Standchart eSaver

[Squaredot]

Okay. I think your offer seems to be different from the usual one, where they did not mention that the ADB must be more than the reference month (in this case May)...

What’s the usual one?
my old invite is the best no need to be more than reference month, just did a one-time top up by the given date to qualify for the bonus interest in the invite.

 

[Squaredot]

My offer was this and the mechanism is different though:
<ADV> Earn up to 3.5% p.a. interest on your e$aver balance (capped at S$5mil) from now till 31 Aug'23. To qualify, ensure the month end balance in your account ending XXXX during Jun-Aug'23 is not lower than the balance on 31 May 2023. Speak to your RM or visit our bank's website and search keyword #jn23a for T&Cs that apply. Insured up to S$75K by SDIC. To unsub on SC Mobile or Online Banking: Go to "Other Request" under Help & Services.

This offer need to have a higher balance on 30 Jun, 31July and 31 Aug than 31 May balance.
If your 31 May balance is Mount Everest then it’s hard to take part in this offer.

 

[ahchan]

What’s the usual one?
my old invite is the best no need to be more than reference month, just did a one-time top up by the given date to qualify for the bonus interest in the invite.

I do not know what is the usual one but at least the one that I have got did not mention anything about ADB must be higher than reference month.

Mine latest one is:
"You qualify to enjoy 4% p.a. interest on your e$aver account(s) ending xxxx from 1 Mar'23 to 31 Aug'23 on ADB up to S$5mil. Speak to your RM or visit our bank's website and search keyword #m23a for e$aver Exclusive Bonus Interest (Mar'23 - Phase A) Promo T&Cs that apply. Insured up to S$75K by SDIC"

 

[Mickey01]

I do not know what is the usual one but at least the one that I have got did not mention anything about ADB must be higher than reference month.

Mine latest one is:
"You qualify to enjoy 4% p.a. interest on your e$aver account(s) ending xxxx from 1 Mar'23 to 31 Aug'23 on ADB up to S$5mil. Speak to your RM or visit our bank's website and search keyword #m23a for e$aver Exclusive Bonus Interest (Mar'23 - Phase A) Promo T&Cs that apply. Insured up to S$75K by SDIC"

when you receive the invite, it is exclusive to your account(s) for you to enjoy. Different depositors may have received different invites but SCB will always attach a Terms and Conditions. No need to confuse everyone here .... "your one", "my one", "usual one" . All the previous invites including May 2023 invites are already in the history books.

from one of the posters here, seems like this is the latest (Phase B) for Jun 2023 invite (if you receive any)

https://www.sc.com/sg/terms-and-conditions/esav-jn23b/

 

[Squaredot]

when you receive the invite, it is exclusive to your account(s) for you to enjoy. Different depositors may have received different invites but SCB will always attach a Terms and Conditions. No need to confuse everyone here .... "your one", "my one", "usual one" . All the previous invites including May 2023 invites are already in the history books.

from one of the posters here, seems like this is the latest (Phase B) for Jun 2023 invite (if you receive any)

https://www.sc.com/sg/terms-and-conditions/esav-jn23b/

yeah, agree with Mickey.

@ahchan
Important read the T&Cs of your invite.
If u need clarification on any part of the T&C, cut & paste it here, we may be able to help u out.

 

[GrandJedi]

My special invite will end in June 2023!

It has been good for a year. No choice but to empty my eSaver account in a few days time.

 

[havetheveryfun]

My special invite will end in June 2023!

It has been good for a year. No choice but to empty my eSaver account in a few days time.

empty to where ?

 

[ahchan]

yeah, agree with Mickey.

@ahchan
Important read the T&Cs of your invite.
If u need clarification on any part of the T&C, cut & paste it here, we may be able to help u out.

I think #m23a is still under the old scheme and thus there is no requirement for the ADB to be higher than reference month.

I am not sure if the new offers include that or not. At least I have not received any new offer yet.

You may check out the T*C here for #m23a:
https://www.sc.com/sg/terms-and-conditions/esav-m23a/
Please kindly let me know if my understanding is wrong.
At least for the last 3 offers that I had with SC, there was no such requirement on incremental ADB.

 

[GrandJedi]

empty to where ?

Thats a problem.. I only have CIMB FastSaver... about 2% only... (the only one I know without hoops to jump over)

1. DBS Multiplier (max $50k)

 

[Buzy_bee]

Thats a problem.. I only have CIMB FastSaver... about 2% only... (the only one I know without hoops to jump over)

1. DBS Multiplier (max $50k)

GXS 3.48% but up to $5k only

 

[AlvinDj]

Thats a problem.. I only have CIMB FastSaver... about 2% only... (the only one I know without hoops to jump over)

1. DBS Multiplier (max $50k)

Why not SIF GoSaver instead? for 2.5% no frills, or if you can open Maribank, also 2.5% no frills..

 

[magicming]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

 

[sohguanh]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

Can I know the above points is based on your and frens and family members trial and error experiment? Or you have frens and family members working in SCB who shed some light? Reason is becuz quite a few readers has asked on this in this thread. What are the criteria SCB use to trigger an invite.

 

[royalmix]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

You are just guesssing right?
I met 1 and 2, never get invite
Balance always zero before new cycle starts! But I am ok cos I can get more with other banks!

Latest invites require end of mth balance to be more than May end of mth. My end of mth balance is zero, how to get invite?

 

[EveMuffins]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

number 2 tested and proven..for me few times already.

 

[iduncheckmail]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

point 2 is rather obvious , if you running a biz you will give voucher to those who already keep buying from you ??

Loyal ? pls leh. if you see another bank higher rates by even a measly 0.5%, you also zhao what. What loyalty you toking about when u will not even practise the same ??

 

[Imhthc]

number 2 tested and proven..for me few times already.

Same here but I emptied it on the first day of the month.

 

[EveMuffins]

Same here but I emptied it on the first day of the month.

I also left $1k on 1st day of the month then few days later will receive exclusive invite..

 

[crystalnox]

I definitely meet 2 but not 1, never got any exclusive invite.

 

[sohguanh]

I definitely meet 2 but not 1, never got any exclusive invite.

Just to feedback I same as you. So definitely it is not the only criteria they look at there could be others we are not aware of. Trial and error I no time I move on others haha