UOB ONE Account

[TitanSmall]

luckily i came in.. got to know the promotion...

 

[wira]

Referring to T&C 2.3 (i)

"(i) you must successfully deposit a minimum amount of S$20,000, S$50,000, S$100,000, or S$150,000 in
Incremental Fresh Funds (the “Participating Deposit”) into your Account"

The earmark promo is earmarking incremental fresh fund. And this incremental fresh funds will be compared to the monthly average balance on March.

MArch MAB $100K
May - deposit additional $50K. Earmark this $50K. Satisfies the criteria "incremental fresh funds of $50K" correct.
June - Withdraw $1. Not an issue correct as only $50K is earmarked and this is the incremental fresh funds.

or am i wrong ?

 

[hyperfuse]

No. You earmarked an additional 50k. Means total 150k. So you need to maintain 150k during the earmark period.

U sure or not bro?

Earmarked 50k means 50k, not earmarked the entire remaining amount ma. If wha turns saying is right, means earmarked 50k indirectly earmarked the entire 150k? Doesn't make sense though.

 

[Rospenn]

U sure or not bro?

Earmarked 50k means 50k, not earmarked the entire remaining amount ma. If wha turns saying is right, means earmarked 50k indirectly earmarked the entire 150k? Doesn't make sense though.

Yes. I am quite sure based on the T&C.

You refer to 2.9

"Your Participating Deposit will be Earmarked for the period corresponding to your Participating Deposit date or Participation Form Submission Date (whichever is later) till the Earmark End Date as set out in the table below (“Earmark Period”). “Earmarked” means that the amount deposited and cannot be withdrawn. You are required to maintain the applicable minimum Incremental Fresh Fund (i.e. the aggregate of your
Account’s Monthly Average Balance for March 2024 and the Participating Deposit amount) for the full Earmark Period."

So the aggregate account monthly average balance is $100k plus the participating deposit amount $50k. That is 150k.

The T&C seems quite clear to me. But then again, I dont work at UOB.

 

[savinmax]

Referring to T&C 2.3 (i)

"(i) you must successfully deposit a minimum amount of S$20,000, S$50,000, S$100,000, or S$150,000 in
Incremental Fresh Funds (the “Participating Deposit”) into your Account"

The earmark promo is earmarking incremental fresh fund. And this incremental fresh funds will be compared to the monthly average balance on March.

by right, you are correct.

by left...... those who have done the promos before would know. Though on paper the risk is there, in reality personally so far no issues.

no point arguing, up to individuals who want to remain super safe or not... dont make it a big long thread about it and may get plugged.

 

[sglandscape]

by right, you are correct.

by left...... those who have done the promos before would know. Though on paper the risk is there, in reality personally so far no issues.

no point arguing, up to individuals who want to remain super safe or not... dont make it a big long thread about it and may get plugged.

they changed the tnc to put the wording "and", if too many people do it they might claw back otherwise think it'll be ok

 

[Jun666]

is there any indicator in uob app tell us that the promo participation is success?

 

[sglandscape]

is there any indicator in uob app tell us that the promo participation is success?

They send you an email, and when earmark successful you'll get the money in your account and the earmark would be active.

 

[Extremme]

The new uob one account of EIR of 4% on $150k starts 1may.
I have 100k inside now and if I want to enjoy the promo, when do I need to add the $50k and earn the $240 for ear marking for 4 months? Deposit fresh funds of 50k by 29 April?

 

[ThreeSteps]

The new uob one account of EIR of 4% on $150k starts 1may.
I have 100k inside now and if I want to enjoy the promo, when do I need to add the $50k and earn the $240 for ear marking for 4 months? Deposit fresh funds of 50k by 29 April?

UOB Big Savings Payout Promotion (1 April 2024 to 29 June 2024)
(Registration form can be found here)
https://www.uob.com.sg/personal/pro...00324-:Q1SAVE24:na:na&vid=na&pid=CD07Q1SAVE24


T&Cs: (https://www.uob.com.sg/web-resource...68F454E6DA2A0A4C98A6%40AdobeOrg|TS=1714173992)
Point#1.6 Incremental Fresh Funds
Point#2.3 & 2.4 How to participate (must register)
Point#2.9 Earmarking of Incremental Fresh Funds and Cash Credit

If you are not sure, can call the bank & ask.

 

[wira]

You refer to 2.9

"Your Participating Deposit will be Earmarked for the period corresponding to your Participating Deposit date or Participation Form Submission Date (whichever is later) till the Earmark End Date as set out in the table below (“Earmark Period”). “Earmarked” means that the amount deposited and cannot be withdrawn. You are required to maintain the applicable minimum Incremental Fresh Fund (i.e. the aggregate of your
Account’s Monthly Average Balance for March 2024 and the Participating Deposit amount) for the full Earmark Period."

So the aggregate account monthly average balance is $100k plus the participating deposit amount $50k. That is 150k.

The T&C seems quite clear to me. But then again, I dont work at UOB.

weird they used the term aggregate in TnC.

In case case i believe only $50K will be earmarked and the rest can withdraw.
but you run risk of the promo cash credit being clawed back by UOB i guess.

 

[CrashWire]

The new uob one account of EIR of 4% on $150k starts 1may.
I have 100k inside now and if I want to enjoy the promo, when do I need to add the $50k and earn the $240 for ear marking for 4 months? Deposit fresh funds of 50k by 29 April?

If you have to ask, just do it today.

 

[swathe]

Registered on 3 Apr, until now have not earmark. Anyone else done?

 

[ThreeSteps]

Registered on 3 Apr, until now have not earmark. Anyone else done?

I posted t&cs recently, read point#2.9 - Earmarking of Incremental Fresh Funds and Cash Credit
In your specific case, earmark likely will happen early May, can call the bank & ask.
Maybe they need to calculate April mthly avg bal to prove 'fresh fund' before start earmark.
Let's hope someone else can give you a more specific answer.

 

[swathe]

I posted t&cs recently, read point#2.9 - Earmarking of Incremental Fresh Funds and Cash Credit
In your specific case, earmark likely will happen early May, can call the bank & ask.
Maybe they need to calculate April mthly avg bal to prove 'fresh fund' before start earmark.
Let's hope someone else can give you a more specific answer.

Thanks

 

[EHoHoHo]

Registered on 3 Apr, until now have not earmark. Anyone else done?

You only registered, but have you actually deposited the fresh specific registered amount? (20K or 50K, etc)?

 

[swathe]

Money all in

 

[EHoHoHo]

They won't earmark if your participation is not eligible I guess. Nevertheless they should send confirmation and advice I hope.

 

[Jun666]

Registered on 3 Apr, until now have not earmark. Anyone else done?

ur order might be wrong, if u deposit before register then those fund will not count as fresh funds

 

[royalmix]

Registered on 3 Apr, until now have not earmark. Anyone else done?

Pls learn to read the tnc! Everyone else is just guessing!

It is clearly stated in the tnc, if you deposit & register in April, it will be earmarked by 31 May if you qualify!

From past history, UOB usually will credit your reward and earmark your money, earliest by mid May or latest end May.