UOB ONE Account

[yiron]

I wish UOB would revert the daily FAST transfer limit back to $200k. Too restrictive to manage funds with UOB via $100k daily limit.

 

[Sambuca78]

There is a possibility that you did not qualify due to not meeting the condition of having 100k increment from end of reference month ( if you register in Jan, then reference month is 31 Dec 2022 ) ; if register in Feb, r.m. will be 31 Jan 2023.

and yes, the earmarked 100k will also earned the bonus interest as long as all conditions are met ( ie $500 spending and salary input ) for the month .

the $888 or other amounts is purely a bonus payout for locking in for approx 4months.
This would mean for the first 4 months or so , one can get 7-7.5% p.a. for that 100k which is earmarked .

Ya lo, i have $2xxx at 31 Dec 2022, and i have 106k now, so I dont see what else I missed.

Unless monthly average is 1 of the consideration, as my Jan 2023 average was 95k.

 

[Obviouslylah]

Ya lo, i have $2xxx at 31 Dec 2022, and i have 106k now, so I dont see what else I missed.

Unless monthly average is 1 of the consideration, as my Jan 2023 average was 95k.

Yes it is. Uob informed that i missed by 7 cents .... trying to appeal now...

 

[always_first_time]

Yes it is. Uob informed that i missed by 7 cents .... trying to appeal now...

Did they mention how they calculate it?
So they will look at jan monthly average instead of 31 jan balance?

 

[maumu]

I am just joining this cny promo (dumped $100k inside yesterday 28 Feb). supposed to check the increment is compared with 31 Dec 2022, so if I have $1k on 31 Dec 2022, I need to have $101k from 28 Feb until the day the $100k is 'deducted' (earmarked) right?

can I leave exactly $100k today (1 Mar)? will they charge me for fall-below fee since the $100k is earmarked?

it's a bit confusing the way they determine eligibility.

 

[Froggyman]

I am just joining this cny promo (dumped $100k inside yesterday 28 Feb). supposed to check the increment is compared with 31 Dec 2022, so if I have $1k on 31 Dec 2022, I need to have $101k from 28 Feb until the day the $100k is 'deducted' (earmarked) right?

can I leave exactly $100k today (1 Mar)? will they charge me for fall-below fee since the $100k is earmarked?

it's a bit confusing the way they determine eligibility.

Me also just joined yesterday.
Check my account but the $100k is not earmarked yet as of now ?
How about yours?

 

[maumu]

Me also just joined yesterday.
Check my account but the $100k is not earmarked yet as of now ?
How about yours?

nope. don't think so fast bah... read a few posts back it seems like they will only earmark on 31 Mar

 

[Sambuca78]

Yes it is. Uob informed that i missed by 7 cents .... trying to appeal now...

Is it? I remember it says deposit 100k more for the balance u have on 31 Dec, i don't remember them mentioned about maintaining mthly average of 100k for Jan n feb leh.

 

[Obviouslylah]

Is it? I remember it says deposit 100k more for the balance u have on 31 Dec, i don't remember them mentioned about maintaining mthly average of 100k for Jan n feb leh.

I think it best to clarify w UOB as the CSO wasnt very clear she explained how it was determined.

But based on t&cs, For existing Accounts, the Incremental Fresh Funds must result in at least a corresponding increment in the Account’s day-end balance throughout the Promotion Period as compared to the 31 December 2022 day-end balance of that Account.

Worse come to worse i just qualify for Feb period instead of Jan period

 

[tidalstorm]

half fug promo. lots of things neh state clearly. end up I did not participate in this promo

 

[Mickey01]

Is it? I remember it says deposit 100k more for the balance u have on 31 Dec, i don't remember them mentioned about maintaining mthly average of 100k for Jan n feb leh.

I think the TnC is like this
1. 31 Dec 2022 balance - $1,002.99 (your account blance + base interest credited on 31 Dec 2022)
2. Register $X using the form in Jan 2023 - X to be either $50k or $100k or $200k. 31 Jan 2023 your balance must be $X + $1,002.99. And your top up funds will be earmarked on 28 Feb and cash credit on 28 Feb. It does not matter whether your deposit $X first or submit the form first as long as within Jan 2023. It does not matter how many time you submit the form in Jan 2023. The last submission will be taken into consideration and must match the top up amount.
3. For those who register in Feb, top up in Feb and top up funds earmarked by 31 Mar 2023 and cash credit 31 Mar

 

[Spurs1978]

supposedly, as shared (and asked) by many folks here in this thread.

