Standchart eSaver

[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

 

[saintgtril]

$2300 interest is in for public promo

WAH!!!

 

[DevilPlate]

$2300 interest is in for public promo

Might as well stash all yr cash with OCBC privilege acct and lock it up.
No need to merry go round and no scare from scammer.

 

[GrandJedi]

Any SCB priority customer here know if $5 will be charged if eSaver falls below $1k balance?

 

[GrandJedi]

Might as well stash all yr cash with OCBC privilege acct and lock it up.
No need to merry go round and no scare from scammer.

Which OCBC privilege account?

 

[DevilPlate]

Which OCBC privilege account?

https://www.ocbc.com/personal-banking/premier-banking/solutions/premier_dividend_solutions

 

[DevilPlate]

Any SCB priority customer here know if $5 will be charged if eSaver falls below $1k balance?

I never get charged for fall below fee before as a SC priority customer.

 

[heng_ah]

Any SCB priority customer here know if $5 will be charged if eSaver falls below $1k balance?

Never.
I think that’s the only perks as priority customer, I can keep my balance 0 when I’m not playing musical chairs
However, I never get invited for special interest rate either….hahaha….

 

[maumu]

I've always play 'by the book' and kept min. amount in all my accounts.. after all, to me it's important my accounts are "in good order" with the banks in case I need certain waiver or appeals.

most banks their min. amount is decent, like $500 (DBS), $1k, highest is $2k by HSBC. although earning peanuts interest. just treat it like an 'emergency' pocket money if ever needed one day.

 

[touchring1]

I've always play 'by the book' and kept min. amount in all my accounts.. after all, to me it's important my accounts are "in good order" with the banks in case I need certain waiver or appeals.

most banks their min. amount is decent, like $500 (DBS), $1k, highest is $2k by HSBC. although earning peanuts interest. just treat it like an 'emergency' pocket money if ever needed one day.

I keep minimum to avoid the hassle of reopening the account. Also, in case in future there's any banking crisis, I can transfer money out from dbs to these accounts and vice versa instantenously.

 

[vsvs24]

I keep minimum to avoid the hassle of reopening the account. Also, in case in future there's any banking crisis, I can transfer money out from dbs to these accounts and vice versa instantenously.

I leave $1 to keep account open. Some of my dormant bank accounts like ICBC, OCBC need to do 1 transaction every 6 mths to a year. Last year just realise that CIMB will de-activate the account if dormant.

Min sum I only keep if chargeable. POSB savings, UOB and Maybank.

 

[Lè Crayons]

I leave $1 to keep account open. Some of my dormant bank accounts like ICBC, OCBC need to do 1 transaction every 6 mths to a year. Last year just realise that CIMB will de-activate the account if dormant.

Min sum I only keep if chargeable. POSB savings, UOB and Maybank.

So you leave only $1 in your StandChart eSaver account? The bank does not deduct the $5 fall below fee?

 

[ctan84]

So you leave only $1 in your StandChart eSaver account? The bank does not deduct the $5 fall below fee?

He said he keeps minimum sum, so that's $1k for e-saver.

 

[vsvs24]

So you leave only $1 in your StandChart eSaver account? The bank does not deduct the $5 fall below fee?

I am priority. Have 2 esavers account. 1 active and 1 dormant.

The dormant one I leave $1 not charged fall below fee.

 

[Lè Crayons]

I am priority. Have 2 esavers account. 1 active and 1 dormant.

The dormant one I leave $1 not charged fall below fee.

If priority, can leave at $0 for both esaver accounts.