Standchart eSaver

[Imhthc]

From now till 31 May 2023, earn up to 3.80% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to March 2023 average daily balance)

If take existing SCB April cash transfer to Bank A, then transfer to Bank B and back to SCB. Will this consider as incremental fresh funds?

Dun understand. It is based on march 23 adb. If u earn incremental fresh fund interest in Apr 23, just leave it there. No need to do anything to get may 23 incremental fresh fund interest. If u DUN get any fresh fund incremental interest in apr23, regardless how u transfer and put the same fund back, it won’t help.

 

[SantyBalls]

Today interest for April come in liao?

 

[ThreeSteps]

Today interest for April come in liao?

refer to this post #4469 by vsvs24:
https://forums.hardwarezone.com.sg/threads/standchart-esaver.5070862/page-224#post-147352508

 

[F1ngolf2012]

Deposit now (not tomorrow too) if your Mar is zero, dun wait till 1 May cos is a holiday, if I am not wrong, value date will be May 2. Your choice.

SCB valued incoming transfer on same day including weekends and PH.

 

[royalmix]

SCB valued incoming transfer on same day including weekends and PH.

I always do my banking during business hours, ie day time, no Sunday or Public Holidays. I dun have to remember each bank's cutoff time, which is tough to remember.

It is your money, do your own due diligence!

My banking practice do not require me to know as I live more, bank less!
Mind you, interest was calculated and credited on 29 April! Good Luck to you!

Dun wish to waste my time on this matter or any other matters!

 

[firexed]

Hi all,

Interest and bonus interest credited on 29 Apr 2023. If you use the mobile app, transactions details does not show the interest posting although the balance does include the posted interest.

But if you use browser, transaction details shows the interest posting.

This issue happened after the revamp of their mobile app. Now I cannot rely on mobile app and always have to login to browser as I cannot be sure if there are transactions that I cannot see.

Please help to feedback this to Standard Chartered. It is ridiculous that mobile app cannot be trusted.

Another issue is if you temporarily block your credit card, the card totally disappear like it never exist. Can't check transactions or check due date. Other banks with this feature will block but the card details still appear as usual.

I have the same issue. Not only that, the new app gives a black screen during authentication with browser login. Need offline OTP to login.

Anyone else have this issue ? Had no such issues with the old app.

 

[vsvs24]

I have the same issue. Not only that, the new app gives a black screen during authentication with browser login. Need offline OTP to login.

Anyone else have this issue ? Had no such issues with the old app.

No issue for authentication.

Maybe try if this works. Make sure your SC mobile app is closed completely at the time of authentication. Use the notification to open.

 

[SantyBalls]

just to confirm, esaver interested is based on ADB right?

how they calculate adb if interest given on 29april? 29apr and 30apr the adb how?

 

[F1ngolf2012]

It is your money, do your own due diligence!

Needless to say!

Dun wish to waste my time on this matter or any other matters!

Wow! You sound offended.
Wonder why you bother to respond to my post that SCB valued incoming transfer on same day including weekends and PH? If such info is not useful to you, it does not necessary mean it is not useful to others.

 

[royalmix]

Needless to say!

Wow! You sound offended.
Wonder why you bother to respond to my post that SCB valued incoming transfer on same day including weekends and PH? If such info is not useful to you, it does not necessary mean it is not useful to others.

U sound more than offended.

Evidence is best due diligence, that's what I am sharing when there are differences, and I am sharing my evidence.

Share and be prepared to be challenged! Dun waste my time. Improve your comprehension!

 

[F1ngolf2012]

Evidence is best due diligence, that's what I am sharing when there are differences, and I am sharing my evidence.

I must have missed your evidence. May I know where I can view them? I stand to be corrected on SCB value date for incoming transfers on weekends and PH.

Share and be prepared to be challenged! Dun waste my time. Improve your comprehension!

My SCB eSaver transaction history indicated value date: 30 April (Sunday) and 1 May (PH) for my 30 April and 1 May incoming transfers with posting date 2 May. So may I know what does that mean?

 

[royalmix]

SCB valued incoming transfer on same day including weekends and PH.

How did you arrive at this strong conviction/conclusion in the first place?

I must have missed your evidence. May I know where I can view them? I stand to be corrected on SCB value date for incoming transfers on weekends and PH.

My SCB eSaver transaction history indicated value date: 30 April (Sunday) and 1 May (PH) for my 30 April and 1 May incoming transfers with posting date 2 May. So may I know what does that mean?

wait for your interest to be credited on 31 May to find out!

just to confirm, esaver interested is based on ADB right?

how they calculate adb if interest given on 29april? 29apr and 30apr the adb how?

You also did not read this post? Go figure out!

 

[firexed]

No issue for authentication.

Maybe try if this works. Make sure your SC mobile app is closed completely at the time of authentication. Use the notification to open.

Thanks but this doesn't work either.

 

[limjohnny]

Just tried to open esaver account online. Unfortunately it’s not instant approval like they say.. still waiting so I can transfer funds in.

No leh, mine was instant. My daughter also applied few days ago & also instant. Immediately transfer fund over.

 

[Imhthc]

No issue for authentication.

Maybe try if this works. Make sure your SC mobile app is closed completely at the time of authentication. Use the notification to open.

Ya. I generally got the black screen when I din log out my mobile properly which I do not usually have such habit. What I did was just hard close the scb app and login to webpage desktop version again and it works normal

 

[F1ngolf2012]

How did you arrive at this strong conviction/conclusion in the first place?

From the Value Date stated on my eSaver transaction history. Isn't that good enough?

wait for your interest to be credited on 31 May to find out!

Are you saying that the eSaver bonus interest calculation is not based on SCB Value Date as stated on eSaver transaction history and you have evidence to show this is the case?
If yes, I'm prepared to ask my SCB RM to help claw back the bonus interest shortfall. It would be helpful if you can confirm this with evidence.

 

[limjohnny]

Halo,
On the SCB value date conversations, I just did a transfer and it shows below (alignment a bit out):

DATE TRANSACTION
02/05/2023 FAST(OTHR)
(VALUE DATE: 01/05/2023)

 

[F1ngolf2012]

Halo,
On the SCB value date conversations, I just did a transfer and it shows below (alignment a bit out):

DATE TRANSACTION
02/05/2023 FAST(OTHR)
(VALUE DATE: 01/05/2023)

Yup! This is what showed up on my transaction too. Likewise for many 30 April (Sunday) incoming transfer, it showed Value Date: 30/04/2023.
@royalmix seems to suggest that based on his past experience, the bonus interest calculation is not based on value date i.e. 30 April and 1 May incoming transfers will be treated as 2 May (working day). Waiting for his kind confirmation.

 

[limjohnny]

I already shared, dun transfer money in on Sunday and Public Holiday!

Yes, I only saw it after I transferred. But I'm still unsure of the transaction meaning. Does the value date showing there (01/05/2023) means the interest starts today onwards?

 

[F1ngolf2012]

I am offended by this post, so I am reluctant to help you

Don't really need your help as I already have the answer.

You transferred money in on 30 April - posting date 2 may and for 1 May has posting date May2?

Per my earlier posts, Value Date are 30 April and 1 May.