I think those who placed in end/Jan or month of February will be able to confirm when Feb BI is credited in early March.

I opened the one account in Jan and fund 100k. I submitted the CNY promo participation form on 31 Jan. Just now I checked, the $888 is in and the 100k earmarked.

Base on past threads, the bonus interest will be in on 2nd working day, so I will update tomorrow whether the BI is in.

 

[maumu]

I opened the one account in Jan and fund 100k. I submitted the CNY promo participation form on 31 Jan. Just now I checked, the $888 is in and the 100k earmarked.

Base on past threads, the bonus interest will be in on 2nd working day, so I will update tomorrow whether the BI is in.

Thanks, hope you can verify that the 100k will get the 5% BI, which should be prorated based on the date in January you funded the account.

 

[Sambuca78]

I think the TnC is like this
1. 31 Dec 2022 balance - $1,002.99 (your account blance + base interest credited on 31 Dec 2022)
2. Register $X using the form in Jan 2023 - X to be either $50k or $100k or $200k. 31 Jan 2023 your balance must be $X + $1,002.99. And your top up funds will be earmarked on 28 Feb and cash credit on 28 Feb. It does not matter whether your deposit $X first or submit the form first as long as within Jan 2023. It does not matter how many time you submit the form in Jan 2023. The last submission will be taken into consideration and must match the top up amount.
3. For those who register in Feb, top up in Feb and top up funds earmarked by 31 Mar 2023 and cash credit 31 Mar

Ya lo, this is my understanding too. Will call them tomorrow.

 

[Shurikenger]

sien... should have joined opening the UOB account earlier.. now this month is only extra $110 credit reward only

 

[chiokcc]

From 01 Dec 2022, if you spend min. $500 on eligible CC spend and credit your salary, and has $100k in UOB one acct, the bonus interest per month should be :


28 days in the month = $379.91
29 days in the month = $393.48
30 days in the month = $407.05
31 days in the month = $420.62

Bonus interest is in!

 

[joshua_coolone]

From 01 Dec 2022, if you spend min. $500 on eligible CC spend and credit your salary, and has $100k in UOB one acct, the bonus interest per month should be :


28 days in the month = $379.91
29 days in the month = $393.48
30 days in the month = $407.05
31 days in the month = $420.62

Bonus interest is in!

Hi there, just want to ask regarding my bonus interest I just received today. On 20th Feb, I applied for the UOB One account and it was approved on the same day. From there, I spent $500 on an eligible card and credited $1600 salary in the account.

Also, in the interest tracker it says level 2 reached and I just have to wait for the bonus interest to credit in. However, today I have received only $40.95 bonus interest while the average monthly balance states $43,527.23.

Wasn't the interest rate for this amount 3.85% pa? Can anyone explain?

I have a feeling maybe it's because there are only 8 days left in the calendar month.

 

[maumu]

Hi there, just want to ask regarding my bonus interest I just received today. On 20th Feb, I applied for the UOB One account and it was approved on the same day. From there, I spent $500 on an eligible card and credited $1600 salary in the account.

Also, in the interest tracker it says level 2 reached and I just have to wait for the bonus interest to credit in. However, today I have received only $40.95 bonus interest while the average monthly balance states $43,527.23.

Wasn't the interest rate for this amount 3.85% pa? Can anyone explain?

I have a feeling maybe it's because there are only 8 days left in the calendar month.

yes.. you can't really expect to enjoy the full month's bonus interest when you only joined on 20 Feb, right?

otherwise, everyone will only sign up on the last day to maximise their 'bonus'...

 

[joshua_coolone]

yes.. you can't really expect to enjoy the full month's bonus interest when you only joined on 20 Feb, right?

otherwise, everyone will only sign up on the last day to maximise their 'bonus'...

Yes just as I thought. Thanks for the reply! Sorry if I seem weird asking such a question

 

[fabulousfab]

I’ve applied for the bank account & card last evening but it’s not up yet. Is this normal cause I see people getting approved on the same day?