UOB ONE Account

[always_first_time]

i just received the CNY promotion $ and money got earmarked

 

[Obviouslylah]

Uob one earmarked. I am one of those who topup in Jan but did not meet increment criteria compared to Dec. Gd thing i didnt believe the CSO when she said i dun qualitfy even for Feb as their email tell me otherwise

 

[Mickey01]

i just received the CNY promotion $ and money got earmarked

yeah ... me too. Submitted form in Feb and Top up in Feb. The funds got earmarked this evening and received the gift too

 

[maumu]

mine's also earmarked today. $100k. received the $888 cash gift.

so am wondering:
- do we still need to maintain $1k min. balance?
- the $100k earmarked will continue to earn 5%? (with salary crediting + $500 card spend)

 

[Froggyman]

mine's also earmarked today. $100k. received the $888 cash gift.

so am wondering:
- do we still need to maintain $1k min. balance?
- the $100k earmarked will continue to earn 5%? (with salary crediting + $500 card spend)

Thanks all the updates and sharing.
check mine too and the fund was also earmarked and got the cash gift
same questions like you .. should just leave few dollars only?

 

[reiser]

mine's also earmarked today. $100k. received the $888 cash gift.

so am wondering:
- do we still need to maintain $1k min. balance?
- the $100k earmarked will continue to earn 5%? (with salary crediting + $500 card spend)

How does it show that it’s being earmarked?

Did you sign up on 28 Feb? I signed up on 28 Feb but haven’t received any notification that my $100k is earmarked.

The email I received states that:

“If you are an eligible participant, you will be notified by 30 April 2023 (or such other date as UOB may determine in its sole discretion).”

 

[Froggyman]

How does it show that it’s being earmarked?

Did you sign up on 28 Feb? I signed up on 28 Feb but haven’t received any notification that my $100k is earmarked.

The email I received states that:

“If you are an eligible participant, you will be notified by 30 April 2023 (or such other date as UOB may determine in its sole discretion).”

The available balance will be the bal after deduct the earmarked amount from your current bal.
can see from the app itself.

 

[reiser]

The available balance will be the bal after deduct the earmarked amount from your current bal.
can see from the app itself.

Thanks for the response. Where would the deducted amount go? Can you still see it somewhere?

Did you sign up in Feb for the CNY promo? Or did you do it earlier?

 

[maumu]

log in to desktop browser online banking, not the app.

you'll be able to see...

Total Earmark:

as well as

Current Balance: *which is Available Balance + Total Earmark*
Available Balance:

 

[maumu]

How does it show that it’s being earmarked?

Did you sign up on 28 Feb? I signed up on 28 Feb but haven’t received any notification that my $100k is earmarked.

The email I received states that:

“If you are an eligible participant, you will be notified by 30 April 2023 (or such other date as UOB may determine in its sole discretion).”

I signed up mid-Feb and top up only on 28 Feb.

and to answer my own questions I had a UOB Chat Assist with one CSO and the reply is:
- earmarked still earn bonus interest
- must maintain earmarked amount + 31 Dec 22 balance throughout the whole earmarked period under Current Balance.

but I'm sus about the second point... because that means I can't withdraw any of my available balance in that case...! and that available balance will only be earning 0.05% (above $100k).

 

[reiser]

I signed up mid-Feb and top up only on 28 Feb.

and to answer my own questions I had a UOB Chat Assist with one CSO and the reply is:
- earmarked still earn bonus interest
- must maintain earmarked amount + 31 Dec 22 balance throughout the whole earmarked period under Current Balance.

but I'm sus about the second point... because that means I can't withdraw any of my available balance in that case...! and that available balance will only be earning 0.05% (above $100k).

Thanks! I didn’t take note of the second point. My balance has been lower than the 31 Dec amount.

 

[Froggyman]

log in to desktop browser online banking, not the app.

you'll be able to see...

Total Earmark:

as well as

Current Balance: *which is Available Balance + Total Earmark*
Available Balance:

Can see the available balance and current bal in the app too.
the difference will be the earmarked amount.

 

[maumu]

this UOB always lay a lot of booby traps... sometimes really cannot trust everything they say. but on the other hand, any carelessness will result in loss of eligibility.

the earlier discussion about needing to keep the balance above the 31 Dec 22 end-day balance during the promotion period (even after submitting the registration form), before we eventually top up, turns out to be yet another fake news.

sigh I just take it that the $1000.04 that I had parked there above the $100k is to maintain the One account's min. balance... until 16 June

 

[Mickey01]

this UOB always lay a lot of booby traps... sometimes really cannot trust everything they say. but on the other hand, any carelessness will result in loss of eligibility.

the earlier discussion about needing to keep the balance above the 31 Dec 22 end-day balance during the promotion period (even after submitting the registration form), before we eventually top up, turns out to be yet another fake news.

sigh I just take it that the $1000.04 that I had parked there above the $100k is to maintain the One account's min. balance... until 16 June

Errrrh .................. $1,000 for3.5 months (Mar to 15 Jun) @3.8% is only $11.08. This is the opportunity cost of placing the $1000 in UOB ONE instead of eSaver. But you gain $888 cash gift. Like that still need to sigh?

 

[Sambuca78]

i just received the CNY promotion $ and money got earmarked

Me too!

Btw, the amount will earmark till when?

 

[maumu]

Errrrh .................. $1,000 for3.5 months (Mar to 15 Jun) @3.8% is only $11.08. This is the opportunity cost of placing the $1000 in UOB ONE instead of eSaver. But you gain $888 cash gift. Like that still need to sigh?

sigh because I cannot make my $1000 work harder for me.

 

[ice_angel]

Mine fund got earmarked and got the cash gift. When will we get the cash gift for the 'carrots'?

And I am just curious, what if I withdraw my remaining current balance from UOB. So the balance is < 31 Dec end day balance, what will UOB do? Take back the cash gift from me?

And I got more than 1K inside UOB on 31 Dec, since UOB One's minimum balance is 2K...

 

[ice_angel]

Oh no, I have another account that wasn't earmarked. I checked that after I funded the money to the account on 27 Feb, there was a GIRO deduction which made my 28 Feb balance $5 short than 31 Dec end day balance + 100K, though there are top ups on 1 Mar so the end day balance in Mar is still > 31 Dec end day balance + 100K.
Arggggh, don't tell me I won't get the $888 cash gift because of this $5. Any chance to appeal this?

 

[Mamamonster]

Hello, how do I earmarked? Cannot find much details online

 

[reiser]

this UOB always lay a lot of booby traps... sometimes really cannot trust everything they say. but on the other hand, any carelessness will result in loss of eligibility.

the earlier discussion about needing to keep the balance above the 31 Dec 22 end-day balance during the promotion period (even after submitting the registration form), before we eventually top up, turns out to be yet another fake news.

sigh I just take it that the $1000.04 that I had parked there above the $100k is to maintain the One account's min. balance... until 16 June

But my $100k isn’t earmarked. So it seems true to me.

Ya. I was deliberating between RHB and UOB promo in Dec last year and decided to park all in RHB because I felt that UOB always got some ways to waylay customers using fine prints or unusual clauses so that they become ineligible.

Now no choice because RHB doesn’t have anymore promo. I’ll just treat it as a higher-interest savings account since it’s also my salary crediting account.