UOB ONE Account

[toopid_yeah]

Would the insurance premium charged to my uob one card be considered 1 Giro transaction for Uob one account?

 

[shpesft]

Nope. Must be Giro to UOB One Account and not card.

Would the insurance premium charged to my uob one card be considered 1 Giro transaction for Uob one account?

 

[rokawa2]

Bonus interest is in

 

[athletic91]

Bonus interest is in

$142.17. Think lesser this months cos 29 days

 

[lurker88]

Is there such thing as prorated ? My acc was created in 1st Jan with 75k. However in 1st feb i only have 2 GIRO and spent 2k on one card. I got 81 for the interest

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[Henabi]

Is there such thing as prorated ? My acc was created in 1st Jan with 75k. However in 1st feb i only have 2 GIRO and spent 2k on one card. I got 81 for the interest

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iirc, cuz your GIRO never hit the minimum requirement of 3, you only earn the interest for your card spending

get one more GIRO to your UOB one bank account
- Town council
- income tax
- mobile phone bill
- internet bill
- insurance
etc

 

[cal3135]

Monthly ☕️ is in ...

🍎xsmax HardwareZone Forums app

 

[MoneyHoney]

https://forums.hardwarezone.com.sg/122052523-post3987.html

B.U.M.P. for info

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 = $137.27
29 days in the month = $142.18
30 days in the month = $147.08
31 days in the month = $151.98

UPZ for info...... should be $142.18 for Feb 2020.

 

[cbc915]

When I opened UOB one account, the officer persuaded me to purchase an Prudential insurance with $400/month in order to archive min spend of $500/month, but my insurance premium due date is on 29th every month. Sometimes, the transaction posted on the next month. That's mean I do not get the one bonus interest for the month of Feb20. Very unfair.

 

[Jyvonchi]

UPZ for info...... should be $142.18 for Feb 2020.

I get $142.17, a cent lesser.

 

[Henabi]

When I opened UOB one account, the officer persuaded me to purchase an Prudential insurance with $400/month in order to archive min spend of $500/month, but my insurance premium due date is on 29th every month. Sometimes, the transaction posted on the next month. That's mean I do not get the one bonus interest for the month of Feb20. Very unfair.

Unfair in what sense? Now your March expenses is done

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[chiokcc]

I get $142.17, a cent lesser.

UPZ for info...... should be $142.18 for Feb 2020.

Feb 2020 is the first leap year since the start of this bonus interest thingy.

So the value I quoted may be off by 1 cent

 

[JetStorm]

When I opened UOB one account, the officer persuaded me to purchase an Prudential insurance with $400/month in order to archive min spend of $500/month, but my insurance premium due date is on 29th every month. Sometimes, the transaction posted on the next month. That's mean I do not get the one bonus interest for the month of Feb20. Very unfair.

She forgot to tell u after 16 mar ur premiums is not counted as part of ur 500 spending?

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[lurker88]

She forgot to tell u after 16 mar ur premiums is not counted as part of ur 500 spending?

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insurance premiums count towards the one account bonus isnt it ? Did i read wrongly?

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[maumu]

insurance premiums count towards the one account bonus isnt it ? Did i read wrongly?

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yes, not wrong. it's still counted towards bonus interest for UOB One. But it will stop being counted/eligible for UOB One card quarterly cash rebate, after 16 March. This latter one is what some of us are angry with UOB.

 

[Henabi]

yes, not wrong. it's still counted towards bonus interest for UOB One. But it will stop being counted/eligible for UOB One card quarterly cash rebate, after 16 March. This latter one is what some of us are angry with UOB.

Ahhhhh.... That means have to be actual spendings

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[lurker88]

Well. Better than nothing since the premiums still count towards fulfilling the min 500 spending (for one acc) in order to get the ~ $150 interest per month

Cant have the best of both worlds as my other spendings are diverted to uob ppv and citi rewards to clock miles.

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[leemeng]

When I opened UOB one account, the officer persuaded me to purchase an Prudential insurance with $400/month in order to archive min spend of $500/month, but my insurance premium due date is on 29th every month. Sometimes, the transaction posted on the next month. That's mean I do not get the one bonus interest for the month of Feb20. Very unfair.

If you have a stable income and you feel their savings plan helps for the long run stay with it
That cost will be 400x 12= 4800/yr
Cutting out with the bonus on this spending after 15march 2020

Else, 14days grace period for any new plans
Cancel and ask for refund for this 1st mth of payment

Keeping uob one just for own cash savings (can see can touch/ flexible cash)
Bonus interest category is based on individual retail spending subject to exclusion tnc

 

[Henabi]

Coming to think of it....
The monthly charge is for 5years. 4800 x 5 = 24K (principal) not including the compounding interest.

After that you can choose to keep inside or take out.

So look at it as a 5 years saving investment. Earn interest together with uob one. See where you are and how much you save in 5 years time.

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[kokokrunchh]

Does anyone know if mighty fx balance count towards minimum balance?