Standchart eSaver

[maumu]

I think ive missed out on bonus interest on 31 Jan? Did you guys receive?

I usually get the following interest payments:
30 Dec CR INTEREST
30 Dec BONUS INTEREST PAYMENTFOR THE PERIOD 2023-12-01
12 Jan
EXCLUSIVE BONUS INTEREST PROMO INTEREST FOR DEC2

But this time ive only received these interest.
31 Jan CR INTEREST
14 Feb EXCLUSIVE BONUS INTEREST PROMO INTEREST FOR JAN

I was on the #s23 exclusive bonus interest(sept 2023) promo

I think it's because your ADB for Jan is lower than your ADB for Dec.

the 31 Jan Bonus Interest is paid based on incremental balance from preceding month, whereas the 14 Feb Exclusive Bonus Interest is paid based on total balance on account (after minus the 31 Jan paid amount, if any).

if you add up the two interests on 31 Jan (0.05%) and your 14 Feb interest, they should total to 3.6% (assuming that is the rate you're supposed to enjoy based on the Sep 2023 promo).

 

[Imhthc]

Sorry.. noob here.. .how you get Exclusive bonus interest? .. i only got CR interest and Bonus interest on 31Jan

Via exclusive invitation in Dec 23.

 

[farmers]

I think it's because your ADB for Jan is lower than your ADB for Dec.

the 31 Jan Bonus Interest is paid based on incremental balance from preceding month, whereas the 14 Feb Exclusive Bonus Interest is paid based on total balance on account (after minus the 31 Jan paid amount, if any).

if you add up the two interests on 31 Jan (0.05%) and your 14 Feb interest, they should total to 3.6% (assuming that is the rate you're supposed to enjoy based on the Sep 2023 promo).

Thanks i think youre right man. I just tabulated my dec and jan transactions and got a figure close to what was paid ($5 diff).

Just curious, do deposits/withdrawal on weekends get counted in the ADB for scb? I factored weekends in, maybe thats why i couldnt get exact. Hmm.

 

[maumu]

Thanks i think youre right man. I just tabulated my dec and jan transactions and got a figure close to what was paid ($5 diff).

Just curious, do deposits/withdrawal on weekends get counted in the ADB for scb? I factored weekends in, maybe thats why i couldnt get exact. Hmm.

Saturday (depending on the time) is counted on the same day but Sunday or PH is counted on the next working day.

 

[ahnyaahnya]

you just need to pay in advanced $1000 to your SCB credit card. Then swipe the $3k.
It’s immediate and no need to call bank.

That's what I did to my local bank's c c. Account

 

[Squaredot]

Good thing is that after settle my home loan, account had $0.

I even called SCB to request to unlock my account and indicated that their process needs to be corrected so that the bank does not take on risks and customers are not affected. They said to file a police report. I said what do I tell police? I send my own money to my own bank, and now locked? LOL.

is your account unlocked now?

What should be the "correct way" to settle your outstanding loan if sending money to own account resulted in account kena locked? How to avoid this?

 

[damnit]

is your account unlocked now?

What should be the "correct way" to settle your outstanding loan if sending money to own account resulted in account kena locked? How to avoid this?

unlocked after 60 days ... but SCB already lost me as a customer

 

[pearl_ml]

Just want to check. For example, if I withdraw all cash from SCB eSaver on 1st Feb 2024, and the account balance is zero for the entire Feb 2024, do I still get interest if I deposit from 1st March 2024, or do I need to wait for 30 days since Feb 2024 has 29 days?

So if the above is correct, I should deposit on 2nd March 2024, right?

 

[Lè Crayons]

Just want to check. For example, if I withdraw all cash from SCB eSaver on 1st Feb 2024, and the account balance is zero for the entire Feb 2024, do I still get interest if I deposit from 1st March 2024, or do I need to wait for 30 days since Feb 2024 has 29 days?

So if the above is correct, I should deposit on 2nd March 2024, right?

Not correct. The amount in March 2024 is still based on the average daily balance in Jan 2024.

 

[sibeiTrolled]

Just want to check. For example, if I withdraw all cash from SCB eSaver on 1st Feb 2024, and the account balance is zero for the entire Feb 2024, do I still get interest if I deposit from 1st March 2024, or do I need to wait for 30 days since Feb 2024 has 29 days?

So if the above is correct, I should deposit on 2nd March 2024, right?

Regardless, the promo is based on ADB for JAN 24 （for 1st Feb till 31st Mar promo）
Ideally you should skip this promo and come back on 1st April to check if you had a sizeable amount in your eSaver prior to 1st Feb 2024.

 

[Goodintentions]

Just want to check. For example, if I withdraw all cash from SCB eSaver on 1st Feb 2024, and the account balance is zero for the entire Feb 2024, do I still get interest if I deposit from 1st March 2024, or do I need to wait for 30 days since Feb 2024 has 29 days?

So if the above is correct, I should deposit on 2nd March 2024, right?

Nay its too late as others stated, but you can consider SYFE Cash+ products. Don't work for them but just suggesting an alternative.

 

[hwarzoner]

Anyone got received their normal/public esaver interest for feb 2024?

 

[highsulphur]

Anyone got received their normal/public esaver interest for feb 2024?

Got mine yesterday

 

[waddahell]

Hi all

Can someone enlighten me what is the difference between 3rd Party SCB Funds Transfer vs Interbank Funds Transfer under limit maintenance with each having a 100K limit. Want to know if it is possible to withdraw 200K on 1st April. TIA!

Edit - Seems like I got it wrong. Bottom half is to set authorisation limit. Max withdrawal is 200K.

 

[Careful Investor]

Anyone got received their normal/public esaver interest for feb 2024?

I only received a few cents interest but no bonus interest public portion despite having incremental ADB. Anyone also didn’t receive?

 

[0218crawford]

mine also a bit weird. not sure why my BONUS INTEREST is way lower than previous 2 months despite ADB up.

 

[daadeedum]

not sure why i got my bonus interest today when i am on the special invite 3.7% till march. past 3 months i always got the exclusive bonus interest during mid of the following month

 

[DenOOO]

Anyone got received their normal/public esaver interest for feb 2024?

Yup, it was in when i checked at around 3am.

0.05% + 3.55% totaling 3.6%.

Accurate down to the cent.

Easy to calculate as my Jan ADB was $0.

 

[V_for_Vanilla]

Anyone got received their normal/public esaver interest for feb 2024?

Yes saw it this morning.

 

[BlackTortoise]

So weird. 31 Dec 2023 & 31 Jan 2024 I received $600-$700 bonus interest, then 29 Feb 2024 received only $7.