 

[Imhthc]

If I deposit 10k fresh funds, the next day I withdraw 2k, then deposit back 1k, is my total fresh funds 8k or 9k?

Problem sum? What is this fresh fund calculation for? Bonus interest eligibility?

 

[sibeiTrolled]

If I deposit 10k fresh funds, the next day I withdraw 2k, then deposit back 1k, is my total fresh funds 8k or 9k?

SC uses ADB to calculate, so you can just excel / google sheet these numbers.
They even have the how they calculate in the TnC.

In short, treat it like a short term FD.
If you want to move your monies, then expect the interest to be lower or higher overall

 

[laeticia]

How long does it take to get the login for Internet banking? I signed up for new esaver account but cannot find any email with the login details

 

[maumu]

check the tnc... I believe they calculate "top up amount" based on the difference between EOD balance of Feb and Jan.

 

[royalmix]

1K is the minimum balance, if cannot keep the minimum balance what will happen?

ADB 1k to avoid fall below, if you did not have ADB 1k and there is any balance in the account on the last day, they will deduct fall below fee. So the hack is to keep zero on last day of mth, there is nothing for them to deduct fall below fee. It works for donkey years!

My strategy may be withdraw all, go into HSBC and from HSBC come to SC. Will this strategy work? Any experts here can explain a little bit more on how it works, thanks.

Withdraw all in Feb for SCB, go to HSBC for 2mths, then return to SCB in April if promo rates are good to you. SCB April will compare to Mar ADB which should be zero for you to earn max interest. Provided your HSBC ADB for Jan is zero or low too.

Alternative if you have "hacking bullets", open a joint SCB esaver, move your funds there for Feb/Mar, if u dun want to wait till May to receive your bonus interest for HSBC