Standchart eSaver

[sohguanh]

hannor. u 說出我的心聲。

I hope you never all in on one bank only. Imagine TBill closing date and then suddenly this issue happened and you miss out applying.

 

[DevilPlate]

I hope you never all in on one bank only. Imagine TBill closing date and then suddenly this issue happened and you miss out applying.

miss Tbill ok lah....every 2wks got

Unless apply for SGS....goto be careful

 

[laladuck]

Hello! Would like to seek the advice from the experts here regarding the definition of "Fresh funds" for the special invite (1 Apr to 31 Jul 2024).

For example:
15 Mar - withdrew $100k
30 Mar - end-of-day balance $50k

Does it mean that I have to maintain at least $250k on 30 Apr to be eligible?
First $150k - $100k higher end-of-day balance on 30 Mar
Next $100k - amount withdrawn on 15 Mar and re-deposited within 30 days of the Promotion Period

T&C para 2c - you must deposit fresh funds of minimum S$100,000 into your Eligible Account(s), such that the end-of-day deposit balance on 30 April 2024 is at least S$100,000 higher than the end-of-day deposit balance on 31 March 2024. “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period

Thanks in advance!

 

[rest1ess]

Hello! Would like to seek the advice from the experts here regarding the definition of "Fresh funds" for the special invite (1 Apr to 31 Jul 2024).

For example:
15 Mar - withdrew $100k
30 Mar - end-of-day balance $50k

Does it mean that I have to maintain at least $250k on 30 Apr to be eligible?
First $150k - $100k higher end-of-day balance on 30 Mar
Next $100k - amount withdrawn on 15 Mar and re-deposited within 30 days of the Promotion Period

T&C para 2c - you must deposit fresh funds of minimum S$100,000 into your Eligible Account(s), such that the end-of-day deposit balance on 30 April 2024 is at least S$100,000 higher than the end-of-day deposit balance on 31 March 2024. “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period

Thanks in advance!

As Promotional Period starts from 1 April, so it seems to me that your march withdrawal not counted. You just have to put in at least $100K funds from outside since start of April and cannot withdraw these $100K until after 30 April?

Edit: To add on, if you withdraw any sum in April, must also put back in April

 

[maumu]

bonus interest for March credited today. unexpectedly early...

 

[0218crawford]

bonus interest for March credited today. unexpectedly early...

yep. song song gao joo long.

 

[BugsBunny58]

Nice, mine is in as well

 

[havetheveryfun]

only those facing issues will complain and post.

Prolly alot more others no issues like me.

blame all those scammers haiz. make our lives difficult

 

[sglandscape]

blame all those scammers haiz. make our lives difficult

Actually it's blame OCBC for having such bad scam controls that the standards have to be set for the banking industry because one bank couldn't figure out how to do things properly.

 

[Imhthc]

Surprisingly the exclusive BI is in today. So many days in advance. Nice.

 

[1l92041H]

Nice, mine is in as well

u guys referring to some special invite is it?

my normal esaver march BI end of march already come in.

 

[maumu]

yeah..

u guys referring to some special invite is it?

my normal esaver march BI end of march already come in.

yeah..

 

[touchring1]

Actually it's blame OCBC for having such bad scam controls that the standards have to be set for the banking industry because one bank couldn't figure out how to do things properly.

It's normal for SME bank. Cheaper, faster and better. Cut costs on IT.

 

[vsvs24]

Actually it's blame OCBC for having such bad scam controls that the standards have to be set for the banking industry because one bank couldn't figure out how to do things properly.

But at least OCBC paid back all out of goodwill. If it had been DBS could be a different story, judging from reports on the way DBS handle scams nowadays.

And OCBC has learnt their lesson hard and probably spend more on IT. Recent IT changes they did much better and faster than the other 2 banks.

 

[sglandscape]

But at least OCBC paid back all out of goodwill. If it had been DBS could be a different story, judging from reports on the way DBS handle scams nowadays.

And OCBC has learnt their lesson hard and probably spend more on IT. Recent IT changes they did much better and faster than the other 2 banks.

I actually find the scam control for OCBC has become too strict now to be overly cautious. However their money lock feature is the best implementation amongst all the banks.

Paying back out of goodwill is one thing, being the cause of an industry reset is the thing that negatively impact consumers in masses in order to reduce the liability of the banks due to scam. Facial recognition, IP address pinning, alternative MFA techniques have been used to reduce such risks but the banks do not actively adopt it due to cost.

 

[vsvs24]

I actually find the scam control for OCBC has become too strict now to be overly cautious. However their money lock feature is the best implementation amongst all the banks.

Paying back out of goodwill is one thing, being the cause of an industry reset is the thing that negatively impact consumers in masses in order to reduce the liability of the banks due to scam. Facial recognition, IP address pinning, alternative MFA techniques have been used to reduce such risks but the banks do not actively adopt it due to cost.

Depends on individual. Nowadays I don't complain about tight controls. I worry not tight enough.

I find DBS too lax. That's why most reports on scam a lot is DBS accounts. And worse is so lax that scammer can take up loan easily. That was an article where reporter tried out taking up loan of all 3 banks.

If only they bring back physical token.

 

[sglandscape]

Depends on individual. Nowadays I don't complain about tight controls. I worry not tight enough.

I find DBS too lax. That's why most reports on scam a lot is DBS accounts. And worse is so lax that scammer can take up loan easily. That was an article where reporter tried out taking up loan of all 3 banks.

If only they bring back physical token.

I would encourage ability for customers to choose token of choice (digital, physical or even a security key). Each has pro and cons and the fraud risk differs.

However for less savvy customers, physical token would probably be the safest.

 

[wira]

I would encourage ability for customers to choose token of choice (digital, physical or even a security key). Each has pro and cons and the fraud risk differs.

However for less savvy customers, physical token would probably be the safest.

any authentication methods that require password entry or OTPs are also easily phished so even with physical tokens, can still fall prey to phishing scams and enter your physical token OTPs in phishing sites.

Still feel most ideal if facial biometric verification eg our singpass facial.

 

[sglandscape]

any authentication methods that require password entry or OTPs are also easily phished so even with physical tokens, can still fall prey to phishing scams and enter your physical token OTPs in phishing sites.

Still feel most ideal if facial biometric verification eg our singpass facial.

Yup facial recognition + security key is probably the best practice. I'm highly against SMS or token OTP since it is the weakest of the link too. Sometimes not even sure what the OTP is used for since it's not clear, and requires an additional step to rekey in to a site.

 

[twosix]

Yup facial recognition + security key is probably the best practice. I'm highly against SMS or token OTP since it is the weakest of the link too. Sometimes not even sure what the OTP is used for since it's not clear, and requires an additional step to rekey in to a site.

In thing now is passkey, which can use biometrics for authentication. For a start, setup ur Chrome browser passkey linked to ur iPhone or android phone.