Standchart eSaver

[havetheveryfun]

Esaver public rate for Feb 25 to mar 25 is out.

Isit safe to transfer out / merry go round ?

I have not received the bonus interest for Jan. Checked for dec and realized it's only credited on 7 Jan, means need wait till 7 Feb ?

yes they changed the crediting date few months back same as when marathon was first announced

 

[Goodintentions]

Banks to have real-time fraud detection from mid-2025 under new scam prevention framework
https://www.straitstimes.com/singap...-mid-2025-under-new-scam-prevention-framework

Financial institutions will have up to mid-2025 to implement new fraud surveillance measures.

These include real-time fraud surveillance systems that block unauthorised transactions.

Banks must detect when large sums – more than half of a balance of at least $50,000 – are rapidly drained from an account over a day.

Such transactions must be blocked until the bank confirms the transaction with the customer, or the bank must send a notification to the customer and hold the transaction for at least 24 hours.

Fail to do so, and the bank will be required to pay the victim in full, said IMDA and MAS.

“This is in recognition of the severe impact on scam victims if their accounts are drained without their knowledge,” said the regulators.

There should have been an exception when the money is transferred to the same person's own accounts. How is laundering or even scamming supposed to take place when no money is actually transferred out to third parties??

Once again PAP no brains. Only want to cripple SG depositors, not the banks. The worse is when start of month is a PH like May Day, or a weekend, end up being delayed up to three days!

Banks win, customer loses from such a sh*tty arrangement. PAP just laugh from residents losing out again.

 

[twosix]

There should have been an exception when the money is transferred to the same person's own accounts. How is laundering or even scamming supposed to take place when no money is actually transferred out to third parties??

Once again PAP no brains. Only want to cripple SG depositors, not the banks. The worse is when start of month is a PH like May Day, or a weekend, end up being delayed up to three days!

Banks win, customer loses from such a sh*tty arrangement. PAP just laugh from residents losing out again.

by then probably no need to play merry go round due to low interest rates.

 

[sglandscape]

There should have been an exception when the money is transferred to the same person's own accounts. How is laundering or even scamming supposed to take place when no money is actually transferred out to third parties??

Once again PAP no brains. Only want to cripple SG depositors, not the banks. The worse is when start of month is a PH like May Day, or a weekend, end up being delayed up to three days!

Banks win, customer loses from such a sh*tty arrangement. PAP just laugh from residents losing out again.

What you have suggested makes 100% sense, and MAS should be more prescriptive in giving examples in this. Also think the banks err on the side of caution and when they design the systems likely didn't think so far ahead.

If its same name, the risk is practically very low since the money cannot be spent. If it's subsequently transferred to a corporate account or third party, only then the risk arises.

 

[vsvs24]

Outgoing banks can't be sure the receiving bank belongs to the customer. Because the name allows for nicknames to be used.

 

[reflecx]

Bonus interest for Jan is in

 

[highsulphur]

Bonus interest for Jan is in

I haven't seen mine yet

 

[daadeedum]

same here. i went to double check that i had 0 balance for november and december just to be sure but somehow do not see the interest in yet

 

[ctan84]

Bonus interest for Jan is in

There are a couple of promos ongoing concurrently for E-saver, so will be useful to state which one are you on.

My bonus interest for Jan is in. Am on the step up program (Jan is 2.75% + 0.05%) that was sent via email invitation with no referral month's ADB to compare against.

 

[hwarzoner]

my normal public esaver bonus for jan interest not in yet

 

[ctan84]

In a nutshell, public program bonus interest not yet in while invitation step up program (Jan - March) bonus interest is in.

 

[havetheveryfun]

my normal public esaver bonus for jan interest not in yet

normally is around the 7th based on past few months

 

[lasnoblur]

Bonus interest is in.

Start merry go round..

 

[hwarzoner]

my normal public esaver bonus for jan interest not in yet

just received my jan normal esaver bonus interest

 

[Imhthc]

Exclusive invitation bonus interest is in too.

 

[henrylbh]

I tried depositing fund into my SCB account on first 2 days of Feb. It was rejected. I tried a few banks and all incoming funds got rejected by SCB. Then I tried to withdraw $100 and outgoing fund was successful. Today, I called up to enquire but was told that an officer will get back by end of the day and thank me for banking with them for the past 32 years. What a joke! Priority member account could be locked without being informed. Anyway, I wouldn't be depositing any fund as all funds have gone to OCBC at 3.3% and POSB at 3% with upfront interest, but will give them a piece of my mind

 

[ahnyaahnya]

I tried depositing fund into my SCB account on first 2 days of Feb. It was rejected. I tried a few banks and all incoming funds got rejected by SCB. Then I tried to withdraw $100 and outgoing fund was successful. Today, I called up to enquire but was told that an officer will get back by end of the day and thank me for banking with them for the past 32 years. What a joke! Priority member account could be locked without being informed. Anyway, I wouldn't be depositing any fund as all funds have gone to OCBC at 3.3% and POSB at 3% with upfront interest, but will give them a piece of my mind

OCBC got what 3.3% interest?

 

[sglandscape]

I tried depositing fund into my SCB account on first 2 days of Feb. It was rejected. I tried a few banks and all incoming funds got rejected by SCB. Then I tried to withdraw $100 and outgoing fund was successful. Today, I called up to enquire but was told that an officer will get back by end of the day and thank me for banking with them for the past 32 years. What a joke! Priority member account could be locked without being informed. Anyway, I wouldn't be depositing any fund as all funds have gone to OCBC at 3.3% and POSB at 3% with upfront interest, but will give them a piece of my mind

Did you try again? There was an issue moving funds with SCB too, but mine was out. Had to retry mujtiple times before it went through.

 

[flikmy]

just received my jan normal esaver bonus interest

Thanks, received it on 5th Feb too (normal esavers - non-promo).

 

[havetheveryfun]

Did you try again? There was an issue moving funds with SCB too, but mine was out. Had to retry mujtiple times before it went through.

u need to dig through all his posts in this thread. his account is got some story one abt scb locking it for no reason then after that unlock but got issues and until now got problem with the account. basically scb dont want to do his business for some reason.