UOB ONE Account

[kashanai]

I read somewhere before they allow to appeal once . Not every time

try appeal?

 

[swathe]

That can’t be true... I spend on 30th oct, posted 1 oct and got no interest.. in the process of appealing now

I checked. I got my bonus interest on 2 Oct. This should be for my Sept spend that post on 1 Oct.

Unless 2 Oct interest is for Aug spend.

 

[swathe]

He could have some other CC spendings which counted for bonus interest but not for CC spendig cash back.
example:asx payment

No other spend. In the future will not do it again.

Last min spending was due to my manual miscalculation using a calculator. Thought I met $500 but luckily download the spreadsheet from internet banking on 29th and use excel to calculate.

 

[cloud1984]

not sure if anyone asked before. If i do a bank transfer from my DBS bank to my UOB One and select salary as the purpose, is it consider as salary credit by UOB?

 

[JuniorLion]

not sure if anyone asked before. If i do a bank transfer from my DBS bank to my UOB One and select salary as the purpose, is it consider as salary credit by UOB?

No. You would think that UOB is smarter than this.

It has to be:
1) GIRO-ed in; and
2) Under Category "Salary".

You can set up your own company and GIRO $2500 in from your company under "Salary" if you like. Note that, in this case, you will need to declare your "new income" to IRAS and pay your (additional) income tax accordingly.

 

[lyedwin]

B.U.M.P!

31 days in the month = $151.98
(verified by Sep statement for the 31 days in Aug 2018)

30 days in the month = $147.08
(verified by Oct statement for the 30 days in Sep 2018)

Can you explain how you get the 2.712 per day rate for min. 50k?
Cause from calculation I understand is for the 50k min. The interest rate should be 2.3% (as shown in UOB website) if I managed to complete the 3 GIRO transaction.

So isn’t it 50k x 2.3% = $1150
$1150 / 365 = $3.15

Can someone explain to me if I am wrong

 

[Trazora]

Can you explain how you get the 2.712 per day rate for min. 50k?
Cause from calculation I understand is for the 50k min. The interest rate should be 2.3% (as shown in UOB website) if I managed to complete the 3 GIRO transaction.

So isn’t it 50k x 2.3% = $1150
$1150 / 365 = $3.15

Can someone explain to me if I am wrong

now need 75k to maximize interest

 

[lyedwin]

now need 75k to maximize interest

So what is the interest rate for 50k? Given I met all criteria

 

[JuniorLion]

So what is the interest rate for 50k? Given I met all criteria

Here: https://www.uob.com.sg/assets/pdfs/one-account-online-notice.pdf

Can learn how to compute from the easy example.

 

[chiokcc]

New bonus interest from 01 August 2018 if you satisfy the required conditions and have ADB of $75k in the account :
($4.903)×(no of days in the month)

28 days in the month = $137.28
29 days in the month = $142.18
30 days in the month = $147.08
31 days in the month = $151.98

New bonus interest from 01 August 2018 if you satisfy the required conditions and have ADB of exactly $50k in the account :
($2.712)×(no of days in the month)

28 days in the month = $ 75.94
29 days in the month = $ 78.65
30 days in the month = $ 81.36
31 days in the month = $ 84.07

Old bonus interest till 31 July 2018 if you meet both criteria and ADB of at least $50k :
($3.263)×(no of days in the month)

28 days in the month = $ 91.36
29 days in the month = $ 94.63
30 days in the month = $ 97.89
31 days in the month = $101.15

All amounts are approximate, could be off by $0.01 or $0.02 due to rounding off error.

B.U.M.P. for info

 

[chiokcc]

New bonus interest from 01 August 2018 if you satisfy the required conditions and have ADB of exactly $50k in the account :

[(1.85+2.00+2.15)×15000)+(2.30×5000)−(0.05×50000)]÷100×(no of days in the month)÷365

or ($2.712)×(no of days in the month)

28 days in the month = $75.94
29 days in the month = $78.65
30 days in the month = $81.36
31 days in the month = $84.07

(Edit : corrected the interest amount)

All amounts are approximate, could be off by $0.01 or $0.02 due to rounding off error.

B.U.M.P. for info

 

[chiokcc]

See above .....

Can you explain how you get the 2.712 per day rate for min. 50k?
Cause from calculation I understand is for the 50k min. The interest rate should be 2.3% (as shown in UOB website) if I managed to complete the 3 GIRO transaction.

So isn’t it 50k x 2.3% = $1150
$1150 / 365 = $3.15

Can someone explain to me if I am wrong

So what is the interest rate for 50k? Given I met all criteria

 

[cloud1984]

No. You would think that UOB is smarter than this.

It has to be:
1) GIRO-ed in; and
2) Under Category "Salary".

You can set up your own company and GIRO $2500 in from your company under "Salary" if you like. Note that, in this case, you will need to declare your "new income" to IRAS and pay your (additional) income tax accordingly.

like that not worth it already leh.

 

[cloud1984]

Here: https://www.uob.com.sg/assets/pdfs/one-account-online-notice.pdf

Can learn how to compute from the easy example.

the 3.88% is like a gimmick...
the effective interest rate is like so much lower.

 

[af7680]

Guys
Did you received this month interest already ?

 

[pohw0008]

Yes.. $147..

Guys
Did you received this month interest already ?

 

[af7680]

Yes.. $147..

thanks for response. i called up and realised that 500 credit card spending has to be in each calendar month , not till 6th each month. mistaken.. damn.. missed it for myself and my partner.

 

[bright_84]

thanks for response. i called up and realised that 500 credit card spending has to be in each calendar month , not till 6th each month. mistaken.. damn.. missed it for myself and my partner.

Call and ask for waiver. First time usually they give.

 

[af7680]

Will try .thanks a lot for your suggestion!
Have not thought of that earlier !

Call and ask for waiver. First time usually they give.

 

[ktyandkyc]

Anyone knows how to remove mightypin.. I don't even rmb setting up before. UOB faq said to click 'secure' in app then 'remove' but I can't even find the remove function